Market Research Report
Market Data: Advanced Battery and Energy Storage Pricing Trends - Advanced Battery System and Component Costs and Trends for Grid Storage and Transportation, Global Analysis
|Published by||Navigant Research||Product code||873170|
|Published||Content info||26 Pages; 31 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data: Advanced Battery and Energy Storage Pricing Trends - Advanced Battery System and Component Costs and Trends for Grid Storage and Transportation, Global Analysis|
|Published: June 21, 2019||Content info: 26 Pages; 31 Tables, Charts & Figures||
The stationary energy storage market focuses on technologies for the grid and ancillary services; distributed commercial, industrial, and residential applications; and remote microgrids. Energy storage provides a multitude of specific services for the grid. The use of energy storage systems (ESSs) is driven by the need either to improve the efficiency of the grid and optimize existing assets or to effectively integrate new renewable power generation.
Although this industry has matured significantly over the past 3 years, activity remains concentrated in select countries such as the US, China, Germany, the UK, and France. On the EV front, sales continue to rise rapidly around the world. Declining battery costs have positioned these vehicles for dramatic market success in the years to come, and long-range EVs are now competitive in price among economy brands after subsidies. Navigant Research anticipates that demand for batteries will continue to drive down costs.
This Navigant Research report examines pricing trends and issues driving growth for energy storage technologies. The study forecasts pricing for large format lithium ion (Li-ion) batteries used in both grid storage and EV markets. Installed project price forecasts are also provided for eight additional grid storage technologies. This report provides component-level pricing breakdowns for both grid storage projects and EV battery packs. To illustrate the range of pricing in the market, the report provides base, high, and low cases for each market segment.