Market Research Report
Utility-Scale Energy Storage Overview - Global Market Drivers, Trends, and Forecasts for the Large-Scale Energy Storage Industry: 2019-2028
|Published by||Navigant Research||Product code||912241|
|Published||Content info||82 Pages; 44 Tables, Charts & Figures
Delivery time: 1-2 business days
|Utility-Scale Energy Storage Overview - Global Market Drivers, Trends, and Forecasts for the Large-Scale Energy Storage Industry: 2019-2028|
|Published: September 25, 2019||Content info: 82 Pages; 44 Tables, Charts & Figures||
As the global utility-scale energy storage (USES) industry continues its pattern of rapid growth, inflection points are arising around the world. The technology is becoming competitive with conventional power grid systems. The industry remains diverse as to the exact shape and structure of markets around the world, yet repeating trends are surfacing in the early adopter markets that have grown and become more mature.
The emergence of solar plus storage projects has been the most important trend seen in the global USES industry in the past 2 years. These combined projects account for a large percentage of newly announced energy storage capacity, including some of the largest projects being built. Standardization among these new solar plus storage projects has been key to driving their growth, both in terms of technical designs and contract structures through combined power purchase agreements (PPAs). Although lithium ion (Li-ion) battery technology leads the growing market, innovations in long duration technologies such as flow batteries, compressed air, and pumped hydro storage (PHS) are expected to play an important role over the coming decade.
This Navigant Research report provides an update on the market drivers, challenges, key trends, and growth projections for the global USES industry. Additional insight is provided on the leading technologies in the market and the leading players across various elements of the USES value chain. Forecasts segmented by region, technology, and application for power capacity (MW), energy capacity (MWh), and deployment revenue extend through 2028.