Market Research Report
Market Data - Energy Storage for EV Charging: Advanced Battery-Enabled EV Chargers for Residential and Commercial Markets - Global Market Analysis and Forecast
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||950698|
|Published||Content info||25 Pages; 41 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Energy Storage for EV Charging: Advanced Battery-Enabled EV Chargers for Residential and Commercial Markets - Global Market Analysis and Forecast|
|Published: July 20, 2020||Content info: 25 Pages; 41 Tables, Charts & Figures||
As the rate of EV adoption increases across global markets, so does the demand for accessible and faster charging. To accelerate growth in this sector, charging networks must provide faster charging without incurring high demand charges or heavy costs for new infrastructure upgrades. One solution is the integration of energy storage systems into charging stations. A battery storage system can feed from the grid during low demand and release power to charge an EV during peak demand time. Energy storage not only aids in peak shaving to make EV charging solutions more cost effective but also is needed to support integration of renewable energy resources (e.g., solar PV) into EV charging stations.
Energy storage for EV (ESEV) is providing increasing opportunities across multiple markets. Many companies have cited issues with high demand charges at their stations that can be addressed with the integration of battery storage to alleviate strain on the grid. Although peak shaving and higher charging capabilities remain the two leading drivers for the ESEV market, the current high costs of battery storage and some negative environmental impacts still pose challenges to wider market adoption. Solutions such as second-life battery applications can bridge the gap to provide more sustainable options in the ESEV market.
This ‘Guidehouse Insights report’ looks closely at existing and emerging ESEV technology to create a comprehensive analysis of the global market. The report outlines the EV charging market, how energy storage can play a vital role in the market, and key technology considerations driving the EV charging industry. Charging location types covered include residential, fleet, private, public, and mobile. The charging levels discussed include alternating current (AC) Level 1-Level 3 (L1-L3), and direct current (DC). The report explores five global regions and provides forecasts through 2029.