Global Battery Energy Storage Market to Reach 14900$ M by 2025 Says a Latest Research Report
This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
(EMAILWIRE.COM, August 05, 2018 ) The Global Battery Energy Storage Market is Valued at 1520 million US$ in 2017 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 33.0% during 2018-2025.
The lithium-ion batteries have a long lifespan of 5–10 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.
The major drivers for the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
Access this report at: https://www.themarketreports.com/report/global-battery-energy-storage-market-professional-survey-report-2018
Companies profiled in this report are Siemens, Abb, Samsung Sdi, Bosch, Byd and more.
Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into
• Li-Ion Batteries
• Lead-Acid Batteries
• Sodium Sulfur Batteries
Analysis by Applications, this report focuses on consumption, market share and growth rate of Battery Energy Storage in each application, can be divided into
• Residential
• Non-Residential
• Utilities
• Others
Purchase this premium research report at: https://www.themarketreports.com/report/buy-now/1228275
Table of Contents:
1 Industry Overview of Battery Energy Storage
2 Manufacturing Cost Structure Analysis of Battery Energy Storage
3 Technical Data and Manufacturing Plants Analysis of Battery Energy Storage
4 Global Battery Energy Storage Overall Market Overview
5 Battery Energy Storage Regional Market Analysis
6 Global 2013-2018E Battery Energy Storage Segment Market Analysis (by Type)
7 Global 2013-2018E Battery Energy Storage Segment Market Analysis (by Application)
8 Major Manufacturers Analysis of Battery Energy Storage
9 Development Trend of Analysis of Battery Energy Storage Market
10 Battery Energy Storage Marketing Type Analysis
11 Consumers Analysis of Battery Energy Storage
12 Conclusion of the Global Battery Energy Storage Market Professional Survey Report 2017
Inquire more about this report at: https://www.themarketreports.com/report/ask-your-query/1228275
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The lithium-ion batteries have a long lifespan of 5–10 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.
The major drivers for the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
Access this report at: https://www.themarketreports.com/report/global-battery-energy-storage-market-professional-survey-report-2018
Companies profiled in this report are Siemens, Abb, Samsung Sdi, Bosch, Byd and more.
Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into
• Li-Ion Batteries
• Lead-Acid Batteries
• Sodium Sulfur Batteries
Analysis by Applications, this report focuses on consumption, market share and growth rate of Battery Energy Storage in each application, can be divided into
• Residential
• Non-Residential
• Utilities
• Others
Purchase this premium research report at: https://www.themarketreports.com/report/buy-now/1228275
Table of Contents:
1 Industry Overview of Battery Energy Storage
2 Manufacturing Cost Structure Analysis of Battery Energy Storage
3 Technical Data and Manufacturing Plants Analysis of Battery Energy Storage
4 Global Battery Energy Storage Overall Market Overview
5 Battery Energy Storage Regional Market Analysis
6 Global 2013-2018E Battery Energy Storage Segment Market Analysis (by Type)
7 Global 2013-2018E Battery Energy Storage Segment Market Analysis (by Application)
8 Major Manufacturers Analysis of Battery Energy Storage
9 Development Trend of Analysis of Battery Energy Storage Market
10 Battery Energy Storage Marketing Type Analysis
11 Consumers Analysis of Battery Energy Storage
12 Conclusion of the Global Battery Energy Storage Market Professional Survey Report 2017
Inquire more about this report at: https://www.themarketreports.com/report/ask-your-query/1228275
The Market Reports
We aim to provide the best industry and market research report to a seeker. Today, ‘The Market Reports’ is a one stop destination for all the report buyers. We have a collection of over 700,000+ research, company, market, SWOT, trends and analysis reports of various countries, categories and domain to meet an organization need.
Website: https://www.themarketreports.com/
Write us at sales@themarketreports.com
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Shirish Gupta
Tel: +1-631-407-1315
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The Market Reports
Shirish Gupta
Tel: +1-631-407-1315
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results