The advanced battery energy storage systems market is being driven by an increase in the number of grid stability ESS projects that provide ancillary services, as well as the increasing intermittency of variable renewable energy sources such as wind and solar are driving the demand for large scale battery storage systems.
Advanced batteries are the upgraded version of existing batteries or new technology batteries with higher efficiency and cheaper unit cost. Advanced Batteries are batteries that are small, cost less, charge faster, and last longer than traditional lead batteries. Commercial implementation, however, has been non-existent due to its small, non-standard size until now.
Applications of Advanced Battery Energy Storage Systems:
This product will be delivered within 5-7 business days.
Drivers:
- Decreasing the prices of advanced batteries has increased their applications in energy storage
- Increasing demand for uninterrupted power supply in data centers, telecommunications, etc
- Solar plus storage is becoming increasingly popular in the residential market
- Time-shifting avoids high tariffs on electricity by utilizing stored energy at times of the day when electricity use is at its highest
Advanced batteries are the upgraded version of existing batteries or new technology batteries with higher efficiency and cheaper unit cost. Advanced Batteries are batteries that are small, cost less, charge faster, and last longer than traditional lead batteries. Commercial implementation, however, has been non-existent due to its small, non-standard size until now.
Applications of Advanced Battery Energy Storage Systems:
This product will be delivered within 5-7 business days.
Table of Contents
1. Executive Summary2. Research Scope and Methodology
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1. Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Analysis of Covid-19 Impact
3.5 Market Opportunities
3.6 Market Size and Forecast
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By Technology
5.1.1 Lithium-Ion
5.1.2 Sodium Batteries
5.1.3 Flow Batteries
5.1.4 Solid State Batteries
5.1.5 Others
5.2 By End-Use
5.2.1 Residential
5.2.2 Non-Residential and Utilities
5.2.3 Others
6. Regional Market Analysis
6.1 North America
6.2 Europe
6.3 Asia-Pacific
6.4 South America
6.5 Middle East & Africa
7. Key Company Profiles
7.1 BYD Co. Ltd
7.2 Contemporary Amperex Technology Co. Limited
7.3 Tianjin Lishen Battery Joint-Stock Co., Ltd.
7.4 Exide Industries
7.5 GS Yuasa Corporation
7.6 Clarios
7.7 LG Chem Ltd
7.8 Panasonic Corporation
7.9 Samsung SDI Co. Ltd
7.10 Tesla
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
List of Tables & Figures
Abbreviations
Additional Notes
Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- LG Chem Ltd.
- Tesla Inc
- SAFT
- Siemens Energy AG
- Panasonic Corporation
- ESS Inc.
- Fluence Energy Inc
- General Electric
- BYD Company Ltd.
