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Global Market Report on Grid-Scale Electricity Storage Technologies

For more information kindly visit : https://www.bharatbook.com/alternative-renewable-market-research-reports-339012/grid-scale-electricity-storage-technologies-global.html Bharat Book Bureau provides the report, on “ Global Market Report on Grid-Scale Electricity Storage Technologies ”. The purpose of this report is to provide a regional assessment of the GSBS market potential, as well as existing and projected future market sizes. The scope of this investigation includes the major viable GSBS technologies that are currently being implemented in the power generation industry.

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Global Market Report on Grid-Scale Electricity Storage Technologies

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  1. Global Report Grid-Scale Electricity Storage Technologies

  2. Summary The global market for grid-scale battery storage technologies reached $637 million in 2014. This market is projected to reach nearly $4.0 billion in 2025 from $716 million in 2015 at a compound annual growth rate of 18.7% for the period 2015-2025. This report provides: -An overview of the global markets for grid-scale electricity storage technologies. -Analyses of global market trends, with data from 2014, 2015, estimnates for 2020 and projections of CAGRs through 2025. -A look at factors influencing growth of the market including a growing share of power generation coming from intermittent renewable energy sources, rising commodity prices, and escalating energy peak demand and price in many economies.

  3. STUDY GOALS AND OBJECTIVES This report goal in conducting this study was to assess and describe the current status and assess the potential growth of the worldwide grid-scale battery storage (GSBS) technology industry and the market for associated storage technologies. More specifically, the study included the following objectives: (1) summarize existing GSBS technologies and promising emerging battery technologies and applications that are under development; (2) evaluate the existing GSBS technology industry, focusing on the manufacturers and providers of major components for viable storage technologies; and (3) assess market potential for GSBS technologies over a five-year period from 2015 through 2020.

  4. REASONS FOR COMPLETING THIS STUDY With the exception of the recent period immediately following the global economic turndown, global demand for electricity is expected to continue to increase through at least the next two decades. However, much of the world’s electricity generation industry is in the midst of a turning point. In support of carbon dioxide (CO2) emissions reduction regulations and industry trends, the electricity generation sector is in the process of transitioning generally away from coal- and oil-fired electricity production, and toward the installation of increasing proportions of renewables. However, many renewable energy resources are intermittent in nature: Solar cells only generate electricity when the sun is shining, and wind turbines only generate power when sufficient wind is blowing. To meet consumer electricity demand, which is often not aligned with available renewable power production capacity, very large-scale energy storage technologies are needed.

  5. The purpose of this report is to provide a regional assessment of the GSBS market potential, as well as existing and projected future market sizes. This is an important scope because GSBS markets vary substantially based on regional characteristics and on the technology in question. Grid-scale battery technologies have been in existence for many decades but are only now coming into prominence as a major energy storage technology due to the increasing renewable energy generation sources. GSBS is considered in this report, as battery technologies are coming of age and are capable of storing sufficient energy to be relevant at the utility scale—with hundreds of megawatts (MWs) of generation capacity. Grid-scale battery technologies come in many different electrochemical formulae combinations. Within this context, this report identifies the basis and installation/market potential for GSBS demand in each global region, within the 2015 to 2025 timeframe.

  6. INTENDED AUDIENCE This study reviews GSBS technologies, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential, and gives an overview of supporting incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of GSBS technologies and components, as well as venture capitalists, entrepreneurs and entrepreneurial companies interested in entering or expanding into the GSBS technology sector. It will also be of interest to corporate planners and strategists, companies involved in the production of batteries, supervisory control and data acquisition (SCADA) control software, and other infrastructure and software required for the implementation of GSBS technologies, as well as other energy efficiency advocacy groups and other public- and private-sector interest groups and market analysts.

  7. SCOPE OF REPORT AND METHODOLOGY The scope of this investigation includes the major viable GSBS technologies that are currently being implemented in the power generation industry. These technologies are implemented to temporarily store electricity during periods of available generation capacity, for subsequent use during periods of increased demand in support of load leveling, grid balancing, and renewable energy integration and intermittent generation balancing. The grid-scale battery storage technologies discussed in this report are increasingly deployed in support of intermittent renewable energy sources, such as solar and wind energy, which frequently generate power outside of peak demand periods. In these cases, GSBS technologies can facilitate delivery of renewable power to end users during periods of high and peak use, in support of utility-level regulations and greenhouse gas (GHG) emissions reduction strategies, which are increasingly common in the global electricity market.

  8. The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry and academic data regarding the projected level of demand for utility-scale electricity storage technologies that could potentially translate into grid-scale battery storage (GSBS) projects. These data were supplemented with an evaluation of major utility electricity storage (UES) and renewable (solar and wind) projects that have been announced or that are currently being proposed. Therefore, this report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this quickly changing market. BCC Research analyzes each major viable grid-scale battery storage technologies, determines their current market status, examines their impact on future markets and presents forecasts of growth over the next ten years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.

  9. METHODOLOGY Both primary and secondary research methodologies were used in preparing this study. Background information, including reviews of each GSBS technology and its implementation status, were collected from government and industry sources. Specific citations and references are provided as needed to support this study, and website links to government and industry studies, white papers, and other relevant information are provided as relevant and available. The report present and historic market trends was conducted primarily via phone interviews and Internet research, relying on personal interviews and available governmental data. Provided internal company data and annual documentation of sales relevant to each GSBS technology were also reviewed in order to prepare market assessments. Based on the results of our surveys and research, BCC Research analyzed the potential applications for each technology, and forecast remaining 2015 sales and sales through 2020.

  10. INFORMATION SOURCES Both primary and secondary research methods were used in preparing this report. BCC Research surveyed more than 64 companies and industry insiders to obtain the data for this study. Included were manufacturers of GSBS technologies, distributors of GSBS technologies, engineering firms involved in the GSBS industry, emerging technology developers, and current and former GSBS project developers, worldwide. Additionally, BCC Research compiled data from current financial and trade information, industry associations, and government sources.

  11. Table of Contents 1: INTRODUCTION 2: SUMMARY 3: OVERVIEW 4: APPLICATIONS FOR ADVANCED BATTERIES IN MICROGRID ENVIRONMENT 5: REGULATORY SUPPORT AND INCENTIVES FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES 6: INDUSTRY STRUCTURE

  12. To view the full Executive Summary and Table of Contents, please visit: Global Report Grid-Scale Electricity Storage Technologies Contact Us:- Phone : +91-22-27810772/73 Email id : info@bharatbook.com Website : www.bharatbook.com Our Blog : https://www.bharatbook.com/blog/

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