Battery Energy Storage Market for Renewables – Technavio Unveils Trends, Forecast & Growth Prospects

LONDON

Technavio has published a new report on the global battery energy storage market for renewables,which is expected to grow at a CAGR of almost 66% from 2015-2019.

Battery energy storage market segmentation including battery technology and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different battery technologies, including Li-ion batteries, lead-acid batteries, sodium-based batteries, and other batteries.

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

“The increasing demand for Li-ion batteries is compelling manufacturers to adopt next-generation batteries for renewable energy storage. The Li-ion battery market is evolving by adopting high-energy silicon electrodes instead of conventional graphite ones,” says Faisal Ghaus, Vice President of Technavio.

Battery energy storage: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global battery energy storage market for renewables from 2015-2019. To calculate the market size, the report considers the overall energy storage of renewable based on different battery technologies.

Industry analysis includes:

• Key Vendors:
  • A123 Systems
  • AES Energy Storage
  • Axion Power International
  • BYD
  • NGK Insulators
  • LG Chem
  • Saft
  • Samsung SDI
• Market Growth Drivers:
  • Need to mitigate intermittent nature of renewables
  • Rapid growth in smart grid technologies
• Market Challenges:
  • Operational challenges of lead-acid batteries
  • Rising pollution from lead-acid recycling
• Market Trends:
  • Development of next-generation batteries
  • Growing concerns of reducing emissions

View the global battery energy storage market for renewables report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the battery market:

• Global Battery Market for Energy Storage in Telecom 2015-2019
• Global Battery Market for ESS – Market Analysis 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150918005122/en/

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com