MRO Magazine

Technavio Says Demand for Grid Energy Storage Will Boost the Lithium-ion Battery Market for ESS in the APAC Region through 2019


June 19, 2015
By Business Wire News

LONDON

Technavio has published a new report on the lithium-ion battery market for ESS in the APAC region, which is expected to grow at a CAGR of around 17% from 2015-2019.

About the Report

The market research report pinpoints the increasing demand for Li-ion batteries in grid energy storage due to rising fluctuations in the supply of, and demand for electricity. Li-ion batteries store excess power and make this stored power available during peak demand.

“Several governments in APAC countries are planning to increase renewable energy generation and boost deployment of smart grids to support renewable energy reliability through investing in electric vehicle infrastructures,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes integration of ESS with micro-grids. Micro-grids need ESS to deal with variations in power generation from renewable power plants by allowing energy generation at one time and consumption at another.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the lithium-ion battery market for ESS in the APAC region from 2015-2019. To calculate the market size, the report considers the overall Li-ion battery-based ESS installations across the region including Li-ion technologies such as LiFePO4, LTO, and LiPo.

Key Information Covered in the Report:

  • Key Vendors:
    • A123 Systems
    • BYD
    • Kokam
    • LG Chem
    • Panasonic Corp.
    • Samsung SDI
  • Market Growth Drivers:
    • Increased Demand for Li-ion Batteries in Grid Energy Storage
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Integration of ESS with Micro-grids
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the lithium-ion battery market:

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

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