China Energy Storage Market Research Findings, Market Growth Factors Analysis and Forecasts 2024

1
China Energy Storage Market Overview, Top Players
Analysis, Business Opportunity and Sales Revenue
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from China Energy Storage Market

• China energy storage market size is set to
  witness robust growth on account of rapidly
  growing ancillary service industry coupled with
  ongoing investments toward smart-grid
  infrastructure development.
• Furthermore, rising deployment of energy storage
  devices aimed toward enhancing the grid stability
  as a countermeasure to the effects of extensive
  penetration of intermittent power from renewables
  will augment the industry size.
• Declining technology costs in conjunction with
  development of new technologies and advancement
  of existing systems will positively influence
  China energy storage market size.
• Lithium ion batteries has witnessed a drop of
  over 50 in per unit cost in last few years and
  will continue to follow the trend. Reformative
  business scenario along with improving economies
  of scale across battery manufacturing industry
  will further stimulate the industry size.

3
China Energy Storage Market Size, By Technology,
2017 2024 (USD Million)

4

Browse Full Market Research Report On China
Energy Storage Market _at_ https//bit.ly/2r0BMJS
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2991 https//www.gminsights.com/request-sample/d
etail/49
5
Continued...

• Shifting focus toward limiting carbon emission to
  curb the consequence of global warming coupled
  with rising implementation of supportive
  legislative endeavors will boost China energy
  storage market growth.
• China flow vanadium energy storage market is
  projected to exceed USD 3 billion by 2024.
  Ability to offer virtually unlimited storage
  capacity, long scale duration, rapid response
  time, and negligible self-discharge are some of
  the key features which make the technology
  suitable for large scale renewable integration
  applications over its available alternatives.
• China lithium ion energy storage market is set to
  witness vigorous growth on account of continued
  reduction in technology costs driven by economies
  of scale across battery manufacturing.
• High energy density, low maintenance and high
  coulombic efficiency are the prominent features
  that will strengthen the product penetration.

6
Industry Coverage

7
Continued...

• China ancillary services energy storage market
  size is projected to witness exponential growth
  owing to rising need for grid resilience and
  stability primarily driven by continued
  substitution of thermal power with renewable
  power sources.
• Additionally, legislative reforms favoring the
  development of ancillary services industry across
  the country, particularly in the Three North
  Region will further enhance the industry
  landscape.
• Notable industry participants across the China
  energy storage market include Dynavolt, CATL,
  Exide Technologies, Shoto, Sacred Sun, Sunwoda,
  CLOU Electronics, A123 Systems, LG Chem, Eastar,
  Hitachi Chemical, BYD, Panasonic Corporation,
  Hoppecke, Shenzhen BAK Technology, ZTT, GS Yuasa
  and Sungrow amongst others.

8
Stay In Touch Website www.gminsights.com Soci
al Media