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Energy Storage Battery Market 2018 - Quantitative Market analysis, Current Industry Trends


The global energy storage battery market size was valued at USD 3.19 billion in 2017. The global battery energy storage market is growing, owing to the increasing production of electricity. – PowerPoint PPT presentation

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Title: Energy Storage Battery Market 2018 - Quantitative Market analysis, Current Industry Trends

Global Energy Storage Battery Market Size 2017
  • By Type (Lithium Ion Battery, All-Vanadium Flow
    Battery, Zinc-Bromine Flow Battery, Others), by
    Application (Utility Solution, Residential
    Solution, Non-Residential), By Region and
    Forecast 2018 to 2025

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Global Energy Storage Battery Market Size And
Forecast, 2013-2025
  • The Global Energy Storage Battery Market size is
    projected to be worth USD 7.99 billion by 2025
    driven by the increasing need for reliable and
    flexible smart grid systems. Energy storage
    deployments have increased significantly over the
    past few years in conformity with the smart city
    initiatives, thus, driving the demand for smart
    power grids. This initiative has received
    overwhelming support from the regulatory bodies
    of various nations across the world. In 2015,
    abiding with the state policies, the US energy
    storage market expanded three times than the
    previous year due to increasing installations in
    residences. However, this is miniscule compared
    the total energy produced in the country. This
    implies the availability of tremendous
    opportunities for the energy storage market in
    the near future. Based on our study, the US
    battery energy storage market is estimated to be
    worth USD 5.09 billion by 2025.
  • Similarly, the adoption for grid technology to
    store generated electricity across borders has
    increased. Initiatives by governments to reduce
    the losses incurred due to the loss of
    electricity generated coupled with initiatives
    for electrification, especially in developing
    countries, is expected to drive the demand for
    energy storage batteries. Electricity storage is
    anticipated to play a crucial role as an enabler
    in the next phase of the energy transition.
  • Browse the complete report on _at_

Global Energy Storage Battery Market Size And
Forecast, 2013-2025
  • Energy storage batteries help in rapid
    decarbonization in segments where these systems
    are used. In the transport sector, usage of
    battery energy storage in electric vehicles (EVs,
    HEVs and PHEVs) has been improving rapidly and
    the trend is anticipated to continue over the
    forecast period. Batteries are being increasingly
    installed in homes as they help in providing
    socio-economic benefits with fewer power outage
    interruptions. This scenario holds weightage
    despite the dependency of a home on electricity
    grid and/or renewable energy. In fact,
    installations of residential energy storage
    battery is expected to increase rapidly over the
    next seven years at an anticipated CAGR of 50.1
  • Lithium-ion, vanadium redox flow, and
    zinc-bromine flow are some of the widely used
    energy storage batteries across various
    industries. The usage of each of these battery
    types is determined by numerous factors such as
    energy density, discharge cycles, and maintenance
    among other factors. Batteries such as
    lithium-ion are used widely in consumer
    electronics, whereas vanadium redox flow
    batteries are installed in applications requiring
    multitudes of uninterrupted power supply such as
    a manufacturing area/district within a city.
  • North America dominated the global energy storage
    battery market with 609.9 MW installed in 2017.
    The region is expected to be a leader within the
    global market over the forecast period. On the
    other hand, Asia Pacific which accounted for
    36.7 of the total installations in 2017 is
    likely to witness the fastest growth up to 2025
    due to huge investments made by various
    governments in this sector to integrate
    sustainable energy storage solutions.
  • The competitive landscape of the global energy
    storage battery market is marked by the presence
    of players catering to consumers locally as well
    as internationally. Companies including NGK
    Insulators Ltd., Sungrow-Samsung SDI Energy
    Storage Power Supply Co., SMA Solar Technology
    AG, Aggreko, SOCOMEC, ABB, AEG Power Solutions,
    Tesla Energy Operations Inc. (SolarCity), and ZEN
    have a broader presence within the global market.

Key segments of the global energy storage battery
  • Type Overview, 2013-2025 (USD Million) (MW)
  • Lithium-ion battery
  • All-vanadium flow battery
  • Zinc-bromine flow battery
  • Others
  • Application Overview, 2013-2025 (USD Million)
  • Utility solution
  • Residential solution
  • Non-Residential solution

Key segments of the global fitness equipment
  • Regional Overview, 2013-2025 (USD Million) (MW)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Purchase a single user copy of the global Energy
    Storage Battery
  • market report _at_ https//www.adroitmarketresearch.c

About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
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