1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends

Business Case Analysis for Energy Storage Systems for Utilities in Asia-Pacific

  • September 2014
  • 56 pages
  • Frost & Sullivan
Report ID: 2361185

Summary

Table of Contents

Evolving Landscape of Power Generation and Supply Management will Encourage Deployment of ESS at Grid Level

This study covers the factors that will drive the adoption of ESS at grid level in countries such as Australia, China, India, Japan, and South Korea. The study also comments on the present and upcoming storage technologies that will be commercially viable for energy storage at grid and power utilities level. The study evaluates different applications which are practically viable and beneficial and business case analysis is done for projects and applications that can be commercialized in the Asia-Pacific region.

Executive Summary
-Energy Storage Systems (ESS) is seen as a next level of up gradation in smart grid technologies by Asian power utilities after implementation of distribution automation and distributed generation.
-Energy efficiency of current technologies, long response time of utilities, and policy barriers at local and national level has held the progress of ESS at grid and utility levels in Asia-Pacific (APAC).
-Acceptance of ESS will take place slowly by utilities not just because better technologies have arrived but also because there is a certain push from the demand side and the whole landscape of power generation is evolving from centralized to distributed to prosumer or demand side generation.
-Different electrochemical technologies such as Li-ion, Valve Regulated Lead Acid (VRLA), and Ultra batteries will find its application across the supply and generation networks of the power utilities in APAC. However, Li-ion will have the highest demand in APAC across different applications due to its better performance and maturity of technology.
-Power utilities, grid owners, and power consumers in APAC will majorly deploy ESS for improving power reliability, renewable energy integration, and to reduce the cost of power generated through expensive fuels such as diesel.
-Still the biggest challenges restraining deployment of ESS at grid level are high costs, poor system designing, and lack of understanding about the concept of storage as a whole.
-Most of the ESS projects in APAC at grid or utility level are partially or fully funded by government or a third party to either make the project commercially viable or to evaluate feasibility of different storage technologies.
-Subsidies over % on the capital expenditure of ESS will be required at this point of time to make most of the ESS projects practically feasible for applications such as renewable integration, micro grid, and transmission and distribution (T&D) deferral.

Scope of the Study
-Only emerging and upcoming storage technologies have been considered for this study. Pumped Hydro Storage (PHS) and In-Ground Compressed Air Energy Storage (CAES) technologies, though profitable, have not been considered for this study.
-The study contains a view of different industry participants which are power utilities, energy storage system integrators, battery OEMs, energy storage systems (ESS) consultants, and government advisors.
-Cost analysis for different technologies is done for a particular size of the project. Each and every part of installation cost of ESS and operational expenditure (OPEX) is not covered due to limited data availability in the market. However, project costs are normalized on the basis of known costs of other projects. Commercial viability of the project is decided on the basis of payback period and life-cycle of energy storage technology.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Microgrid Market by Offering, Connectivity, Grid Type, Vertical & Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The microgrid market is likely to grow at a CAGR of 12.45% between 2016 and 2022” The microgrid market was valued at USD 16.58 billion in 2015 and is expected to reach USD 38.99 billion by 2022, at ...

The 2018-2023 World Outlook for Microgrid Energy Storage Systems

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for microgrid energy storage systems across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings ...

Virtual Power Plant Market by Enabling Technology (Demand Response, Distributed Generation, and Mixed Asset), End-Use Customer (Commercial & Industrial, and Residential) and by Region - Global Trends & Forecasts to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The virtual power plant market is projected to grow at a CAGR of 29.68% from 2016 to 2021” The virtual power plant market is projected to reach USD 709.2 million by 2021, at a CAGR of 29.68% from ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.