1. Market Research
  2. > Energy & Environment
  3. > Energy Technology
  4. > Battery Market Trends
  5. > Global Utility-scale Grid-connected Battery Energy Storage Systems Market

Global Utility-scale Grid-connected Battery Energy Storage Systems Market

  • July 2015
  • -
  • Frost & Sullivan

Summary

Table of Contents

Global Utility-scale Grid-connected Battery Energy Storage Systems Market : High Growth in Utility-scale Grid-connected Solutions

The battery energy storage system (BESS) market is poised to enter a period of dynamic growth on a global level. In the markets for utility-scale grid-connected solutions, commercialisation will begin to accelerate after 2017 with the subsequent years bringing huge opportunities for companies that have the technological capabilities to compete.

Rapid growth in variable renewable energy generation and new regulatory policies governing performance criteria for their interconnection with the grid are driving the demand for grid-modernisation, with BESS being a key enabler of growth due to its flexibility and versatility. The period of study is 2014 to 2024.

Key Findings

Rapid growth in variable renewable energy generation globally, particularly wind and Photovoltaics (PV), and new regulatory policies governing performance criteria for their interconnection with the grid are driving the demand for grid-modernisation through rapid response storage technologies such as Battery Energy Storage Systems (BESS)

-Battery storage has the ability to provide flexibility to the grid across a variety of end-use applications, however, current core drivers to the adoption of the technology is its ability to provide distributed, variable renewable energy firming and energy time-shift, along with rapid short-term electricity balancing for ancillary markets.

- Due to the rapid development of associated battery markets for Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), consumer electronics, and wearable products (e.g. mobile phones) and the resulting substantial growth in technological development, manufacturing capacity, and cost reductions, battery technology is currently one of the most promising distributed storage options for future commercialisation.

- The market is in its very early stages of development, and there are still significant challenges that need to be overcome for the technology to grow.
- Significant strides have been made in technological advancements, along with substantial growth in manufacturing in response to associated demand markets, resulting in price reductions and growing policy support in core markets

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
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Advanced Materials for Advanced Batteries and Fuel Cells: Technologies and Global Markets

Advanced Materials for Advanced Batteries and Fuel Cells: Technologies and Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Gain insight into the market dynamics of advanced battery and fuel cell technologies in terms of market value, number of units shipped and types of materials used. - Identify leading ...

Lithium Ion Battery Market by Type, Power Capacity, Industry, and Geography - Global Forecast to 2022

Lithium Ion Battery Market by Type, Power Capacity, Industry, and Geography - Global Forecast to 2022

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

“Lithium ion battery market expected to exhibit significant growth potential between 2016 and 2022” The lithium ion battery market is expected to grow at a CAGR of 16.6% between 2016 and 2022 to be ...

Flexible Battery Market by Type, Printed, Curved), Chargeability, Application - Global Forecast to 2022

Flexible Battery Market by Type, Printed, Curved), Chargeability, Application - Global Forecast to 2022

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

“Global flexible battery market to exhibit significant growth potential between 2016 and 2022” The flexible battery market is expected to grow at a CAGR of 46.6% between 2016 and 2022 to reach USD ...


Download Unlimited Documents from Trusted Public Sources

The future of the Battery Industry in China

  • April 2017
    25 pages
  • Lithium-Ion Bat...  

    Rechargeable Ba...  

    Battery  

  • China  

    Asia  

    World  

View report >

The future of the Battery Industry in India

  • April 2017
    3 pages
  • Powertrain  

    Battery  

    Electric Vehicl...  

  • India  

    Asia  

View report >

Fuel Cell Industry in the US

  • April 2017
    15 pages
  • Fuel Cell  

  • United States  

View report >

Battery Supply

23 days ago

Global Battery Supply

1 month ago

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

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