Press release
Energy Storage Battery Market 2018 Global Analysis by Key Players are NGK Insulators Ltd., Sungrow-Samsung SDI Energy Storage Power Supply Co., SMA Solar Technology AG, Aggreko, SOCOMEC, ABB, AEG Power Solutions
Energy Storage Battery
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The adoption of grid technology and the rising demand for electricity generation around the world has majorly driven the overall proliferation of the global energy storage battery market. The deployment of energy storage batteries is witnessing a monumental rise in residential energy storage market. Residential building and private households installing solar technology is becoming wide spread phenomenon, which has positively affected the global energy storage systems market.
The global energy storage battery market is analyzed based on the drivers, restraints, trends, industry value chain analysis. The value chain has been provided by covering the key stages.
Energy storage batteries which includes lithium-ion, vanadium redox flow, and zinc-bromine flow are some of the widely used batteries across various industries determined by factors such as energy density, discharge cycles, and maintenance among other factors. Batteries such as lithium-ion are used in smaller applications such as consumer electronics, whereas vanadium redox flow batteries are utilized in applications requiring multitudes of uninterrupted power supply such as a manufacturing area within a city. Lithium-ion held the largest market share due to the high demand from consumer electronics industry. The rising trend of electric vehicles to address the issue of exhaustion of fossil fuels, is also driving the demand for lithium-ion battery market.
Geographically, North America was the largest energy storage battery market in 2017 and is expected to continue its forward momentum during the forecast period. However, Asia Pacific is likely to witness the fastest growth up to 2025 due to the huge investments by various governments to integrate sustainable energy storage solutions.
Read more details of Global Energy Storage Battery market report at: https://www.adroitmarketresearch.com/industry-reports/energy-storage-battery-market
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 among others have a broader presence within the global market
Key segments of the global energy storage battery market
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) (MW)
• Utility solution
• Residential solution
• Non-Residential solution
Regional Overview, 2013-2025 (USD million) (MW)
• North America
o US
• Europe
o United Kingdom
o Ireland
o Spain
o Italy
o France
o Germany
• Asia Pacific
o South Korea
o Japan
o India
o Australia
• Latin America
o Brazil
o Mexico
o Chile
o Rest of Latin America
• Middle East & Africa
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s 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.
Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414
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