openPR Logo
Press release

China Energy Storage Market Growth Analysis 2019 | Eminent Players - A123 Systems, BYD, Hitachi Chemical Advanced Therapeutics Solutions, LLC, Panasonic, Sungrow Power Supply, Dynavolt Renewable Energy, Exide Technologies, Sunwoda Electronics Corp, LG Che

02-08-2019 05:54 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

China Energy Storage Market

China Energy Storage Market

According to the research report by Global Market Insights, Inc., the China Energy Storage Market is anticipated to surpass USD 6 billion by 2024. Rising concerns toward effects of global warming has led to the significant addition of renewables across the electric grid, which will drive the China energy storage market. Additionally, growing adoption of energy storage systems to mitigate the volatility of renewable power generation in the energy mix will further complement the industry landscape.

China energy storage market is set to witness strong growth subject to ongoing investments toward development of smart-grid infrastructure along with upsurge across the ancillary service industry. In 2016, the Government of China announced an investment of over USD 70 billion toward smart grid infrastructure development throughout the decade. The withdrawal of renewable subsidies may hamper the industry growth; however, reducing technology costs is set to compensate for the subsidy losses.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2991

China lithium ion energy storage market will witness growth on account of perpetual decline in technology costs driven by the growing economies of scale for the manufacturers. The key application areas for these batteries include residential solar energy storage, frequency regulation, E-V charging stations, and load shifting among others. Significant coulombic efficiency, low maintenance, and high energy density are some of the key features that will propel the product adoption over its available alternatives.

China Energy Storage Market, By Deployment
• Behind the meters
• Renewable integration
• Ancillary services

China flow vanadium energy storage market is predicted to surpass USD 3 billion by 2024. Rapid response time, long scale duration and ability to provide virtually unlimited storage capacity are some of the major characteristics of the technology which makes it suitable for renewable integration and other large-scale energy storage applications.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2991

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. CATL
2. Shoto
3. Exide Technologies
4. Sacred Sun
5. CLOU Electronics
6. Sunwoda
7. A123 Systems
8. Eastar
9. LG Chem
10. Hitachi Chemical
11. Panasonic Corporation
12. BYD
13. GS Yuasa
14. Shenzhen BAK Technology
15. ZTT
16. Hoppecke
17. Dynavolt

Moreover, the enormous vanadium reserves in the country implies ease of availability, lower prices, and minimal currency risks to the manufacturers, which will fuel the business growth.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/china-energy-storage-market

China ancillary services energy storage market is anticipated to witness robust growth in line with growing requirement for grid resilience primarily driven by incessant substitution of conventional energy with renewable energy. Furthermore, reformative legislative landscape in favor of the nationwide development of ancillary services industry, particularly through the ?Three North Region? Will boost the business growth.

Rising penetration of intermittent energy especially from solar and wind into the national grid will raise the requirement for energy storage system integration to ensure grid stability, which in turn will complement China energy storage market outlook.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release China Energy Storage Market Growth Analysis 2019 | Eminent Players - A123 Systems, BYD, Hitachi Chemical Advanced Therapeutics Solutions, LLC, Panasonic, Sungrow Power Supply, Dynavolt Renewable Energy, Exide Technologies, Sunwoda Electronics Corp, LG Che here

News-ID: 1570793 • Views: 671

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for China

China Attestation
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Energy Drinks in China
ReportsWorldwide has announced the addition of a new report title Energy Drinks in China to its growing collection of premium market research reports. Energy Drinks in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Land Right in China
ReportsWorldwide has announced the addition of a new report title Land Right in China to its growing collection of premium market research reports. Land circulation is a very important policy in China, playing a positive role in promoting the development of modern agriculture. And it will be possible for China to transform from household contract and planting by scattered small farmers in the past to large-scale plant, which has a significant
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
China Blossom Restaurant & Lounge
China Blossom Restaurant & Lounge Debuts in 2011/2012 Zagat (Greater Boston, MA) – Each year the Zagat Survey shares the opinions of thousands of avid consumers, with real experiences, giving people the power to make smart dining decisions. This year, China Blossom Restaurant & Lounge, located in North Andover, MA, made its debut in the newly-released 2011/2012 Zagat Survey. Released on Wednesday, April 27th, 2011, the famed Zagat survey chronicles