openPR Logo
Press release

Global Alternative Electrical Power Storage Market to Reach $423 million by 2016

ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Electrical Power Storage Technologies for Alternative Energy Sources".

Utility-scale power generation has moved beyond the tried and true coal-fired, oil-burning, natural gas, nuclear, and hydroelectric stage. Significant amounts of electric power are generated using generally smaller “alternative” sources like wind, solar, tidal, and geothermal. As these smaller power generation approaches proliferate, the problem of off-peak generation becomes important. What to do at night, or when the wind doesn’t blow, or when it blows too hard? Power system designers must begin to investigate ways to store alternative power so that it can be used when needed.

With this in mind, this report measures and examines the emerging market for utility-scale “alternative electric power storage,” including the use of batteries, fuel cells, capacitive storage, and flywheel energy storage. These storage approaches can be deployed using stationary facilities, mobile arrays, and increasingly, smart grids that can combine a variety of approaches (including banks of parked electric vehicles).

This report also can provide valuable information in terms of assessing investment in specific technologies and, therefore, should benefit investors directly or indirectly. Others may find the broad discussions of energy policy and environmental impact to be of considerable value in understanding the opportunities and problems in the near- to mid-term.

This report is intended to provide a unique analysis of the alternative electrical power storage market and will be of interest to a variety of current and potential alternative energy makers, users, and integrators as well as battery, fuel cell, capacitive energy storage and flywheel energy storage system makers and component makers.

As defined by this report, “alternative electrical power storage” includes approaches that use primarily electric and high speed kinetic approaches as opposed to larger scale kinetic approaches like pumped hydro and compressed air.

This includes:

Batteries (including lead-acid, nickel-based, lithium-based, sodium-sulfur, and redox flow systems)
Fuel cells, which can be powered by hydrogen generated by excess capacity
Flywheel energy storage, which stores excess energy in a high speed rotating kinetic battery
Capacitive energy storage, which uses an electronic rather than an electrochemical approach to storing electrical energy.

As defined by this report, “alternative electrical power storage” refers primarily to power generated by means other than coal, oil, natural gas, nuclear, and hydroelectric (wind, solar, geothermal, and tidal/wave). However, the alternative market is discussed in relation to this established “conventional” market. It should also be noted that many of the energy storage technologies discussed in this report can also be used during conventional power generation for peak shifting.

This report discusses the North American, European, Far Eastern, and Rest-of-World market in terms of units, value, and megawatt capacity. A target market based on optimistic, pessimistic, and consensus alternative energy adoption and power storage potential is provided. This is compared to the conventional power generation target and peak shifting opportunities. The current market is small, mainly limited to pilot projects. By 2016, these pilots will be expanding into commercial implementations. This 2016 market is also characterized in terms of optimistic, pessimistic, and consensus scenarios. Finally, long-term markets prospects (beyond 2021) are discussed in more general terms.

Major utility-scale alternative electrical power companies are listed and characterized, and energy storage systems companies and integrators are profiled in detail. Note that there is a significant distinction between the term “alternative power” and the more commonly-used term “renewable energy.”

“Alternative” power is generated using processes beyond commonly-used coal, oil, natural gas, nuclear, and hydropower. “Renewable” energy is generated using processes that do not expend mined or pumped resources -- coal, oil, natural gas, and nuclear. However, in addition to all the alternative fuels, “renewable” also includes hydropower.

The global alternative electrical power storage market in 2011 will be worth more than $325 million, including more than $236 million worth of electrochemical batteries. This market is expected to grow at a compound annual growth rate (CAGR) of 5.4% between 2011 and 2016 under a consensus scenario resulting in a $423 million global market in 2016, including $322 million worth of electrochemical batteries.

Analysts anticipate a $175 million wind power market and a $147 million solar power market in 2011 under a consensus scenario. An optimistic but still possible scenario could see a wind power market worth more than $240 million by 2016, reflecting a 7% compound annual growth rate (CAGR).

In 2011, researchers forecast much larger fuel cell systems will be shipped. This sector is estimated at $25 million in 2011 and is expected to increase at a 12% compound annual growth rate (CAGR) to reach $44 million in 2016.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/Electrical-Power-Storage-Technologies-for-Alternative-Energy-Sources.html

Electronics.ca Publications is a world-class research network and publishing company whose focus is technology and market research for the electronics industry. Our network spans dozens of areas of electronics expertise, and taps the knowledge of researchers and analysts internationally. We deliver critical information on the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets.

3551 St-Charles Blvd., Suite 558
Kirkland, QC
H9H 3C4

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 Global Alternative Electrical Power Storage Market to Reach $423 million by 2016 here

News-ID: 177050 • Views: 1408

More Releases from Electronics.ca Publications

Robotic Market To Reach Reach $171.7 Billion By 2020
ELECTRONICS.CA PUBLICATIONS announces the availability of a new study "Robotics Market Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020?. The 2014 study has 1191 pages, 607 tables and figures. Worldwide robotics markets are increasingly diversified, poised to achieve significant growth as every industry segment adopts mobile automated process new companies get more businesses test for substance abuse. The robots are taking over, they have remote control to control a device
Home Security Solutions Market Worth $34.46 Billion by 2017
MONTREAL, June 14, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Home Security Solutions Market - Global Forecast and Analysis 2012 -2017". Security, as such, is becoming a huge market worldwide; mainly due to the rising crime rates in different parts of the world. As a result, the electronic security equipments are expected to find potential opportunities in this market.
HUD Market Size Estimated to Reach $2.91 Billion by 2017
MONTREAL, June 6, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Head-Up Display (HUD) Market 2012-2017 Global Forecast and Analysis By Technologies, Components and Applications". The Head-up display market report categorizes the global HUD market on the basis of them being used in various components, technology, applications, geographical analysis; forecasting revenue and analyzing trends in the market. The global head-up display
Global Quantum Dots (QD) Market worth of $7480.25 Million by 2022
MONTREAL, May 21, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the release of a comprehensive global report on Quantum Dots market. According to the report titled, "Quantum Dots (QD) Market - Global Forecast & Analysis 2012 - 2022" the total market for Quantum dots is expected to reach $7480.25 million by 2022, at a CAGR of 55.2% from 2012 to 2022. Quantum Dots (QD) is

All 5 Releases


More Releases for Power

Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Biogas Power Plants Market
This report studies the global Biogas Power Plants market, analyzes and researches the Biogas Power Plants development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Wartsila FI Air Liquide FR EnviTec Biogas AG DE Scandinavian Biogas SE PlanET Biogas Global DE Gasum Oy FI Ameresco, Inc US Agrinz Technologies AT? SP Renewable Energy Sources IN Beijing Sanyi Green Energy Development CN? Quadrogen CA IES BIOGAS IT? Biofuel
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards