openPR Logo
Press release

Asia Battery Energy Storage Market Opportunity Analysis

06-28-2017 01:48 PM CET | Energy & Environment

Press release from: Kuick Resarch

Across the world, efforts are underway to improve the way to store and distribute energy, as electricity generation mix is shifting towards more sustainable but intermittent forms of energy generation, such as wind and solar power. The rapid growth in variable renewable energy is catalyzing efforts to modernize the electricity system. At high levels of penetration, variable renewable energy increases the need for resources that contribute to system flexibility. This ensures that system stability is maintained by matching supply and demand of electricity. Battery storage is one of the options for enhancing system flexibility in these circumstances by managing electricity supply fluctuations. Battery storage can also increase local penetration and self-consumption from small solar PV facility installed at commercial facilities and at households.

Asian countries that include some of the highly industrialized and geographically vast sized ones are pushing for massive growth in the electricity generation capacity from renewable sources. Deployments of renewable based power generation projects have gained momentum across the region. The integration of most of those generating facilities with battery based energy storage system has opened the most important market for batteries along with reinforcing the role of renewable energy in electricity generation mix of any country. The massive capacity addition targets in almost all the countries in the region will obviously need more BESS as more such renewable electricity generation facilities will be required to integrate with the electric grid.
The number of grid connected renewable electricity generation plants is increasing exponentially and is projected to increase continuously in at least two decades across the region particularly in China, India, Japan, South Korea and Philippines. As a result the need for frequency regulation in the electric grid to accommodate the intermitted generation from solar or wind power plants will also grow. The current trends of using battery based energy storage have already eliminated the need of having spinning reserves for emergency power backup. Large sized battery energy storage systems are likely to replace a majority of existing spinning reserves in the form of gas or diesel generation sets by 2022 and by 2025 the energy storage systems with the electric utilities will be battery only. Frequency response is likely to represent the largest share of applications of BESSs in terms of storage capacity in the coming years. Grid frequency regulation and renewable integration andndash; these two main areas of applications of BESEs are estimated to occupy more than three-fourth of market leaving the rest for off-grid electricity, residential and electric vehicles.

Download Report:

https://www.kuickresearch.com/report-asia-battery-energy-storage-market-opportunity-analysis.php

Four Asian countries andndash; Japan, China, South Korea and Taiwan are already home to several leading battery manufacturers. In fact, some of them are included among the top 10 battery making companies in the world. As per all projections Asian market for battery energy storage systems is going to share the largest segment. At present, the entry of foreign battery suppliers is quite difficult in South Korea, Japan or China due to limited size and presence of large number of domestic suppliers. But as the market is poised to expand substantially more foreign investments are very like to flow in Asia including these three countries.

Batteries are already facilitating the transition towards a renewables-based power system in islands, rural areas and local households. Various projects across the region have also demonstrated that batteries are capable of supporting such a transition in larger interconnected networks. In order to achieve sustainable growth in Asia that is the home of over 45% of world population, renewable energy is the future. In order to serve renewable energy the purpose for which it is deployed, BESS is as necessary as the generation system. This is going to have a big impact on the electricity generation mix along with opening a new avenue of enormous potential for economic growth.

“Asia Battery Energy Storage Market Opportunity Analysis” Report Highlights:

* andbull; Asia Battery Storage Market Analysis by Country
* andbull; Current Market Scenario and Trends
* andbull; Battery Energy Storage System Overview
* andbull; Technological Aspects of Battery in Energy Storage System
* andbull; Asia Battery Energy Storage Future Outlook by Countries

Kuick Research is a market research and analytics company that provides targeted information for critical decisions at business, product and service levels. We are quick, predictive and known by the recommendations we have made in the past. Our result-oriented research methodology offers understanding of multiple issues in a short period of time and gives us the capability to keep you full with loads of practical ideas. By translating research answers into strategic insight and direction, we not only rate the success potential of your products and/or services, but also help you identify the opportunities for growth in new demographies and find ways to beat competition.

Neeraj Chawla
neeraj@kuickresearch.com
KuicK Research
Avanta Business Center 4th Floor,
Statesman House Barakhamba Road,
Connaught Place New Delhi – 110 001, India
+91-11-47067990

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 Asia Battery Energy Storage Market Opportunity Analysis here

News-ID: 600253 • Views:

More Releases from Kuick Resarch

Lumakras Drug Clinical Insight and Sales Forecast 2026
Lumakras Drug Clinical Insight and Sales Forecast 2026
"Lumakras Drug Clinical Insight and Sales Forecast 2026" Report Highlights: * NSCLC Targeting Lumakras Market Opportunity (US$ Million) * Colorectal Cancer Targeting Lumakras Market Opportunity (US$ Million) * Pharmacokinetics of Lumakras (Sotorasib) * Dosage, Patent and Price Analysis * Lumakras Ongoing Clinical Trials * Global KRAS Protein Inhibitors Clinical Trials Download Report: https://www.kuickresearch.com/report-lumakras-sotorasib-sales-forecast-fda-approved-kras-inhibitor-clinical-trials-non-small-cell-lung-cancer-nslc-g12c-mutation-c30h30f2n6o3-ras-gtpase The rising burden of cancer and the increasing cancer mortality rates possesses an unmet need for the development of novel therapies in the management
Global EZH2 Inhibitor Market Opportunity, Sales and Clinical Trials Insight 2026
Global EZH2 Inhibitor Market Opportunity, Sales and Clinical Trials Insight 2026
"Global EZH2 Inhibitor Market Opportunity, Sales and Clinical Trials Insight 2026" Report Highlights: * Global EZH2 Inhibitor Market Opportunity > US$ 1.2 Billion by 2026 * Tazverik (Tazemetostat) First Approved EZH2 Inhibitor Drug * Dosage, Price and Sales Analysis of Tazverik * Tazverik Sales Opportunity > US$ 900 Million by 2026 * Tazverik Sales Forecast 2021 Till 2026 * EZH2 Inhibitor Clinical Pipeline Overview By Company, Indication and Phase * EZH2 Inhibitor in Clinical Trials: 7 Drugs Download
Global Bispecific Antibody Market Opportunity, Drug Sales, Price and Clinical Trials Insight 2028
Global Bispecific Antibody Market Opportunity, Drug Sales, Price and Clinical Tr …
"Global Bispecific Antibody Market Opportunity, Drug Sales, Price and Clinical Trials Insight 2028" Report Highlights: * Global Bispecific Antibody Market Opportunity: > US$ 20 Billion * Global Bispecific Antibody Market Growth Rate: 100% CAGR (2016 -2021) * Approved Bispecific Antibodies In Market: 4 Antibodies * Detailed Market Sales and Trends Insight Till 2028 * Quarterly and Yearly Sales Insight Of Approved Antibodies Till Q1 2022 * Global and Regional Market Analysis * Approved Drug Sales
Global Fibroblast Growth Factor Receptor Inhibitor Drug Market Opportunity and Clinical Trials Insight 2026
Global Fibroblast Growth Factor Receptor Inhibitor Drug Market Opportunity and C …
"Global Fibroblast Growth Factor Receptor Inhibitor Drug Market Opportunity and Clinical Trials Insight 2026" Report Highlights: * Global FGFR Inhibitors Market Opportunity: > USD 4 Billion by 2026 * Role of FGFR Inhibitors in Cancer Therapy * Global FGFR Market Assessment (US$) by Region and Cancer Type Clinical and Sales Insight on Approved FGFR Inhibitors: 3 (Belvesra, Pemazyre and Truseltiq) * Dosage and Drug Price Insight on Approved FGFR Inhibitors * Comprehensive Clinical Trials Insight

All 5 Releases


More Releases for Asia

South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the