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Global Battery Energy Storage Market for Renewables to Grow at a CAGR of 65.7% During 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Battery Energy Storage Market for Renewables 2015-2019” research report to their website


Lewes, DE -- (SBWIRE) -- 09/10/2015 -- Report forecast the global battery energy storage market for renewables to grow at a CAGR of 65.7% over the period 2015-2019.

Energy storage is a mechanism for storing electricity during an off-peak period and supplying the stored electricity during an on-peak period. An energy storage system stores the excess electricity, which can be utilized during power shortages, power blackouts, and peak hours of demand. Various technologies such as li-ion, lead-acid, sodium-sulfur, and other advanced battery technologies are available for energy storage. Lead-acid batteries are increasingly being preferred for energy storage because of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership.

The report covers the present scenario and the growth prospects of the global battery energy storage market for renewables for the period 2015-2019. The market has been segmented on the basis of geography and battery technology.

Global Battery Energy Storage Market for Renewables 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers he Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

According to the report, the need to maintain grid stabilization, and transmission and distribution (T&D) deferral along with the awareness of issues pertaining to renewable sources, such as wind and solar PV, is driving the battery energy storage market. In addition, the need for optimizing variable renewables fed into grids and balancing the demand-supply gap boosts the market growth. Energy storage batteries enable efficient power supply to grid and supply shift for variable nature of renewable energy sources. Ancillary services, such as regulation in grid and voltage support with high variable renewable energy share, are explored with an emphasis on short-term regulation at the grid level.

Key regions
- Americas

Key players in the Global Battery Energy Storage Market for Renewables: AES Energy Storage, A123 Systems, Axion Power International, BYD, LG Chem, NGK Insulators, SAFT and Samsung SDI

Other Prominent Vendors in the market are: GE Energy Storage, Mitsubishi Heavy Industries, Amperex, Boston Power, China Avaiation Lithium Battery, Enersys, and Primus Power, Sumitomo Electric, Toshiba and Xtreme Power

Key market driver
- Battery energy storage to mitigate intermittent nature of renewables
- For a full, detailed list, view our report

Key market challenge
- Operational challenges related to lead-acid batteries
- For a full, detailed list, view our report

Key market trend
- Use of li-ion batteries and sodium-sulfur batteries for solar energy storage
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 84 pages "Global Battery Energy Storage Market for Renewables 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Market segmentation by battery technology, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For further information on this report, please visit-

Other report:

1st - Global Automotive Lead-acid Battery Market 2015-2019 - visit at:

2nd - Global Industrial Lead Acid Battery Market 2015-2019 - visit at:

3rd - Global Industrial UPS Market 2015-2019 - visit at:

4th - Global Li-ion battery Market in Transportation sector 2015-2019 - visit at:

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