Dublin, March 23, 2018 (GLOBE NEWSWIRE) -- The "Global Energy Storage Market Outlook, 2018" report has been added to ResearchAndMarkets.com's offering.
The energy storage market is being swept by a wave of disruptive technologies and business models with companies looking to capitalise on this lucrative market. Deep understanding of the BESS technologies is currently a roadblock to its widespread adoption.
Companies should embrace technologies such as energy storage virtual power plants to not only reduce the demand charges during the peak demand period but also offer a revenue generation opportunity by participating in the utilities' DR programs and other load-balancing programs.
Integration of innovative business models and multiple revenue streams such as revenue stacking must be adopted by the storage providers to tap the full potential while enhancing the attractiveness of the energy storage solutions. This outlook deliverable highlights the key trends in the energy storage industry for the year 2018.
It covers alternative energy storage technologies such as thermal energy storage (TES), flywheel energy storage (FES), compressed air energy storage (CAES), and supercapacitors and batteries that are used for renewable energy storage, as well as in consumer, industrial, and electric vehicles.
It provides the technology forecast, applications, and regional trends (Asia-Pacific, Europe, and North America), along with key government initiatives, value chain analysis, and emerging companies in the energy storage domain.
Some of the trends include the following:
- Total installed capacity will grow 15.9% between 2017 and 2018
- Molten salt thermal storage market will dominate in 2018
- Flow batteries will provide strong competition for lithium ion in battery energy storage applications
Key Growth Opportunities include:
- Innovations in current offerings and expansion of product offerings
- Innovative business models and multiple revenue streams
- Mergers and acquisitions and geographic expansion
- Rise of wearable technologies and thin film batteries
Some of the key companies in this market include:
Project Developers: AES, Younicos, NEC Energy Solution, Greensmith Energy, S&C Electric, LG CNS, Advanced Microgrid, Convergent Power+Energy, Duke Energy, Tesla, Nextra Energy.
BESS Technology Providers: Redflow, NGK Insulators, BYD, Sumitomo, Tesla, Samsung SDI, LG Chem, Kokam, Fiamm, Saft, NEC, Panasonic.
Power Electronics Suppliers: ABB, Acme Electricity Corporation, Alfen, Eugana Technologies, Clean Energy Storage, LG CNS, GE, Parker Hannifin, Princeton Power Systems, Schneider, Dynapower, Eaton, S&C Electric, Bosch, SMA.
Software Solutions: Stem Inc, Greencharge, Greensmith Energy, Geli Fluence, JLM Energy, Sunverge, Advanced Microgrid Solutions Inc.
Utilities: Consolidation Edison Company of New York, Duke Energy, EDF, Enel, National Grid, E.On, San Diego Gas & Electric, Hawaiian Electric Company, Korea Electric Power Corporation, Kyushu Electric Power Company, Pacific Gas & Electric, Southern California Edison, Terna, Western Power.
Key Topics Covered:
1. Executive Summary
- Energy Storage Market Predictions for 2018
- Global Energy Storage Technologies Forecast for 2018
- Top 6 Attractive Countries in 2018-Total Installation Forecast of Energy Storage Projects
2. Research Scope and Segmentation
- Research Scope
- Market Definition and Segmentation
3. 2018 Industry Outlook-Alternative Energy Storage Technologies: Market Overview
- Key 2018 Alternative Energy Storage Systems Market Predictions
4. Alternative Energy Storage Technologies-Technology Trends
- Alternative Energy Storage Technologies Lifecycle
- Key Technology Trends and Market Watch for 2018
- TES Technology
- CAES Technology
- Flywheel Energy Storage Technology
- Supercapacitors
- New Technologies-Advanced Rail Energy Storage (ARES)
5. Alternative Energy Storage Technologies-Regional Analysis
- Global Alternative Energy Storage Technologies Forecast for 2018
- Regional Trends-North America
- Regional Trends-Europe
- Regional Trends-APAC
6. Alternative Energy Storage Technologies-Application Analysis
- Alternative Energy Storage Technologies-Applications
- ESS Business Model Developments
7. 2018 Industry Outlook-BESS Market Overview
- Key Battery Market Trends for 2018
8. Battery Energy Storage Systems (BESS)-Market Analysis
- Market Size and Growth-Residential, Non-residential, and Utility Scale
- Market Forecast-Grid-scale Battery Energy Storage Systems
9. Battery Energy Storage Systems (BESS)-Regional Analysis
- 2017 Geographic Segmentation-Grid-scale BESS
- 2018 Geographic Segmentation-Grid-scale BESS
- Regional Trends-APAC
- Regional Trends-Europe
- Regional Trends-North America
- BESS Global Market Attractiveness
10. Battery Energy Storage Systems (BESS)-Technology Spotlight
- Technology Spotlight
- Battery Energy Storage Technology Trends
- Key Technology Trends
11. Battery Energy Storage Systems (BESS)-Global Policies
- Storage Market Policies-Global Incentives
12. 2018 Industry Outlook-Battery Storage: Consumer, Industrial, and EV Applications
- Battery Storage Trend for Consumer, Industrial, and EV Applications
- Li-ion Device Batteries-Are They Safe?
- Market Size and Growth-Consumer and Industrial
- EV Battery Market Size and Growth
13. Battery Storage-Consumer, Industrial, and EV Applications: Regional Analysis
- Regional Trends-APAC
- Regional Trends-Europe
- Regional Trends-North America
14. Growth Opportunities and Companies to Action
- Growth Opportunity 1-Emerging Business Models
- Growth Opportunity 2-Investment/M&A
- Strategic Imperatives for Success and Growth-Critical Success Factors for Growth of ESS Technologies Across Regions
15. Value Chain-Alternate and Battery Energy Storage System
- BESS Value Chain
- Flywheel Storage Stakeholders
- Thermal Energy Storage Stakeholders
- Compressed Air Energy Storage Stakeholders
- Supercapacitors Energy Storage Stakeholders
- Companies to Watch-New Product/Technology/Service Launches in 2018
16. Key Conclusions
- Key Conclusions and Future Outlook
- Legal Disclaimer
17. Key Economic Trends
- Top 2017 Economic Trends
- Top 2018 Economic Predictions
- Top 2018 Predictions-Advanced Economies
- Top 2018 Predictions-Emerging Market Economies
- World GDP Growth Snapshot
- World's 20 Fastest Growing Economies in 2017 and 2018
18. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/wzsf98/global_energy?w=12