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.
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
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Energy Storage
Source: GlobeNewswire
(March 23, 2018 - 7:26 AM EDT)
