About Energy Storage Market for Satellites

Energy storage is crucial to proper functioning of satellites and a major requirement in the global satellite industry. In a satellite, energy storage equipment is incorporated with solar PV panels to store energy harnessed by solar panels directly. However, harnessing and storing solar energy is applicable only when batteries are used. Fuel cells and other energy storage technologies are based on chemical reactions; therefore, they do not require solar panels for recharging.

Technavio’s analysts forecast the global energy storage market for satellites to grow at a CAGR of 5.04% during the period 2017-2021.


Covered in this Report
The report covers the present scenario and the growth prospects of the global energy storage market for satellites for 2017-2021. To calculate the market size, the report considers the revenue generated from the energy storage market for satellites.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Energy Storage Market for Satellites 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key Vendors

  • EaglePicher Technologies
  • EnerSys
  • GS Yuasa Lithium Power
  • Mitsubishi Electric
  • Saft



Other Prominent Vendors

  • FastCap Systems



Market Driver

  • Declining Li-ion battery prices
  • For a full, detailed list, view our report




Market Challenge

  • Widening supply-demand gap for lithium
  • For a full, detailed list, view our report




Market Trend

  • Development of microsatellites and next-generation batteries
  • For a full, detailed list, view our report




Key Questions Answered in this Report

  • What will the market size be in 2021 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?




You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.