The Key Players in Global Battery Market for Energy Storage Systems (ESS) 2015-2019, According to a New Study on ASDReports

Monday 12 October 2015, Amsterdam

Market Research Report Press Release The report, now available on ASDReports recognizes the following companies as the key players in the Global Battery Market for Energy Storage Systems (ESS): AES Energy Storage, A123, Axion Power, BYD, LG Chem, NGK Insulators, SAFT and Samsung

Other Prominent Vendors in the market are: FIAMM Energy, Prudent Energy, Rongke, UniEnergy, GE, Mitsubishi, Amperex, Boston Power, CALB, Enersys, and Primus Power.

Commenting on the report, an analyst said: “Countries worldwide are exhibiting an increased level of interest in reducing emission levels through the promotion of clean energy initiatives. Therefore, the adoption of solar and wind energy storage, as well as other viable alternatives to fossil-fuel power generation paradigms, has seen a steep climb globally. Battery energy storage in renewables such as wind and solar energy is considered a major alternative for conventional fossil-fuel installations. The shift toward solar energy storage is helping countries reduce their fossil-fuel import costs. Initially, solar installations were equipped with lead-acid batteries as backup power systems.”

According to the report, the increasing growth in smart-grid technologies has given rise to the need for grid stability, flexibility, and management of electricity within grids by adopting battery energy storage. As countries plan to increase the share of renewable generation in their overall power mix, the need for grid stability is prompting grid operators to adopt battery energy storage paradigms.

Further, the report states that technological problems related to sodium-sulfur batteries hinders the market growth

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Battery Market for ESS 2015-2019

Global Battery Market for ESS 2015-2019

Publish date : October 2015
Report code : ASDR-222500
Pages : 94

ASDReports.com Media contact: S. Koopman - Marketing and Communications

ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216 - E : stefan.koopman@asdreports.com

 back to News