The Key Players Global Off-grid Energy Storage Market 2015-2019, According to a New Study on ASDReports

Monday 16 November 2015, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Off-grid Energy Storage Market: Aquion Energy, Green Charge, LG Chem, NEC Energy Solutions and NRG Energy

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

Commenting on the report, an analyst said: “The increasing demand for Li-ion batteries is driving manufacturers to adopt next-generation technology batteries for renewable energy storage. The Li-ion battery market is experiencing major changes by adopting high-energy silicon electrodes in place of conventional graphite ones. The new type of silicon electrode based Li-ion batteries offer long lasting energy. However, these batteries shrink and swell as the battery is used and recharged, and that causes the battery to fall apart.”

According to the report, Frequency regulation is the novel technology in ESS and is the major economic driver in the case of grid storage. This enables the power producers to generate electricity at a lower price and helps them in achieving the economies of scale. Frequency regulation in ESS helps in replacing the maintenance of the power grid frequency of 60 Hz by enabling charging and discharging of ESS.

Further, the report states that manufacturers are required to look at the intended and unintended use of battery packs by consumers. Adherence to specific standards adds to the costs, which deters manufacturers from investing more into the market.

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.