DUBLIN, June 5, 2019 /PRNewswire/ -- The "Battery Energy Storage Market" report has been added to ResearchAndMarkets.com's offering.
The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems.
The Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Radar methodology. The document presents competitive profiles on each of the companies in the Radar based on their strengths, opportunities, and a small discussion on their positioning. The author analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors.
Key Issues Addressed
- What are innovative offerings of companies?
- What are their strengths and opportunities for the future?
- What is the rationale behind each company's position in the radar?
Key Topics Covered:
1. Industry Overview
2. Battery Energy Storage Market
3. C2A - Market Participant Profiles
- Samsung SDI
- LG Chem
- VARTA Storage
- redT energy
- IBC Solar
- JLM Energy
- NEC Energy Solutions
- ViZn Energy
- Primus Power
4. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/oxxi5r
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SOURCE Research and Markets