Li-ion Battery Market for Energy Storage Systems (ESS) in the US 2015-2019

Nov 04, 2015, 13:59 ET from ReportBuyer

LONDON, Nov. 4, 2015 /PRNewswire/ -- About Li-ion for ESS
Energy storage is a mechanism of storing electricity during the off-peak period and supplying the stored electricity during the on-peak period. An ESS stores the excess electricity, which can be utilized during power shortages, power blackouts, and peak hours of demand. Various technologies such as pumped-hydro storage systems, flywheels, advanced batteries (Li-ion), and other evolving technologies such as CAES are available for ESS. Li-ion batteries are increasingly being preferred because of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Rapid technological evolution will enable large-scale storage of electricity in Li-ion batteries. Such electricity storage is required when the amount of electricity generated is greater than the electricity demand.
Technavio's analysts forecast the Li-ion battery market for ESS in the US to grow at a CAGR of 24.9% over the period 2014-2019.

Covered in this Report
The Li-ion battery market for ESS in the US has been segmented of the basis of technology and key leading states.
Technavio's report, Li-ion Battery Market for ESS in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key States
- California
- Illinois
- West Virginia

Key Vendors
- A123 Systems
- Build Your Dream
- Kokam
- LG Chem
- Panasonice
- Samsung SDI

Other Prominent Vendors

- AllCell Technologies
- Altair Nanotechnologies
- Boston Power
- CODA Energy Holdings
- Enerdel
- K2 Energy
- Lithium Energy Japan
- NEC Energy
- S&C Electric
- Seeo
- Valence

Market Driver
- Increased demand for Li-ion batteries in grid energy storage
- For a full, detailed list, view our report

Market Challenge
- High initial investment
- For a full, detailed list, view our report

Market Trend
- Growing demand for decentralized power generation
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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