LONDON, April 4, 2013 /PRNewswire/ --
Visiongain's analysis indicates that the grid scale battery storage market will reach $1.2bn in 2013. The grid scale battery market is one of the most vibrant sectors of electricity market. A large number of innovative companies are striving to bring their battery products up to the standards required to penetrate this high potential industry.
The growing penetration of intermittent and decentralised power generation in a number of countries around the world is causing considerable stresses on transmission systems designed for more consistent centralised power generation. Improving the efficiency of transmission through smart grids and optimised transmission infrastructure using energy storage creates considerable cost savings on generation fuel costs, lowering greenhouse gas emissions and slashing of power wastages related to backup and spinning reserves. Batteries will play a key role in this development as they can be used for power management (peak shaving) and power quality (voltage fluctuation), both key issues in improving the transmission of electricity. The grid scale battery storage market is a fledging and vibrant market with much potential for future growth.
The lead analyst of the Grid Scale Battery Storage Market report commented that 'Large scale battery storage remains an expensive method of improving efficiencies in the grid, and as such incentives or subsidies remain essential to the market. Ownership of storage capacity by transmission and distribution companies is vague in many countries and amendments to this would enable them to own energy storage assets, providing more efficient electricity transmission. While utilities remain slow on storage uptake, the growing penetration of renewable energy forces the requirement of energy storage to smooth out intermittency in generation. Grid scale batteries therefore play a critical role in the future of electricity supply.'
The report contains 138 tables, charts and graphs that add visual analysis and portray the grid scale battery storage industry projects, investment forecasts and trends over the next ten years and beyond. Visiongain provides global and national market forecasts for the period 2013-2023 in terms of investment value (US$) in the grid scale battery storage market. In addition, five submarkets are forecasted and analysed by Visiongain over the period 2013-2023, including: lithium ion, advanced lead acid, flow batteries, sodium sulphur and miscellaneous battery chemistries. Details of past, current and planned renewable energy trends and government regulations that will affect the future growth of the grid scale battery market are also identified and analysed.
The report provides profiles of 27 large scale battery producer companies and provides an overview of smaller players in the market. In addition, this report includes 4 interviews with principal industry experts, offering insight alongside Visiongain analysis. The Grid Scale Battery Storage Market 2013-2023 will be of value to current and future potential investors in this industry, as well as companies and research centres who wish to broaden their knowledge of the grid scale battery industry.
For further information about visiongain's report Grid Scale Battery Storage Market 2013-2023 please visit: http://www.visiongain.com/Report/1003/The-Grid-Scale-Battery-Storage-Market-2013-2023
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors. Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
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