The Energy Storage Technologies Market to Register Capital Expenditure of 7.013BN in 2015, According to a New Study on ASDReports

The report, now available on ASDReports, Energy Storage Technologies (EST) Market 2015-2025: CAPEX and Capacity Forecasts for PHS, CAES, Thermal Energy Storage, Batteries, Flywheels and Ultracapacitors indicates that the EST market will see CAPEX of $7.013bn in 2015, including spending on RD&D and commercial installations.

The lead analyst of the report said: “The energy storage technologies market is about to enter a period of phenomenal growth and innovation. The next ten years will see the large scale commercial deployment of batteries, a boom in the emerging supercapacitors market, as well as the start-up of a range of RD&D projects (e.g. superconducting magnetic energy storage, liquid air energy storage) and innovations of existing technologies (e.g. adiabatic compressed air energy storage). While pumped hydro will continue its dominance when it comes to installed capacity, its share of capital spending in many developed countries - most notably the US, Japan and Germany - will start to level off due to an increasing shortage of sites suitable for new installations. The other technology submarkets (e.g. super capacitors, flywheels, batteries) will, however, more than make up for this shortfall and witness a veritable boom in the period 2015-2025.

The increasing penetration of RES in generation systems, attempts to decarbonise and diversify power systems, the construction of large scale electrification plans, growing energy demand and electricity prices, the deployment of smart grids and policies targeting greater energy efficiency and security will all contribute to drive the deployment of energy storage technologies. Moreover, performance improvements and learning curve cost reductions from a range of energy storage technologies (e.g. Li-ion batteries and AA-CAES) will contribute to increasing the appeal of ESTs in an already favourable environment. While policy support, the level of funding for RD&D and  the remuneration of energy storage assets still have some way to go, the next ten years will see a  much greater integration and use of ESTs in power  networks as regulators, operators and end-users alike move to make use of the full range of their potential applications.”

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Energy Storage Technologies (EST) Market 2015-2025

The report contains 184 tables, charts and graphs that add visual analysis in order to explain developing trends within the EST market. The report provides annual CAPEX forecasts and analysis for the period 2015-2025 for the global market, as well as a CAPEX and installed capacity forecast for the 6 main technology submarkets (Pumped Hydro Storage, Batteries, Thermal Energy Storage, Compressed Air Energy Storage, Flywheels and Ultracapacitors). The report also includes market forecasts and analysis for 10 national markets (China, India, Japan, South Korea, the Unites States, Germany, France, Spain, Italy and the United Kingdom) and cumulatively for the Rest of the World.

A companies’ chapter provides detailed analysis and outlooks for a selection of companies operating in each of the 6 main technology submarkets. The transcripts of exclusive interviews  with Gareth Brett and Emma Gibson from Highview Power, Bill Radvak and Brian Beck from American Vanadium, Philippe Bouchard from Eos Energy Storage and Giw Zanganeh from Airlight Energy provide expert insight alongside the reports forecasts and analysis.

The Energy Storage Technologies (EST) Market 2015-2025 report will be of value to existing and potential stakeholders and investors in the EST industry. It will be useful for anyone seeking an understanding of key market dynamics, the outlook of different national markets and subsectors, as well as insight into patterns of innovation, and development in the range of EST applications.

Read more on ASDReports!

Source: ASDReports - Market Research
Date: Nov 3, 2015