Advanced Energy Storage Technologies Market by Type, Applications and Strategic Opportunities (Forecast to 2016)
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Advanced energy storage is an important element with respect to the future electrical needs and energy efficiency measures. Conventionally, electricity is consumed soon after being generated as there are no effective technologies to store electricity in the required quantities. With emerging technologies, this phenomenon is improving with continuously improved energy densities and capital costs. Although, pumped hydro storage technology, which is more than 100 years old and by far the most prominent of all available technologies, is operational across the world, it still depends on the availability of natural resources (water bodies) for being set up limiting the scope of application.
Numerous technologies, other than pumped hydro storage with different capabilities, are now in the market with continuous research and development in progress. These include compressed air energy storage, batteries, supercapacitors, fuel cells, and flywheels. Emerging and developing technologies include hydrogen storage, super magnets and synthetic gas.
Pumped hydro storage technology, relatively, has longer discharge times and longer life, and are hence more widely used in the grid storage for load balancing and peak shaving. Similarly, NaS batteries are also used for load balancing and time sharing. Other systems, such as flywheels, that have shorter discharge times are used in frequency regulation on the grid. Also, the advancement of lithium-ion batteries, in terms of cost reduction and efficiency improvement, is driving the electric vehicles market, globally.
Globally, the advanced energy storage systems market, including grid storage and transportation, is expected to grow at a CAGR of 10% in the next five years and reach $10.3 billion by 2018. The key growth drivers being, growing renewable energy source implementation all over the world, new transmission and distribution grid construction and upgrade across major countries, smart grid installation, and encouraging demand for electric and hybrid vehicles in most of the developed and developing countries.
The Advanced Energy Storage Systems Market report highlights and classifies important technologies in the market. It also briefs out energy storage market by key applications as grid storage and transportation and classifies it by geography into Asia-Pacific, Europe, North America, and ROW regions. It presents the current and projected markets of grid storage, battery storage and supercapactiors. The report also includes profiles of battery manufacturers and presents a landscape of recent developments by these battery market giants. For this study, key market players were identified through secondary and primary research activities.
The energy storage technologies market is gaining importance since the last three years due to growing power requirements. This growth in the market is largely fueled by growing portable electronics, hybrid vehicles, and smart grid market. Batteries constitute a major share among the other energy storage technologies. Lithium ion batteries are the most promising and emerging technology that are widely used in electronics application due to high energy density. Lithium ion batteries are also being developed for stationary and transportation applications and expected to face rapid adoption in these segments from 2012 onwards. Nickel-based batteries are witnessing growth due to their utilization in hybrid vehicles. Super capacitors market is growing due to their hybridization with batteries to boost their performance. Flywheel technology is being developed by companies such as Active Power (U.S.) and Beacon Power Corporation (U.S.) for off grid (UPS) and on grid usage respectively. The market for energy storage technologies is regionally concentrated; .i.e. battery production is dominated by countries such as China, Japan, and South Korea. It is also observed that most of the research and development in battery space is occurring in these regions based on the number of patents filed. Asia is the largest market for energy storage technologies as of 2010 and is expected to remain one of the largest markets by 2016.
The major applications of energy storage technologies analyzed in the report are electronics (portable), stationary, and transportation. Portable applications include electronic goods such as cell phones, notebook PCs, MP3 players, and the other personal digital assistants. Stationary applications include auxiliary power requirements ranging between 750 W and 100 KW for residential or commercial use as well as space applications. Stationary requirements can be of higher magnitude for on grid applications. Transportation applications include utilization of batteries (Nickel-based and Lithium ion) for powering vehicles.
The following table gives energy storage technologies market by types for the year 2010.
Energy storage technologies market, by types, 2010
|
EST |
Revenue ($Million) |
|
Lead acid |
23,776 |
|
NiCd |
1,575 |
|
NiMH |
1,550 |
|
Lithium ion |
10,000 |
|
Capacitors |
470 |
|
Mechanical storage |
65 |
|
Total |
37,436 |
Source: MarketsandMarkets; Company annual reports; telephonic interview; Battery Associations
The major players in the battery market are BYD Motor Co Ltd (China), GS Yuasa Corporation (Japan), Saft (France), Johnson Controls (U.S.), and Panasonic Corporation/Sanyo Electric Co. Ltd (Japan). The major players in the capacitor market are NEC (Japan), Nesscap Co. Ltd (South Korea), Panasonic Corporation (Japan), Maxwell Technologies (U.S.), and Nippon Chemi-Con Corporation (Japan). The major players in mechanical storage (flywheel) are Beacon Power Corporation (U.S.) and Active Power (U.S.)
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 SECONDARY SOURCES OF DATA POINTS
1.5.3 KEY DATA POINTS FROM PRIMARY SOURCES
1.5.4 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.1.1 BATTERIES
3.1.2 FUEL CELLS
3.1.3 COMPRESSED AIR
3.1.4 PUMPED HYDRO
3.1.5 FLYWHEELS
3.1.6 SUPER CONDUCTING MAGNETS
3.1.7 SUPER CAPACITORS
3.2 BURNING ISSUES
3.2.1 ON-GRID INSTALLATION OF ENERGY STORAGE TECHNOLOGIES
3.3 WINNING IMPERATIVES
3.3.1 FOCUS ON PRODUCT INNOVATIONS
3.4 MARKET DYNAMICS
3.4.1 DRIVERS
3.4.1.1 Energy arbitrage
3.4.1.2 Government support
3.4.1.3 Growing smart grid infrastructure development
3.4.1.4 Growing hybrid electric vehicle market
3.4.1.5 Edge over conventional energy storage technologies
3.4.2 RESTRAINTS
3.4.2.1 Environmental issues
3.4.2.2 High capital cost
3.4.3 OPPORTUNITIES
3.4.3.1 Adoption in commercial applications
3.4.3.2 Renewable energy integration
3.4.3.3 Focus on lithium ion energy storage devices
3.5 IMPACT OF MARKET DYNAMICS
3.6 PORTERS FIVE FORCES ANALYSIS
3.6.1 THREAT OF NEW ENTRANTS
3.6.2 THREAT OF SUBSTITUTES
3.6.3 THREAT OF SUPPLIERS
3.6.4 THREAT OF BUYERS
3.6.5 DEGREE OF COMPETITION
3.7 ENERGY STORAGE TECHNOLOGY MARKET
3.7.1 BATTERY STORAGE
3.7.2 SUPER CAPACITORS
3.7.3 MECHANICAL STORAGE
3.8 SMART GRID: OVERVIEW
3.9 PATENT ANALYSIS
4 GLOBAL SUPER CAPACITORS MARKET
4.1 INTRODUCTION
4.2 MATERIALS FOR SUPER CAPACITORS
4.3 SUPER CAPACITOR MARKET, BY APPLICATIONS
4.3.1 ELECTRONICS
4.3.2 ENERGY
4.3.3 TRANSPORTATION
5 GLOBAL BATTERY MARKET
5.1 INTRODUCTION
5.2 BATTERY COMPONENTS
5.2.1 CATHODE
5.2.2 ANODE
5.2.3 ELECTROLYTE
5.2.4 SEPARATOR
5.3 CLASSIFICATION OF BATTERIES
5.3.1 LEAD ACID BATTERY
5.3.2 NICKEL-BASED BATTERY
5.3.3 LITHIUM ION BATTERY
5.4 BATTERY SUPPLY CHAIN
5.5 BATTERY MARKET
5.6 BATTERY APPLICATIONS
5.6.1 STATIONARY APPLICATION
5.6.2 TRANSPORTATION APPLICATION
5.6.3 ELECTRONICS APPLICATION
5.7 BATTERY MARKET, BY GEOGRAPHY
5.7.1 NORTH AMERICA
5.7.2 ASIA
5.7.2.1 South Korea
5.7.2.2 China
5.7.2.3 Japan
5.7.3 EUROPE
5.8 BATTERY MATERIALS
5.8.1 LEAD
5.8.2 LITHIUM
5.8.3 NICKEL
5.8.4 CADMIUM
5.9 MAJOR PLAYERS
6 COMPETITIVE LANDSCAPE
6.1 INTRODUCTION
7 COMPANY PROFILES
7.1 A123 SYSTEMS INC.
7.1.1 OVERVIEW
7.1.2 FINANCIALS
7.1.3 PRODUCTS & SERVICES
7.1.4 STRATEGY
7.1.5 DEVELOPMENTS
7.2 ACTIVE POWER
7.2.1 OVERVIEW
7.2.2 FINANCIALS
7.2.3 PRODUCTS & SERVICES
7.2.4 STRATEGY
7.2.5 DEVELOPMENTS
7.3 ALTAIRNANO
7.3.1 OVERVIEW
7.3.2 FINANCIALS
7.3.3 PRODUCTS & SERVICES
7.3.4 STRATEGY
7.3.5 DEVELOPMENTS
7.4 AROTECH CORPORATION
7.4.1 OVERVIEW
7.4.2 FINANCIALS
7.4.3 PRODUCTS & SERVICES
7.4.4 STRATEGY
7.4.5 DEVELOPMENTS
7.5 AXION POWER INTERNATIONAL INC.
7.5.1 OVERVIEW
7.5.2 FINANCIALS
7.5.3 PRODUCTS & SERVICES
7.5.4 STRATEGY
7.5.5 DEVELOPMENTS
7.6 CHINA BAK BATTERY INC.
7.6.1 OVERVIEW
7.6.2 FINANCIALS
7.6.3 PRODUCTS & SERVICES
7.6.4 STRATEGY
7.6.5 DEVELOPMENTS
7.7 BEACON POWER CORPORATION
7.7.1 OVERVIEW
7.7.2 FINANCIALS
7.7.3 PRODUCTS & SERVICES
7.7.4 STRATEGY
7.7.5 DEVELOPMENTS
7.8 BYD AUTO CO. LTD
7.8.1 OVERVIEW
7.8.2 FINANCIALS
7.8.3 PRODUCTS & SERVICES
7.8.4 STRATEGY
7.8.5 DEVELOPMENTS
7.9 C&D TECHNOLOGIES INC.
7.9.1 OVERVIEW
7.9.2 FINANCIALS
7.9.3 PRODUCTS & SERVICES
7.9.4 STRATEGY
7.9.5 DEVELOPMENTS
7.10 E-ONE MOLI ENERGY CORP.
7.10.1 OVERVIEW
7.10.2 FINANCIALS
7.10.3 PRODUCTS & SERVICES
7.10.4 STRATEGY
7.10.5 DEVELOPMENTS
7.11 EAST PENN MANUFACTURING CO. INC (DEKA BATTERIES)
7.11.1 OVERVIEW
7.11.2 FINANCIALS
7.11.3 PRODUCTS & SERVICES
7.11.4 STRATEGY
7.11.5 DEVELOPMENTS
7.12 ELECTROVAYA INC.
7.12.1 OVERVIEW
7.12.2 FINANCIALS
7.12.3 PRODUCTS & SERVICES
7.12.4 STRATEGY
7.12.5 DEVELOPMENTS
7.13 ENER1 INC.
7.13.1 OVERVIEW
7.13.2 FINANCIALS
7.13.3 PRODUCTS & SERVICES
7.13.4 STRATEGY
7.13.5 DEVELOPMENTS
7.14 ENERGIZER
7.14.1 OVERVIEW
7.14.2 FINANCIALS
7.14.3 PRODUCTS & SERVICES
7.14.4 STRATEGY
7.14.5 DEVELOPMENTS
7.15 ENERSYS
7.15.1 OVERVIEW
7.15.2 FINANCIALS
7.15.3 PRODUCTS & SERVICES
7.15.4 STRATEGY
7.15.5 DEVELOPMENTS
7.16 EXIDE TECHNOLOGIES
7.16.1 OVERVIEW
7.16.2 FINANCIALS
7.16.3 PRODUCTS & SERVICES
7.16.4 STRATEGY
7.16.5 DEVELOPMENTS
7.17 GS YUASA CORPORATION
7.17.1 OVERVIEW
7.17.2 FINANCIALS
7.17.3 PRODUCTS & SERVICES
7.17.4 STRATEGY
7.17.5 DEVELOPMENTS
7.18 JOHNSON CONTROLS
7.18.1 OVERVIEW
7.18.2 FINANCIALS
7.18.3 PRODUCTS & SERVICES
7.18.4 STRATEGY
7.18.5 DEVELOPMENTS
7.19 LG CHEM LTD
7.19.1 OVERVIEW
7.19.2 FINANCIALS
7.19.3 PRODUCTS & SERVICES
7.19.4 STRATEGY
7.19.5 DEVELOPMENTS
7.20 LITHIUM TECHNOLOGY CORPORATION (GAIA AKKUMULATORENWERKE GMBH)
7.20.1 OVERVIEW
7.20.2 FINANCIALS
7.20.3 PRODUCTS & SERVICES
7.20.4 STRATEGY
7.20.5 DEVELOPMENTS
7.21 MAXWELL TECHNOLOGIES INC
7.21.1 OVERVIEW
7.21.2 FINANCIALS
7.21.3 PRODUCTS & SERVICES
7.21.4 STRATEGY
7.21.5 DEVELOPMENTS
7.22 NESSCAP CO. LTD
7.22.1 OVERVIEW
7.22.2 FINANCIALS
7.22.3 PRODUCTS & SERVICES
7.22.4 STRATEGY
7.22.5 DEVELOPMENTS
7.23 NIPPON CHEMI-CON CORPORATION
7.23.1 OVERVIEW
7.23.2 FINANCIALS
7.23.3 PRODUCTS & SERVICES
7.23.4 STRATEGY
7.23.5 DEVELOPMENTS
7.24 SAFT
7.24.1 OVERVIEW
7.24.2 FINANCIALS
7.24.3 PRODUCTS & SERVICES
7.24.4 STRATEGY
7.24.5 DEVELOPMENTS
7.25 SAMSUNG SDI CO. LTD
7.25.1 OVERVIEW
7.25.2 FINANCIALS
7.25.3 PRODUCTS & SERVICES
7.25.4 STRATEGY
7.25.5 DEVELOPMENTS
7.26 SANYO ELECTRIC CO. LTD
7.26.1 OVERVIEW
7.26.2 FINANCIALS
7.26.3 PRODUCTS & SERVICES
7.26.4 STRATEGY
7.26.5 DEVELOPMENTS
7.27 THE FURUKAWA BATTERY CO. LTD
7.27.1 OVERVIEW
7.27.2 FINANCIALS
7.27.3 PRODUCTS & SERVICES
7.27.4 STRATEGY
7.27.5 DEVELOPMENTS
7.28 ULTRALIFE CORPORATION
7.28.1 OVERVIEW
7.28.2 FINANCIALS
7.28.3 PRODUCTS & SERVICES
7.28.4 STRATEGY
7.28.5 DEVELOPMENTS
7.29 VALENCE
7.29.1 OVERVIEW
7.29.2 FINANCIALS
7.29.3 PRODUCTS & SERVICES
7.29.4 STRATEGY
7.29.5 DEVELOPMENTS
7.30 VYCON
7.30.1 OVERVIEW
7.30.2 FINANCIALS
7.30.3 PRODUCTS & SERVICES
7.30.4 STRATEGY
7.30.5 DEVELOPMENTS
APPENDIX
U.S. PATENTS
EURPOE PATENTS
JAPAN PATENTS
LIST OF TABLES
TABLE 1 ENERGY STORAGE TECHNOLOGY MARKET REVENUE, BY TYPES, 2010 ($MILLION)
TABLE 2 GLOBAL ELECTRICITY STATISTICS, 2005 - 2010 (BILLION KWH)
TABLE 3 ENERGY STORAGE TECHNOLOGY CAPITAL COST, BY TYPES ($/KWH)
TABLE 4 R&D EXPENSES, BY COMPANY, 2009 2010 ($MILLION)
TABLE 5 IMPACT OF MARKET DYNAMICS, 2011 2016
TABLE 6 GLOBAL ENERGY STORAGE TECHNOLOGY MARKET, BY TYPES, 2009 2016 ($MILLION)
TABLE 7 SMART GRID PROCESSES
TABLE 8 SMART GRID INITIATIVES
TABLE 9 GLOBAL PATENTS REGISTERED, BY TYPES, 2008 2011
TABLE 10 PATENTS REGISTERED, BY COMPANY, 2010 2011
TABLE 11 GLOBAL SUPER CAPACITOR MARKET REVENUE, BY APPLICATIONS, 2009 2016 ($MILLION)
TABLE 12 SUPER CAPACITOR ELECTRONICS APPLICATIONS REVENUE, BY GEOGRAPHY, 2009 2016 ($MILLION)
TABLE 13 SUPER CAPACITOR ENERGY STORAGE APPLICATIONS REVENUE, BY GEOGRAPHY, 2009 2016 ($MILLION)
TABLE 14 SUPER CAPACITOR TRANSPORTATION APPLICATIONS REVENUE, BY GEOGRAPHY, 2009 2016 ($MILLION)
TABLE 15 GLOBAL BATTERY MARKET REVENUE, BY TYPES, 2009 2016 ($MILLION)
TABLE 16 BATTERY CATHODE MATERIALS
TABLE 17 BATTERY ANODE MATERIALS
TABLE 18 BATTERY ELECTROLYTES
TABLE 19 BATTERY ATTRIBUTES, BY TYPES
TABLE 20 LITHIUM BATTERY & COMPONENT SUPPLIERS
TABLE 21 GLOBAL BATTERY MARKET REVENUE, BY TYPES, 2009 2016 ($MILLION)
TABLE 22 GLOBAL BATTERY USE, BY TYPES, 2009 - 2016 (GWH)
TABLE 23 BATTERY APPLICATIONS, BY TYPES
TABLE 24 BATTERY USAGE, BY APPLICATIONS, 2009 (%)
TABLE 25 GLOBAL BATTERY REVENUE, BY APPLICATIONS, 2009 2016 ($MILLION)
TABLE 26 GLOBAL BATTERY USE, BY APPLICATIONS, 2009 2016 (GWH)
TABLE 27 PLANNED ELECTRIC VEHICLE MODELS
TABLE 28 PLANNED HYBRID ELECTRIC VEHICLES
TABLE 29 PLUG-IN HYBRID ELECTRIC VEHICLES
TABLE 30 GLOBAL BATTERY TRANSPORTATION APPLICATIONS REVENUE, BY VEHICLE TYPES, 2009 2016 ($MILLION)
TABLE 31 GLOBAL TRANSPORTATION APPLICATIONS MARKET REVENUE, BY VEHICLE TYPES, 2009 2016 (GWH)
TABLE 32 GLOBAL ELECTRONICS APPLICATIONS MARKET REVENUE, BY END-USE, 2009 2016 ($MILLION)
TABLE 33 BATTERY MARKET REVENUE, BY GEOGRAPHY, 2009 2016 ($MILLION)
TABLE 34 BATTERY USE, BY GEOGRAPHY, 2009 2016 (GWH)
TABLE 35 NORTH AMERICA: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 ($MILLION)
TABLE 36 NORTH AMERICA: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 (GWH)
TABLE 37 NORTH AMERICA: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 ($MILLION)
TABLE 38 NORTH AMERICA: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 (GWH)
TABLE 39 ASIA: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 ($MILLION)
TABLE 40 ASIA: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 (GWH)
TABLE 41 ASIA: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 ($MILLION)
TABLE 42 ASIA: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 (GWH)
TABLE 43 EUROPE: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 ($MILLION)
TABLE 44 EUROPE: BATTERY MARKET REVENUE, BY APPLICATIONS, 2009 2016 (GWH)
TABLE 45 EUROPE: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 ($MILLION)
TABLE 46 EUROPE: BATTERY MARKET REVENUE, BY TYPES, 2009 2016 (GWH)
TABLE 47 MAJOR PLAYERS, BY REVENUE, 2010 ($MILLION)
TABLE 48 SUPPLY CONTRACTS, FEBRUARY 2009 SEPTEMBER 2011
TABLE 49 INVESTMENTS, FEBRUARY 2009 SEPTEMBER 2011
TABLE 50 EXPANSIONS, JUNE 2009 SEPTEMBER 2011
TABLE 51 PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES, SEPTEMBER 2008 AUGUST 2011
TABLE 52 NEW PRODUCTS DEVELOPMENT, AUGUST 2008 AUGUST 2011
TABLE 53 MERGERS & ACQUISITIONS, AUGUST 2009 MARCH 2011
TABLE 54 GLOBAL LITHIUM DEMAND, 2009 2016 (TONS)
TABLE 55 GLOBAL LEAD DEMAND, 2009 2016 (000 TONS)
TABLE 56 GLOBAL NICKEL DEMAND, 2009 2016 (000 TONS)
TABLE 57 GLOBAL CADMIUM DEMAND, 2009 2016 (000 TONS)
TABLE 58 GLOBAL BATTERY MATERIALS SUPPLY, 2009 2016 (000 TONS)
TABLE 59 GLOBAL BATTERY MATERIALS DEMAND, 2009 2016 (0000 TONS)
TABLE 60 MAJOR BATTERY MATERIAL PRODUCERS
LIST OF FIGURES
FIGURE 1 ENERGY STORAGE TECHNOLOGIES
FIGURE 2 ENERGY STORAGE TECHNOLOGIES MARKET, 2009 - 2016 ($BILLION)
FIGURE 3 PORTERS FIVE FORCES ANALYSIS
FIGURE 4 GLOBAL BATTERY MARKET, BY TYPES, 2010
FIGURE 5 FLYWHEEL OPERATION
FIGURE 6 SMART GRID CONCEPT
FIGURE 7 PATENTS REGISTERED, BY GEOGRAPHY, 2010 2011
FIGURE 8 GLOBAL PATENTS REGISTERED, 2008 - 2011
FIGURE 9 SCHEMATIC VIEW OF SUPER CAPACITOR
FIGURE 10 GLOBAL SUPER CAPACITOR MARKET, BY APPLICATIONS, 2010
FIGURE 11 RECHARGEABLE BATTERY
FIGURE 12 LITHIUM ION BATTERY SUPPLY CHAIN
FIGURE 13 GLOBAL BATTERY MATERIALS SUPPLY & DEMAND, 2009 2016 (THOUSAND TONS)
FIGURE 14 GLOBAL LEAD CONSUMPTION IN BATTERIES, 2009 2016 (THOUSAND TONS)
FIGURE 15 GLOBAL LITHIUM CONSUMPTION IN BATTERIES, 2009 2016 (TONS)
FIGURE 16 GLOBAL NICKEL CONSUMPTION IN BATTERIES, 2009 2016 (THOUSAND TONS)
FIGURE 17 GLOBAL CADMIUM CONSUMPTION IN BATTERIES, 2009 2016 (THOUSAND TONS)
FIGURE 18 STRATEGIC ANALYSIS, 2009 2011
Growth opportunities and latent adjacency in Advanced Energy Storage Technologies Market