NanoMarkets Report Projects Solar-Energy Storage Market to Reach Almost $2
Billion in 2018
GLEN ALLEN, Va., Jan. 14, 2013
GLEN ALLEN, Va., Jan. 14, 2013 /PRNewswire/ -- Industry analyst firm
NanoMarkets has published a new report titled, "Solar Storage Markets -2013."
This report forecasts revenues from batteries and supercapacitors for solar
energy storage will reach almost $2 billion (USD) in revenues by 2018.
Additional details about the report are available at:
The firm recently issued a related report titled, Batteries and
Supercapacitors for the Smart Grid -2013." Additional details are available
About the Report:
This new NanoMarkets report provides an analysis of worldwide solar energy
storage markets products including lead-acid, lead-carbon, lithium, NaS,
sodium-nickel-chloride, and flow batteries, along with ultrabatteries and
supercapacitors. Storage demand for both retail PV users and utility-scale
solar is analyzed. Eight-year revenue and volume projections are included with
breakouts by technology, and geography. Also included are profiles of
leading-edge solar storage installations around the world.
Companies discussed include: Abengoa Solar, Acciona, AES, Altair, Ambri,
Axion, Brightsource, Cellenium, Cellstrom, Cogenra Solar, CSIRO, Daewoo, Deeya
Energy, Ecoult, EDF, Endesa, eSolar, Exide, Fiamm Sonik, Firefly, Ford, GE,
GeoBattery, Gildmeister, Hitachi, Ice Energy, International Battery, Johnson
Controls, KEMA, Kyushu Electric, Maxwell, Mitsubishi, NEC, Nesscap, NGK,
Panasonic, PG&E, Pratt & Whitney, Premium Power, Prudent Energy, RWE, SAFT,
Siemens, Southern California Edison, RedT, Sumitomo, SunPower, SunVerge,
SolarCity, Tokyo Electric, V-Fuel, VARTA, Xtreme Power and ZBB.
From the report:
oDespite the considerable technological innovation expected in energy
storage, traditional lead-acid batteries will be the main revenue
generator for solar energy storage over the next decade, accounting for
more than $950 million in revenues in 2018. They are readily available
and low cost, yet have poor lifetimes and are becoming commoditized
products. Lead-carbon technology will improve the margins on this type of
battery and will be used in solar farms and solar-based microgrid and will
generate another $135 million by 2018.
oThere is also a growing level of interest in the use of lithium batteries
in the solar sector and sales of these batteries are expected to generate
$235 million by 2018. Lithium batteries are already being sold for
residential and solar-power microgrid applications in the U.S. and in
Germany. And in the next few years, Chinese solar energy storage firms
seem likely to focus on lithium batteries given that China is a major
source of lithium. Nonetheless, NanoMarkets believes that the future of
lithium batteries will depend heavily on continued government R&D
subsidies. Otherwise in most countries, lithium batteries are likely to
remain too expensive for solar applications.
oFeed-in tariffs are declining in key geographies giving PV users an
incentive to store the energy they produce. Battery suppliers are
therefore expecting the market for batteries for residential PV users to
explode and are designing specialized systems to meet the demand.
Meanwhile in California, utilities are facing regulatory requirements to
include storage in new facilities. Similar regulations may come into force
in Germany. NanoMarkets expects such regulatory requirements to produce
new demand for the latest battery technologies for utility-scale PV and
thermal solar facilities; above the storage at solar utilities that would
be required just to maintain grid stability.
NanoMarkets tracks and analyzes emerging market opportunities in energy,
solid-state lighting, electronics and other markets created by developments in
advanced materials. The firm is a recognized leader in industry analysis and
forecasts for both the energy storage and the solar energy industry and has
been covering this market for more seven years.
Visithttp://www.nanomarkets.netfor a full listing of NanoMarkets' reports
and other services.
Contact: Robert Nolan, NanoMarkets, +1-804-938-0030, firstname.lastname@example.org
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