Global Utility Battery Market Forecast Report 2019-2023 – Widening Lithium Demand-Supply Gap Hampering Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Utility Battery Market 2019-2023”
report has been added to ResearchAndMarkets.com’s
offering.

The utility battery market will register a CAGR of over 7% by 2023.

Energy storage provides multiple economic benefits to utilities, such as
electricity demand shift from on-peak to off-peak periods which reduces
peak demand charges and results in cost savings for customers while
reducing pressure on the grid.

Batteries are one of the widely used energy storage technologies across
the world. Battery ESS are relatively less expensive than most of the
other energy storage technologies. This will stimulate the demand for
ESS in utilities, which will result in the growth of the global utility
battery market during the forecast period.

Rapid Urbanization

There is a rapid increase in urbanization due to population growth,
improvement in living standards, and the availability of improved
facilities and infrastructure in urban areas. The rising urbanization
indicates cities have become the key driver of the economic growth of
countries.

Urbanization is dependent on several macro-economic factors such as
national policymaking, governments. and the growth of the private
sector. Therefore, the rise in urbanization will significantly drive the
growth of the global utility battery market.

Widening lithium demand-supply gap

Lithium-ion (Li-ion) batteries were traditionally used in consumer
electronics. However, from the last few years, these batteries are being
used as ESS.

Moreover, the increase in applications of lithium in the automotive
sector will create a shortage in the supply of lithium for utility-scale
energy storage applications. This demand-supply gap can act as a barrier
to the growth of the global utility battery market during the forecast
period.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of
several vendors. This market research report will help clients identify
new growth opportunities and design unique growth strategies by
providing a comprehensive analysis of the market’s competitive landscape
and offering information on the products offered by companies.

Key Players

  • BYD Company Ltd.
  • Kokam
  • LG Chem
  • NGK Insulators Ltd.
  • Samsung SDI Co. Ltd.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Comparison by technology
  • Lithium-based batteries – Market size and forecast 2018-2023
  • Sodium-based batteries – Market size and forecast 2018-2023
  • Others – Market size and forecast 2018-2023
  • Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC – Market size and forecast 2018-2023
  • Americas – Market size and forecast 2018-2023
  • Europe – Market size and forecast 2018-2023
  • MEA – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Reduced battery storage system costs
  • Technological advances in battery ESS technologies
  • Increased adoption of microgrids

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BYD Company Ltd.
  • Kokam
  • LG Chem
  • NGK Insulators Ltd.
  • Samsung SDI Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/53kjl0

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Utilities,
Battery
Technology