Battery Energy Storage Systems for Grid Applications in Asia-Pacific – Forecast to 2021 – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Battery
Energy Storage Systems for Grid Applications in Asia-Pacific – Forecast
to 2021” report to their offering.
The Asia-Pacific grid-connected battery based energy storage systems
market is forecast to record a CAGR of less than 30% from 2016 to 2021.
The key objective of this research study is to understand the dynamics
of the utility-scale, grid-connected battery-based energy storage
systems (BESS) market for utility applications. The geographic scope of
the study includes South Asia (India and China), Southeast Asia
(Vietnam, Indonesia, Thailand, Malaysia, Philippines, Singapore, and
Myanmar), East Asia (Japan, Taiwan, and South Korea), and ANZ (Australia
and New Zealand).
Further along the forecast period, the key countries that are expected
to see strong growth opportunities are China, Japan, Korea, and
Australia. BESS are adopted across the utility value chain across
generation, transmission, and distribution to the end-user level, where
behind-the-meter energy management practices are taken care of by
storage. The applications for BESS range from electric energy
time-shift, electric supply capacity at the generation side to
transmission support, congestion relief, deferral, substation on-site
power at the T&D side. Battery energy storage manufacturers will need to
focus more on the modularity of the product with an ability to withstand
higher temperatures and work under extreme physical conditions.
This study focuses on the following important elements under the five
broad battery chemistries that are used in the application of
large-scale grid-connected energy storage systems:
– Flow battery
The following are the key questions that this study will answer:
– What is the current status of the BESS market? What are its immediate
and future prospects?
– What are the key growth opportunities in the BESS market that are
likely to help market participants stay relevant? What steps should a
BESS manufacturer take?
– What will be the potential BESS market size in 2021? What are the key
factors that will drive the market to continue to stay relevant until
– Which is the most attractive range among the lithium-ion, sodium,
nickel, lead acid, and flow battery chemistries in the market? Which are
the ones that are likely to continue to reap benefits until 2021?
– What are the major factors hindering business development
opportunities for BESS manufacturers?
– Which country in the region is said to have a strong growth potential
for BESS power systems in the long run?
Key Topics Covered:
1. Executive Summary
3. Market Overview
4. Drivers and Restraints
5. Forecasts and Trends
6. BESS Projects – Operational, Announced, and Under-construction
7. Policies and Regulations
8. Value Chain Analysis
9. BESS Competitive Landscape
10. Emerging Business Models, Partnerships, and Notable Investments
11. Growth Opportunities and Companies to Action
For more information about this report visit https://www.researchandmarkets.com/research/vkpcl8/battery_energy
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