Market Data: Advanced Batteries for Utility-Scale Energy Storage

Lithium Ion, Sodium-Metal Halide, Sodium Sulfur, Flow,
and Advanced Lead-Acid Batteries: Global Market Analysis and Forecasts

Today, several factors are converging to enable the growth of grid-connected utility-scale energy storage markets. Battery energy storage solutions and energy storage system (ESS) components have demonstrated that value can be delivered by energy storage technology on the grid. Regional transmission and distribution (T&D) system organization and power market regulators have recognized these technology advances and are enacting new rules to allow battery ESSs to participate in power markets. Meanwhile, new business models and associated financing instruments are coming together to invest capital in battery energy storage projects. The emergence of a new generation of advanced batteries that are safe, low cost, and efficient enough to allow for storage on the grid is instrumental to the further development of these global markets.

Lithium ion (Li-ion) batteries have emerged as the leader in utility-scale applications of batteries on the grid by offering the best mix of performance specifications for most energy storage applications. Flow batteries have the potential to deliver long-duration energy storage applications at lower costs, while advanced lead-acid batteries have proven to be excellent performers in power-intensive applications. The Asia Pacific region is expected to see the highest growth in advanced batteries for utility-scale applications during the next 10 years, though growth is also forecast to be strong in North America and Western Europe. According to Navigant Research, global revenue for advanced batteries for utility-scale storage is expected to grow from $231.9 million in 2016 to $3.6 billion by 2025.

This Navigant Research report analyzes the global market for advanced batteries for utility-scale energy storage. The study examines the strengths and weaknesses of the major battery chemistries and how they match to specific applications. Global market forecasts for energy capacity, power capacity, and revenue, segmented by region, application, chemistry, and subchemistry, extend through 2025.

Key Questions Addressed:
  • How much revenue will be generated by the sale of advanced battery systems for utility-scale energy storage globally during the next 10 years?
  • How much energy capacity (in megawatt-hours) of advanced battery systems will be sold globally?
  • How much power capacity (in megawatts) of advanced battery systems will be sold globally?
  • Which utility-scale energy storage applications will be most appropriate for advanced batteries?
  • How will the advanced battery landscape change during the next 10 years?
Who needs this report?
  • Advanced battery system manufacturers
  • Energy storage software providers, systems integrators, and project developers
  • Electric utilities
  • Independent power producers
  • Electricity system regulators and policymakers
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1  Market Overview

1.2  Key Market Factors

1.2.1     Variable Generation

1.2.2     Grid Structures

1.2.3     Market Structures

1.2.4     Demographics

1.2.5     Condition of the Grid

1.2.6     New ESS Revenue and Business Models

2. Market Issues      

2.1  Advanced Battery Technologies

2.1.1     Li-Ion Batteries

2.1.2     Flow Batteries

2.1.3     Molten Salt Batteries

2.1.4     Advanced Lead-Acid

2.1.5     Other Battery Technologies

2.2  Market Drivers

2.2.1     Applications and Benefits of Energy Storage

2.2.2     Regulatory Support for Energy Storage

2.2.3     Energy Storage Business Models

3. Market Forecasts   

3.1  Overview

3.2  Forecast Methodology

3.3  Pricing Forecast for Advanced Battery Packs

3.4  Total Advanced Batteries Energy Capacity and Revenue Forecast

3.4.1     North America

3.4.2     Western Europe

3.4.3     Asia Pacific

3.5  Advanced Batteries Market Share by Power and Energy Capacity

3.6  Li-Ion and Flow Battery Forecast

3.6.1     Li-Ion Battery Forecast

3.6.2     Flow Battery Forecast

3.7  Conclusions

4. Company Directory
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • New Installed ABES Pack Energy Capacity and Revenue by Region, World Markets: 2016-2025
  • Pricing Forecast for ABES Packs by Technology, World Markets: 2016, 2019, and 2021
  • New Installed ABES Pack Energy Capacity and Revenue by Application, North America: 2016-2025
  • New Installed ABES Pack Energy Capacity and Revenue by Application, Western Europe: 2016-2025
  • New Installed ABES Pack Energy Capacity and Revenue by Application, Asia Pacific: 2016-2025
  • ABES Power Capacity Market Share by Technology, World Markets: 2016
  • ABES Energy Capacity Market Share by Technology, World Markets: 2016
  • New Installed Li-Ion Batteries for Utility-Scale Applications, Energy Capacity and Revenue, by Region, World Markets: 2016-2025
  • New Installed Flow Batteries for Utility-Scale Applications, Energy Capacity and Revenue, by Region, World Markets: 2016-2025

List of Tables

  • Advanced Battery Performance Parameters
  • Advanced Battery Performance Comparison
  • Li-Ion Subchemistry Comparison
  • Molten Salt Subchemistry Comparison
  • Flow Battery Subchemistry Comparison
  • Traditional vs. Advanced Lead-Acid Battery Comparison
  • Utility-Scale Energy Storage Applications
  • New Installed ABES Pack Energy Capacity by Region, World Markets: 2016-2025
  • New Installed ABES Pack Power Capacity by Region, World Markets: 2016-2025
  • New Installed ABES Pack Revenue by Region, World Markets: 2016-2025
  • New Installed ABES Energy Capacity by Application, North America: 2016-2025
  • New Installed ABES Energy Capacity by Application, Western Europe: 2016-2025
  • New Installed ABES Energy Capacity by Application, Eastern Europe: 2016-2025
  • New Installed ABES Energy Capacity by Application, Asia Pacific: 2016-2025
  • New Installed ABES Energy Capacity by Application, Latin America: 2016-2025
  • New Installed ABES Energy Capacity by Application, Middle East & Africa: 2016-2025
  • New Installed ABES Power Capacity by Application, North America: 2016-2025
  • New Installed ABES Power Capacity by Application, Western Europe: 2016-2025
  • New Installed ABES Power Capacity by Application, Eastern Europe: 2016-2025
  • New Installed ABES Power Capacity by Application, Asia Pacific: 2016-2025
  • New Installed ABES Power Capacity by Application, Latin America: 2016-2025
  • New Installed ABES Power Capacity by Application, Middle East & Africa: 2016-2025
  • New Installed ABES Pack Revenue by Application, North America: 2016-2025
  • New Installed ABES Pack Revenue by Application, Western Europe: 2016-2025
  • New Installed ABES Pack Revenue by Application, Eastern Europe: 2016-2025
  • New Installed ABES Pack Revenue by Application, Asia Pacific: 2016-2025
  • New Installed ABES Pack Revenue by Application, Latin America: 2016-2025
  • New Installed ABES Pack Revenue by Application, Middle East & Africa: 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, North America: 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, Western Europe: 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, Eastern Europe 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, Asia Pacific: 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, Latin America: 2016-2025
  • New Installed ABES Pack Energy Capacity by Technology, Middle East & Africa: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, North America: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, Western Europe: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, Eastern Europe: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, Asia Pacific: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, Latin America: 2016-2025
  • New Installed ABES Pack Power Capacity by Technology, Middle East & Africa: 2016-2025
  • New Installed ABES Pack Revenue by Technology, North America: 2016-2025
  • New Installed ABES Pack Revenue by Technology, Western Europe: 2016-2025
  • New Installed ABES Pack Revenue by Technology, Eastern Europe: 2016-2025
  • New Installed ABES Pack Revenue by Technology, Asia Pacific: 2016-2025
  • New Installed ABES Pack Revenue by Technology, Latin America: 2016-2025
  • New Installed ABES Pack Revenue by Technology, Middle East & Africa: 2016-2025
  • New Installed Li-Ion and Flow Battery ABES Pack Energy Capacity, World Markets: 2016-2025
  • New Installed Li-Ion and Flow Battery ABES Pack Power Capacity, World Markets: 2016-2025
  • New Installed Li-Ion and Flow Battery ABES Pack Revenue, World Markets: 2016-2025
  • New Installed Li-Ion ABES Pack Energy Capacity by Region, World Markets: 2016-2025
  • New Installed Flow Battery ABES Pack Energy Capacity by Region, World Markets: 2016-2025
  • Pricing Forecast for ABES Packs by Technology, World Markets: 2015, 2018, 2020

Report Details

  • Pages: 28
  • Tables, Charts,
    Figures:
    61
  • Release Date: 1Q 2016

Press Releases:

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