Governments and industries in the Asia Pacific region find themselves struggling to keep pace with new trends in global clean energy development. Due to the diverse applications and benefits of energy storage systems (ESS), most Asia Pacific nations have begun to pay attention to deployments of these systems. Although demand for ESS varies on a market-by-market basis and each nation in Asia Pacific is at a different level of resource development, as renewable energy capacity and electricity consumption rise, the number of ESS projects deployed in Asia Pacific will climb as well.

Japan, Australia, and South Korea are driving the adoption of ESS to enhance the overall system efficiency of the grid, improve the management of existing assets, and maintain a more efficient balance between load and generation on the grid. Meanwhile, the government and market stakeholders in China are entering the stage of sophisticated R&D analysis for bulk storage-level system designs for ESS. Falling costs and increased efficiency through technology innovation will likely play an important role in opening up ESS markets in developing nations such as India. Nevertheless, the ESS market is still in the technical demonstration phase in most countries of Asia Pacific. Pike Research forecasts that cumulative installed capacity of ESS in the region will surpass 25,082 megawatts (MW) by 2022, with nearly 6,400 MW of capacity added that year. Pike Research forecasts that the market value for this capacity will be more than $12 billion in 2022.

This Pike Research report explores the market opportunity and current market issues for ESS, focusing on advanced batteries in Asia Pacific. The study includes an assessment of the technical characteristics of advanced battery technologies such as lithium ion, sodium sulfur, advanced lead-acid, sodium metal halide, and advanced flow batteries. Key industry players are profiled and global market forecasts for installed capacity and revenue for utility scale applications in Asia Pacific, segmented by country, are provided through 2022.

Key Questions Addressed:

• What are the critical industry issues facing the energy storage sector in Asia Pacific?
• What are the key countries for ESS going forward and what are the key drivers, barriers, and opportunities for ESS in Asia Pacific?
• What are the demand differences for ESS among key nations in Asia Pacific?
• What are the leading applications and end-use markets for ESS?
• What are the characteristics of policy and regulatory environments for ESS?
• Who are the leading market players and how will they form their future endeavors for ESS?
• How fast will the market grow and what are the key demand drivers?
• How large will the market be, in terms of MW and revenue, for utility scale applications of ESS in 2022?

Who needs this report?

• Advanced battery manufacturers and component providers
• Energy storage technology vendors and integrators
• Transmission and distribution equipment suppliers
• Renewable energy technology providers
• Utilities
• Government agencies and policymakers
• Investor community

Table of Contents

1. Executive Summary

1.1   Energy Storage in Asia Pacific

1.2   Asia Pacific ESS Market Trends

1.3   Asia Pacific ESS Business Models

1.4   Asia Pacific ESS Market Forecasts

2. Market Issues

2.1   Introduction

2.2   Defining Energy Storage

2.2.1     Energy Storage on the Grid

2.2.1.1     ESG Applications

2.2.2     Ancillary Services

2.2.2.1     Ancillary Services Applications

2.2.3     Summary

2.3   ESS Market Environment in Asia Pacific

2.3.1     Japan, Australia, and South Korea

2.3.2     China

2.3.3     Rest of Asia Pacific

2.3.4     ESS Market Opportunities in Asia Pacific

2.4   ESS Market Barriers and Drivers in Asia Pacific

2.5   Installed Capacity Review

3. Asia Pacific ESS Markets by Country

3.1   Introduction

3.2   Market Environment and Policy for Energy Storage Systems: China

3.2.1     Investment Plans in China

3.2.2     ESS Industry in China

3.2.3     Technology Considerations and Opportunities in China

3.2.3.1     Lithium Ion Batteries

3.2.3.2     Flow and Sodium Sulfur Batteries

3.2.3.3     Pumped Storage

3.2.3.4     Renewables Integration Applications in China

3.3   Market Environment and Policy for Energy Storage Systems: Japan

3.3.1     ESS Industry in Japan

3.3.1.1     Sodium Sulfur Batteries

3.3.1.2     Lithium Ion Batteries

3.3.1.3     Flow Batteries

3.3.2     Market Opportunities with Renewable Energies Integration in Japan

3.3.2.1     Solar Market Overview

3.3.2.2     Wind Market Overview

3.4   Market Environment and Policy for Energy Storage Systems: South Korea

3.4.1     ESS Industry in South Korea

3.4.2     ESS Market Opportunities in South Korea

3.5   Market Environment and Policy for Energy Storage Systems: Australia

3.6   Market Environment and Policy for Energy Storage Systems: India

4. Technology Issues

4.1   Introduction

4.2   Technology Definitions

4.3   Advanced Batteries

4.3.1     Advanced Lead-acid Batteries

4.3.2     Sodium Sulfur Batteries

4.3.3     Flow Batteries

4.3.4     Lithium Ion Batteries

4.3.5     Sodium Metal Halide

4.4   CAES

4.5   Pumped Storage

4.6   Flywheel

5. Key Industry Players

5.1   Amperex Technology Ltd.

5.2   BYD Co. Ltd.

5.3   Hanwha SolarOne Co., Ltd.

5.4   Kokam Co. Ltd.

5.5   LG Chem, Ltd.

5.6   NEC Corp.

5.7   NGK Insulators, Ltd.

5.8   Panasonic Corp.

5.9   Prudent Energy Corp.

5.10 RedFlow Ltd.

5.11 Rongke Power

5.12 Samsung SDI Co., Ltd.

5.13 SK Innovation Co., Ltd.

5.14 Sumitomo Electric Industries Co.

6. Market Forecasts

6.1   ESS Market Forecast Overview

6.2   Methodology

6.3   Total ESS Capacity Market Forecast by Technology

6.4   ESS Market Forecast by Technology

6.5   ESS Market Forecast by Country

7. Company Directory
8. Acronym and Abbreviation List
9. Table of Contents
10. Table of Charts and Figures
11. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

• Installed Energy Storage Capacity by Region, World Markets: 2Q 2012
• Total Installed Capacity of Advanced Batteries for Utility-scale Applications by Technology, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Batteries for Utility-scale Applications by Technology, Asia Pacific: 2012-2022
• Percentage of Total Installed Capacity of Advanced Batteries for Utility-scale Applications by Technology, Asia Pacific: 2022
• Total Market Revenue for Advanced Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Lithium Ion Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Flow Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• ESS Market Segmentation
• ESS in Smart Community Programs in Japan
• FIT Programs Activated in July 2012, Japan
• Energy Storage Technologies Performance: Discharge Time vs. Rated Power
• NGK’s Safety Measure Plans for NaS Batteries

List of Tables

• Energy Storage Projects, Asia Pacific
• Key Technology Items and Investment Value in ESS Projects, China: 2013
• Key Players in ESS Markets, South Korea
• Technology Categories for ESS, Asia Pacific
• Summary of the Operating Characteristics of Leading Advanced Battery Technologies
• Total Installed Capacity of Advanced Batteries for Utility-scale Applications by Technology, Asia Pacific: 2012-2022
• Total Installed Capacity of Advanced Lead-acid Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Installed Capacity of NaS Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Installed Capacity of Advanced Li-ion Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Installed Capacity of Advanced Flow Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Installed Capacity of Advanced Sodium Metal Halide Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Installed Capacity of Advanced Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Batteries for Utility-scale Applications by Technology, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Lead-acid Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for NaS Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Li-ion Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Flow Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Sodium Metal Halide Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022
• Total Market Revenue for Advanced Batteries for Utility-scale Applications by Country, Asia Pacific: 2012-2022