Lithium ion Battery Market for ESS in APAC 2015-2019

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Lithium ion Battery Market for ESS in APAC 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “Li-ion batteries are extensively used in the automotive sector. The demand for HEVs, PHEVs, and PEVs has increased over the past decade. Consumers are also increasingly aware of the need to contribute to a greener planet. While sales of EVs are rising every year, this has led to a corresponding global demand for batteries.”

• ESS are used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. Such ESS is useful when the amount of electricity generated is greater than the electricity demand. The surplus electricity saved in ESS is supplied to customers when demand exceeds generation.

• The market is expected to grow at a CAGR of 17.3% during the forecast period.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Lithium ion Battery Market for ESS in APAC 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

Lithium ion Battery Market for ESS in APAC 2015-2019

A123 Systems

BYD

LG Chem

A123 Systems was founded in 2001 and is headquartered in Livonia, US. The company manufactures and supplies nanophosphate lithium-ion (lithium iron phosphate) batteries and energy storage systems.

BYD was established in 1995 and is headquartered in Pingshan, Shenzhen, China. The company is a supplier of rechargeable batteries. The company specializes in the IT, Automobile, and New Energy sectors. It develops green products such as solar farms, electric vehicles, battery energy storage stations, and LEDs.

LG Chem was founded in 1947 and is headquartered in Yeongdeungpo-gu, Seoul, South Korea. The company manufactures, supplies, and exports petrochemical goods, information and electronic materials, batteries, and related products and solutions.

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Market Landscape

• ESS play a very important role in APAC, a region which is seeing growing deployment of smart grid networks.

• As smart grids proliferate, the market for ESS is likely to grow significantly on the back of extended energy needs in the non-grid-connected regions.

• Moreover, steadily increasing populations have exerted tremendous pressure on power utilities to improve energy efficiency, reduce T&D losses, and to minimize GHG emissions.

• Many developing countries in APAC plan to install or deploy smart grid systems to boost energy efficiency.

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Lithium ion Battery Market for ESS in APAC 2015-2019

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