Industry News

Who is in charge of the demand for energy storage batteries

0 Published by admin Jan 01,1970

Energy storage cells for microgrids are energy stores that store electrical energy and supply energy when needed. This battery system has the added advantage of matching generation to time of use and enables peak shaving applications. Even a small amount of energy storage can have a major impact on reducing fuel costs, maintenance and omissions of diesel or biodiesel generators.

 

It is understood that a microgrid battery energy storage market research report recently said that by 2025, the global microgrid battery energy storage demand will reach 340 million US dollars.

 

Global energy storage battery companies for the microgrid industry are mainly concentrated in the European Union, the United States and Japan. The world's leading companies in this market are NGK Group, Samsung SDI, NEC, Panasonic, MHI and Toshiba, which accounted for 49.38% of the global market revenue in 2015. In China, the market leader is BYD, Ningde era and so on.

 

From the perspective of market consumption, the United States and China are the major consumers of global energy storage batteries in the microgrid market. Energy storage batteries for microgrids are mainly used in households, businesses, and utilities. In 2017, the application market share of public utilities was as high as 87.68%.

 

The global microgrid market energy storage battery demand in 2017 is 190 million US dollars, will reach 340 million US dollars by the end of 2025, compound annual growth rate of 7.5% in 2018-2025.

 

Currently, the main challenge affecting market growth is the limitations of the downstream market. Due to the large demand for energy storage products at home and abroad, many companies have begun to enter the field. China's energy storage batteries for microgrids have not only begun to shift to the field of renewable energy devices, but also extended to the downstream industry chain.

For more about manufacturing Energy storage Battery products, please visit https://www.bullsbattery.com/

 

< >