Lithium ion Battery Market for ESS in APAC 2015-2019

NEW YORK, June 30, 2015 /PRNewswire/ -- About Li-ion Battery for ESS
Energy storage is the mechanism of storing electricity during the off-peak period and supplying the stored electricity during the on-peak period. An ESS stores the excess electricity, which can be utilized during power shortages, power blackouts, and peak hours of demand. Various technologies such as pumped-hydro storage systems, flywheels, advanced batteries (li-ion), and other evolving technologies such as CAES are available for ESS. Li-ion batteries are increasingly being preferred because of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Rapid technological evolution will enable large-scale storage of electricity in li-ion batteries. Such electricity storage is required when the amount of electricity generated is greater than the electricity demand.
Technavio's analysts forecast the li-ion battery market for ESS in APAC to grow at a CAGR of 17.3% over the period 2014-2019.

Covered in this Report
The report covers the present scenario and the growth prospects of the li-ion battery market for ESS in APAC for the period 2015-2019.3 The market is segmented on the basis of the following: technology and ownership model.
Technavio's report, Li-ion Battery Market for ESS in APAC 2015-2019, has been preparedbased on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lithium-ion-battery-market-for-ess-in-apac-2015-2019-300106880.html

SOURCE Reportlinker

[ Back To TMCnet.com's Homepage ]