NanoMarkets
has published a new report titled, "Solar Storage Markets -
2013." This report forecasts revenues from batteries and
supercapacitors for solar energy storage will reach almost $2 billion
(USD) in revenues by 2018.
Glen
Allen, Virginia - January 16, 2013 -- Industry analyst firm
NanoMarkets
has published a new report titled, "Solar Storage Markets -
2013." This report forecasts revenues from batteries and
supercapacitors for solar energy storage will reach almost $2 billion
(USD) in revenues by 2018. Additional details about the report are
available at:
http://nanomarkets.net/market_reports/report/solar_storage_2013.
About
the Report:
This
new NanoMarkets report provides an analysis of worldwide solar energy
storage markets products including lead-acid, lead-carbon, lithium,
NaS, sodium-nickel-chloride, and flow batteries, along with
ultrabatteries and supercapacitors. Storage demand for both retail PV
users and utility-scale solar is analyzed. Eight-year revenue and
volume projections are included with breakouts by technology, and
geography. Also included are profiles of leading-edge solar storage
installations around the world.
Companies
discussed include: Abengoa Solar, Acciona, AES, Altair, Ambri, Axion,
Brightsource, Cellenium, Cellstrom, Cogenra Solar, CSIRO, Daewoo,
Deeya Energy, Ecoult, EDF, Endesa, eSolar, Exide, Fiamm Sonik,
Firefly, Ford, GE, GeoBattery, Gildmeister, Hitachi, Ice Energy,
International Battery, Johnson Controls, KEMA, Kyushu Electric,
Maxwell, Mitsubishi, NEC, Nesscap, NGK, Panasonic, PG&E, Pratt &
Whitney, Premium Power, Prudent Energy, RWE, SAFT, Siemens, Southern
California Edison, RedT, Sumitomo, SunPower, SunVerge, SolarCity,
Tokyo Electric, V-Fuel, VARTA, Xtreme Power and ZBB.
From
the report:
Despite
the considerable technological innovation expected in energy storage,
traditional lead-acid batteries will be the main revenue generator
for solar energy storage over the next decade, accounting for more
than $950 million in revenues in 2018. They are readily available and
low cost, yet have poor lifetimes and are becoming commoditized
products. Lead-carbon technology will improve the margins on this
type of battery and will be used in solar farms and solar-based
microgrid and will generate another $135 million by 2018.
There
is also a growing level of interest in the use of lithium batteries
in the solar sector and sales of these batteries are expected to
generate $235 million by 2018. Lithium batteries are already being
sold for residential and solar-power microgrid applications in the
U.S. and in Germany. And in the next few years, Chinese solar energy
storage firms seem likely to focus on lithium batteries given that
China is a major source of lithium. Nonetheless, NanoMarkets believes
that the future of lithium batteries will depend heavily on continued
government R&D subsidies. Otherwise in most countries, lithium
batteries are likely to remain too expensive for solar applications.
Feed-in
tariffs are declining in key geographies giving PV users an incentive
to store the energy they produce. Battery suppliers are therefore
expecting the market for batteries for residential PV users to
explode and are designing specialized systems to meet the demand.
Meanwhile in California, utilities are facing regulatory requirements
to include storage in new facilities. Similar regulations may come
into force in Germany. NanoMarkets expects such regulatory
requirements to produce new demand for the latest battery
technologies for utility-scale PV and thermal solar facilities; above
the storage at solar utilities that would be required just to
maintain grid stability.
About
NanoMarkets:
NanoMarkets
tracks and analyzes emerging market opportunities in energy,
solid-state lighting, electronics and other markets created by
developments in advanced materials. The firm is a recognized leader
in industry analysis and forecasts for both the energy storage and
the solar energy industry and has been covering this market for more
seven years.
Visit
http://www.nanomarkets.net
for a full listing of NanoMarkets' reports and other services.
Media
Contact:
Robert
Nolan
NanoMarkets,
LC
PO
BOX 3840
Glen
Allen, VA 23058
(804)
938-0030
