Companies like Alstom power, Axion Power, Beacon power, GE, Maxwell Technologies, Altairnano Technologies, Shandong Sacred Sun Power Source Co., Ltd., Zhejiang Narada Power Source Co., Ltd., Shenzhen Inovance Technology Co., Ltd., Zhongtian Technology Co., Ltd., Fengfan Co., Ltd. & BYD are involved in this research.

Energy storage finds wide application in electric power system, involving all aspects of power generation, transmission, distribution and end user. Technically, energy storage for grid system can be divided into mechanical energy storage, chemical energy storage and electromagnetic energy storage, including the widely used pumped storage under mechanical energy storage, as well as sodium-sulfur batteries, lithium batteries and lead-acid batteries which belong to the scope of chemical energy storage.

In the past five years, the global installed capacity of energy storage for grid system (excluding pumped storage, compressed air storage and thermal storage) has maintained the growth rate of around 20%, hitting 840MW in 2014. By technology, sodium-sulfur batteries and lithium-ion batteries occupy 75% of the global installed capacity together as the mainstream.

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In 2014, China’s installed capacity of energy storage for grid system (excluding pumped storage, compressed air storage and thermal storage) accounted for about 10% of the world, up over 50% from 2013; meanwhile , China’s development pace was far higher than the global growth rate. Unlike foreign counterparts, China emphasizes lithium-ion batteries which share 71% of China’s total installed capacity, followed by the lead-acid batteries with about 14%.

To create a clean, sustainable future, the Chinese government is shifting its focus in policy to clean energy technology. As of the end of 2014, China’s wind power generation installed capacity had reached 114.6GW, becoming the third power source in China following thermal power and hydropower. Meanwhile, China had seen the photovoltaic (PV) power generation installed capacity of 28.1GW, overtaking the United States as the world’s largest PV market. In 2014, the demand of Chinese grid-connected wind power and PV for energy storage equaled to 5.7GW and 3.5GW respectively.

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Now, there has been scores of energy storage enterprises in China. Among them, BYD, China Aviation Lithium Battery Co., Ltd. and Sunwoda Electronic Co., Ltd. employ lithium battery energy storage technology; Zhejiang Narada Power Source Co., Ltd. and Shandong Sacred Sun Power Sources Co., ltd. adopt lead-acid battery technology; Dalian Rongke Power Co. Ltd and Prudent Energy Inc. depend on fluid flow battery technology; Shanghai Electric Group Co., Ltd. and Sieyuan Electric Co., Ltd. resort to sodium-sulfur energy storage technology.

The report is mainly concerned with the followings:
o Development environment, trends, etc. of energy storage for grid system in China;
o Current situation and prediction of energy storage for grid system in China, like market size, competitive landscape, , etc.;
o Status quo and forecast for energy storage applications in China;
o Operation and business analysis of 21 major energy storage companies in China and the world.

Few Points from Table of Contents

List of Charts
Classification of Energy Storage Technologies
Applications of Energy Storage
Application of Energy Storage in Smart Grid
Application of Energy Storage in Electric Power System
Energy Storage Industry Chain
Policies about Energy Storage Industry in China
Technical Indicators of Currently Mainstream Energy Storage Devices for Grid System (I)
Technical Indicators of Currently Mainstream Energy Storage Devices for Grid System (II)
Cumulatively Installed Capacity of Energy Storage Worldwide, 2009-2015
Shares of Major Technology Roadmaps for Global Energy Storage System in 2014
Cumulatively Installed Capacity of Energy Storage in China, 2011-2015
Distribution of Energy Storage Projects by Regions in China, 2014
Distribution of Applications of Energy Storage for Power System in China, 2014
The Leading Energy Storage Enterprises and Technology Roadmaps in China
Installed Capacity of Pumped Storage in China, 2010-2015
Chinese Vanadium Battery Enterprises and Their Business Scope
Windpower Installed Capacity in China, 2009-2015
Windpower Energy Storage Demand, 2009-2015
PV Installed Capacity in China, 2009-2015
Energy Storage Demand of PV Power Generation in China, 2009-2015
Revenue and Net Income of Alstom, FY2010-FY2014
Revenue of Alstom (by Products), 2011-2013
Revenue and Net Income of GE, 2011-2015
Revenue of GE (by Division), 2013-2015
Revenue and Net Income of Maxwell, 2011-2015

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Source: http://marketersmedia.com/china-energy-storage-for-grid-system-market-report-2015-2018/92717

Release ID: 92717