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Report on China Energy Storage for Grid System Industry [2015-2018]

Press Release   •   Dec 04, 2015 12:26 IST

Dec., 04, 2015, Mumbai, India: Market Reports on China presents the report, on “Report on China Energy Storage for Grid System Industry [2015-2018]”. 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.

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.

In 2014, Chinas 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 , Chinas development pace was far higher than the global growth rate. Unlike foreign counterparts, China emphasizes lithium-ion batteries which share 71% of Chinas 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 worlds 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.

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

Table of Contents

1 Overview of Energy Storage for Grid System
1.1 Definition and Classification
1.2 Application
1.3 Industrial Chain
1.4 Existing Problems

2 Status Quo of Energy Storage for Grid System in China
2.1 Policy Environment
2.2 Technology Environment
2.3 Scale of Energy Storage
2.3.1 Global Market
2.3.2 Chinese Market
2.4 Competition Pattern
2.4.1 Competition among Enterprises
2.4.2 Pumped Storage
2.4.3 Lithium Battery
2.4.4 Flywheel Energy Storage
2.4.5 Liquid Flow Battery Energy Storage
2.4.6 Compressed Air Energy Storage
2.4.7 Sodium-sulfur Battery

To view a full Executive Summary and Table of Contents, please visit:http://www.marketreportsonchina.com/energy-utility-market-research-reports-18790/china-energy-storage-grid-system.html

Related Reports:http://www.marketreportsonchina.com/market-research-report/energy-utility.html

About Author Bio: Sarah Davis is working with MarketReportsonChina which is a portal where you can access thousands of reports on China starting from Aeronautics to Zinc (A-Z). The website provides market reports on different sectors.

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