Asia Battery Energy Storage Market to See High Growth, Forecasts Kuick Research in Its New Report Available at MarketPublishers.com25 Oct 2016 • by Natalie Aster
LONDON – Governments and companies from pole to pole are making attempts to improve the way they store and distribute energy. As a result, there is swift growth in the variable renewable energy which, in consequence, encourages efforts to make the electricity system modern.
Some countries can boast a high level of penetration, and they face an increasing need in the sources contributing to the flexibility of a system.
Battery storage represents one of the options that make it possible to enhance flexibility of a system in these circumstances since it allows managing supply fluctuations of electricity. One more advantage of battery storage is an increase in the local penetration and self-consumption from small-sized PV facilities installed at households and commercial facilities.
Asian countries are some of major drivers of significant growth in the electricity generation capacity from sources of renewable energy.
Renewable-based power generation projects are being actively deployed in this region. Many of these facilities are integrated with the battery storage system, creating good growth opportunities for the battery market.
The number of grid-connected renewable generation plants is on the rise and is expected to maintain such growth in the years to come. The growth will be particularly high in India, South Korea, China, the Philippines and Japan.
A number of leading manufacturers are based in South Korea, Japan, China and Taiwan. That is why overseas manufacturers face certain difficulties when they attempt to enter the Asian marketplace.
New research report “Asia Battery Energy Storage Market Opportunity Analysis” drawn up by Kuick Research offers an up-close look at the Asian market for battery storage. The study starts a 360-degree overview of the battery storage system. It covers technological aspects in detail and delves deep into battery energy storage applications.
The report focuses on major countries, such as Japan, South Korea, China, etc. The research study throws light on favorable market parameters and examines commercial issues and challenges that need to be resolved. Company profiles and future outlook for the Asian market are on hand in the research report, too.
More new studies by Kuick Research can be found at its page.