Analysis of the buyers of outdoor energy storage power supply

What is the growth rate of industrial energy storage?

The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030. Figure 8. Projected global industrial energy storage deployments by application

Where will stationary energy storage be available in 2030?

The largest markets for stationary energy storage in 2030 are projected to be in North America (41.1 GWh), China (32.6 GWh), and Europe (31.2 GWh). Excluding China, Japan (2.3 GWh) and South Korea (1.2 GWh) comprise a large part of the rest of the Asian market.

Are Li-ion batteries the future of energy storage?

Li-ion batteries are deployed in both the stationary and transportation markets. They are also the major source of power in consumer electronics. Most analysts expect Li-ion to capture the majority of energy storage growth in all markets over at least the next 10 years , , , , .

Which storage chemistry can meet DC market performance requirements?

Another new storage chemistry that provides both high power and very long cycle life, Prussian blue chemistry, can meet the demanding DC market performance requirements. DOE funded a startup with this chemistry and their 2020 launch exceeds 50,000 kW . Li-ion batteries are deployed in both the stationary and transportation markets.

Will Li-ion capture energy storage growth in the next 10 years?

Most analysts expect Li-ion to capture the majority of energy storage growth in all markets over at least the next 10 years , , , , . Li-ion is the fastest-growing rechargeable battery segment; its global sales across all markets more than doubled between 2013 and 2018.

Why is the United States a leader in stationary storage deployments?

In contrast to growth in transportation, the United States is a leader in global stationary storage deployments. This is usually because renewables are often the lowest-cost generation source, but require storage to mitigate variability.