Energy Storage Value Chain Monitor

INTRODUCTION

The energy storage market is a culmination of four influencing factors: renewable generation penetration, new business models in the power grid, EV roadmaps and charging infrastructure​, and conventional generation solutions. Given the increasing importance of these factors, especially aggressive renewable energy targets and EV growth plans, the demand for energy storage is continually increasing. Using top-of-the-line analytics tools, PTR’s Energy Storage Service provides an in-depth analysis of energy storage systems, the installed base, technologies, applications, and the energy storage value chain by country and region to help you gain a better understanding of the overall energy storage ecosystem. ​

From a global lens, over the past decade, the regional split of the Battery Energy Storage Systems (BESS) installed base shows that the Asia Pacific region hosts the greatest number, followed by Europe, North America, the Middle East & Africa region, and then South America. In the APAC, Europe, and North America regions, the technology split is mostly Mechanical and Electromechanical as to where in the Middle East & Africa  and South America regions, this division is mostly Mechanical and Thermal.

Globally, Mechanical still dominates the overall market with a staggering 94% share, with Electrochemical at 4%, followed by Thermal, Electrical, Chemical, etc. In recent years, there has been a huge surge in the deployment of Lithium-ion based storage systems (which dominate the Electromechanical split), from small residential or commercial systems of few kW up to colossal installations of 50-100 MW. Falling Lithium costs is one of the major drivers for shift towards Lithium batteries. Moreover, Lithium-ion batteries are well-suited to shorter duration grid ancillary applications, making them the preferred choice.

Taking a look at North America in particular, the United States has the highest installed base partially attributed to mandated energy storage procurement targets for investor-owned utilities. Frequency remains a key energy storage use case in this region. Installations in the PJM area have contributed to this, where rapid deployment of utility scale BESS was done by the independent power producers because of a specific market product for fast-frequency regulation. Recently, however, a wider array of applications is seen with more and more projects catering to multiple revenue streams and exploring new financial models.

Over in the East, China has the highest deployments in the APAC region. The refinement of policy related to ancillary services has created a wave of energy storage construction and development in the country. On average, it takes approximately 2 years for a BESS to be deployed after getting announced. Due to the strength of the local battery supply chain, China’s reliance on other countries for procurement of batteries is little, thereby cutting down on this procurement time.

In understanding the various technologies in this segment, their market trends and drivers, policies that impact market dynamics, and concrete figures of what’s out there, what’s expected to come out there, and what future forecasts looks like, PTR’s Energy Storage Service serves to consolidate all of the relevant information into its Project Database, Power BI Report, and Storage News App. Where it takes a plethora of knowledge and drawing fine distinctions to extract meaningful insights, PTR does that for you so that all you have to do is figure out the action steps you want to take as a result.

    Key Questions Addressed in the Service
    • What are the recent project developments around the world?
    • Who is working with whom across the value chain?
      1. Developers
      2. System Integrators
      3. Battery/PCS providers
      4. Software Providers
    • Competitive Analysis from different lenses?
      1. Global Player Positioning
      2. Regional Level
      3. Country Specific Level
      4. Company Specific Analysis
    • Which technologies are dominating the stationary storage landscape?
    Scope of Research – Energy Storage

    An extensive Excel database of exhaustive energy storage project spanning 5 regions and 114 countries, with key datapoints provided for each project. The database contains:

    • Over 4,000 projects
    • Pipeline projects till 2026
    • Project data that includes:

    • Technologies:

    • Installation types:

    • Applications:

    Product Introduction

    An extensive Excel database of exhaustive energy storage project spanning 5 regions and 114 countries, with key datapoints provided for each project. The database contains:

    • Over 4,000 projects
    • Pipeline projects till 2026
    • Project data that includes:

    • Technologies:

    • Installation types:

    • Applications:

    Projects from 5 Regions and 117 Countries Including Pipeline

    Delivery Format
    Project Database in Excel

    In addition to the interactive analytics through PowerBI and analysis via PowerApps, excel file with all the projects is also available to download should you wish to analyze the data using your internal systems. 

    Report and Analysis in Power BI

    We take a lot of pride in what we do for our clients as we aim to surpass ambiguous methodology and uninspired presentation, which has led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. With this service, we aim to transform the way you digest the market information.  We are using interactive PowerBI platform as the delivery vehicle for this service. The access is granted through login credentials accessible via Computer, Tablet or Phone:

    Why Choose Power Technology Research?

    Too often is third-party market research disregarded by decision makers due to ambiguous methodology and uninspired presentation. This had led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. Our goal is to change that, and bring back pro-active decision making within the global power and e-mobility sectors by providing market research based on a transparent and flexible methodology.

    While working with you, we will do everything to ensure that we are strictly following our three pillars of excellence: Transparency (meaning no black-box datasets with our analysts supporting the data provided), Diligence (deep technical knowledge translating into the research for you) and Digestibility (ensure working with you once you have purchased the service, to answer any questions so you can utilize the data as you intended). These claims are backed by our track record of working with some of the largest companies in industry and their testimonials.

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    Infineon Technologies (Client Partner Business Intelligence & Development)

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