Electrical Power Storage Technologies for Alternative Energy Sources 2017-2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Electrical
Power Storage Technologies for Alternative Energy Sources”
report has been added to Research and Markets’ offering.

The global market for alternative energy storage market reached $847
million in 2016. This market should reach $1.3 billion in 2017 and
nearly $5.7 billion by 2022 under a consensus scenario at a compound
annual growth rate (CAGR) of 34.0% through 2022.

Utility-scale power generation has moved beyond the tried and true
coal-fired, oil-burning, natural gas, nuclear, and hydroelectric stages.
Significant amounts of electric power are generated using generally
smaller, alternative sources such as wind, solar, tidal, and geothermal.
As these smaller power generation approaches proliferate, the problem of
off-peak generation becomes important: What if power is generated when
it is not needed? What should be done at night, or when the wind does
not blow, or when it blows too hard? Power system designers are now
rolling out ways to store alternative power so that it can be used when
needed.

At the same time, the power generation mix is roiling. Historically low
natural-gas prices are beginning to rise. The Japanese nuclear power
infrastructure has stabilized, but there are profound concerns about the
Japanese nuclear power situation in general and the overall safety and
desirability of nuclear power in particular. After eight years of a U.S.
administration that strove to wind down coal-burning power plants, the
new U.S. political power brokers are very pro-coal. Despite scientific
consensus around and historic responses to global climate change,
leaders at the very highest levels are backing down on moving away from
fossil fuels. Solar, wind, geothermal, and tidal/wave power generation
technologies have advanced to the point where they can compete with
conventional methods in terms of efficiency, cost-effectiveness, and
environmental impact. This is vital, because government incentives may
be ending or at least retreating.

With this in mind, this report measures and examines the emerging market
for utility-scale, alternative electric power storage, including the use
of batteries, fuel cells, capacitive storage, and flywheel energy
storage. These storage approaches can be deployed using stationary
facilities, mobile arrays, banks of parked electric vehicles, and,
increasingly, smart grids that can combine a variety of approaches.

Batteries as a segment should reach $1.1 billion in 2017 and $5.4
billion by 2022, at a CAGR of 36.0% through 2022.

Fuel cells as a segment should reach $65 million in 2017 and should
reach $131 million by 2022, at a CAGR of 15.0% through 2022.

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Summary and Highlights

Chapter 3: Electrical Power Generation Approaches

Chapter 4: Market Power Grids by Region or Country

Chapter 5: Alternative Power Generation Technologies

Chapter 6: Power Storage

Chapter 7: Power Storage Companies

Chapter 8: Industry Structure

Chapter 9: Alternative Power Storage Markets

Chapter 10: Power Storage Integrators

For more information about this report visit https://www.researchandmarkets.com/research/rkd3qk/electrical_power

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