Top 5 Vendors in the Global Energy Storage Market for Satellites from 2017 to 2021 | Technavio

December 18, 2017

LONDON–(BUSINESS WIRE)–#Energy—Technavio
has announced the top five leading vendors in their recent global
energy storage market for satellites report. The global
energy storage market for satellites is expected to grow at a CAGR of
over 5% during the forecast period.

Competitive vendor landscape

According to the research analysis, the global energy
storage market for satellites is highly competitive, where vendors
compete based on component cost, technological advances, lightweight,
and reliability. To survive and prosper in such a competitive
environment, it is crucial for vendors to optimize their product
development process to provide cost-effective and high-quality products
and solutions.

“The introduction of new energy storage technologies and increased
investments in the global satellite market are likely to intensify the
competition among players. New and existing vendors are making numerous
modifications to advance their sales and sustain their operations, as
the dynamic forces for the energy storage market for satellites are
volatile due to the emergence of new energy storage technologies,” says
Thanikachalam Chandrasekaran, lead energy
storage research analyst from Technavio.

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Technavio market research analysts identify the following key
vendors:

EaglePicher Technologies

EaglePicher Technologies is an industry leader in integrated power
solutions. The company offers a wide range of energy storage solutions
for satellites and space applications. It is one of NASA’s most trusted
battery suppliers. The company has powered manned and unmanned missions
including Mercury, Gemini, Apollo, Lunar Rover, Hubble Space Telescope,
and the International Space Station as well as hundreds of other
commercial, military, and scientific programs.

EnerSys

The company manufactures and distributes industrial batteries and
related products, such as outdoor cabinet enclosures, chargers, battery
accessories, and power equipment. It offers customer-support and related
after-market services for industrial batteries. EnerSys also designs and
manufactures custom, state-of-the-art batteries for military, space, and
aviation applications.

GS Yuasa Lithium Power

GS Yuasa Lithium Power (GYLP) is the leading manufacturer of Li-ion
batteries and has developed a large format prismatic Li-ion battery.
Several of its Li-ion cells have been qualified for space travel,
including a man-rated battery system that has NASA qualification
standards for crewed space vehicle (CSV) operation. More than 50
satellites launched in the last two decades have GS Yuasa Lithium Power
Li-ion cell technology power systems.

Mitsubishi Electric

Mitsubishi Electric operates on the corporate principle of contributing
to creating an affluent and vibrant society by enhancing its
technologies, creative powers, and services, as a leader in the
manufacturing and sales of electric and electronic equipment used in
various end industries. The company has been supplying satellite bus
equipment such as solar array panels, heat pipe panels, structural
panel, and batteries to overseas satellite manufacturers for over 30
years.

Saft

Saft manufactures and markets non-rechargeable and rechargeable
batteries. It sells its products in Europe, North America, Asia/Oceania,
MEA, and South America. Saft is one of the major players in the global
energy storage market for satellites. The company offers lithium battery
for satellites. The company caters to aviation, defense, marine, oil and
gas, railways, space, and telecom industries.

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