22 FROST & SULLIVAN: REPORT


Looking At Industrial Batteries for Grid


Applications Battery systems connected to large solid-state converters have been used to stabilise power distribution networks in Europe & the Americas


Some grid batteries are co-located


with renewable energy plants, either to smooth the power supplied by the intermittent wind or solar output, or to shift the power output into other hours of the day when the renewable plant cannot produce power directly. These hybrid systems (generation + storage) can either alleviate the pressure on the grid when connecting renewable sources or be used to reach self-sufficiency and work "off-the-grid".


* Molten-state batteries: These


batteries are composed of two molten metal alloys separated by an electrolyte. They are simple to man- ufacture but require a temperature of several hundred degree C to keep the alloy in a liquid state. This technology includes ZEBRA, Sodium- sulphur batteries and liquid metal. Sodium sulphur batteries are being used for grid storage in Japan and in the United States. The electrolyte is composed of solid beta alumina. The liquid metal battery, developed by the group of Pr. Sadoway, uses molten alloys of Magnesium and antimony separated by an electrically insulating molten salt. * Flow batteries: In rechargeable


flow batteries, the liquid electrodes are composed of transition metals in water at room temperature. They can be used as a rapid-response storage medium. Vanadium redox batteries is another flow battery. They are installed at Huxley Hill wind farm (Australia), Tomari Wind Hills at Hokkaidō (Japan), as well as in non- wind farm applications.


Frost & Sullivan’s Global Industrial Battery Market, Forecast to 2023


The global industrial battery market is


a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023.


The major factors driving industrial


batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage


represent a unique asset in the midst of the rising demand for electricity and the increasing penetration of renewable energy resources. Overall, the demand for lead acid bat-


teries is expected to remain stable throughout the forecast period despite the rapid proliferation of lithium ion and primary lithium batteries, particularly in the healthcare, aerospace and defense, and energy storage segments. The Asia Pacific region is set to witness the highest growth rate in the industrial battery market during the forecast period, although North America is also forecast to make steady revenue contri- butions. Market trends are analyzed for the period 2014 to 2023, with the base year being 2016. Drivers and


restraints, competitive analysis, market trends, growth opportunities, battery


chemistries geographical trends, and revenue forecasts for the


Worldwide Independent Power January - February 2018 www.gmp.uk.com


period 2014 to 2023 are also provided. The market is analyzed holistically


through two main segments: battery chemistry and end user application. The major end user applications include batteries for telecom and data communication, UPS/backup, industrial equipment, aerospace and


defense, medical, and battery energy storage for grid applications. Various battery chemistries such as lead acid, lithium ion, primary lithium, nickel-based, and emerging chemistries are discussed. The geographical scope of the study includes North America, Europe, Asia Pacific, and the rest of the World. This study includes profiles of key


players in the global industrial battery market including EnerSys, Exide Technologies, SAFT, and GS Yuasa. In addition to industry challenges, drivers and restraints, the report also highlights certain upcoming technology trends. Further to market growth and trend analysis, the market study also identifies and evaluates growth opportunities in this market and describes how companies can capitalize on these emerging opportunities.


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