Grid Storage Market in China 2010–2014 by InfinitiResearch

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									2010–2014   Grid Storage Market in China




                               technavio insights
2010–2014              Grid Storage Market in China




            CONTENTS


            01. Executive Summary ..............................................1

            02. Introduction ...........................................................2

            03. Market Coverage .................................................3

            04. Market Landscape ................................................4

            05. Vendor Landscape ...............................................5
            06. Market Growth Drivers ..........................................6

            07. Market Challenges ...............................................8

            08. Market Trends ......................................................10

            09. Key Vendor Analysis ...........................................12
            09.1 Hipower New Energy Group Co., Ltd. ............................. 12

            09.2 Optimum Battery Co., Ltd. ................................................. 13

            09.3 Zhuhai Sanchuan Electronic Technology Co.,
                   Ltd. ......................................................................................... 14

            09.4 Heter Electronics Group Co., Ltd. ..................................... 15

            10. Other Reports in this Series .................................16




2010–2014                                                               Grid Storage Market in China
2010–2014          Grid Storage Market in China




            EXHIBITS

            Exhibit 1: Grid Storage Market in China 2010–2014 (US$
                       million) ....................................................................................4




2010–2014                                                             Grid Storage Market in China
Grid Storage Market in China                                                                                 1

      01. Executive Summary
                                   2010: US$28 million
       Market Size
                                   2014: US$341 million

       Growth Rate                 87.7 percent CAGR

                                   Residential customers
       Key           Customer
                                   Commercial customers
       Segments
                                   Power Utilities

                                   Increased Demand for Distributed Energy Resources
                                   Increasing Investment in Smart Grid Construction
       Trends
                                   Growth in Demand for Energy
                                   Increasing Investment in Storage Technology

                                   Increase in Government Initiatives to Enhance Growth of Grid
                                    Storage Market in China
                                   Need to Reduce Intermittent Power Supply
       Drivers
                                   Integration of Renewable Energy into Chinese Power Grid
                                   Growing Demand for Power
                                   Rise in Production of Electric Vehicles

                                   High Storage System Costs
       Challenges                  Limited Familiarity with Related Technology
                                   Loss of Stored Energy

                                   Do-Fluoride New Energy Technology Ltd.
                                   Fuan Yinxin Power Sources Co., Ltd.
                                   Heter Electronics Group Co., Ltd.
                                   Hipower New Energy Group Co., Ltd.
                                   Hubei Camel Special Power Supply Co., Ltd.
       Key Vendors
                                   Optimum Battery Co., Ltd.
                                   Shandong Yaneng New Energy Equipment Co., Ltd.
                                   Sunbright Power Co., Ltd.
                                   Toppow (Shenzhen) Batteryco Co., Ltd.
                                   Zhuhai Sanchuan Electronic Technology Co., Ltd.




2010–2014                                                                         Grid Storage Market in China
Grid Storage Market in China                                                                                 2

      02. Introduction
      Grid energy storage is a technique of large scale storage of electricity in a power grid. Such
      electricity storage is required when the amount of electricity generated is greater than the
      demand for it. The surplus electricity saved in energy storage systems is supplied to customers
      when the demand is higher than the generation capacity. Grid storage is a mechanism of
      storing electricity during the off-peak period, and supplying the stored electricity during the on-
      peak period.

      The China Grid Storage market will experience rapid growth during 2010–2014. One of the
      reasons for this rapid growth is the increased focus on the reduction of power blackouts in the
      country. China holds a share of five percent in the Global Grid Storage market. The China Grid
      Storage market is currently growing at a CAGR of 87.7 percent.

      The growth of the China Grid Storage market is driven by numerous factors. One of the key
      factors driving the China Grid Stor
								
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