While the concept of energy storage has been in limited use for many years, recent technological innovations have opened a host of new opportunities. At the heart of many technological innovations are the batteries that store the power needed to drive these breakthrough innovations. At a grander scale, a growing focus on smart cities, smart buildings, and smart infrastructure, as well as wearable devices, have highlighted batteries and energy storage as a key solution in enabling these advances.
The global energy storage market will be a huge opportunity for growth. Frost & Sullivan's Energy Storage Program Area provides global industry analysis that is designed to help your firm grow. With our finger on the pulse of markets across the globe, we offer strategic insights and consulting expertise that goes beyond mere research and engage with clients to provide insights into established and emerging market and knowledge of the changing regulatory environments around the world. The key focus areas include:
- Primary or non-rechargeable batteries
- Secondary or rechargeable batteries
- Emerging battery chemistries
- Others key energy storage technologies such as ultracapacitors, flywheel, and fuel cells
- Related services and solutions
Meet the Team
Senior Industry Analyst
Frost & Sullivan's expertise in Energy Storage includes technology, application and business aspects covering the following areas:
Emerging Storage Technologies
Lithium Ion batteries will be joined by other emerging technologies including flow batteries, Metal Air, Sodium Ion and Advanced Lead Acid batteries.
New innovative business models including XaaS and leasing will determine the future direction for energy storage market development. Internet of Energy enabled by storage becoming a reality.
Frost & Sullivan’s coverage ranges from the small batteries for wearable devices, home energy storage systems, to large energy non-battery storage systems like Compressed Air and Hydrogen Storage.
As Energy Storage becomes increasingly critical for grids and industry, more focus will follow on ancillary services such as frequency regulation, voltage support, time shift, black start, reserve capacity etc.
Energy Storage plays a major role in time shift and grid stabilization, due to the rapid growth of intermittent renewable energy sources like wind and solar.
Regulatory mandates will drive procurement of energy storage capacity, performance based regulation, developing a competitive pricing mechanism for energy storage operating in generation and grid markets.
Research and Current Insights
Energy Storage is playing an increasingly important role in today’s energy world, backing up renewable generation, stabilizing grid power, and providing continuous operation for critical applications such as data centers and industry. On the technology side, lithium Ion batteries will be joined by other emerging technologies including flow batteries, metal air, sodium ion and advanced lead acid batteries. New innovative business models including XaaS and leasing will determine the future direction for energy storage market development, making the Internet of Energy a reality.
Frost & Sullivan’s Energy Storage program area ranges from the small batteries for wearable devices, home energy storage systems, to large energy non-battery storage systems such as compressed air and hydrogen storage.
Energy Storage Research
Over the last two years, the type of investment in electricity generated has changed when compared to the investment environment of the last decade. Although big thermal power plants are still being commissioned, the growth rate of renewable investments is significantly higher than that of thermic…
The biomass power market has evolved into a key energy source on the global stage. While decentralised energy is fast gaining attention over centralized power generation, renewable energy will continue to be an attractive source of energy with biomass set to benefit. Energy system flexibility,…
This study covers the latest trends in various technologies in the energy storage market. The technologies covered in the study are battery, compressed air, supercapacitors, thermal, and flywheels. The study period is 2015 to 2020. The base year of the study is 2015. The applications covered are…
This study analyses the potential for batteries powering wearable devices globally. Various battery chemistries such as lithium-ion, lithium polymer, thin film batteries, and emerging technologies are discussed. Major end-user applications include batteries for healthcare wearables, industrial and…
On 23 June 2016 the United Kingdom voted to leave the European Union, revoking its status as a member state. This landmark referendum, referred to as Brexit, has sent shock waves across Europe and the world causing significant uncertainty within markets, including energy. This market insight…
The Paris Climate Change Agreement was a significant step towards an ultimate goal in ending the fossil-fuel era. A key output of the conference was to hold governments and the participating countries accountable for the rise in greenhouse gas emissions. The focus of this agreement was to end any…
This snapshot analyzes the market for small-scale distributed generation (DG) from renewable sources in Brazil, which took off after the approval of net metering resolutions 482/2012 and 687/2015 by Brazil s regulatory agency, ANEEL. Renewable DG technology scope includes grid-tied solar…
This study analyses the global market for hybrid energy systems. Installed capacity and revenue forecasts, drivers and restraints, global hotspots, case studies, and market trends are evaluated in detail to give a clear vision of the growth path for this market. The climate change debate has brought…
This research provides insights, trends, and outlook for South Korea's energy and environment industry. As one of the largest economies in the world, South Korea is committed to sustaining its economy with the development of clean energy and green technologies in environmental markets. While South…
Africa is home to 15% of the world s population. The electrification and water accessibility rates in the continent are not very promising. The region s peak demand is about 74,000 MW but the current generation capacity is just 50% of it. Water scarcity and drought are taking a toll on both the…
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Interviews & TV Appearances
The latest insight into the hot world of commodities and the companies that produce them, including interviews with mineral and mining entrepreneurs from Canada and around the globe
The energy and environment industry, once staid and steady, has seen new and rapid changes across the market’s varied and increasingly diverse sectors. Renewable energy has now become a significant portion of the world’s energy production, natural gas has found multiple adherents and controversies with the expansion of the market through fracking, and services to the industry are evolving to leverage the huge influx of information through the Internet of Things and related data analytics solutions. Energy storage will continue to be a growth market while, further in the future, water and waste water are likely to be pivotal concerns and opportunities for both emerging and existing economies.
We work closely with the world’s largest OEMs, utilities, service providers and IT firms to help them find the opportunities in this sea of change. Tailored, customized solutions provide clients with the best strategies for growth, supported by the right key data points researched to meet the client’s needs and the specific engagement. Key projects have included helping clients expand their businesses into new geographies, with new customer groups and by developing new solutions. We can provide services at any point in the business strategy cycle: from ideation to implementation, data collection to strategy creation, voice of customer insights to marketing services.
Frost & Sullivan's team can support your organization on each of the following areas:
- Geographic Expansion
- Ideation and Mega Trend Growth Workshops
- Voice of Customer and Customer Strategies
Brand and Demand Marketing Outreach and Solutions
- New Product Launch
- Presenting Thought Leadership and conducting strategy workshops at your yearly business planning or customer events
- Sourcing and supply chain development and market analysis.
- Supply chain strategy for major utilities, to enable them to better plan budgets and negotiate supplier contracts
- Voice of customer with power plant owners/operators to help an OEM develop new service solutions
Brand and demand suite of services to enable major international conglomerates to target new services to selected verticals
Full analysis of the value chain for fuel cells, generators, steam turbines, gas turbines, wind turbines and solar power to ascertain environmental practices and areas of corporate social responsibility, for a major global standards firm in order to develop a long term global expansion strategy in the energy industry
Go to market strategies for deploying new and innovative solutions in digital oil fields
We specialize in running growth workshops with our clients which help us take a cross functional team of our client, within span of a day from information to implementation.
Preparation of the workshop includes:
- Identify key project stakeholders
- Align on workshop agenda, objectives and activities
- Conduct stakeholder interviews/surveys
The workshop itself includes the following:
- Share relevant research findings and stakeholder interviews
- Hold an ideation and filtration phase to identify the universe of opportunities, then quickly determine those with best fit based on internal and external forces
- Conduct an interactive and thorough rating and ranking process to further identify the top one to three go-to-market solutions
- Prioritize implementation plans and assign owners for next steps
Post-workshop activities include:
- Compile findings and next steps from workshop
- Recommend action steps/follow-on work
Additional services: Provide implementation, integration, and marketing solutions to support strategic outcomes of the project.
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