Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
It’s Only Common Sense: Storytelling That Sells—Stop Pitching, Start Painting Pictures
The Right Approach: Get Ready for ISO 9001 Version 6
Six Predictions that Will Shape the Global Energy Storage Sector in 2018
May 1, 2018 | Frost & SullivanEstimated reading time: 2 minutes
The energy storage market is being swept by a wave of disruptive technologies and business models with companies looking to capitalize on this lucrative sector. Frost & Sullivan’s recent analysis, Global Energy Storage Market Outlook, 2018, finds that the total installed capacity will grow 15.9% between 2017 and 2018, and the top six countries (China, US, South Africa, Chile, France, and Israel) will complete installation of 1,369 MW of grid-scale ESS projects in 2018.
The study covers alternative energy storage technologies such as thermal energy storage, flywheel energy storage, compressed air energy storage, and supercapacitors and batteries that are used for renewable energy storage, as well as in consumer, industrial, and electric vehicles. Technology forecasts, applications, and regional trends (Asia-Pacific, Europe, and North America) along with key government initiatives, value chain analysis, and emerging companies are also provided.
“In the alternative energy storage systems market, concentrated solar projects with thermal energy storage are rapidly gaining traction due to falling photovoltaics prices and proven storage technology,” said Utham Ganesh, Energy & Environment Research Analyst at Frost & Sullivan. “Solar and storage technology is widely becoming the preferred mode of energy storage in the global residential market.”
To gain a competitive advantage, Ganesh says players should focus on providing “energy storage-as-a-service” that can deliver value to businesses and mitigate financial obscurities.
Six predictions that will unlock growth opportunities in the global energy storage sector:
- Global ESS installed capacity will grow by 20.4% in 2018.
- Li-ion will remain dominant, with notable growth expected for flow batteries: While Li-ion continues to lead battery technology, flow batteries are increasingly penetrating the US and Asia-Pacific regions.
- New business models, such as the energy service company model, are emerging.
- Molten salt thermal storage market will dominate in 2018: Projects in China, Africa and South American countries will help continue this trend from 2017.
- Government incentives will drive growth: Subsidies will be vital in driving EV and residential systems, while utility-scale systems will begin to compete commercially with traditional peak power plants.
- Mergers & acquisitions trend: Energy companies are expected to continue acquiring or partnering with energy storage solution providers and unlocking new revenue streams.
“Energy storage is strongly dependent on energy policies and incentives. The current lack of clearly defined policies and inadequate financing will hinder energy storage project adoption,” noted Ganesh.
Global Energy Storage Market Outlook, 2018 is part of Frost & Sullivan’s Energy & Environment Growth Partnership Service program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
AI-Powered Wearables Transform How Consumers Interact with Everyday Technology
09/15/2025 | PR NewswireThe global demand for AI-driven, touchless wearable technologies is accelerating as consumers seek more natural, seamless and intuitive ways to interact with their devices. Traditional touch screens and voice assistants, while effective, are increasingly viewed as limiting in a world where multitasking, mobility and efficiency are key. As industries from consumer electronics to augmented reality and enterprise computing embrace the possibilities of gesture-based control, the market for neural interfaces is rapidly expanding
Hanwha Aerospace to Collaborate with BAE Systems on Advanced Anti-jamming GPS for Guided Missiles
09/15/2025 | HanwhaHanwha Aerospace has signed a contract with BAE Systems to integrate next-generation, anti-jamming Global Positioning System (GPS) technology into Hanwha Aerospace’s Deep Strike Capability precision-guided weapon system.
United Electronics Corporation Unveils Revolutionary CIMS Galaxy 30 Automated Optical Inspection System
09/11/2025 | United Electronics CorporationUnited Electronics Corporation (UEC) today announced the launch of its new groundbreaking CIMS Galaxy 30 Automated Optical Inspection (AOI) machine, setting a new industry standard for precision electronics manufacturing quality control. The Galaxy 30, developed and manufactured by CIMS, represents a significant leap forward in inspection technology, delivering exceptional speed improvements and introducing cutting-edge artificial intelligence capabilities.
Intel Announces Key Leadership Appointments to Accelerate Innovation and Strengthen Execution
09/09/2025 | Intel CorporationIntel Corporation today announced a series of senior leadership appointments that support the company’s strategy to strengthen its core product business, build a trusted foundry, and foster a culture of engineering across the business.
DARPA, State of New Mexico Establish Framework to Advance Quantum Computing
09/08/2025 | DARPAAs part of the Quantum Benchmarking Initiative (QBI), DARPA signed an agreement with the State of New Mexico’s Economic Development Department to create the Quantum Frontier Project.