Li-ion Battery Market for Energy Storage Systems in the US 2018-2022

Below are some of the key findings from this Lithium ion battery market analysis report

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Overview of the Li-ion battery energy storage market in US 

With the substantial growth of the automotive industry, the demand for lead-acid batteries has increased significantly. Lead-acid batteries are the most commonly used rechargeable batteries for stationary applications. The popularity of these batteries is mainly due to their low-cost and dependability, however, these batteries have several limitations. They are heavy, and their lifespan depends on factors such as charge voltage, discharge, and temperature. Also, they have low-density and cannot be stored in the discharged condition. Such limitations of lead-acid batteries will pose major challenges for developing lead-acid battery technology, and subsequently, drive demand for the Li-ion battery energy storage market in US.

Additionally, the construction industry is addressing the increase in power consumption in buildings by constructing net-zero energy buildings. The energy consumption of these buildings is equivalent to the amount of energy they generate. To achieve this, special construction materials and designs are used to increase building efficiency. The increase in construction of zero energy buildings in the US will drive the solar PV market and thus the Li-ion battery demand for energy storage.

Top Lithium Ion battery companies covered in this market research report

The Li-ion battery energy storage market in US  is highly fragmented and is currently in the growth phase. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this Li-ion battery energy storage market research report for the US also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading Li-ion battery energy storage companies, including:

• BYD Company
• Kokam
• LG Chem
• Panasonic
• SAMSUNG SDI
• TOSHIBA

End-user segmentation of the Li-ion battery energy storage market in US 

• Utility segment
• Non-residential segment
• Residential segment

The utility segment will account for the highest growth in the lithium-ion energy storage battery market. The report provides an accurate prediction of the contribution of the various products segments to the growth of the energy storage Li-ion battery market size.

Key highlights of the Li-ion battery energy storage market report for the US  for the forecast period 2018-2022

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the Li-ion battery market for energy systems in the US during the next five years
• Precise estimation of the energy storage Li-ion battery energy storage market size in US  and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the Li-ion battery industry across the US
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of Li-ion battery companies in the US