Solar Energy Storage Market to Touch Nearly $2 billion in 2018, Demand for Solar in Latin America Soars

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FARMINGTON, Conn., Jan. 17, 2013 /PR Newswire/ --

Four new significant market research reports are available from Global Information (GII) for executives and their organizations seeking strong historic and forecast data to facilitate their decision-making concerning the global market for solar photovoltaics, solar storage and energy harvesting. The reports provide answers to key questions such as what are the growth prospects for solar PV over the next several years, what factors affect solar PV pricing, what are the major trends and macroeconomic factors influencing the solar PV market, what storage technologies for solar generated power are currently available, and more.

Solar Storage 2013

Despite the considerable technological innovation expected in energy storage, traditional lead-acid batteries will be the main revenue generator for solar energy storage over the next decade, accounting for more than $950 million in revenues in 2018. They are readily available and low cost, yet have poor lifetimes and are becoming commoditized products. Lead-carbon technology will improve the margins on this type of battery and will be used in solar farms and solar-based microgrid and will generate another $135 million by 2018.

There is also a growing level of interest in the use of lithium batteries in the solar sector and sales of these batteries are expected to generate $235 million by 2018. Lithium batteries are already being sold for residential and solar-power microgrid applications in the U.S. and in Germany. And in the next few years, Chinese solar energy storage firms seem likely to focus on lithium batteries given that China is a major source of lithium. Nonetheless, NanoMarkets believes that the future of lithium batteries will depend heavily on continued government R&D subsidies. Otherwise in most countries, lithium batteries are likely to remain too expensive for solar applications.

This new NanoMarkets report provides an analysis of worldwide solar energy storage markets products including lead-acid, lead-carbon, lithium, NaS, sodium-nickel-chloride, and flow batteries, along with ultrabatteries and supercapacitors. Storage demand for both retail PV users and utility-scale solar is analyzed. Eight-year revenue and volume projections are included with breakouts by technology, and geography. Also included are profiles of leading-edge solar storage installations around the world. 

Companies discussed in this report include: Abengoa Solar, Acciona, AES, Altair, Ambri, Axion, Brightsource, Cellenium, Cellstrom, Cogenra Solar, CSIRO, Daewoo, Deeya Energy, Ecoult, EDF, Endesa, eSolar, Exide, Fiamm Sonik, Firefly, Ford, GE, GeoBattery, Gildmeister, Hitachi, Ice Energy, International Battery, Johnson Controls, KEMA, Kyushu Electric, Maxwell, Mitsubishi, NEC, Nesscap, NGK, Panasonic, PG&E, Pratt & Whitney, Premium Power, Prudent Energy, RWE, SAFT, Siemens, Southern California Edison, RedT, Sumitomo, SunPower, SunVerge, SolarCity, Tokyo Electric, V-Fuel, VARTA, Xtreme Power and ZBB.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/nan257151-solar-storage.html

Solar Demand Outlook: Latin America - Applications, Regional Demand Drivers, Incentive Programs, and Market Forecasts

As the market in Europe wanes, the focus of the solar power industry in Latin America has increased dramatically. Utilities in the region have announced ambitious plans for new solar projects, but many of the announcements lack government and/or environmental approval.

This report provides an overview of regional demand growth for Latin America from 2011 through 2014. The report details three different forecast scenarios: reduced incentives, conservative, and accelerated. Five industry application segments - remote industrial; remote habitation; consumer power; grid-connected residential, commercial, and utility; and consumer indoor - are examined in depth, and regulatory and macroeconomic factors influencing the outlook for solar demand are analyzed for the major countries of the region.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/pike258824-solar-demand-outlook-latin-america-applications.html

Solar Demand Outlook: North America - Applications, Regional Demand Drivers, Incentive Programs, and Market Forecasts

Under the most likely growth scenario, regional solar demand in North America will grow from just over 2,500 megawatts (MW) in 2011 to more than 7,000 MW in 2014.

As a significant correction continues to roil the worldwide solar power industry, markets in North America are struggling to find stable business models and predictable, long-term growth. In both the United States and Canada, shifts in government policy and incentives have had significant impacts on both solar technology suppliers and system developers and operators. Continued low prices for PV technology have led to low-to-negative margins among manufacturers, company failures, and instances of inferior quality module products and poorly designed systems reaching the market. Nevertheless, the industry will continue to expand even as profitability remains elusive. Surviving companies will emerge from this difficult period stronger, with genuinely lower costs, and likely more comfortable margins.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/pike257332-solar-demand-outlook-north-america-applications.html

Middle East and North Africa Solar Market Outlook, 2013-2017

The MENA region possesses the greatest technical potential for renewable energy in the world with much of this potential attributed to solar energy. This potential is now starting to be more seriously considered, driven by rapidly increasing energy usage, high insolation rates, a young and empowered workforce, and an increasing awareness of the costs of burning natural resources.

This 103-page report examines energy scenarios driving solar growth in the MENA region and examines the current and projected solar policies for each country analyzed. The report also provides strategic analysis and a competitive outlook on the companies active in each market. In addition, the report offers solar (PV and CSP) project details for each market along with country-specific demand forecasts to 2017.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/gm259309-middle-east-north-africa-solar-market-outlook.html

For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/

About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp

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SOURCE Global Information, Inc.

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