Report on China Energy Storage for Grid System Industry [2015-2018]

Dec., 04, 2015, Mumbai, India: Market Reports on China presents the report, on “Report on China Energy Storage for Grid System Industry [2015-2018]”. In the past five years, the global installed capacity of energy storage for grid system (excluding pumped storage, compressed air storage and thermal storage) has maintained the growth rate of around 20%, hitting 840MW in 2014.

Energy storage finds wide application in electric power system, involving all aspects of power generation, transmission, distribution and end user. "http://www.marketreportsonchina.com/energy-utility-market-research-reports-18790/china-energy-storage-grid-system.html" Technically, energy storage for grid system can be divided into mechanical energy storage, chemical energy storage and electromagnetic energy storage, including the widely used pumped storage under mechanical energy storage, as well as sodium-sulfur batteries, lithium batteries and lead-acid batteries which belong to the scope of chemical energy storage.

In the past five years, the global installed capacity of energy storage for grid system (excluding pumped storage, compressed air storage and thermal storage) has maintained the growth rate of around 20%, hitting 840MW in 2014. By technology, sodium-sulfur batteries and lithium-ion batteries occupy 75% of the global installed capacity together as the mainstream.

In 2014, Chinas installed capacity of energy storage for grid system (excluding pumped storage, compressed air storage and thermal storage) accounted for about 10% of the world, up over 50% from 2013; meanwhile , Chinas development pace was far higher than the global growth rate. Unlike foreign counterparts, China emphasizes lithium-ion batteries which share 71% of Chinas total installed capacity, followed by the lead-acid batteries with about 14%.

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