LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global energy storage market for satellites report. The global energy storage market for satellites is expected to grow at a CAGR of over 5% during the forecast period.
Competitive vendor landscape
According to the research analysis, the global energy storage market for satellites is highly competitive, where vendors compete based on component cost, technological advances, lightweight, and reliability. To survive and prosper in such a competitive environment, it is crucial for vendors to optimize their product development process to provide cost-effective and high-quality products and solutions.
“The introduction of new energy storage technologies and increased investments in the global satellite market are likely to intensify the competition among players. New and existing vendors are making numerous modifications to advance their sales and sustain their operations, as the dynamic forces for the energy storage market for satellites are volatile due to the emergence of new energy storage technologies,” says Thanikachalam Chandrasekaran, lead energy storage research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
EaglePicher Technologies is an industry leader in integrated power solutions. The company offers a wide range of energy storage solutions for satellites and space applications. It is one of NASA’s most trusted battery suppliers. The company has powered manned and unmanned missions including Mercury, Gemini, Apollo, Lunar Rover, Hubble Space Telescope, and the International Space Station as well as hundreds of other commercial, military, and scientific programs.
The company manufactures and distributes industrial batteries and related products, such as outdoor cabinet enclosures, chargers, battery accessories, and power equipment. It offers customer-support and related after-market services for industrial batteries. EnerSys also designs and manufactures custom, state-of-the-art batteries for military, space, and aviation applications.
GS Yuasa Lithium Power
GS Yuasa Lithium Power (GYLP) is the leading manufacturer of Li-ion batteries and has developed a large format prismatic Li-ion battery. Several of its Li-ion cells have been qualified for space travel, including a man-rated battery system that has NASA qualification standards for crewed space vehicle (CSV) operation. More than 50 satellites launched in the last two decades have GS Yuasa Lithium Power Li-ion cell technology power systems.
Mitsubishi Electric operates on the corporate principle of contributing to creating an affluent and vibrant society by enhancing its technologies, creative powers, and services, as a leader in the manufacturing and sales of electric and electronic equipment used in various end industries. The company has been supplying satellite bus equipment such as solar array panels, heat pipe panels, structural panel, and batteries to overseas satellite manufacturers for over 30 years.
Saft manufactures and markets non-rechargeable and rechargeable batteries. It sells its products in Europe, North America, Asia/Oceania, MEA, and South America. Saft is one of the major players in the global energy storage market for satellites. The company offers lithium battery for satellites. The company caters to aviation, defense, marine, oil and gas, railways, space, and telecom industries.
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