DUBLIN--(BUSINESS WIRE)--The "Li-ion Battery Market for Energy Storage Systems in the US 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the Li-ion Battery Market for Energy Storage Systems in the US to grow at a CAGR of 34.08% during the period 2018-2022.
Li-ion battery for energy storage systems offer high energy density and long cycle life for applications such as energy storage systems for telecom towers and renewable energy integration.
The development of zero energy buildings will be a key trend driving market growth. The construction industry focuses on the issue of increasing power consumption of buildings by constructing net-zero energy buildings. These buildings consume the same amount of power as generated, using special construction materials and designs to increase building efficiency.
The lead pollution and stringent laws will drive the market growth. Increasing demand for lead acid batteries is driving the demand and production of these batteries. However, this results in significant environmental concerns over lead pollution due to the use of toxic materials in the batteries. Also, the improper disposal of lead components of the lead acid battery technology is driving the adoption of Li-ion battery technology.
The report states that the competition from fossil fuels will impact the market growth. In countries with abundant coal reserves, governments prefer coal over cleaner renewable alternatives such as solar and wind power for electricity generation. Similarly, several emerging economies are unable to increase their wind power generation, but the high cost and lack of investments restrict the generation of wind power.
- BYD Company
- LG Chem
- SAMSUNG SDI
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Customer Landscape
8: Market Segmentation By End-User
9: Decision Framework
10: Drivers And Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6x6vn9/u_s_liion?w=4