The energy storage market in China is expected to register a CAGR of 39.85% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is decline in Li-ion battery price. The market for Li-ion batteries has been gaining traction and is witnessing rapid growth. Owing to this, the demand for lead-acid batteries is declining. The main factor that differentiates Li-ion batteries from lead-acid batteries is their price.
According to the report, one driver in the market is energy revolution. China is one of the largest economies in the world. It is experiencing high economic growth, due to which the power needs of the country have grown exponentially. The country is undergoing an energy revolution, where millions of dollars are being invested to increase the share of renewable energy in meeting its growing energy needs.
Further, the report states that one challenge in the market is technical challenges associated with battery technology. Globally, lead-acid and Li-ion are the most commonly used battery technologies for energy storage. However, both these technologies face certain technological and environmental issues.
- Narada Power Source
- Shandong Sacred Sun Power Sources
- Shenzhen Clou Electronics
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. Market Segmentation by Application
8. Customer Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
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