Energy Storage Value Chain Monitor Market Analysis

PTR’s Energy Storage Service provides an in-depth analysis of energy storage systems, the installed base capacity, technologies, applications, and the energy storage value chain for each project, along with an analysis of the pipeline projects of energy storage by country and region.
The energy storage market is a culmination of four influencing factors: renewable generation penetration, new business models in the power grid, EV roadmaps and charging infrastructure, and phase out of fossil fuel-based conventional generation solutions. Given the increasing importance of these factors, especially aggressive renewable energy targets and EV growth plans, the demand for energy storage is continually increasing.
From a global perspective, the Asia Pacific region has the most energy storage installed base capacity over the last decade, followed by Europe, North America, the Middle East and Africa region, and lastly, South America. The technology split in the APAC, Europe, and North American regions is mostly Mechanical and Electromechanical. However, this division is mostly Mechanical and Thermal in the Middle East & Africa, and South America regions.
Mechanical technology accounts for 94% of the overall energy storage market, with electrochemical accounting for 4%, followed by thermal, electrical, chemical, and other technologies. In recent years, there has been a significant increase in the deployment of lithium-ion-based storage systems (which dominate the electromechanical split), ranging from small residential or commercial systems of a few kW to massive installations of 100-200 MW.
Looking specifically at North America, the United States has the largest installed battery energy storage systems (BESS) installed, which can be attributed to energy storage procurement targets set by states and existing incentives. The installation of BESS projects in California and Texas has significantly contributed to the United States’ leading position. Although frequency has remained a key energy storage use case in this region, most new BESS projects now cater to energy arbitrage applications.
Over in the East, China has the highest deployments in the APAC region. The refinement of policy related to ancillary services has created a wave of energy storage construction and development in the country. On average, it takes approximately two years for a BESS to be deployed after getting announced. Due to the strength of the local battery supply chain, China’s reliance on other countries for the procurement of batteries is less, thereby cutting down on this procurement time.
PTR’s Energy Storage Service compiles all relevant information into its Project Database, Power BI Report, and Storage News App to aid in understanding the various technologies in this segment, the value-chain across the energy storage segment, market trends and drivers, and policies that influence the market dynamics of energy storage.

Who is working with whom across the value chain?

• Developers
• System Integrators
• Battery/PCS providers
• Software Providers

• What are the recent project developments around the world?
• Who is working with whom across the value chain?
  1. Developers
  2. System Integrators
  3. Battery/PCS providers
  4. Software Providers
• Competitive Analysis from different lenses?
  1. Global Player Positioning
  2. Regional Level
  3. Country Specific Level
  4. Company Specific Analysis
• Which technologies are dominating the stationary storage landscape?

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