Market Overview:
The global echelon use of batteries in energy storage applications market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy storage solutions across various applications, rising concerns over climate change and emissions, and growing investments in renewable energy sources. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into lead-acid battery recycling and iron phosphate battery recycling. Lead-acid batteries are more commonly used than other types of batteries owing to their low cost and easy availability. However, they have a shorter life cycle as compared to other types of batteries such as iron phosphate batteries. Iron phosphate (or LiFePO4) batteries are becoming increasingly popular due to their longer life cycle, high efficiency rates, and low environmental impact. They are mainly used in grid energy storage systems owing to these advantages over lead-acid batteries. ).
Product Definition:
A battery stack in an echelon formation.
Echelon use of batteries in energy storage applications is important because it allows for more even discharging and charging of the batteries, which leads to longer battery life.
Iron Phosphate Battery Recycling:
Iron phosphate battery (IPB) is a rechargeable battery that uses iron (III) phosphate as the positive material and zinc (Zn) as the negative material. It has a higher energy density than lithium-ion batteries, which makes it suitable for use in applications such as electric vehicles and power backup.
The global IPB market size was valued at USD 1.8 billion in 2018.
Lead-acid Battery Recycling:
Lead-acid battery recycling is the process of extracting usable components from lead-acid batteries and restoring them into new products. Lead-acid batteries are the most common type used in automobiles, power tools, UPS systems, emergency lighting systems and other electronic devices. These are also used as a source of energy for solar panels or small wind turbines and can be recycled to produce PbO2 for use in oxygen therapies at hospitals.
Application Insights:
The grid energy storage segment is expected to witness significant growth over the forecast period owing to the growing need for managing and stabilizing electricity grids. An unstable or fluctuating power grid can lead to a number of problems including but not limited to; permanent damage, equipment failure, and human life. The communication base station energy storage segment is also projected to exhibit considerable growth over the next eight years due largely in part that these batteries are used in wireless communication devices such as smartphones, laptops, tablets etc. Additionally, they are also used in Uninterruptible Power Supplies (UPS) which are required for handling emergencies such as natural disasters or power outages at hospitals and data centers among others.
Regional Analysis:
Asia Pacific regional echelon accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid development of renewable energy sources such as wind and solar, which is driving demand for base station energy storage systems. This, in turn, drives demand for ESEs.
North America was the second-largest regional segment accounting for a revenue share of 22% in 2017 owing to increasing investments by governments across U.S., Canada and Mexico aimed at deployment of clean technologies such as ESEs that would help curb carbon emissions from power plants along with other applications requiring high-performance batteries.
Growth Factors:
- Increasing demand for energy storage systems owing to the growing need for uninterrupted power supply
- Favorable government policies and regulations for the deployment of energy storage systems
- Rising concerns over climate change and air pollution, which is driving the adoption of renewable energy sources
- Growing demand from end-use sectors such as transportation, telecommunications, and utilities
- Technological advancements in battery technology that are resulting in improved performance and longer life cycles
Scope Of The Report
Report Attributes
Report Details
Report Title
Echelon Use of Batteries in Energy Storage Applications Market Research Report
By Type
Iron Phosphate Battery Recycling, Lead-acid Battery Recycling
By Application
Commercial and Household Energy Storage, Grid Energy Storage, Communication Base Station Energy Storage, Low-speed Electric Vehicles, Other
By Companies
Unicore, Retriev Technologies, Sumitomo, Bump Recycling (CATL), Shenzhen GEM Co.,Ltd, Highpower International, Inc., Hunan Jinyuan New Material Limited, Guangdong Fangyuan Environmental Protection Limited, Jiangxi Miracle Golded Tiger Cobalt, Gotion High-Tech, Huayou Cobalt
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Echelon Use of Batteries in Energy Storage Applications Market Report Segments:
The global Echelon Use of Batteries in Energy Storage Applications market is segmented on the basis of:
Types
Iron Phosphate Battery Recycling, Lead-acid Battery Recycling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial and Household Energy Storage, Grid Energy Storage, Communication Base Station Energy Storage, Low-speed Electric Vehicles, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Unicore
- Retriev Technologies
- Sumitomo
- Bump Recycling (CATL)
- Shenzhen GEM Co.,Ltd
- Highpower International, Inc.
- Hunan Jinyuan New Material Limited
- Guangdong Fangyuan Environmental Protection Limited
- Jiangxi Miracle Golded Tiger Cobalt
- Gotion High-Tech
- Huayou Cobalt
Highlights of The Echelon Use of Batteries in Energy Storage Applications Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Iron Phosphate Battery Recycling
- Lead-acid Battery Recycling
- By Application:
- Commercial and Household Energy Storage
- Grid Energy Storage
- Communication Base Station Energy Storage
- Low-speed Electric Vehicles
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Echelon Use of Batteries in Energy Storage Applications Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Echelon is a company that specializes in the development and manufacture of energy storage systems. Echelon's battery-based energy storage systems are used to store electricity for use when it is needed most, such as during peak hours. This helps to reduce the amount of electricity that needs to be generated from sources like coal or nuclear power plants, which can be costly and environmentally harmful.
Some of the key players operating in the echelon use of batteries in energy storage applications market are Unicore, Retriev Technologies, Sumitomo, Bump Recycling (CATL), Shenzhen GEM Co.,Ltd, Highpower International, Inc., Hunan Jinyuan New Material Limited, Guangdong Fangyuan Environmental Protection Limited, Jiangxi Miracle Golded Tiger Cobalt, Gotion High-Tech, Huayou Cobalt.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Echelon Use of Batteries in Energy Storage Applications Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Echelon Use of Batteries in Energy Storage Applications Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Echelon Use of Batteries in Energy Storage Applications Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Echelon Use of Batteries in Energy Storage Applications Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Echelon Use of Batteries in Energy Storage Applications Market Size & Forecast, 2018-2028
4.5.1 Echelon Use of Batteries in Energy Storage Applications Market Size and Y-o-Y Growth
4.5.2 Echelon Use of Batteries in Energy Storage Applications Market Absolute $ Opportunity
Chapter 5 Global Echelon Use of Batteries in Energy Storage Applications Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
5.2.1 Iron Phosphate Battery Recycling
5.2.2 Lead-acid Battery Recycling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Echelon Use of Batteries in Energy Storage Applications Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
6.2.1 Commercial and Household Energy Storage
6.2.2 Grid Energy Storage
6.2.3 Communication Base Station Energy Storage
6.2.4 Low-speed Electric Vehicles
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Echelon Use of Batteries in Energy Storage Applications Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Echelon Use of Batteries in Energy Storage Applications Analysis and Forecast
9.1 Introduction
9.2 North America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
9.6.1 Iron Phosphate Battery Recycling
9.6.2 Lead-acid Battery Recycling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
9.10.1 Commercial and Household Energy Storage
9.10.2 Grid Energy Storage
9.10.3 Communication Base Station Energy Storage
9.10.4 Low-speed Electric Vehicles
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Echelon Use of Batteries in Energy Storage Applications Analysis and Forecast
10.1 Introduction
10.2 Europe Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
10.6.1 Iron Phosphate Battery Recycling
10.6.2 Lead-acid Battery Recycling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
10.10.1 Commercial and Household Energy Storage
10.10.2 Grid Energy Storage
10.10.3 Communication Base Station Energy Storage
10.10.4 Low-speed Electric Vehicles
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Echelon Use of Batteries in Energy Storage Applications Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
11.6.1 Iron Phosphate Battery Recycling
11.6.2 Lead-acid Battery Recycling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
11.10.1 Commercial and Household Energy Storage
11.10.2 Grid Energy Storage
11.10.3 Communication Base Station Energy Storage
11.10.4 Low-speed Electric Vehicles
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Echelon Use of Batteries in Energy Storage Applications Analysis and Forecast
12.1 Introduction
12.2 Latin America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
12.6.1 Iron Phosphate Battery Recycling
12.6.2 Lead-acid Battery Recycling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
12.10.1 Commercial and Household Energy Storage
12.10.2 Grid Energy Storage
12.10.3 Communication Base Station Energy Storage
12.10.4 Low-speed Electric Vehicles
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Echelon Use of Batteries in Energy Storage Applications Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Type
13.6.1 Iron Phosphate Battery Recycling
13.6.2 Lead-acid Battery Recycling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Echelon Use of Batteries in Energy Storage Applications Market Size Forecast by Applications
13.10.1 Commercial and Household Energy Storage
13.10.2 Grid Energy Storage
13.10.3 Communication Base Station Energy Storage
13.10.4 Low-speed Electric Vehicles
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Echelon Use of Batteries in Energy Storage Applications Market: Competitive Dashboard
14.2 Global Echelon Use of Batteries in Energy Storage Applications Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Unicore
14.3.2 Retriev Technologies
14.3.3 Sumitomo
14.3.4 Bump Recycling (CATL)
14.3.5 Shenzhen GEM Co.,Ltd
14.3.6 Highpower International, Inc.
14.3.7 Hunan Jinyuan New Material Limited
14.3.8 Guangdong Fangyuan Environmental Protection Limited
14.3.9 Jiangxi Miracle Golded Tiger Cobalt
14.3.10 Gotion High-Tech
14.3.11 Huayou Cobalt
