Great Explosion Is Coming To Energy Storage Market By 2017

April 4, 2014 Tech

grid battery system custom enclosureAs global energy demand grows exponentially, researchers have been looking for a good way to store energy for a long time. Now, the push to build supersized batteries storage capable on the grid is taking a big step forward.

As global energy demand grows exponentially, researchers have been looking for a good way to store energy for a long time. Now, the push to build supersized batteries storage capable on the grid is taking a big step forward.

A new report by market research firm IHS predicts that the energy storage market is set to explode to an annual installation size of 6 gigawatts (GW) in 2017 and over 40 GW by 2022 — from an initial base of only 0.34 GW installed in 2012 and 2013. The United States will be the largest region between 2012 and 2017, accounting for 43% of installations during that period, while Germany and Japan are projected to be other top markets.

Kinkoo-mobile-power-charger-Li-ion-batteryHowever, what will rule the day in the energy storage market in the coming few years? Zinc-air batteries? Zinc-iron redox flow batteries? Liquid-metal batteries? No. IHS says lithium ion (Li-Ion) batteries will account for 64% of energy storage installations by 2017, because it a versatile technology that is capable of providing both energy intensive and power intensive functions.

For now, Li-Ion battery is widely used in many business cases for it is safe and reliable, small and light, good for environment protection with high power density. The most common of which are smartphone, tablet, camera, and mobile power charger, take Kinkoo Infinite One portable charger for example, it contains massive 8000mAh capacity in A+ class lithium polymer battery, and is popular with businessmen, travelers, and various digital enthusiasts by reason of its amazing 162g lightweight.

2_3mobile power charger

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