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What are the Business Opportunities within the Lithium-Ion Battery Market?

17 December 2019

When it comes to the battery energy storage system market, there can be a lot of ups and downs. As new technology is being developed, there can be great opportunities for manufacturers and other companies to capitalize when new changes are introduced. However, this requires keeping a finger on the pulse of the energy storage industry, which is why the experts from Visiongain are happy to provide some insight.

Below, you’ll find some important factors to consider that will affect the lithium-ion battery market and storage sector in the years ahead. These are some of the key opportunities businesses and industry leaders should pay attention to.

Tesla is at the Forefront of Battery Technology

It’s no surprise that Tesla, everyone’s favorite battery-powered vehicle manufacturer, is making a big impact on battery technology. This is because Tesla is constantly making great strives to improve its battery technology and many are capitalizing off this by getting on the ground floor. For example, Canada’s Hibar Systems were recently bought out by Tesla and stakeholders are waiting with bated breath to see what the battery manufacturer and Tesla are cooking up.

New Total Office in Singapore Powered Entirely by Lithium-Ion Batteries

Another business opportunity in the battery energy storage systems sector is utilizing new technology and turnkey solutions to power entire buildings. Such is the case with Total’s new facility in Singapore, which utilizes Saft modular Lithium-Ion battery solutions to provide an efficient and long-term power source for the new complex. One of the most attractive features of this design is that the battery power systems can also be integrated with other building management systems to improve efficiency and oversight.

Batteries & Storage Systems on Electric Vehicles Run by Grid Maintenance Teams

Power providers Northern Powergrid (NPg) are taking their services to the next level this year by employing electric vehicles with battery storage capabilities to power certain areas during outages. The project, referred to as “silent power,” was created to replace the company’s diesel generators. According to NPg officials, one battery can power up to three homes or a small community center for at least 24 hours. Such technology is likely to become increasingly popular in the years ahead as more and more energy concerns look to switch from fossil fuels to renewable resources.

Let Visiongain help you gain an edge in the battery storage sector!

Above are just a few of the developments that have potential to create major changes in the battery energy storage systems market in the coming years. For more market insight and reports, contact Visiongain online today. You can also call us at +44 (0) 20 7549 9987.

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