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Residential Energy Storage, Blockchain and Energy Sharing Systems: Technologies and Global Market

Published By :

BCC Research

Published Date : Jan 2019

Category :

Energy Storage

No. of Pages : 195 Pages

"Summary

The combination of the rising cost of energy and more affordable renewable energy technologies has made it more compelling for homes to generate and store their own electricity. Residential energy storage systems (RESSs) have led to the adoption of energy conservation measures to control and manage the increased expenditure on energy. Owners of residences with solar and energy storage can protect themselves from grid power outages and achieve energy independence. The addition of energy storage is leading to a proliferation of photovoltaic (PV) systems since they increase self-consumption and also help consumers keep rising energy bills in check.

Energy storage technology has great potential to improve electric power grids and enable more selfconsumption of renewable electricity while providing alternatives to fossil fuels. The value proposition for residential energy storage today is where solar PV was seven years ago, and the factors that led PV to mass affordability will likely have a similar effect on battery storage systems. Battery costs have declined by REDACTED over the past decade, and dozens of startups and large manufacturers are now competing to develop safer, more efficient, lower-cost and longer-life battery chemistries.

The promise of RESS technology lies in its potential to -
- Increase grid efficiency and reliabilityoptimizing power flows and supporting variable power supplies from wind and solar generation.
- Allow vehicles powered by batteries or other electric technologies to displace vehicles burning gasoline and diesel fuel, reducing associated emissions and demand for oil.

Technological advances and rapidly falling costs such as a REDACTED drop in the price of solar PV modules inthe past five yearsare driving record-breaking increases in capacity, and growth in investments inglobal clean energy and jobs. As battery costs continue to fall, battery storage will become an increasingly attractive option for storing renewable electricity at the household, business and community levels.

The global RESS market grew from nearly REDACTED in 2017 to REDACTED in 2018, a growth rate of REDACTED. Over the forecast period, overall revenues from global RESS shipments are forecast to grow at acompound annual growth rate (CAGR) of REDACTED to reach a value of REDACTED in 2023. The market is being spurred by a number of factors, including feed-in tariff (FIT) and net metering revisions in historicresidential PV hotspots, subsidies and tax incentives, rapid price reductions in lithium-ion battery prices,and rising electricity tariffs.

The largest technology sub-market is lithium-ion storage. The market for these systems was valued at REDACTED in 2017, growing at REDACTED to REDACTED in 2018, and is forecast to grow at a CAGR of REDACTED over the next five years to reach a market value of nearly REDACTED by 2023. Lithium-ion dominates onaccount of its low cost, but it has reached that cost because of demand driving production. Thisfavorable increasing-demand/decreasing-cost trend is not expected to slow down through 2023."


"Report Scope:

The scope of this market study includes the leading residential energy storage systems technologies that are currently in use globally. Residential home battery technologies are used across a number of industries and applications, such as automotive, renewable energy and telecommunications. The technologies discussed in this report are in use across the industries mentioned above and many more as well, as new sectors driven by product and technological innovation emerge.

The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, academic and company data regarding the projected level of demand for residential energy storage systems technologies. This report quantifies battery storage technologies used in residential, including battery storage electrochemistries (e.g., lithium-ion and lead-acid) and all-in-one battery pack storage units (battery, inverter charger and battery management software) for residential electricity storage, as well as RES units that can share stored electricity. It does not include other components such as solar panels and charge controllers. Therefore, this report provides a comprehensive review of available data to provide a realistic and accurate assessment of this evolving market.

BCC Research analyzes each major residential energy storage systems technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next five years. Estimated values used are based on manufacturers total revenues. Projected and forecast revenue values are in constant US dollars, unadjusted for inflation. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely-to-appear regulatory environments in support of this industry.

BCC Research analyzes the industry on a worldwide basis in terms of its manufacturing and use of residential energy storage systems. BCC Research examines government roles in support of residential energy storage systems technologies worldwide, including regulatory support and government requirements, for residential energy storage systems technologies. The report provides a review of the most relevant residential energy storage systems, discusses recent trends and sales, and provides industry overviews and market assessments for leading residential energy storage systems.

Report Includes:

- 45 data tables
- A comprehensive overview of the global market for residential energy storage, blockchain and energy sharing systems
- Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of market potential for residential energy storage market by product offerings, storage types, applications, end user industries and major geographies
- Assess current market trends and technological updates along with the factors influencing the growth of residential energy storage market
- A relevant patent analysis
- Profiles of top market players within the industry including ACME Cleantech Solutions Pvt. Ltd., BMW Group, DMS Technologies, Exide Technologies GmbH and LG Chem Ltd."
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
What the Industry is Saying
Analysts Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Construction of Batteries
Types of Electrochemical Compositions
Residential Battery Storage Technologies and Components
Battery Pack Design
Design Overview
Configuration of Cells in a Battery Pack
Battery Pack Structural Design
Cell Protection
Battery Pack Control (Monitoring and Management)
Battery Pack Use
Solar Inverter Integration
Safety System Design and Component Selection
Residential Battery Storage Electrochemical Technologies
Conventional Batteries
How Rechargeable Batteries Work
Lead-Acid Batteries
Lithium-Ion Batteries
Comparing Lead-Acid vs. Lithium-Ion
Solar Battery Lifespan
Other Electrochemistries
Differences Between Types of Nickel-Based Batteries
Saltwater Batteries
Best Batteries for Solar
Comparison of RESS Battery Technologies
OEM Strategy
Battery Value Chain
Recycling
Introduction to Blockchain and Peer-to-Peer Energy Systems
Introduction to Blockchain
Blockchain and Energy Sharing Enabling Technology
P2P Energy Trading Platform
Flexibility-(P2P) Trading Platform
Limitations of the Blockchain
Storage Business Models and Revenues
Domestic Solar + Storage Business Models and Revenues
Chapter 4 Market Breakdown by Battery Electrochemical Technology Type
Lithium-Ion RESS Market
Lead-Acid RESS Market
Other Electrochemical RESS Market
Chapter 5 Market Breakdown by Application
PV Rooftop + Storage RESS Market
Bundled Systems
Retrofit Systems
Backup Power Residential Energy Storage Systems
Electric Vehicle Recharging Residential Energy Storage Systems
Energy Cost Management Residential Energy Storage Systems
Chapter 6 Market Breakdown by Region
European Residential Energy Storage Systems Market
German Residential Energy Storage Systems Market
Italys Residential Energy Storage Systems Market
U.K. Residential Energy Storage Systems Market
France's Residential Energy Storage Systems Market
Austrias Residential Energy Storage Systems Market
Rest of Europe Residential Energy Storage Systems Market
Asia-Pacific Residential Energy Storage Systems Market
Japans Residential Energy Storage Systems Market
Australia's Residential Energy Storage Systems Market
Rest of Asia-Pacific Residential Energy Storage Systems Market
North American Residential Energy Storage Systems Market
U.S. Residential Energy Storage Systems Market
Canadas Residential Energy Storage Systems Market
ROW Residential Energy Storage Systems Market
Analysis by Country
Chapter 7 Patent Review/ New Developments
Trends Over Time
Patent Review by Region
Patents Owned by International Companies
Patents Concentrated in Relatively few Categories
Leading Companies
Patent Review by Software
Patent Review by Storage
Chapter 8 Analysis of Market Opportunities
Competitive Analysis
Key Players
Market Drivers
Challenges in the Residential Storage Market
Clear Regulatory Framework
A Level Playing Field by Eliminating Double Charging
Clarity on Existing Regulations
Standards to Enable a High-Quality Industry Run Safely
Marketplaces for Services
Building Regulations
Net Metering
Utilities Standing in the Way
Chapter 9 Company Profiles
A123 SYSTEMS LLC
ACME CLEANTECH SOLUTIONS PVT. LTD.
ADARA POWER
AMARA RAJA BATTERIES LTD.
AMPEREX TECHNOLOGY LTD.
BAE BATTERIEN GMBH
BLUESKY ENERGY ENTWICKLUNGS UND PRODUKTIONS GMBH
BMW GROUP
BYD COMPANY LTD.
C&D TECHNOLOGIES INC.
CATL
CERES POWER LTD.
COMMEO GMBH
CROWN BATTERY MANUFACTURING CO.
DAEJIN BATTERY CO., LTD.
DMS TECHNOLOGIES
EAST PENN MANUFACTURING CO. INC.
ECOCOACH AG
ELECTROVAYA INC.
ENERSYS
ENPHASE ENERGY INC.
E-ON BATTERIES
E3/DC GMBH
ELECTRIQ POWER INC.
EVEREXCEED
EXIDE TECHNOLOGIES GMBH
FRONIUS INTERNATIONAL GMBH
GENERAL ELECTRIC CO.
GERMAN ENERGY SUPPLY GMBH (SENEC)
GESS LTD.
GS YUASA INTERNATIONAL
HBL POWER SYSTEMS LTD.
HOPPECKE BATTERIEN GMBH & CO. KG
IBC SOLAR AG
JOHNSON CONTROLS INC.
KOKAM CO. LTD.
KYOCERA CORP.
LECLANCH GMBH
LG CHEM LTD.
MAXWELL TECHNOLOGIES INC.
MERCEDES-BENZ ENERGY GMBH
MICROTEX ENERGY PRIVATE LTD.
NEDAP
NISSAN CO. LTD.
PANASONIC CORP.
PRIMUS POWER CORP.
POWERBALL SYSTEMS AG
POWERVAULT LTD.
REDFLOW LTD.
REDT ENERGY STORAGE PLC
SAFT GROUPE S.A.
SAMSUNG SDI CO. LTD.
SHARP ELECTRONICS CORP.
SHENZHEN BAK BATTERY CO., LTD.
SIMPLIPHI POWER INC.
SMA SOLAR TECHNOLOGY AG
SONNEN GMBH
SONY ENERGY DEVICES CORP.
STORAGE BATTERY SYSTEMS LLC
SU-KAM POWER SYSTEMS LTD.
SUNVERGE ENERGY LLC
TESLA INC.
TESVOLT GMBH
TIANJIN LISHEN BATTERY CO. LTD.
TOSHIBA CORP.
TROJAN BATTERY CO.
VALENCE TECHNOLOGY INC.
VARTA AKTIENGESELLSCHAFT
VICTRON ENERGY B.V.
VIZN ENERGY SYSTEMS INC.
VOLTSTORAGE GMBH
WANXIANG GROUP CORP.
ZEN ENERGY
Chapter 10 Appendix: Acronyms

List of Table

List of Tables
Summary Table : Global Market for Residential Energy Storage, by Battery Type, Through 2023
Table 1 : Lead-acid Battery Costs, by Application, 2003
Table 2 : Lead-Acid and Advanced Lead-Acid Battery Costs, by Application, 2020
Table 3 : Lithium-Ion Subcategory Comparison
Table 4 : Lithium-Ion Battery Features
Table 5 : Lithium-Ion Battery Costs, by Benefit, 2010
Table 6 : Lead-Acid vs. Lithium-Ion Battery Technology
Table 7 : Sodium Sulfur Battery Costs, by Application
Table 8 : Comparison of Select Battery Technologies
Table 9 : Battery Technology Comparison
Table 10 : Lead-Acid Battery Pros and Cons
Table 11 : Lithium-Ion Battery Pros and Cons
Table 12 : Nickel-Based Battery Pros and Cons
Table 13 : Saltwater Battery Pros and Cons
Table 14 : Efficiency of Recycling for Various Elements in Selected Processes for NMC and LFP Chemistries
Table 15 : Global Market for Residential Energy Storage Systems, by Battery Technology, Through 2023
Table 16 : Global Market for Lithium-Ion Residential Energy Storage Systems, by Battery Technology, Through 2023
Table 17 : Global Market for Lead-Acid Residential Energy Storage Systems, by Battery Technology, Through 2023
Table 18 : Global Market for Other Electrochemicals Residential Energy Storage Systems, by Battery Technology, Through 2023
Table 19 : Global Market for Residential Energy Storage Systems, by Application, Through 2023
Table 20 : Global Market Volume for Residential Energy Storage Systems, by Installation Type, Through 2023
Table 21 : Global Market for PV Rooftop + Storage Residential Energy Storage Systems, by Application, Through 2023
Table 22 : Global Market for Backup Power Residential Energy Storage Systems, by Application, Through 2023
Table 23 : Global Market for Electric Vehicle Recharging Residential Energy Storage Systems, by Application, Through 2023
Table 24 : Global Market for Energy Cost Management Residential Energy Storage Systems, by Application, Through 2023
Table 25 : Global Market for Residential Energy Storage Systems, by Region, Through 2023
Table 26 : Global Market Volume for Residential Energy Storage Systems, by Region, Through 2023
Table 27 : European Market for Residential Energy Storage Systems, by Country, Through 2023
Table 28 : German Market for Residential Energy Storage Systems, Through 2023
Table 29 : Italian Market for Residential Energy Storage Systems, Through 2023
Table 30 : The U.K. Market for Residential Energy Storage Systems, Through 2023
Table 31 : French Market for Residential Energy Storage Systems, Through 2023
Table 32 : Austria's Market for Residential Energy Storage Systems, Through 2023
Table 33 : Rest of Europe Market for Residential Energy Storage Systems, Through 2023
Table 34 : Asia-Pacific Market for Residential Energy Storage Systems, by Country, Through 2023
Table 35 : Japanese Market for Residential Energy Storage Systems, Through 2023
Table 36 : Australian Market for Residential Energy Storage Systems, Through 2023
Table 37 : Rest of Asia-Pacific Market for Residential Energy Storage Systems, Through 2023
Table 38 : North American Market for Residential Energy Storage Systems, by Country, Through 2023
Table 39 : U.S. Market for Residential Energy Storage Systems, Through 2023
Table 40 : Canadian Market for Residential Energy Storage Systems, Through 2023
Table 41 : ROW Market for Residential Energy Storage Systems, Through 2023
Table 42 : Global Market for Residential Energy Storage Systems, by Country, Through 2023
Table 43 : Abbreviations Used in the Residential Energy Storage Systems Market
Table 44 : Report Sources

List of Chart

List of Figures
Summary Figure : Global Market for Residential Energy Storage, by Battery Type, 2017-2023
Figure 1 : Overview of Electrochemistries Used to Manufacture Batteries
Figure 2 : Cells in Parallel vs. Strings in Parallel
Figure 3 : Residential Home Battery System Diagram
Figure 4 : Rechargeable Battery Types
Figure 5 : Lead-Acid Battery Functions and Components
Figure 6 : Lead-Acid Charge States
Figure 7 : Lithium-Ion Battery Function and Components
Figure 8 : Cycle Life, Moderate Climate
Figure 9 : Cycle Life Comparison for Extreme Climate
Figure 10 : Capacity vs. Discharge Rate for VRLA and Lithium-ion
Figure 11 : Capacity Available vs. Temperature for VRLA and Lithium-ion
Figure 12 : Capacity Available vs. Temperature
Figure 13 : Voltage Comparison of Various Chemistries
Figure 14 : Inside a Nickel-Cadmium Battery
Figure 15 : Nickel-Metal Hydride
Figure 16 : Comparison of Energy Density in Battery Cells
Figure 17 : Comparison of Technology Maturity and Anticipated R&D Expenditure
Figure 18 : Saltwater Battery Construction
Figure 19 : Side-by-Side Comparison of ~20 kWh Battery Storage
Figure 20 : OEM Battery Pack Manufacturing Strategies
Figure 21 : Battery Assembly Process
Figure 22 : Global Market Shares of Lithium-Ion Battery Reserves, by Country, 2017
Figure 23 : Centralized vs. Distributed Payment Transactions
Figure 24 : Illustrative Cost and Revenue Stack for Solar-Plus-Storage
Figure 25 : Ownership and Power Flows for Domestic Solar-plus-storage: Homeowner-owned Model
Figure 26 : Stakeholder Relationship Map for Domestic Solar-plus-storage: Homeowner-Owned Model
Figure 27 : Ownership and Power Flows for Domestic Solar-Plus-Storage: Aggregator-Owned Model
Figure 28 : Stakeholder Relationship Map for Domestic Solar-Plus-Storage: Aggregator-Owned Model
Figure 29 : Global Market for Residential Energy Storage Systems, by Battery Technology, 2017-2023
Figure 30 : Global Market Shares of Residential Energy Storage Systems, by Battery Technology, 2018
Figure 31 : Global Market for Lithium-Ion Residential Energy Storage Systems, by Battery Technology, 2017-2023
Figure 32 : Lithium-Ion Battery Price, 2010-2017
Figure 33 : Global Market for Lead-Acid Residential Energy Storage Systems, by Battery Technology, 2017-2023
Figure 34 : Initial Acquisition Cost per Lead-Acid Battery
Figure 35 : Global Market for Other Electrochemicals Residential Energy Storage Systems, by Battery Technology, 2017-2023
Figure 36 : Global Market for Residential Energy Storage Systems, by Battery Technology
Figure 37 : Global Market for Residential Energy Storage Systems, by Application, 2017-2023
Figure 38 : Global Market Share of Residential Energy Storage Systems, by Application, 2018
Figure 39 : Global Market for Residential Energy Storage Systems, by Installation Type, 2017-2023
Figure 40 : Photovoltaic Panel Gross Price Per Watt, 2014-2017
Figure 41 : Global Market for PV Rooftop + Storage Residential Energy Storage Systems, 201-2023
Figure 42 : Simplified Economics of New Domestic Solar-plus-storage Units
Figure 43 : Simplified Economics of Retrofit Domestic Solar-plus-storage Units
Figure 44 : Global Market for Backup Power Residential Energy Storage Systems, by Application, 2017-2023
Figure 45 : Global Market for Electric Vehicle Recharging Residential Energy Storage Systems, 2017-2023
Figure 46 : Global Market for Energy Cost Management Residential Energy Storage Systems, 2017-2023
Figure 47 : Cost Savings with Time-of-Use Electricity Tariffs, 2017-2023
Figure 48 : Global Market for Residential Energy Storage Systems, 2017-2023
Figure 49 : Global Market for Residential Energy Storage Systems, by Region, 2017-2023
Figure 50 : Global Market Share of Residential Energy Storage Systems, by Region, 2018
Figure 51 : Global Market Volume for Residential Energy Storage Systems, by Region, 2017-2023
Figure 52 : European Market for Residential Energy Storage Systems, by Country, 2017-2023
Figure 53 : European Market Shares of Residential Energy Storage Systems, by Country, 2018
Figure 54 : German Market for Residential Energy Storage Systems, 2017-2023
Figure 55 : German Market Volume for Residential Energy Storage System Installations, 2017-2023
Figure 56 : Retail Electricity, PV Only, and PV + Storage Prices in Germany, 2010-2018
Figure 57 : Italian Market for Residential Energy Storage Systems, 2017-2023
Figure 58 : Retail Electricity Prices in Italy, 2010-2018
Figure 59 : The U.K. Market for Residential Energy Storage Systems, 2017-2023
Figure 60 : Retail Electricity Prices in the U.K., 2010-2018
Figure 61 : French Market for Residential Energy Storage Systems, 2017-2023
Figure 62 : Retail Electricity Prices in France, 2010-2018
Figure 63 : Austria's Market for Residential Energy Storage Systems, 2017-2023
Figure 64 : Retail Electricity Prices in Austria, 2010-2018
Figure 65 : Rest of Europe Market for Residential Energy Storage Systems, 2017-2023
Figure 66 : Retail Electricity Prices in Portugal and Spain, 2010-2018
Figure 67 : Asia-Pacific Market for Residential Energy Storage Systems, by Country, 2017-2023
Figure 68 : Asia-Pacific Market Share of Residential Energy Storage Systems, by Country, 2017
Figure 69 : Japanese Market for Residential Energy Storage Systems, 2017-2023
Figure 70 : Australian Market for Residential Energy Storage Systems, 2017-2023
Figure 71 : Rest of Asia-Pacific Market for Residential Energy Storage Systems, 2017-2023
Figure 72 : North American Market for Residential Energy Storage Systems, by Country, 2017-2023
Figure 73 : North American Market Share of Residential Energy Storage Systems, by Country, 2018
Figure 74 : U.S. Market for Residential Energy Storage Systems, 2017-2023
Figure 75 : U.S. Residential Energy Storage Systems Off-grid vs Grid-connected Forecast, 2016-2023
Figure 76 : U.S. Market Share of Residential Energy Storage Systems, by Installation Type, 2017
Figure 77 : U.S. Quarterly Residential Energy Storage System Deployments, 2013-2018
Figure 78 : Canadian Market for Residential Energy Storage Systems, 2017-2023
Figure 79 : ROW Market for Residential Energy Storage Systems, 2017-2023
Figure 80 : Global Market for Residential Energy Storage Systems, by Country, 2017-2023
Figure 81 : Global Market Share of Residential Energy Storage Systems, by Country, 2018
Figure 82 : Renewable Energy Patents Granted by the USPTO, 2001-2017
Figure 83 : Number of Renewable Energy Patents Granted by the USPTO, 2001-2017

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