Energy Storage Market for Satellites 2017-2021
Technavio Announces the
Publication of its Research Report Global Energy Storage Market for Satellites
2017-2021
Technavio recognizes the following companies as the key players in the global energy storage market for satellites: EaglePicher Technologies, EnerSys, GS Yuasa Lithium Power, Mitsubishi Electric, and Saft
Other Prominent Vendors in the market are: FastCap Systems.
Technavio recognizes the following companies as the key players in the global energy storage market for satellites: EaglePicher Technologies, EnerSys, GS Yuasa Lithium Power, Mitsubishi Electric, and Saft
Other Prominent Vendors in the market are: FastCap Systems.
Sample Copy of This Report:
https://marketreportscenter.com/request-sample/568130
Commenting on the report,
an analyst from Technavios team said: “The latest trend gaining momentum in the
market is Development of microsatellites and next-generation batteries.
Microsatellites can act as a resource to indirectly contribute to the functions
of bigger satellites. These tiny satellites can be tailored as per the
requirement of the mission. In 2015, a team comprising researchers from the
Missouri University of Science and Technology focused its efforts to develop a
microsatellite imagery for health monitoring of satellites with sensitive
functions such as global security and weather monitoring.”
According to the report, one of the major drivers for this market is Declining Li-ion battery prices. The market for Li-ion batteries has been witnessing rapid growth. Owing to this, there has been a decline in the demand for other battery types. The factor that discriminates between Li-ion batteries and other energy storage technologies, such as fuel cells, is the price. However, leading vendors in the manufacturing of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.
Further, the report states that one of the major factors hindering the growth of this market is Widening supply-demand gap for lithium. The global lithium market is facing a deficit of lithium, and this trend is expected to continue during the forecast period. This is owing to the tremendous demand from upcoming sectors such as EV, e-Bike battery, etc. According to the IEA, electric car stock increased from few hundreds in 2005 to more than 1 million in 2015. This led to increased lithium demand to produce Li-ion batteries for EVs, particularly because the battery type is more preferred by EV manufacturers. This sudden increase in demand resulted in a supply deficit in the global market.
According to the report, one of the major drivers for this market is Declining Li-ion battery prices. The market for Li-ion batteries has been witnessing rapid growth. Owing to this, there has been a decline in the demand for other battery types. The factor that discriminates between Li-ion batteries and other energy storage technologies, such as fuel cells, is the price. However, leading vendors in the manufacturing of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.
Further, the report states that one of the major factors hindering the growth of this market is Widening supply-demand gap for lithium. The global lithium market is facing a deficit of lithium, and this trend is expected to continue during the forecast period. This is owing to the tremendous demand from upcoming sectors such as EV, e-Bike battery, etc. According to the IEA, electric car stock increased from few hundreds in 2005 to more than 1 million in 2015. This led to increased lithium demand to produce Li-ion batteries for EVs, particularly because the battery type is more preferred by EV manufacturers. This sudden increase in demand resulted in a supply deficit in the global market.
Full report with Table of
Content: https://marketreportscenter.com/reports/568130/global-energy-storage-market-for-satellites-2017-2021
About Energy Storage
Market for Satellites
Energy storage is crucial to proper functioning of satellites and a major requirement in the global satellite industry. In a satellite, energy storage equipment is incorporated with solar PV panels to store energy harnessed by solar panels directly. However, harnessing and storing solar energy is applicable only when batteries are used. Fuel cells and other energy storage technologies are based on chemical reactions; therefore, they do not require solar panels for recharging.
Technavio’s analysts forecast the global energy storage market for satellites to grow at a CAGR of 5.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for satellites for 2017-2021. To calculate the market size, the report considers the revenue generated from the energy storage market for satellites.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Energy Storage Market for Satellites 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EaglePicher Technologies
• EnerSys
• GS Yuasa Lithium Power
• Mitsubishi Electric
• Saft
Energy storage is crucial to proper functioning of satellites and a major requirement in the global satellite industry. In a satellite, energy storage equipment is incorporated with solar PV panels to store energy harnessed by solar panels directly. However, harnessing and storing solar energy is applicable only when batteries are used. Fuel cells and other energy storage technologies are based on chemical reactions; therefore, they do not require solar panels for recharging.
Technavio’s analysts forecast the global energy storage market for satellites to grow at a CAGR of 5.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for satellites for 2017-2021. To calculate the market size, the report considers the revenue generated from the energy storage market for satellites.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Energy Storage Market for Satellites 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EaglePicher Technologies
• EnerSys
• GS Yuasa Lithium Power
• Mitsubishi Electric
• Saft
…
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