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Energy storage markets
Energy efficiency markets
For more information
Energy Storage Markets
According to Venture Development Corporation (VDC), a market research and strategy firm, the global market for battery-powered uninterruptible power supplies (UPSs) dipped to an estimated $4.05 billion in 2002, down from $4.5 billion in 2001. Reasons for the setback include "the Internet economy fallout, the telecom meltdown, and overall economic uncertainty that plagued the United States and other large nations." VDC sees this as a temporary contraction, and expects the market to grow to $5.2 billion by 2006.
In a January 2003 press release and associated study (PDF 62 KB), VDC says the market recovery will be driven by, among other factors:
- Increasing awareness among end users of the need for power protection.
- The growing number of electronically sensitive loads.
- The negative impact of grid reliability and power quality issues on the profits of companies in a variety of industries worldwide.
- The ever-growing dependence of world commerce upon electronically linked communications infrastructures, mission-critical operations, and data storage functions.
In Battery Powered Uninterruptible Power Supplies (PDF 62 KB), VDC reports that this growth is likely to be led by North America, where the total market for battery-powered UPS products was $1.9 billion in 2001, and is expected to grow to $2.3 billion by 2006. The European, Asia Pacific, and Latin American UPS markets are all expected to witness modest growth (1.5% to 3% annually) through 2006.
In The North American Market for Grid Power Solutions (PDF 59 KB), a June 2001 report, VDC found that the North American market for battery UPS systems over 5 kVA was $1 billion in 2000, and expects it to reach over $1.8 billion by 2005. This is a large market, with more than 250 suppliers of battery UPS systems around the world.
In a 2002 article in Power Quality magazine, VDC reported that the North American market for flywheel-based and induction-rotor-based energy storage systems was close to $120 million in 2000, and is expected to reach almost $250 million by 2005. VDC includes induction rotor technologies with flywheels because they store energy in the same way.
In the same article, VDC reported that, in 2000, the North American market for supercapacitors was roughly $2 million. VDC notes that supercapacitors are typically used in conjunction with larger battery UPS systems to improve energy storage capacity, reduce peak power demands on the batteries, and extend battery life.
Energy Efficiency Markets
According to a May 2002 report (PDF 457 KB) by DOE's Lawrence Berkely National Laboratory (LBNL), U.S. energy services companies (ESCOs) completed between $1.8 billion and $2.1 billion of energy efficiency projects in 2000. The industry grew rapidly during the 1990s, with revenues increasing at an average annual rate of 24% from 1990 to 2000. However, most of that growth was in the first half of the decade. Since 1996, industry growth rates have decreased, averaging about 9% a year from 1996 to 2000. According to LBNL, factors that may explain slower growth rates during the second half of the '90s include the relative maturity and saturation of performance contracting in traditional institutional markets, the upheaval and uncertainties created by electricity restructuring and retail competition in various states, and reduced state spending on residential energy efficiency programs.
Despite this slow-down in energy efficiency consulting (ESCOs primarily serve businesses and institutions), U.S. consumers are increasingly willing to pay more for energy efficient appliances, according to a 2001 survey by Primen, an independent energy market analysis company. The survey found that three-fourths of U.S. consumers claim energy efficiency as a very important factor in their purchase of appliances during the previous year. More importantly, 84% said they anticipate that energy efficiency will be a "very important consideration" in making future purchasing decisions. See the Primen press release.
For More Information
- The North American Market for Grid Power Solutions: Distributed Generation & Ride-Through Technologies (PDF 59 KB) — Venture Development Corporation, June 2001. This white paper summarizes VDC's analysis of the current size and future growth of the market for fuel cells, microturbines, flywheels, batteries, and static transfer switches.
- "Poised for Growth: DG and Ride-Through Power", Power Quality, January 2002.
- Battery Powered Uninterruptible Power Supplies — Venture Development Corporation, August 2002. The white paper (PDF 62 KB) is available free on line, and the full report is available for a fee.
- Market Trends in the U.S. ESCO Industry: Results from the NAESCO Database Project (PDF 457 KB) — Lawrence Berkely National Laboratory, May 2002. Analysis based on nearly 1500 case studies of energy efficiency projects carried out by U.S. energy services companies.
- Energy Matters — A quarterly newsletter from DOE that informs industrial end users about energy-efficiency opportunities.
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