Frost Radar in the Battery Energy Storage Market
Published on: 14-May-2019 | SKU: EG01979-GL-MR_23161

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The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems.

Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors.

For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the Frost & Sullivan definition of battery energy storage systems and then narrowed this down to 27 companies based on their growth indicators and recent innovations. Frost & Sullivan has evaluated and positioned these 27 companies based on 2 major indices, Growth and Innovation, and each of these indices has 5 criteria.

Companies that are positioned in the radar are: LG Chem, Samsung SDI, Tesla, Panasonic, BYD, Sonnen, SMA, Solarwatt, VARTA Storage, Sungrow, Enphase, Younicos, SENEC, RedFlow, Akasol, Kokam, Leclanche, JLM Energy, RedT, Primus Power, Powervault, Moixa, Ecoult, SAFT, NEC, ViZn Energy Systems Inc., and IBC Solar.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Key Issues Addressed

  • What are innovative offerings of companies?
  • What are their strengths and opportunities for the future?
  • What is the rationale behind each company's position in the radar?

Industry Overview

The Frost Radar

Tesla

Samsung SDI

LG Chem

Sonnen

VARTA Storage

Panasonic

BYD

SOLARWATT

Leclanche

Kokam

Redflow

SMA

Younicos

SENEC

Saft

Moixa

Powervault

Enphase

redT energy

IBC Solar

JLM Energy

NEC Energy Solutions

Sungrow

Akasol

ViZn Energy

Primus Power

Ecoult

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems. Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors. For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the Frost & Sullivan definition of battery energy storage systems and then narrowed this down to 27 companies based on their growth indicators and recent innovations. Frost & Sullivan has evaluated and positioned these 27 companies based on 2 major indices, Growth and Innovation, and each of these indices has 5 criteria. Companies that are positioned in the radar are: LG Chem, Samsung SDI, Tesla, Panasonic, BYD, Sonnen, SMA, Solarwatt, VARTA Storage, Sungrow, Enphase, Younicos, SENEC, RedFlow, Akasol, Kokam, Leclanche, JLM Energy, RedT, Primus Power, Powervault, Moixa, Ecoult, SAFT, NEC, ViZn Energy Systems Inc., and IBC Solar. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlig
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Utham Ganesh
Industries Energy
WIP Number ME7C-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9852

Frost Radar in the Battery Energy Storage Market

EnergyFrost Radar in the Battery Energy Storage Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
14-May-2019
REGION
Global
Deliverable Type
Frost Radar
Research Code: ME7C-01-00-00-00
SKU: EG01979-GL-MR_23161
AvailableYesPDF Download
$4,950.00
In stock
SKU
EG01979-GL-MR_23161