On October 4, Fuji Keizai (Chuo-ku, Tokyo) announced the results of a global market survey of secondary batteries for ESS (Energy Storage Systems) and stationary power storage systems. According to the report, the market in 2023 is expected to reach 3,419.1 billion yen, up 47.3% over 2022 in value, and 109.7GWh, up 42.7% in capacity. In 2040, it is predicted to increase 3.6 times to 8,074.1 billion yen and increase 5.5 times to 421.7GWh.
Global market for secondary batteries for ESS and stationary energy storage systems
(Source: Nikkei BP compiled based on Fuji Keizai materials)
In 2022, battery storage prices will increase due to rising raw material prices, but the market will decline due to increased self-consumption demand, an increase in large-scale projects such as grid storage batteries, and increased investment in data centers and 5G. Communication has expanded. Demand will continue to grow strongly into 2023, and in the longer term, the use of stationary battery storage is expected to increase as renewable energy becomes more popular. Additionally, the use of reusable batteries from EVs (electric vehicles) to ESS is expanding and is expected to form a recycled battery market.
By sector, residential targeting battery storage tied to grid-connected energy storage and V2H systems, is expected to grow 22.6% in 2023 to 370.4 billion yen and in 2040 will increase 2.1 times to 643.7 billion yen. quiet. Self-consumption is growing in developed countries, where solar generation is increasingly popular and recent increases in electricity costs are encouraging the adoption of solar generation. In the future, the need for backup power during power outages, natural disasters, and emergencies is expected to increase. Additionally, with the mandatory installation of solar panels in newly built homes, the rate of battery storage installations is expected to increase.
The business/industrial sector targets storage batteries installed in commercial facilities, industrial facilities, public facilities, etc. and is expected to grow 31.0% to 106.5 billion yen in 2023 and to 577.8 billion yen in 2040, an increase of 7.1 times. Forecast. Most small-scale facilities install a combination of solar self-consumption and battery storage, and self-consumption demand is expected to continue to increase due to rising electricity costs. At large-scale facilities, the primary aim is peak shifting and peak cutting in conjunction with solar power, and the use of battery storage is expected to increase as self-consumption of energy increases. increased renewable and self-shipment volumes. In the future, it is expected that the use of DR (demand response) and VPP (virtual power plants) as resource energy sources will increase.
The grid installation/renewable energy sector targets large-scale energy storage systems attached to utility-related facilities and is divided into grid, solar generation and manufacturing wind electricity. In 2023, it is expected to increase 71.5% to 2,172.7 billion Yen and in 2040, it is expected to increase 4.6 times to 5,859.7 billion Yen. With the popularity of renewable energy, the need for power regulation is expanding, and in Japan, “electricity storage business,” which generates profits through electricity trading by charging and discharging batteries storage, is attracting attention. In the future, it is expected that profit models such as the power storage station business will be formed, and the demand for battery storage will increase as renewable energy becomes more popular.
The UPS (uninterruptible power supply) and base station sector targets medium and large capacity UPS as well as backup power for wireless base stations and is expected to grow 14.7% by 2023 to 746.5 billion yen and by 2040 will increase by 46.2 %. The forecast is 952.1 billion yen. With the advancement of cloud services and IoT, the number of data centers being built is increasing and the demand for UPS is also expanding. In addition, the demand for backup power is expected to increase due to the increasing construction of 5G and 6G communication base stations.
Additionally, the electric grid storage system market is expected to be a hot market, with sales expected to increase 45.0% year-on-year to 1,260.9 billion yen by in 2023 and 3,783.5 billion Yen in 2040, an increase of 4.4 times. . From 2023, it will mainly be introduced through demonstration projects and subsidies, but the market is expected to expand seriously in the future. In Japan, the use of on-grid battery storage is underway with the power storage station business and large-scale projects on the rise. In addition, with the introduction of renewable energy, which has problems with stable supply, battery storage will be installed on the generation and grid side, and demand is expected to increase because The purpose is to change the time of electricity use and regulate output.
