Business type: manufacturer Product types: lead acid batteries, automotive starting batteries, marine batteries, industrial batteries, solar batteries, DC to AC power inverters, rechargeable batteries, deep-cycle batteries, AGM batteries. Address: Venezuela ; Web Site:
AMI helps battery storage manufacturers, integrators, and operators understand what their competitors are doing (how are they pricing their products, what are their sales strategies), define the current and future market size and evaluate the most promising opportunities within the BESS space in Latin America.
This report provides an in-depth analysis of the lithium battery market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as
8 Venezuela Lithium Ion Battery Market Key Performance Indicators. 9 Venezuela Lithium Ion Battery Market - Opportunity Assessment. 9.1 Venezuela Lithium Ion Battery Market Opportunity Assessment, By Type, 2020 & 2030F. 9.2 Venezuela Lithium Ion Battery Market Opportunity Assessment, By Power Capacity, 2020 & 2030F
Business type: manufacturer Product types: lead acid batteries, automotive starting batteries, marine batteries, industrial batteries, solar batteries, DC to AC power inverters, rechargeable batteries, deep-cycle batteries, AGM batteries. Address: Venezuela ; Web Site:
The same report from the National Assembly estimated that the current electricity price in Venezuela is subsidized by at least 80% (Millan & Gonzalez, 2017, pp. 76). In addition, the high inflation rate also undermines the profitability of the company.
The current total installed electricity generation capacity in Venezuela is 34 GW, but due to a lack of maintenance and investment only nearly 40% (14 GW) of the installed capacity is available or in operation (Millan & Gonzalez, 2017).
One the main reasons is that the electricity tariff, established by the Electricity Ministry, does not reflect the real costs. The same report from the National Assembly estimated that the current electricity price in Venezuela is subsidized by at least 80% (Millan & Gonzalez, 2017, pp. 76).
In the case of the Venezuelan energy sector, the IEA estimates that in 2017 the total fossil-fuel consumption subsidies in Venezuela rose to become one of the highest in the world at nearly USD 16,3 billion, which corresponds to around 8% of the country’s GDP.
For a country like Venezuela, highly dependent on the revenue from oil exports and with an inefficient energy industry, it was just a matter of time. The most recent oil price crisis, which saw the oil price collapse from 115 $/bbl in June 2014 to 35 $/bbl in February 2016, proved to be particularly harmful to Venezuela.
In 2016, 67 633 GWh were generated by hydropower and 44 944 GWh from the combustion of gas and fuel-oil (IEA, 2018b). The Venezuelan electricity system has been designed so the main hydropower plants are located in the southern part of the country, taking advantage of multiple rivers and water reservoirs.
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