Description

This market insight discusses about the different emerging energy storage technologies and its opportunities in the next 7 years in Europe. Different technologies such as Pumped hydro energy storage, compressed air energy storage, hydrogen energy storage, battery energy storage, molten salt energy storage are analysed with its short-term and long-term growth opportunities. Added to this, the opportunities of these technologies in the renewable, utility and automotive applications are discussed and its potential for growth in the next 7 years is provided. The key market drivers, restraints and the factors that could challenge this market growth is also discussed.