Energy Storage Market
Growth in Renewable Energy and Distributed Generation to Drive the Global Industrial Battery Market
Region : GlobalThe global industrial battery market is a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023. The major factors driving industrial batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage represent a u...
An Overview of the Current State of Prosumerism and the Challenges and Solutions Enabling the Transition
Region : GlobalProsumerism can help the energy end users achieve energy ownership. The stakeholders can decide what to do with the energy they produce. It helps them take part in energy selling and procuring and also provides them with the choice of whom to buy from and at what price. The export of excess energy can also be done at prices they deem suitable for t...
Development of Remote Power Systems and Mobile Connectivity will Drive Uptake of Battery Energy Storage Systems
Region : AfricaPower storage through the use of battery energy storage systems is critical to countries in Sub-Saharan Africa. While the foremost application of battery storage would be in renewable energy-based off-grid power systems for rural electrification and all-round electricity access, batteries are set to play a major role across commercial and industria...
Utility-scale Projects by Vanadium Redox Chemistry Dominate the Market Accounting for Over 80% of Revenue
Region : GlobalThe importance of utility-based energy storage is driving demand for multiple options of efficient, cost-effective, and long standing storage solutions. The flow battery, with all its attractive features, is to become the most preferred chemistry for utility-based storage. Thus, the global flow battery market will witness a steady growth in unit vo...
The Current Focus Area is to Increase Specific Capacity of Battery
Region : GlobalThere are 3 main goals that influence direction research and development for anode and cathode for lithium-ion batteries, which are to increase longevity of the battery both in terms of capacity and calendar life, to widen safe operating windows and to reduce cost per kWh of battery. These 3 main goals or achievement lead or push researchers to con...
Transformational New Business Models Focussing on Integrated Distributed Energy Storage Systems
Region : North AmericaDistributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...
Identifying Best Practices among Leading Firms
Region : EuropeThe energy industry, which has traditionally been highly stable, is currently undergoing a drastic transformation. A number of disrupting elements, including the digitisation of electricity networks and products, deregulation, increased competition from new entrants, decreasing demand, a shift to cleaner energy sources, changes in consumption patte...USD 1,500Read More
Government Mandates and Rapid Technology Adoption will Drive the Adoption of Smart Meters and Advance Metering Infrastructure (AMI)
Region : Asia PacificThis smart utility network market is a culmination of different but largely interconnected segments, viz., smart meter/ advance metering infrastructure (AMI), smart consumer applications, and grid level applications. The total smart utility network market is forecasted to grow by a CAGR of below 10% from 2015 to 2020. Only the smart consumer applic...
Demand from Data Centers Drives Growth in the European Union and the United States, while Ageing Infrastructure Drives Revenue in Other Regions
Region : GlobalThe global UPS market is witnessing growth due to datacenter demand from North America and Europe. UPS is an inevitable product purchase to ensure high power quality to equipment that cannot afford an interruption or disturbance in power. The market witnessed a slump in 2013, due to decreased investments, but from 2014, there has been steady growt...
Identify Energy Storage Growth Areas and Opportunities
Region : GlobalThis customer survey was conducted to identify energy storage growth areas and opportunities, determine regions with the most opportunities for growth in the energy storage marketplace, assess what criteria is most important for energy storage technology, highlight new developments in energy storage technologies such as new chemistries and manufact...USD 10,000Read More