Grid-Scale Energy Storage Market – by Storage Technology (Battery, Flywheel, Compressed Air Energy Storage, Pumped Hydro Power, Thermal), Application (EV Charging, UPS, Renewable Energy Integration, Micro grid) & Geography – Global Forecasts to 2020
Grid-scale energy storage system refers to the technologies that are being used for the purpose of energy storage, so that this energy can be consumed in the future during adverse conditions such as power shortages, blackouts, or during high demand for power supply. This system mainly includes pumped hydro storage systems, advanced batteries, flywheel, and other evolving technologies such as compressed air energy storage (CAES). The growth in demand for grid scale energy storage is fueled by factors such as the need to enhance the reliability, stability, and resiliency of the electricity grid, and the need to integrate the energy produced from renewable sources like solar and wind. The enactment of legislation and programs that mandate the adoption of grid scale energy storage is driving the investors’ interest and customer demands. California Public Utilities Commission (CPUC) recently passed a mandate to establish 1.3GW battery grid storage by 2020.
This report on the Grid-scale energy storage system market analyzes the complete value chain, giving a very clear insight of all major and supported segments to the industry. The Grid-scale energy storage system market has been segmented based on different applications and storage technologies. This report also analyzes the market trends in this sector; market dynamics such as drivers, restraints, and opportunities along with the industry’s burning issues and winning imperatives.
The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and a detailed market share analysis of key industry players. Some of the major players in this market are ABB (Switzerland), GE Energy (U.S.), Panasonic (Japan), Toshiba International (Japan), Johnson Controls (U.S.), LG Chem (South Korea), Samsung SDI (South Korea), and Aquion Energy (U.S.).
Get online access to the report on the World's First Market Intelligence Cloud
Request Sample Scope of the Report
:
This report categorizes the global market for grid-scale energy storage system on the basis of storage technology, application, and geography
Market on the basis of application:
Application areas of grid-scale energy storage systems include electric vehicle charging, UPS, renewable energy integration and micro grids.
Market based on storage technology:
The grid scale energy storage market is segmented into different types of batteries, flywheels, compressed air energy storage, pumped hydro power, and thermal.
Market based on geography:
The geographic analysis covers North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deeper insight into the regional markets.
Growth opportunities and latent adjacency in Grid-Scale Energy Storage Market