Energy Storage Market to grow at a CAGR of 32.88% forecast to 2021

A new independent 83 page research with title ‘Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021’ guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like Americas, APAC, EMEA andimportant players/vendors such asABB, East Penn Manufacturing, LG Chem With n-number of tables and figures examining the Energy Storage the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022

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HTF recognizes the following companies as the key players in the global energy storage market for renewable energy grid integration: ABB, East Penn Manufacturing, LG Chem, Robert Bosch, and The AES

Research analysts forecast the global energy storage market for renewable energy grid integration to grow at a CAGR of 32.88% during the period 2017-2021.

Other Prominent Vendors in the market are: Alevo Group, Beacon Power, BYD, Exide Technologies, GENERAL ELECTRIC, Green Charge Networks, Highview Power Storage, NEC ENERGY SOLUTIONS, NRG Energy, Renewable Energy Systems, SAMSUNG SDI, Siemens, and Tesla.

About Energy Storage Market for Renewable Energy Grid Integration

Energy storage system plays a vital role during the integration of renewable energy with a main grid. The excess energy generated from the renewable sources during daytime (as in the case of solar energy) is stored in energy storage units and is fed back into the grid when the demand is high or during frequency variation. The major problem associated with renewable energy integration is the energy imbalance created due to the intermittent nature of the renewables, which makes the grid unstable. Energy storage systems are used to address this concern and facilitate grid flexibility.

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Commenting on the report, an analyst from HTF’s team said: “The latest trend gaining momentum in the market is Advances in energy storage technology. Intelligent energy storage adapts Internet of Things (IoT) with energy storage technology to improve efficiency. One of the benefits offered by intelligent energy storage is the increasing feasibility of integrating renewable energy sources with energy storage units. This results in energy-saving benefits that can be particularly attractive to businesses as countries nowadays are pursuing renewable energy targets.”

According to the report, one of the major drivers for this market is Rise in use of renewable resources. The battery energy storage market for renewable grid integration is driven by the prerequisite to maintain grid stabilization and growing integration of renewables such as solar power and wind power with the electrical grid.

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Further, the report states that one of the major factors hindering the growth of this market is V2G services for renewable energy integration. The development of electric vehicle (EV) technology has brought attention toward the development and integration of the transportation sector with electrical power grid. The management and control of EV loads by electric power utility, utilizing the communication between vehicles and the power grid, is known as vehicle to grid (V2G). Some other similar concepts are vehicle to vehicle (V2V) and vehicle to home (V2H). These involve trading power between individuals’ home power network and their vehicle or exchanging power within a community of electric vehicles.

Table of Contents

PART 01: EXECUTIVE

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline
  • Global battery market: Overview
  • Technological overview

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY ENERGY STORAGE

  • Segmentation by energy storage
  • Li-ion battery – Market size and forecast 2016-2021
  • Lead-acid battery – Market size and forecast 2016-2021

PART 07: REGIONAL LANDSCAPE

  • Geogra

….Continued

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