New York City, NY: Jun 18, 2019 – Published via (Wired Release) – An Energy Storage System (ESS) stores electric energy, which can be utilized later. ESS improves energy efficiency by enhancing the quality of renewable energy that results in stabilization of a power supply system. Electrochemical batteries are a rapidly growing segment in the energy market. Batteries come in a wide array of sizes, and are specific for numerous applications. With costs falling as scale ramps up, applications of these batteries are expected to witness rapid growth.
The global energy (electricity) storage market was valued approximately at US$ 1 Bn in 2017 and is expected to register a CAGR of 37.6%. The first five-year cumulative revenue (2017–2021) of the global market is projected to be approximately US$ 10 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.
Increasing penetration of variable energy generation systems such as solar and wind are expected to increase demand for ancillary services to manage higher levels of uncertainty and variability, which requires a reliable method for frequency regulation and load balancing operations, thereby creating high potential opportunities for players in the market.
The comprehensive research report comprises a complete forecast of the global energy (electricity) storage management market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global energy (electricity) storage market is expected to expand at a CAGR of 37.6% during the forecast period.
Request For Sample Report Before Buying (Use Corporate eMail ID to Get Higher Priority): https://marketresearch.biz/report/energy-electricity-storage-market/request-sample/
Global Energy (Electricity) Storage Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes lithium-ion battery, all-vanadium flow battery, zinc-bromine flow battery, advanced lead-acid batteries and others. The application segment includes residential, commercial, industrial and utility. The regions/countries covered in the analysis are North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East & Africa and RoW.
By Product type: The lithium ion battery segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 39% between 2017 and 2026.
By application: The utility segment is projected to account for highest revenue share as compared to that of other application segment, and register a CAGR of over 35% over the forecast period, owing to need for new infrastructure to modernize and expand the grid and commercial rising interest from renewable generation developers seeking to add storage to large-scale solar installations to overcome existing network constraints.
By region/country: The energy (electricity) storage market in North America accounted for highest revenue share in the global electricity (energy) storage market in 2016, and is expected to register a CAGR of over 35% between 2017 and 2026, owing to the presence of prominent players in the region.
Inquire for Further Detailed Information About The Report Before Buying (Use Corporate email ID to Get Higher Priority): https://marketresearch.biz/report/energy-electricity-storage-market/#inquiry
Global Energy (Electricity) Storage Market: Competitive Analysis
The research report on the global energy (electricity) storage market includes profiles of some of major companies such as NGK Insulators Ltd., ABB Ltd., AEG Power Solutions B.V., LG Chem, Ltd., Princeton Power Systems, Inc., General Electric Company, Samsung SDI Co., Ltd., NEC Energy Solutions, SolarCity Corporation – (Tesla, Inc.), ZEN Energy Pty Ltd., S&C Electric Company, Outback Power Inc., Saft Groupe S.A., The AES Corporation, and Eos Energy Storage.
Pricing Details For The Report: (Limited Period Offer) Single User- $3,995 | Multiple User- $6,600 | Corporate Users- $8,200
To Purchase This Premium Report Click Here: https://marketresearch.biz/purchase-report/?report_id=4586
How do Single user, multiple user, and corporate licenses differ from each other?
Single user, multiple user, and corporate licenses are differentiated on the basis of the number of users permitted to use the ordered reports. For a single user license, the distribution of a report copy will be restricted to only one user. Understood by its term, a multiple user license will be restricted to more than one user, typically five users only. Corporate license holders, on the other hand, will be able to distribute a report copy across their organization.
About Us:
MarketResearch.Biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. It offers services such as data mining, information management, and revenue enhancement solutions and suggestions.
Contact Us:
Mr. Benni Johnson
Prudour Pvt. Ltd.
420 Lexington Avenue,
Suite 300 New York City, NY 10170,
United States
Tel: + 1-347-826-1876
Email ID: inquiry@marketresearch.biz
Website: https://marketresearch.biz/
from Wired Release http://bit.ly/2x2ml74
via gqrds
No comments:
Post a Comment