Dallas, Texas (PRWEB) December 24, 2013
Advanced energy storage is an important element with respect to the future electrical needs and energy efficiency measures. Conventionally, electricity is consumed soon after being generated as there are no effective technologies to store electricity in the required quantities. With emerging technologies, this phenomenon is improving with continuously improved energy densities and capital costs. Although, pumped hydro storage technology, which is more than 100 years old and by far the most prominent of all available technologies, is operational across the world, it still depends on the availability of natural resources (water bodies) for being set up limiting the scope of application.
Numerous technologies, other than pumped hydro storage with different capabilities, are now in the market with continuous research and development in progress. These include compressed air energy storage, batteries, supercapacitors, fuel cells, and flywheels. Emerging and developing technologies include hydrogen storage, super magnets and synthetic gas.
Complete report available @ http://www.rnrmarketresearch.com/advanced-energy-storage-systems-market-by-technology-pumped-hydro-compressed-air-batteries-flywheels-supercapacitors-by-applications-grid-storage-transportation-geography-global-trends-market-report.html.
Pumped hydro storage technology, relatively, has longer discharge times and longer life, and are hence, more widely used in the grid storage for load balancing and peak shaving. Similarly, NaS batteries are also used for load balancing and time sharing. Other systems, such as flywheels that have shorter discharge times, are used in frequency regulation on the grid. Also, the advancement of lithium-ion batteries, in terms of cost reduction and efficiency improvement, is driving the electric vehicles market, globally.
Globally, the advanced energy storage systems market, including grid storage and transportation, is expected to grow at a CAGR of 10% in the next five years and reach $10.3 billion by 2018. The key growth drivers being, growing renewable energy source implementation all over the world, new transmission and distribution grid construction and upgrade across major countries, smart grid installation, and encouraging demand for electric and hybrid vehicles in most of the developed and developing countries.
The ‘Advanced Energy Storage Systems Market’ report highlights and classifies important technologies in the market. It also briefs out energy storage market by key applications as grid storage and transportation and classifies it by geography into Asia-Pacific, Europe, North America, and ROW regions. It presents the current and projected markets of grid storage, battery storage and supercapactiors. The report also includes profiles of battery manufacturers and presents a landscape of recent developments by these battery market giants. For this study, key market players were identified through secondary and primary research activities.
Major Point of table of content
10 Company Profiles
10.1 A123 Systems, Llc.
10.2 Active Power, Inc.
10.3 Altair Nanotechnologies Inc.
10.4 BYD Company Ltd.
10.5 China Bak Battery Inc.
10.6 Electrovaya Inc.
10.7 Energizer Holdings Inc.
10.9 Exide Technologies
10.10 GS Yuasa Corporation
10.12 LG Chem Ltd.
10.13 Maxwell Technologies Inc.
10.14 Nippon Chemi-Con Corporation
10.16 Samsung SDI Co. Ltd.
10.18 The Furukawa Battery Co. Ltd
10.19 Toshiba Corporation
10.20 Valence Technology
Purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=136968.
Browse more reports on Energy Storage Reports @ http://www.rnrmarketresearch.com/reports/energy-power/energy/energy-storage.
RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.