(PRWEB) March 03, 2014
The report “Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage & Transportation), & Geography - Global Trends & Forecast to 2018” defines and segments the global advanced energy storage systems market with analysis and forecasts of the global revenue. The advanced energy storage systems market is estimated to grow from over $4 billion in 2012 to nearly $10 billion by 2018, at a CAGR of over 16%.
Browse 105 market data tables with 25 figures spread through 263 pages and in-depth TOC on "Advanced Energy Storage Systems Market.”
Early buyers will receive 10% customization on this report.
Request for free 10% customization of report: http://www.marketsandmarkets.com/requestCustomization.asp?id=1306
Increased electricity generation coupled with complex demand patterns and growing need of electric vehicles drive the need for energy storage systems. The complex demand pattern for electricity increases the scope for the advanced energy storage systems. Growing renewable targets play a key role in the growth of the market, globally.
The developed countries as well as the developing in Asia-Pacific, Europe and North America, are keen towards energy infrastructure upgrades to meet the growing demand for power and taking measures to control energy future consumption. With this objective the energy storage projects are soon to take priority within the energy policies, with the U.S. already having advanced. Electric vehicles is also taking priority with the Electric Vehicle Initiative (EVI) members, including the U.S., U.K., France, Germany, China, Japan, India and others, having pledged to add 20 million new electric vehicles on road by 2020.
Grid scale projects are expected to increase in the future for better peak demand management (Load Balancing), for provision of power quality (Frequency Regulation) and optimize generation by effectively integrating renewable power. Control of the carbon foot print by reduction of fossil fuel usage has been and will continue to dominate the energy scenario driving the increase of electric as well as hybrid electric vehicles, globally. The grids as well as the transportation needs are thus likely to drive the energy storage markets to a new high with continued momentum.
Although, the energy storage market is quite promising in Asia-Pacific, Europe and North America, it has not been encouraging in the other parts of the world. However, there exists a smaller portion in terms of thermal storage. Immense availability of hydrocarbons, especially in the Middle East, currently disallows a strong scope for energy storage system.
The report analyzes and projects the advanced energy storage systems market by technology, geography, and application. The advanced energy storage systems market by technology includes pumped hydro, compressed air, battery, and flywheel segments, while the market by geography includes Asia-Pacific, Europe, North America, and the ROW. The market is also classified by applications that include grid storage and transportation.
The report also includes market share, value chain analyses, Porters five force analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents a competitive landscape and company profiles of 20 key battery manufacturers in the market.
Download Free PDF Sample Today!
Browse Related Reports
Advanced Energy Storage Technologies Market by Type, Applications and Strategic Opportunities (Forecast to 2016)
Power Grid System Market In Subsea, By Offshore Power (Captive Generation, Wind Power, Others), Components (Cables, Variable Speed Drives, Transformers, Switchgears, Others) and Geography - Global Trends & Forecast To 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog: http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets