Global Advanced Energy Storage Systems Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 8.48% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 2, 2018--The “Global Advanced Energy Storage Systems Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The analysts forecast the global advanced energy storage systems market to grow at a CAGR of 8.48% during the period 2018-2022.
Advanced energy storage technologies are used to store excess electricity that can be utilized during blackouts, power shortages, and peak hours of demand. This excess electricity is supplied to end-customers when energy demand exceeds generation. Advanced energy storage plays an important role in storing electrical energy and helps the consumers manage their energy in real-time.
One trend in the market is increased adoption of microgrids. A microgrid is a small-scale power grid that has its own generation and storage resources and definable boundaries. Microgrids can operate independently or collaboratively with other small power grids.
One driver in the market is government initiatives to promote advanced energy storage. Electricity grids require constant adjustments to the supply for predictable changes in demand as well as unexpected changes due to equipment overloads or force majeure activities. These factors make it compulsory for energy storage systems to create a balanced and reliable grid system.
The report states that one challenge in the market is widening lithium demand-supply gap. Until recent days, Li-ion batteries were primarily used for their applications in portable electronics. From the past few years, Li-ion batteries are rapidly being used as advanced energy storage systems. Li-ion batteries constitute around two-thirds of the total electrochemical energy storage.
Companies MentionedBYD Fluence Kokam NEC SAMSUNG SDI Toshiba
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Force Analysis
07. Market Segmentation By Technology
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/lxtdzs/global_advanced?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180802005553/en/
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Related Topics:Energy Storage
INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 08/02/2018 10:41 AM/DISC: 08/02/2018 10:41 AM