DUBLIN, Apr. 10, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
The analysts forecast the Global Grid-scale Energy Storage market to grow at a CAGR of 31.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to reduce power blackouts. The Global Grid-scale Energy Storage market has also been witnessing the increased demand for decentralized power generation. However, the reluctance of power utilities to upgrade systems in a power grid could pose a challenge to the growth of this market.
The report, Global Grid-scale Energy Storage Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and Asia, and the EMEA region; it also covers the Global Grid-scale Energy Storage market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Various countries across the globe are investing in the Clean Energy sector. For instance, as part of the expansion in the Clean Energy sector, China has entered into a clean energy agreement through the US-China Energy Cooperation Program. The main purpose of the Energy Cooperation Program is to promote the clean energy technology of the US in China, thus generating business opportunities for companies in both countries.
This increased investment in the Clean Energy sector is one of the major driving factors for the growth of the Global Grid-scale Energy Storage market. This is because grid-scale energy storage assists clean technology by reducing the power loss and by enabling the maximum and best utilization of the power grid. This one of the major trends observed in the Global Grid-scale Energy Storage market.
According to the report, one of the major drivers is the increasing need to reduce power blackouts. The increasing incidence of power blackouts is one of the major issues faced by various power end-users across the globe, a major solution for which is the adoption of energy storage technologies in the power grid. Storage of power in the power grid enables power utilities to provide the storage power as backup during power blackouts; this will in turn increase reliability of the power grid.
Further, the report states that one of the major challenges in this market is the reluctance of power utilities to upgrade systems in power grids.
Key Topics Covered:
1. Executive Summary
2. Scope of the Report
3. Market Research Methodology
4. List of Abbreviations
6. Market Landscape
7. Market Segmentation by Enabling Application
8. Market Segmentation by Technology
9. Geographical Segmentation
10. Key Leading Countries in Asia
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
- A123 Systems LLC
- ABB Group
- Beacon Power LLC
- Build Your Dream Co. Ltd.
- GE Energy LLC
- Panasonic Corp.
- S&C Electric Co. Inc.
- Schneider Electric SA
- Siemens AG
- Toshiba International Corp. Pty Ltd.
- VYCON Inc.
- Xtreme Power Inc.
- Boston-Power Inc.
- EnerDel Inc.
- ZBB Energy Corp.
For more information visit http://www.researchandmarkets.com/research/w8q28g/global_gridscale
Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets