Dallas, TX -- (SBWIRE) -- 02/12/2014 -- 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 - Global Trends & Forecast to 2018”
Early buyers will receive 10% customization on this report.
Inquire Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1306
Energy storage, especially electricity, is a key phenomenon, globally. Trillions of watt hours of electricity is produced every year and is expected to increase many fold in the future. But, the fluctuating demand patterns unevenly overload the generation and grid systems, giving rise to the strong need of storage systems. The advanced energy storage systems market is, therefore, likely to flourish with strong investments and plans being made, globally.
North America is the largest market for battery storage in 2012, with the stong activities from the U.S., in terms of transporation. It is expected to remain the largest market in the future with strong goals of electric vehicle additions and policies to improve energy efficiency. Considerable amount of new grid scale storage projects by battery technology are in place till 2020 in the U.S., giving a strong market scope in the region. However, Asia-Pacific and Europe are expected to be the key contributors to the market in the next five years from 2013 to 2018, due to various planned grid-based battery storage projects.
In pumped hydro storage technology, Europe was the largest market in 2012 with bulk additions of hydro storage capacity. However, Asia-Pacific is expected to be the key market gainer in the next few years due to strong capacity addition from the new planned projects till 2020. China and Japan are main key countries which are strongly moving towards renewable sources until 2020, thus increasing the scope of advanced energy storage market.
Browse related Reports:
Fuel Cell Technology Market: By Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) & Geography- Global Trends and Forecast to 2018
Circuit Breaker Market & Fuse Market by Type (High, Medium, Low Voltage), Application Non-Residential/Residential Construction, Electronic/Electrical Equipment, Transportation Equipment (Automotive/Non-Automotive) & 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. M&M covers thirteen industry verticals, including advanced materials, automotives 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
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets