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 - New Market Research Report
Electricity demand is expected to grow globally in the future by many folds. It is expected to grow to 32,000 TWh by 2035, a 70% increase from 2012. The global consumption of electricity is expected to grow by over 60% from 2011 to 2030. This huge demand increase has to be met by increased generation which requires 6,000 GW of added new capacity, apart from the existing capacity.
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