Albany, NY -- (SBWIRE) -- 04/30/2013 -- TechNavio's analysts forecast the Global Off-grid Energy Storage market to grow at a CAGR of 6.37 percent over the period 2012-2016. One of the key factors contributing to this market growth is the technology's contribution to reducing global CO2 levels. The Global Off-grid Energy Storage market has also been witnessing an increase in the R and D of off-grid energy storage systems. However, the issue of storage energy loss could pose a challenge to the growth of this market.

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TechNavio's report, Global Off-grid Energy Storage Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it covers the Global Off-grid 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.

The key vendors dominating this space are Ballard Power Systems Inc., FuelCell Energy Inc., Hydrogenics Corp., and UTC Power LLC.

The other vendors mentioned in the report are Plug Power Inc., Protonex Technology Corp., IdaTech LLC, and Ceramic Fuel Cells Ltd.

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Key questions answered in this report:

What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of each of these key vendors?

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