Energy Storage for Renewable Energy Grid Integration 2017 Global Market Expected to Grow at CAGR 32.88% and Forecast to 2021
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New York, NY -- (SBWire) -- 12/13/2017 --The analysts forecast the global energy storage market for renewable energy grid integration to grow at a CAGR of 32.88% during the period 2017-2021.
Energy storage system plays a vital role during the integration of renewable energy with a main grid. The excess energy generated from the renewable sources during daytime (as in the case of solar energy) is stored in energy storage units and is fed back into the grid when the demand is high or during frequency variation. The major problem associated with renewable energy integration is the energy imbalance created due to the intermittent nature of the renewables, which makes the grid unstable. Energy storage systems are used to address this concern and facilitate grid flexibility.
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Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for renewable energy grid integration for 2017-2021. To calculate the market size, the report considers the new installations market and exclude aftermarket.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- ABB
- East Penn Manufacturing
- LG Chem
- Robert Bosch
- The AES
Other prominent vendors
- Alevo Group
- Beacon Power
- BYD
- Exide Technologies
- GENERAL ELECTRIC
- Green Charge Networks
- Highview Power Storage
- NEC ENERGY SOLUTIONS
- NRG Energy
- Renewable Energy Systems
- SAMSUNG SDI
- Siemens
- Tesla
Market driver
- Rise in use of renewable resources
- For a full, detailed list, view our report
Market challenge
- V2G services for renewable energy integration
- For a full, detailed list, view our report
Market trend
- Advances in energy storage technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 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?
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Table Of Contents – Major Key Points
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
- Global battery market: Overview
- Technological overview
PART 05: MARKET LANDSCAPE
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: MARKET SEGMENTATION BY ENERGY STORAGE
- Segmentation by energy storage
- Li-ion battery – Market size and forecast 2016-2021
- Lead-acid battery – Market size and forecast 2016-2021
PART 07: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast 2016-2021
- Americas – Market size and forecast 2016-2021
- EMEA – Market size and forecast 2016-2021
- Key leading countries
- Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Advances in energy storage technology
- Increasing deployment of microgrids
- Deployment of liquid air energy storage system
PART 11: VENDOR LANDSCAPE
- Vendor analysis
- Other prominent vendors
PART 12: VENDOR ANALYSIS
- Vendor overview
- ABB
- East Penn Manufacturing
- LG Chem
- Robert Bosch
- The AES
Continue…….
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