openPR Logo
Press release

Notable industry players operating in the U.S. energy storage market include Duke Energy, E. ON, East Penn Manufacturing, EDF Renewable Energy, Fluence Energy, GE Power, Invenergy, LG Chem, Tesla, ABB, Johnson Controls, SolarEdge and EnerVault amongst oth

11-22-2018 06:13 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Notable industry players operating in the U.S. energy storage

U.S. Energy Storage Market size will exceed USD 4 billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Growing regulatory focus toward minimizing carbon emissions while increasing the share of renewables on the grid will drive the U.S. energy storage market size. Key states including California, Massachusetts, New York, and Oregon have adopted legally defined energy storage capacity to be integrated into the electric grid. In December 2017, the New York government introduced a new law mandating a state-wide energy storage deployment target of 1,500MW by 2025.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2952

The U.S. residential energy storage market will witness robust expansion on account of increasing penetration of solar PV levels along with introduction of supportive policies and energy storage subsidies. California and Hawaii constitute the sizeable proportion of the overall residential energy storage sector in the country with fresh participation anticipated from Arizona and Massachusetts in the near term. The industry growth is further stimulated by growing implementation of time-of-use rates by utilities coupled with reduction in net metering compensation.

Lithium ion energy storage market will witness growth on account of continued downturn in battery costs driven by enhanced manufacturing capacity. Li-ion batteries are utilized in a wide array of energy-storage applications, including residential systems with rooftop photovoltaic arrays and grid ancillary services amongst others. High charge/discharge efficiency and appreciable energy density are some of the key features that will continue to boost the technology adoption over the conventional counterparts.

The U.S. utility energy storage market size will exceed USD 1.5 billion by 2024. Strengthening need to build a disruption-proof grid with the implementation of increased efficiency, resilience, and sustainability will favor the industry growth. Growing concerns over climate change and aging grid infrastructure will further favor the business scenario.

U.S. energy storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2952

U.S. Energy Storage Market, By Deployment
• Residential
• Non-residential
• Utility

U.S. Energy Storage Market, By Technology
• Lithium Ion
• Lead Acid
• Sodium Chemistry
• Flow Vanadium
• Flow Zinc
• Others

Browse key industry insights spread across 140 pages with 34 market data tables & 29 figures & charts from the report @ https://www.gminsights.com/industry-analysis/us-energy-storage-market

Increasing share of renewables in the national grid facilitated by several fiscal incentives and ventures will stimulate the U.S. energy storage market size. The share of renewable in the California energy mix has been growing exponentially, thereby supporting the industry growth. In addition, legislative mandate to increase renewable generation to achieve emissions reductions targets will positively influence the industry outlook.

Key industry participants active in the U.S. energy storage market comprise Duke Energy, East Penn Manufacturing, E.ON, EDF Renewable Energy, GE Power, EnerVault, LG Chem, Fluence Energy, Invenergy, Johnson Controls, Tesla, SolarEdge, and ABB amongst others.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Notable industry players operating in the U.S. energy storage market include Duke Energy, E. ON, East Penn Manufacturing, EDF Renewable Energy, Fluence Energy, GE Power, Invenergy, LG Chem, Tesla, ABB, Johnson Controls, SolarEdge and EnerVault amongst oth here

News-ID: 1390543 • Views: 311

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Energy

Wind Energy Technology Market
HTF MI released a new market study on Southeast Asia Wind Energy Technology Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study
Skylight Energy Melbourne
Skylight Energy is the leading provider of solar energy in Australia. We specialise in high quality yet affordable renewable energy products for either your home or business. Our large selection of products consists of only the finest Tier 1 solar panels, solar inverters and home battery packs. All of our products have been approved by the Clean Energy Council, and certified for safety to the highest Australian and international standards. Whether
Green energy
Green energy is the electricity derived from smooth assets generating minimum pollution and consists of sun photovoltaic, hydropower, wind electricity, bio-fuels and geothermal. expanded investments in era studies and improvement, supportive regulatory frameworks, extended consciousness and electricity security troubles and environmental concerns amongst others are fueling the boom in call for for clean and inexperienced energy. The report on the Global Smart Cards Automated Fare Collection System Market is a thorough
Energy Drinks in India
ReportsWorldwide has announced the addition of a new report title Energy Drinks in India to its growing collection of premium market research reports. Energy Drinks in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Complete Energy Management from eSight Energy
Why choose eSight Energy? You can manage and reduce your energy with the eSight software by importing data into the software and managing your expectations with informative and intuitive graphs and charts. Please view the video here: https://vimeo.com/203430337 eSight Energy provides energy management solutions for use across any type of building or process. With installations across Europe, the US, Middle East and Asia, solutions are provided through a network of resellers
Plant Optimisation Saves Energy
Can the coating dry more quickly? Is it possible to reduce the rejection rate? Does the plant use too much energy? Many companies ask themselves questions like these. Energy and material costs are important considerations for industrial companies who wish to maintain or improve their competitiveness. At the same time, the optimisation of existing plant can often be the more sensible and cost-effective option over installing new plant. A