Press release
Demand for Energy Storage Technology Expected to Skyrocket in Asia-Pacific in Coming Years
Download report sample at: https://www.psmarketresearch.com/market-analysis/energy-storage-market/report-sample
Countries across the world are reducing their dependency on conventional energy sources like coal, gas, and oil and growing their focus on non-conventional sources. Renewable energy sources, like solar and wind, have variable outputs, which need storage technologies to smoothen the electricity supply from multiple sources. Unlike non-renewable energy sources, which take more time to ramp up and deliver full power, the storage technologies can quickly discharge power to grids. The rapid response is vital for ensuring the stability of the grids in situations of sudden demand.
One of the key factors boosting the demand for energy storage systems is the international outcry regarding pollution from non-renewable energy sources. Conventional power sources like natural gas, coal, and oil have an adverse impact on the environment. Governments and international organizations have started encouraging the adoption of power storage systems employing less-polluting and renewable forms of energy generation. These systems are used to store surplus power for later use, as per the requirement. The deployment of energy storage systems is escalating with the increasing shift toward pollution-free and sustainable energy sources.
Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=energy-storage-market
According to P&S Intelligence, the Asia-Pacific (APAC) region led the market in 2019, due to the rise in engineering, procurement, and construction (EPC) activities in Japan, India, and China. Governments of these nations are rapidly installing smart grid community systems for electricity delivery. On the other hand, in the coming years, the Latin American and African energy storage market will register significant growth, due to the growing inclination toward battery storage systems and pump hydro electrical systems (PHESs).
Thus, the reducing dependency on traditional energy sources and the increasing reliance on renewable energy sources to meet the sheer power demand will amplify the installation of energy storage systems, globally.
Contact:
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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 Demand for Energy Storage Technology Expected to Skyrocket in Asia-Pacific in Coming Years here
News-ID: 2305055 • Views: …
More Releases from P&S Intelligence
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,…
More Releases for Governments
Local governments have their own LMS needs
Between national and state agendas, community expectations and regional talent scarcity, local governments face many workforce challenges. A good local government learning management system (LMS) can make all the difference. That's one of the key takeaways from the Acorn subject matter experts' latest article on local government LMSs.
At a high level, the local government LMS is used to provide both internal employee training and external public training. Internally,…
Governments Deploying Air Ambulance Services To Save Human Lives
Governments across the world are making numerous efforts to deploy air ambulance services in specific areas to offer better and immediate treatment to patients. For example, in August 2019, the government of Tamil Nadu, India, established air ambulance facilities to shift patients suffering from chronic diseases and people injured in road accidents at distant locations to healthcare centers located within a 200–300 km radius. Likewise, China has introduced a pilot…
Governments Making Efforts to Popularize Capnography Devices
The application of capnography in healthcare settings is rising due to the escalating support from the government. Organizations such as the American Society of Anesthesiologists (ASA), National Center for Patient Safety (NCPS), American Heart Association (AHA), and Anesthesia Patient Safety Foundation (APSF) are issuing numerous guidelines to promote the use of capnography devices globally. Further, the use of these devices has been made mandatory by the American Society of Gastrointestinal…
Smart Governments Market : Demand Analysis and Precise Outlook
The implementation of advanced technologies, innovative policies, and business models to address the environmental, financial, and service challenges faced by governmental organizations is known as smart government. The concept of smart government is based on communication network and information systems. Increasing adoption of smart technologies by various governmental bodies has resulted in growth of smart government market. Furthermore, increasing demand for smart technology by consumer and requirement to secure data…
Smart Governments Market Size: $ 28.24 Bn by 2022
Smart Governments Market size 2017-2022 by Service spreads across 157 pages profiling 16+ companies and supported with 79 tables and 60 figures available at rnrmarketresearch.com
Get Sample Copy Here @ https://goo.gl/5awjJN
“Growing data from multiple sources allowing the government agencies to process them for digital transformation is expected to drive the growth of the smart governments market”.
The smart government’s market size is expected to grow from USD 11.73 billion…
Absorption Spectrometers Market - Extensive Financial Support From Governments.
Absorption Spectrometers Market: Overview
Absorption spectroscopy is analytical technique that measures the concentration of an element by measuring the amount of light absorbed (at a specific wavelength) when it passes through a sample. Absorption spectroscopy is used in several industries such as such as food and beverages, pharmaceutical, biotechnology, clinical diagnostics and environmental monitoring for the purpose of quality assurance.
Browse Market Research Report @ http://www.transparencymarketresearch.com/absorption-spectrometers-market.html
The technique is also employed in studies…
