Press release
During the Period 2016-2019, Global Energy Storage Market for Microgrids to Grow at a CAGR of 27.8%
About microgridsMicrogrids are remote grids that can operate independently from conventional grid networks. They have control capabilities and are geared to connect to a main grid at a point of coupling that can maintain the voltage at the same levels as the main grid. These grids are also capable of negating instabilities by enabling the deployment of renewable energy sources such as solar PV and wind energy. Further, the use of renewable energy sources to serve remote areas helps reduce T&D losses by boosting efficiencies of the overall system. Various technologies such as advanced li-ion, advanced lead-acid, flow batteries, sodium-metal halide, and flywheels technologies are available for energy storage for microgrids.
Technavio's analysts forecast the global energy storage market for microgrids to grow at a CAGR of 27.8% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for microgrids for the period 2015-2019. The market has been segmented based on geography and technology.
Technavio's report, Global Energy Storage Market for Microgrids 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Key regions
Americas
APAC
EMEA
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Key vendors
AES Energy Storage
Axion Power International
BYD
East Penn Manufacturing
Exide Technologies
LG Chem
NGK Insulators
SAFT
Samsung SDI
Key market driver
Renewable energy installations
For a full, detailed list, view our report
Key market challenge
Limited performance of lead-acid batteries in ESS
For a full, detailed list, view our report
Key market trend
Government participation
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 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 the key vendors?
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