Wednesday, July 31, 2013

Market Research Report on Global Smart Grid Energy Storage Market 2009-2013

MarketResearchReports.Biz announces addition of new report “Global Smart Grid Energy Storage Market 2009-2013” to its database

Global Smart Grid Energy Storage Market 2009-2013 report by Technavio Insights forecasts the Smart Grid Energy Storage market to grow at a CAGR of 39.7 percent, with EMEA region witnessing the highest growth rate.

The major growth drivers include:
  • Energy storage systems in smart grids are now been implemented to improve transmission capacity, which is likely to find more political acceptance and which in turn will lead to their widespread adoption
  • Lack of flexibility of nuclear and coal power generation is also driving the Smart Grid Energy Storage market
  • Increasing renewable energy penetration in the electrical grid (smart grid) has been a major factor for growing energy storage system demand

However, the market is facing some challenges which can inhibit the growth. For example energy storage technologies have regulatory challenges during the implementation in smart grid. The market has also very limited credit or finance availability, which has been affecting the capital investments and R&D spending in this industry.

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For the purpose of this report, the Global Smart Grid Energy Storage market refers to electric supply grids with two way digital control technology, which helps vary electricity charges during peak and off peak periods, and in keeping track of electricity flow in an electrical grid system.
This report analyzes Smart Grid Energy Storage markets recent performance and provides worldwide market revenue and growth rates from 2009 through to 2013. It provides the market segmentation and forecasts for the market in each region (Americas, EMEA, APAC) for the period 2009 through to 2013.

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