New York, NY -- (SBWire) -- 05/13/2020 --Intelligent energy storage systems allow consumers to improve the usage of their electricity. These systems store energy in batteries for the consumers to use it later. However, they do not display the consumption pattern or guide the consumers how to use since it is an intelligent energy storage system. They help the consumer to see the energy use at granular level including the ideal presentation of how much electricity is consumed by an individual switch, any appliance, or a plug-in at home. It helps the user to program exact amount of electricity used every day as a lifestyle part in order to avoid or reduce wastage.
Major Key Players of the Intelligent Energy Storage System Market are:
NEC Telecommunication and Information Technology, ABB, ENGIE Storage Services NA, azeti GmbH, CODA Energy., Stem. Inc., Wärtsilä, and others.
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The market growth of intelligent energy storage systems can be attributed to factors, such as growing concerns regarding environmental impacts caused by the use of fossil fuels for electricity generation. Therefore, the rising demand for renewable energy sources leading to the rising demand for intelligent energy storage systems. According to The International Energy Association (IEA), in order to keep global warming below 2 degrees Celsius, the world needs 266 GW of energy storage by 2030, up from 176.5 GW in 2017. Increasing investments by leading players in the development of intelligent energy storage systems are among the prime factors boosting market growth.
Other factors such as government initiatives for electricity storage, new regulatory mandates in the U.S., which highlight the importance of lower infrastructure costs, as well as greater efficiency, flexibility and affordability, for current intelligent energy storage solutions and emissions are expected to propel the market growth. Moreover, the cost of energy storage decreases with the reduction in the cost of batteries and other components, thus further boosting the market growth.
Major Types of Intelligent Energy Storage System covered are:
Flow Batteries
Lithium Ion, and Advanced Lead Acid Batteries
Major Applications of Intelligent Energy Storage System covered are:
Commercial Storage
Residential Storage
Industrial storage, and Grid Scale
Research objectives:-
- To study and analyze the global Intelligent Energy Storage System consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Intelligent Energy Storage System market by identifying its various sub-segments.
- Focuses on the key global Intelligent Energy Storage System manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Intelligent Energy Storage System with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Intelligent Energy Storage System market projections, market sizes, and shares. Moreover, the Intelligent Energy Storage System market report examines the most recent trends, pipeline products and developments in the Intelligent Energy Storage System market. Complete profiles of leading organizations in the market are also mentioned in this report.
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Intelligent Energy Storage System Market Size
2.2 Intelligent Energy Storage System Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Intelligent Energy Storage System Market Size by Manufacturers
3.2 Intelligent Energy Storage System Key Players Head office and Area Served
3.3 Key Players Intelligent Energy Storage System Product/Solution/Service
3.4 Date of Enter into Intelligent Energy Storage System Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Intelligent Energy Storage System Sales by Product
4.2 Global Intelligent Energy Storage System Revenue by Product
4.3 Intelligent Energy Storage System Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Intelligent Energy Storage System Breakdown Data by End User
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In the end, Intelligent Energy Storage System industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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COVID-19 Impact on Intelligent Energy Storage System Market Detailed Insights on Upcoming Trends 2019-2030 - ABB, ENGIE Storage Services NA, Azeti
Intelligent Energy Storage System Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the Global Intelligent Energy Storage System Market is anticipated to grow at a steady CAGR from 2019 to 2030.