Deerfield Beach, FL -- (SBWire) -- 07/15/2015 --Global Smart Grid Storage Technologies Market 2014-2018
The smart grid storage technology refers to the method used to store electricity on a large scale with integration of smart grid system. The electricity is stored during off-peak load hours and is delivered during on-peak load hours. The smart grid storage technology enables to balance demand-supply mismatch and reduces power outages. Lead-acid, sulphur, lithium-ion, supercapacitors, and flow wheel storage technologies are main five types of storage technologies used in the smart grid system.
Global Smart Grid Storage Technologies market to grow at a CAGR of 38 percent over the period 2013-2018.
Covered in this Report
The report covers the segmentation of the Global Smart Grid Storage Technologies market on the bases of Technology and Geography. The Technology segment consists of lead-acid, sulphur, lithium-ion, supercapacitors, and flow wheel and the Geography segment includes the Americas, the APAC, and the EMEA region.
Global Smart Grid Storage Technologies Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC and EMEA regions; it also covers the Global Smart Grid Storage Technologies market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Smart grid storage technology is a method used to store electricity on a large scale with the integration of a smart grid system. It enables the balance of the demand-supply mismatch and reduces power outages. Lead-acid, sulfur, lithium-ion, supercapacitors, and flow batteries are the five main types of storage technology used in the smart grid system.
"The use of smart grid storage technologies makes transmission and distribution more flexible and can help to meet the peak demand and increase the system efficiency,"
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"The use of smart grid storage technologies enables the reduction of losses and improves the efficiency of power plants."
Key Regions:
Americas
APAC
EMEA
Key Market Drivers:
Increase in Power Consumption
Increase in Need for Energy Storage as Distributed Generation
Increase in Environmental Concern
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Key Market Trends:
Increase in Integration of Renewable Energy
Presence of Large Number of Players
Increase in Investment
Key Market Vendors:
Altairnano
Beacon Power
Ice Energy
Xtreme Power
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Smart Grid Storage Technologies Market 2015 - Increase in Power Consumption Driving Growth Prospects by 2019
Global Smart Grid Storage Technologies Market 2014-2018, which is expected to grow at a CAGR of 38% during the forecast period of 2013-2018.