Albany, NY -- (SBWIRE) -- 04/15/2013 -- TechNavio's(http://www.researchmoz.us/publisher/technavio-73.html) analysts forecast the Energy Storage market in the US to grow at a CAGR of 18.17 percent over the period 2012-2016. One of the key factors contributing to this market growth is the benefits of using such storage in solar plants. The Energy Storage market in the US has also been witnessing an increase in Research and Development initiatives. However, the lack of awareness of energy storage technologies could pose a challenge to the growth of this market.

TechNavio's report, Energy Storage Market(http://www.researchmoz.us/energy-storage-market-in-the-us-2012-2016-report.html) in the US 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the US; it covers the Energy Storage market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space are Abengoa Solar S.A., Areva Solar Inc., GE Energy LLC, and Pratt and Whitney Rocketdyne Inc.

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Key questions answered in this report:
What will the market size be in 2016 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 each of these key vendors?

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