Market Report on Global Advanced Energy Storage Systems

Market Report on Global Advanced Energy Storage Systems

Bharat Book Bureau provides the report, on “ Market Report on Global Advanced Energy Storage Systems ".Research analyst predicts the global advanced energy storage systems market to grow steadily at a CAGR of close to 14% during the forecast period. https://www.bharatbook.com/alternative-renewable-market-research-reports-739312/advanced-energy-storage-systems-global.html

16th Jan2016 Mumbai, India: Bharatbook.com announces a report on “ Market Report on Global Advanced Energy Storage Systems ". The market is also witnessing a rising trend in the installations of wind and solar PVs, thus augmenting the demand for advanced energy storage. Countries worldwide are using advanced ESS to overcome the intermittent nature of renewable energy resources.

Market outlook of the global advanced energy storage systems market

Research analyst predicts the global advanced energy storage systems market to grow steadily at a CAGR of close to 14% during the forecast period. Energy storage technology is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. The growing demand for electricity worldwide coupled with an imminent need to reduce the demand-supply gap has prompted power utilities to adopt advanced energy storage.

The market is also witnessing a rising trend in the installations of wind and solar PVs, thus augmenting the demand for advanced energy storage. Countries worldwide are using advanced ESS to overcome the intermittent nature of renewable energy resources. However, the growth of the global advanced energy storage market is curtailed by several challenges such as cost competitiveness as these systems are expensive as compared to conventional systems.

End-user segmentation and analysis of the global advanced energy storage market

• Thermal energy storage

• Batteries

• Compressed air storage

• Molten salt

• Flywheels

The thermal energy storage...