“Grid-Scale Battery Storage Technologies market worth $2,130 million in 2019” says Visiongain report as the increase in use of renewable energy such as solar and wind because this technology requires storage facilities for any excess electricity generated while operational
06 June 2019
Visiongain’s new report Grid-Scale Battery Storage Technologies Market Report: Capex Forecasts for Lithium-ion (Li-Poly, LFP, LTO), Flow (VRFB, Li-Air, Zn-Air, Zn-Br, PSB), Sodium-Based (Na-S, Na-NiCl), Advanced Lead Acid and Other Batteries (Li-Air, Mg-Ion, Ni-Zn, Ni-Fe, Ni-Cd), Energy Storage Technologies (EST) for Electricity Transmission & Distribution (T&D) Grids to Optimise Off-Grid Storage of Renewable Wind, Concentrated Solar Power (CSP) & Photo-Voltaic (PV) Energy indicates that the global market will see $2,130 million in spending in 2019.
The lead analyst of the report said: "The demand of grid-scale battery storage technologies is expected to increase in the coming years owing to the increase energy prices, rising demand of renewable energy integration, and growth of the electric vehicle market. There is increasing renewable energy and electric vehicles in the USA, China, Japan, etc., which is expected to drive the demand for grid-scale battery technologies. The USA dominates the grid scale battery storage technologies market, owing to the high investment in smart grid improvements, the presence of large electric vehicle manufacturers, and high investment in renewable energy."
The 190+ page report contains 100+ tables, charts, and graphs that add visual analysis in order to explain developing trends within the military grid-scale battery storage technologies market. Visiongain provides sales revenue forecasts for the period 2019-2029 for the various submarkets. The report offers market forecast and analysis for 4 leading technologies and 12 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more 10 companies leading in the field of grid-scale battery storage technologies market.
The Grid-Scale Battery Storage Technologies Market Forecast 2019-2029 report will be of value to anyone who wants to better understand the grid-scale battery storage technologies market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the grid-scale battery storage technologies industry.
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