FORT WORTH, Texas, June 17, 2015 /PRNewswire/ --
The global distributed energy storage systems market was valued at $3.98 billion in 2014, and is estimated to reach a market value of $9.09 billion by 2020, at a CAGR of 15.0% from 2015 to 2020.
Browse through the TOC of global distributed energy storage system market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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With the advancement in the field of electronics, there will be rise in the demand for power supply in order to support the equipment used in various sectors such as commercial, industrial, and residential. In order to support the constant power flow to these pieces of equipment, the electrical energy should be stored. Therefore, the distributed energy storage systems are increasingly used to store energy (in particular renewable energy) in order to resolve the issues related to the power supply in the electrical system.
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On the basis of type, the distributed energy storage system market is segmented into batteries, electrochemical capacitors, compressed air, flywheel, and others. The batteries segment is expected to account for the largest share in the distributed energy storage systems market and is expected to reach $5.78 billion by 2020 at a CAGR of 17.4% from 2015 to 2020.
In terms of geography, the distributed energy storage systems market segmented into regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
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