DUBLIN, Oct. 27, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Smart Grid Storage Technologies Market 2014-2018" report to their offering.
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.
The analysts forecast the Global Smart Grid Storage Technologies market to grow at a CAGR of 38 percent over the period 2013-2018.
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.
The report, the 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.
One major trend emerging in the market is the increasing integration of renewable power in addressing climate change and improving energy security, which has led to industry growth in recent years. The high adoption rate of renewable energy has increased the need for a storage system that provides backup during periods of intermittency or outage.
According to the report, growing power consumption is one of the major drivers for the Global Smart Grid Storage Technologies market. Increasing power consumption has caused power outages in many countries. The use of smart grid storage technologies can help reduce losses and improve the efficiency of the power plants.
Further, the report states that one of the major challenges that confront the market is the high cost of installation as it requires huge initial investment as the storage device cost is dependent on the size of the power plant and the size of renewable power plants. Growing renewable integration with the smart grid system results in the high cost of the smart grid system
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Technology
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Beacon Power
- Ice Energy
- Xtreme Power
- ABB Ltd
- Amber Kinetics
- GE Energy Storage
- Highview Power Storage
- PolyPlus Battery Company
- Samsung SDI Energy
For more information visit http://www.researchandmarkets.com/research/tk22v3/global_smart_grid
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SOURCE Research and Markets