Energy Storage Systems Market - North America is estimated to expand at a CAGR of 4.0% over the forecast period

-
The global energy storage systems market demand is expected to reach a total capacity of 210,803 MW By 2026, according to a new report by Grand View Research, Inc. Growing demand for efficient and competitive energy resources over the last decade has primarily driven the market. It is estimated to register a CAGR of 2.3% from 2018 to 2026.
Rising consumer awareness regarding efficient energy consumption coupled with demand for smart homes with effective load management is expected to play a major role in the development of energy storage system market. Ascending demand by electric utilities, on account of need for distributed energy integration with the main grid, is likely to fuel the growth over the forecast period.
Hybrid systems including start-stop systems, hybrid vehicles, and e-bikes are expected to present the strongest growth opportunity for lithium-ion battery manufacturers. Companies such as AES, GE Renewable, and Altairnano are investing huge capital in R&D of new technologies within the battery storage segment.
Pumped Hydro Storage (PHS) systems is expected to remain a dominant segment by 2026 due to ongoing investments to enhancing on-grid capacity and upgrading energy infrastructure in North America and Asia Pacific. The segment accounted for over 90% of the global energy storage systems capacity in 2017.
Further key findings from the report suggest:
• Electrochemical storage capacity is projected to be the fastest growing segment with a CAGR of 12.6% from 2018 to 2026
• North America is estimated to expand at a CAGR of 4.0% over the forecast period
• Asia Pacific energy storage systems market holds the largest share globally with a cumulative capacity expected to exceed 102 GW by 2026
• Electromechanical storage capacity in Germany was estimated to be 688.2 MW in 2017 and is projected to register a CAGR of 3.9% over the forecast period

Comments

Post a Comment

Popular posts from this blog

Global Differential Thermal Analyzer Industry Sales & Share by Company, 2019 - 2024

-
The 'Global Differential Thermal Analyzer (DTA) Market Outlook 2019-2024' offers detailed coverage of differential thermal analyzer industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading differential thermal analyzer producers to provide exhaustive coverage of the market for differential thermal analyzer. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography. Download free sample copy of "Global Differential Thermal Analyzer (DTA) Market" report @  https://www.radiantinsights.com/research/global-differential-thermal-analyzer-dta-market-outlook-2019-2024/request-sample The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global differential thermal analyzer market has been segmented into five major regi
Read more

Global Incident Response System Market Key factors of long term success

-
Incident Response System market, analyzes and researches the Incident Response System development status and forecast in United States, EU, Japan, China, India and Southeast Asia.  Get free request sample copy @  https://www.radiantinsights.com/research/global-incident-response-system-market-size-status-and-forecast-2022/request-sample This report focuses on the top players in global market, like •  Amazon.com • Cisco • ESRI • Honeywell • IBM • Lockheed Martin • Rockwell Collins • Acronis • Asigra • Fujitsu • Nasuni • NetApp • DFLabs • Hexadite • FireEye • HP • Veritas Technologies • Commvault Market segment by Regions/Countries, this report covers • United States • EU • Japan • China • India • Southeast Asia Market segment by Type, Incident Response System can be split into • Geospatial Technologies • Backup and Disaster Recovery Solutions • Threat Management Systems • Surveillance Systems Market segment by Applicatio
Read more

Aerosol Market Scope, Product Estimates & Strategy And Industry Forecasts Till, 2021 to 2030: Innovation Market Research

-
The Aerosol Market has witnessed remarkable growth in recent years, and its widespread use has become an integral part of our daily lives. From personal care products to household cleaning solutions, aerosols have gained popularity due to their convenience, effectiveness, and user-friendly nature. In this article, we will explore the factors contributing to the growth of the aerosol market, the diverse applications of aerosols, and their impact on the environment and human health. Additionally, we will delve into the future prospects and innovations in this dynamic industry. Request PDF Sample -  https://www.innovationmarketresearch.com/market-reports/aerosol-market-size/request-sample The Evolution of Aerosols: Aerosols have come a long way since their introduction in the 1940s. Initially, aerosols were primarily used in the healthcare sector for inhalation therapy and disinfection purposes. However, with advancements in technology and packaging, aerosols quickly found their way into
Read more