DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cptxt5/global_gridscale) has announced the addition of the "Global Grid-scale Energy Storage Market & Forecasts Report, 2016" report to their offering.
One of the major drivers is the increasing need to reduce power blackouts. The increasing incidence of power blackouts is one of the major issues faced by various power end-users across the globe, a major solution for which is the adoption of energy storage technologies in the power grid. Storage of power in the power grid enables power utilities to provide the storage power as backup during power blackouts; this will in turn increase reliability of the power grid.
Various countries across the globe are investing in the Clean Energy sector. For instance, as part of the expansion in the Clean Energy sector, China has entered into a clean energy agreement through the US-China Energy Cooperation Program. The main purpose of the Energy Cooperation Program is to promote the clean energy technology of the US in China, thus generating business opportunities for companies in both countries. This increased investment in the Clean Energy sector is one of the major driving factors for the growth of the Global Grid-scale Energy Storage market. This is because grid-scale energy storage assists clean technology by reducing the power loss and by enabling the maximum and best utilization of the power grid. This one of the major trends observed in the Global Grid-scale Energy Storage market.
Further, the report states that one of the major challenges in this market is the reluctance of power utilities to upgrade systems in power grids. The installation and usage of various grid-scale energy storage technologies results in increased costs for the power utilities. As a result, various power utilities are reluctant to upgrade their power grids if the previously-installed systems are not damaged. This reluctance makes it difficult for the market to grow at a fast pace in the future.
The key vendors dominating this market space are:
- A123 Systems LLC
- ABB Group
- Beacon Power LLC
- Build Your Dream Co. Ltd.
- GE Energy LLC
- Panasonic Corp.
- S&C Electric Co. Inc.
- Schneider Electric SA
- Siemens AG
- Toshiba International Corp. Pty Ltd.
- VYCON Inc.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Enabling Application
08. Market Segmentation by Technology
09. Geographical Segmentation
10. Key Leading Countries in Asia
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/cptxt5/global_gridscale