APAC Countries Moving towards Power Decentralization by Adopting Grid Scale Energy Storage Systems: TechNavio

LONDON--()--The Grid Scale Energy Storage System Market in the APAC region is expected to grow at a CAGR of 37.4 percent from 2014-2019, thanks to growing demand for decentralized power generation.

Leading countries in the APAC region, including China, Japan, South Korea and India are also investing in the clean energy sector, which will further propel market growth during the forecast period.

About the Report

“The long cycle of construction required for fossil fuel plants has increased the need for the adoption of energy storage systems and decentralized energy resources,” says Faisal Ghaus, Vice President of TechNavio.

Huge loss of electricity during transmission, a major drawback of centralized power plants, is a key reason behind the growing advocacy for the decentralization of power.

“Decentralized power generation can be effectively achieved by engaging with the Grid Scale Energy Storage System Market, to improve power generation methods, storage, and load management,” says Ghaus.

The APAC market is also witnessing rising investments in batteries and other advanced technologies, which will further fuel the Grid Scale Energy Storage Market through 2019.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Need to Reduce Power Blackouts
    • For a full detailed list, view our report.
  • Market Challenges:
    • Inability of Power Utilities to Upgrade Power Grid Systems
    • For a full detailed list, view our report.
  • Market Trends:
    • Growing Demand for Decentralized Power Generation
    • For a full detailed list, view our report.
  • Key Vendors:
    • MWH Global Inc.
    • NGK Insulators Ltd.
    • SustainX
    • The AES Corp.
    • ZBB Energy Corp.
  • Other Prominent Vendors:
    • ABB
    • Alstom
    • Eos Energy Storage
    • S&C Electric Company

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on Smart Grids:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

The Grid Scale Energy Storage System Market in the APAC region is expected to grow at a CAGR of 37.4 percent from 2014-2019, thanks to growing demand for decentralized power generation.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com