DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/67v6xk/global) has announced the addition of the "Global Residential Solar Energy Storage Market 2015-2019" report to their offering.
The global residential solar energy storage market to grow at a CAGR of 67.6% during the period 2014-2019.
Global Residential Solar Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global residential solar energy storage market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Governments in MEA have set strong regulatory frameworks to promote renewable power. Policy deployment and target setting are ongoing phenomena in the region. The success of large-scale deployment of renewable energy installations in MEA can be attributed to the robust regulatory framework prevalent across all countries, which includes policies such as renewable energy targets, renewable energy plans, tradable renewable energy, capital subsidy, and energy production payment. We expect the stringent regulatory framework to play an important role in boosting the growth of renewable energy in MEA.
According to the report, the availability of PV inverters that are integrated with energy storage devices is another factor driving market growth. These inverters help in efficient load management among industries in the renewable energy sector by ensuring a continuous power supply in the grid and minimal interruptions. Also, they increase the reliability of the power grid. Thus, through such integrations, PV inverters have come a long way from being just a simple inverter to being capable of performing important tasks such as connecting the solar grid to the smart grid and enabling power storage.
Further, the report states that we note that the electricity generation industry currently offers guidelines but does not enforce standards in terms of dealing with PV systems. Technavio suggests that the North American Board of Certified Energy Practitioners' certification process would likely boost quality, reduce accidents, improve guidelines, and bring down the costs and insurance premiums for solar PV installations.
Key vendors
- BYD
- C&D Technologies
- Exide Technologies
- GS Yuasa
- LG Chem
- Panasonic
- Samsung SDI
- VARTA Microbattery
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by battery technology
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/67v6xk/global
