DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wqt745/advanced_energy) has announced the addition of the "Advanced Energy Storage Systems Market - Global Forecast to 2020" report to their offering.
Advanced energy storage systems market is expected to reach a value of USD 15.95 billion by 2020, at a high CAGR of 4.4% during the forecast period.
Energy arbitrage opportunities, increasing renewable installations and growth of the electric vehicles market are propelling the growth of the energy storage systems market across the globe. Various regions, especially North America and Europe, are investing in expanding their energy storage infrastructure in order to perceive sustainable development; energy storage systems are considered to be the need of the hour in order to achieve energy security.
Growing economies such as Asia-Pacific leading the energy storage systems market as the region is moving towards renewable energy sources to cope up with the increasing energy demand. The government has taken various steps for renewable energy programs, and therefore, increasing renewable energy programs across the world would definitely support the usage of energy storage systems.
Transportation application leading the global market
The transportation application is the fastest growing segment in the global energy storage systems market. The high growth is attributed to increasing usage of electric vehicles in developing as well as developed economies across the world.
Europe & North America: Growing at a similar pace in the energy storage systems market
These regions are focusing on developing reliable and efficient grid networks. In order to achieve sustainable development, respective governments are deploying new renewable installations in the countries. This increases the demand for energy storage systems in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Advanced Energy Storage Systems Market, By Application
7 Advanced Energy Storage Systems Market, By Technology
8 Advanced Energy Storage Systems Market, By End-User
9 Advanced Energy Storage Systems Market, By Region
10 Competitive Landscape
11 Company Profiles
- A123 Systems
- Abb Limited
- Beacon Power Llc.
- Byd Company Ltd.
- Calmac Manufacturing Corp.
- China Bak Batteries, Inc.
- Exide Technologies
- GS Yuasa Corporation
- Hitachi Ltd.
- Maxwell Technologies Inc.
- NGK Insulators Ltd.
- Nippon Chemi-Con Corporation
- Samsung SDI, Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/wqt745/advanced_energy