DUBLIN--(BUSINESS WIRE)--The "Global Energy Storage Market Size, Share, Development, Growth and Demand Forecast to 2022" report has been added to Research and Markets' offering.
The global market for energy storage is expected to witness a CAGR of 46.3% during the forecast period due to the increasing number of energy storage projects and growing adoption of clean renewable sources of energy for power generation.
Additionally, the growing adoption of energy storage in various end-user industries for grid and off-grid applications have led to the growth of global energy storage market.
The key trend observed in the global energy storage market is the federal policy support for energy storage. Governments of various nations are focusing on implementing policies for supporting the growth in the energy storage market for exploiting its commercial potential.
The factors driving the growth of energy storage market are progress in renewable energy power generation, rapidly increasing grid scale energy storage market, drop in prices of lithium-ion batteries and growing application of energy storage in various end-user industries.
As of 2015, over 118 nations worldwide took the initiative of generating power through renewable energy sources and its storage in a cost-efficient manner.
The major factor hindering the growth of the global energy storage market includes unclear regulatory framework. There is an unclear regulatory framework either at the EU level or at the UK level would hinder the development of energy storage.
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Energy Storage Market Size And Forecast (2012 - 2022)
5. Global Energy Storage Market, By Geography
6. Competitive Analysis
7. Company Profiles
- Tesla Motors, Inc.
- Agl Energy Limited
- Abb Ltd.
- General Electric Company
- Johnson Controls International Plc
- The Aes Corporation
- Robert Bosch Gmbh
- Lg Chem, Ltd.
- Maxwell Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/dpm4f5/global_energy