SOURCE: MarketResearch.com

MarketResearch.com

October 05, 2010 10:08 ET

Smart Grid Energy Storage Market to Grow 39.7% Annually Through 2013

ROCKVILLE, MD--(Marketwire - October 5, 2010) -  MarketResearch.com has announced the addition of Infiniti Research Limited's new report "Global Smart Grid Energy Storage Market 2009-2013" to their collection of Utilities market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2807595

"Global Smart Grid Energy Storage Market 2009-2013" forecasts the smart grid energy storage market to grow at a CAGR of 39.7 percent, with EMEA region witnessing the highest growth rate.

The major growth drivers include:

  • Energy storage systems in smart grids have now been implemented to improve transmission capacity, which is likely to find more political acceptance and which in turn will lead to their widespread adoption
  • Lack of flexibility of nuclear and coal power generation is also driving the Smart Grid Energy Storage market
  • Increasing renewable energy penetration in the electrical grid (smart grid) has been a major factor for growing energy storage system demand

However, the market is facing some challenges which can inhibit the growth. For example energy storage technologies have regulatory challenges during the implementation in smart grid. The market has also very limited credit or finance availability, which has been affecting the capital investments and R&D spending in this industry.

The report covers:

  • Market size and forecast
  • Geographic segmentation
  • Trends for the smart grid energy storage market
  • Drivers for the smart grid energy storage market 
  • Challenges for the smart grid energy storage market 
  • Vendors

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2807595

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