Energy and Power

Global Grid-scale Energy Storage System Market 2015-2019

  • TEC150041
  • 74 Pages
  • November 2014
  • Energy and Power
About Grid-scale Energy Storage System
Grid-scale energy storage system generally refers to the technologies that are being used for the purpose of energy storage, and this energy can be utilized in the future during power shortages, blackouts, or during high demand for power supply. This system mainly includes pumped hydro storage systems, advanced batteries, flywheel, and other evolving technologies such as compressed air energy storage (CAES). Grid energy storage is a technique used in the large-scale storage of electricity in a power grid. Such electricity storage is required when the amount of electricity generated is greater than the electricity demand. The surplus electricity saved in energy storage systems is supplied to customers when the demand is higher than the generation. Grid storage is a mechanism of storing electricity during the off-peak period and supplying the stored electricity during the on-peak period.
TechNavios analysts forecast the Global Grid-scale Energy Storage System market to grow at a CAGR of 35.5 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Grid-scale Energy Storage System market for the period 2015-2019. The report includes the segmentation of the market based on the type of grid-scale energy storage technology used.
TechNavio's report, the Global Grid-scale Energy Storage System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
Key Vendors
ABB
GE Energy
Panasonic
Toshiba International
Other Prominent Vendors

Aquion Energy
AES Energy Storage
S&C Electric
Seeo
VYCON
Market Driver
Need to Reduce Power Blackouts
For a full, detailed list, view our report
Market Challenge
Inability of Power Utilities to Upgrade Systems in Power Grid
For a full, detailed list, view our report
Market Trend
Growing Demand for Decentralized Power Generation
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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