ResearchBeam has added a report, titled, Global Battery Energy Storage Systems for Smart Grid 2016-2020. As per the report, the global battery energy storage systems for smart grid is expected to register a CAGR of 72.91% from 2016 to 2020. The study offers an extensive analysis of drivers & opportunities, detailed segmentation, key vendors offerings, and competitive landscape. Analysts have considered revenue generated from the total consumption of battery energy storage systems for smart grid worldwide. This information is a valuable source of guidance for industry players, stakeholders, and investors to plan strategies for the future.
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The report offers a brief overview along with highlights of the market to outline current market scenario. Top vendor offerings are mentioned in the study in a tabular format to provide insights on product portfolio of leading vendors. In addition, types of batteries used for energy storage and characteristics of different batteries are offered with the help of tables. Research methodology is presented in the study to provide information on sources of data and statistics. Primary research and secondary research supported by quantitative and qualitative analysis are used for collection of information. A detailed study of economic indicators that will impact the current market conditions and future scenario is provided. Investments in smart grid are mentioned for the period, 20092015 using a tabular representation.
Technological overview and Porters Five Forces Model are discussed in the research to outline the market landscape. Detailed segmentation is offered based on type and geography along with industry scenario of each segment in 2015 and 2020. Insights on market conditions for Li-ion, lead-acid, and sodium-sulfur batteries are offered for the period, 20152020 with the help of tables. Regions analyzed in the research are Americas, Asia-Pacific, and EMEA. Tables offer detailed information on market size of each region for the aforementioned period.
Comprehensive information on drivers, challenges, and trends is helpful for gaining understanding of factors that will fuel business growth. Rapid progress in smart grid technologies, increasing usage of renewable sources, and rise in power consumption are factors driving the market. A table offers a list of drivers and their impact on the industry. In addition, the study outlines trends such as grid modernization, technological advancements, entry of new market players, and increased investments in energy storage that shape the industry.
Vendor landscape of the global battery energy storage systems for smart grid is offered to outline competitive intensity. Smart grid storage technologies play a crucial role in reducing loss of electricity during the transmission and distribution. Development of such new technologies to improve efficiency of smart grids will help market players in consolidating their position in the global market. In addition, focus on reducing installation costs of smart grids and recycling effects of lead acid batteries would benefit vendors in the future. Detailed analysis of opportunities is provided in the report to help market players to strengthen position worldwide. Key vendors analyzed in the report are Siemens, ABB, Samsung SDI, GE-Alstom, A123, Bosch, BYD, and others.
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