Grid Battery Energy Storage Technologies Market Set to Gain Traction, Says I&R in Its Latest Report Now Available at MarketPublishers.com31 May 2016 • by Natalie Aster
LONDON – Nowadays, the grid energy battery storage (GEBS) technologies market is gaining traction worldwide driven by commercial deployments of novel electro-chemical technologies along with increasing application of several technologies for industrial and residential uses. Supported by advantages the GEBS technologies provide over the other technologies (e.g. CAES and PHS) like flexibility of use, ease of deployment and also the precision and quality of services they can offer to grid operators as well as the lack of geographical constraints, the world GEBS technologies market will continue growing in the years to come.
The adoption of GEBS technologies is expected to be further encouraged by ageing electrical grids, evolving regulatory environment, certain utility financial constraints together with development of renewable intermittent energy sources. Along with declining production costs of grid scale battery technologies such countries as China, Germany, the US and Japan are expected to see increased GEBS technologies deployment in the near future.
New research report “I&R - The Grid Battery Energy Storage Technologies Market Report 2016” prepared by Investment & Research (I&R) offers a comprehensive analysis of current scenario in the world grid battery energy storage (GEBS) technologies market, explores the historical market evolution and provides a granular review of future possible trends up to 2026. Moreover, analyses and forecasts for 12 major geographical markets are available here. Data on regulative policies, competitive landscape, market dynamics, segmentation and the key factors influencing the market development are provided in this report.
More reports drawn up by this publisher are available at Investment & Research (I&R) page.