European Energy Storage Systems Market to Post 14.5% CAGR to 2023, Forecasts 6Wresearch in Its In-Demand Study Available at MarketPublishers.com
07 Jul 2017 • by Natalie Aster
LONDON – The energy storage systems market in Europe is anticipated to witness growth at a 14.5% CAGR between 2017 and 2023. Still, in most of countries of the European region the energy storage systems market is currently in its nascent phase of development given lack of common policy regulations resulting in uncertainties amid companies and investors to make investments in R&D and technologic development.
Power utilities form the largest application sector for energy storage systems, as large-scale storage systems require high initial investments, and these have better access to energy infrastructure. Meantime, energy storage systems also gain popularity in residential sector in such European countries as Italy, the UK and Germany; this is primarily attributed to favourable government subsidy on installation of residential solar plus storage systems.
The new in-demand research report “Europe Energy Storage Systems Market (2017–2023):Market Forecast By Technology, Applications and Countries” elaborated by 6Wresearch offers a comprehensive unbiased analysis of the energy storage systems market landscape in the European region. It covers the market historical background and current scenario, scrutinizes the market dynamics, identifies and examines the key factors influencing the market development and growth, and also points out the major growth threats and opportunities. moreover, this publication contains relevant info on the regulative framework, competitive landscape, leading companies, the recent industry developments and prevailing trends. Additionally, the report investigates the present situation across the key country markets in the region and also gives an all-round future outlook for the European energy storage systems market through 2023.
A full collection of the publisher’s research reports is provided at the 6Wresearch page at MarketPublishers.com.