Energy Storage Market Size, Latest Trend, Growth by Size, Application and Forecast 2024
Category: #tech  By Partha Ray  Date: 2019-09-09
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Energy Storage Market Size, Latest Trend, Growth by Size, Application and Forecast 2024

The latest Energy Storage market research added by Market Study Report, LLC, delivers a concise outline regarding the potential factors likely to drive the revenue growth of this industry. The report delivers valuable insights on market revenue, SWOT Analysis, market share, profit estimation and regional landscape of this business vertical. Moreover, the report focuses on significant growth factors and obstacles accepted by market leaders in the Energy Storage market.

Energy Storage Market is anticipated to surpass USD 4 billion by 2024. Rising regulatory focus toward limiting carbon emissions while adding new capacities of renewable generation to the grid will boost the U.S. energy storage market growth. Key states including New York, Massachusetts, Oregon and California have adopted plans to integrate large scale energy storage systems to the grid. In June 2018, the government of New York introduced state•s energy storage roadmap with a deployment target of 1,500 MW of energy storage by 2025.

Request a sample Report of Energy Storage Market at: https://www.marketstudyreport.com/request-a-sample/1294882?utm_source=ReportsGo&utm_medium=VS

Growing penetration of intermittent renewable power into the grid coupled with favorable policies and monetary support for energy storage will drive the U.S. residential energy storage market. Hawaii and California together account for a significant share of total residential energy storage across the country with fresh participation expected from Massachusetts and Arizona in the coming years. Reduction in net metering compensation along with introduction of time of use tariffs by utilities will further stimulate the industry growth.

 

The U.S. lithium ion energy storage market is set to grow on account of constantly declining technology costs primarily driven by economies of scale in manufacturing. Li-ion batteries find use across numerous applications comprising frequency regulation, residential solar storage and E-V charging stations amongst others. High energy density and appreciable coulombic efficiency are some of the primary features that will persistently fuel the product deployment over its available conventional alternatives.

 

Utility energy storage market is predicted to surpass USD 1.5 billion by 2024. Growing significance of grid stability, with the implementation of sustainability, resilience, and efficiency will positively influence the industry growth. Aging grid infrastructure and rising concerns over climate change will further fuel the business growth.

 

Growing integration of intermittent energy from renewable sources into the national grid will elevate the necessity of adoption of energy storage systems essential for grid stability, which in turn will augment the U.S. energy storage market.

 

Major companies participating actively in the U.S. energy storage industry include ABB, SolarEdge, Tesla, EDF Renewable Energy, Duke Energy, E.ON, East Penn Manufacturing, LG Chem, Johnson Controls, Invenergy, GE Power, Fluence Energy, and EnerVault amongst others.

Some of the TOC of Energy Storage Market report includes:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.2. Primary
 

Chapter 2. Executive Summary

2.1. Energy Storage industry 360 degree synopsis, 2014 - 2025 (USD Million)

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Mobility trends

2.1.4. Technology trends

2.1.5. Mode trends

2.1.6. End-use trends

2.1.7. Regional trends


Chapter 3. Energy Storage Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025 (USD Million)

3.3. Industry impact factors

3.3.1. Growth drivers

 3.4. Growth potential analysis

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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