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Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021

  • Published Date: 11/17/2018
  • 83 Pages
  • Category: Energy
  • Format: Email PDF + Excel
  • Language: ENG

Energy storage system plays an important role during renewal energy consolidation with the main grid for renewable energy grid integration. The excess energy generated from the renewable sources during daytime (as in the case of solar energy) is stored in energy storage units and the demand will be high or will be returned to the grid during frequency variation.

The major problem associated with renewable energy integration is the energy imbalance created due to the intermittent nature of the renewable, which makes the grid unstable. Energy storage systems are used to address this concern and facilitate grid flexibility.

Frank n Raf’s analysts forecast the global energy storage market for renewable energy grid integration to grow at a CAGR of 32.88% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global energy storage market for renewable energy grid integration for 2017-2021. To calculate the market size, the report considers the new installations market and excludes aftermarket.

The market is split into the following segments based on geography:

• Americas

• APAC

• EMEA

Frank n Raf’s report, Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the market scenario and the potential for future growth. The report also includes a discussion of vendors that run in this market.

Key vendors

• ABB

• East Penn Manufacturing

• LG Chem

• Robert Bosch

• The AES

Other prominent vendors

• Alevo Group

• Beacon Power

• BYD

• Exide Technologies

• GENERAL ELECTRIC

• Green Charge Networks

• Highview Power Storage

• NEC ENERGY SOLUTIONS

• NRG Energy

• Renewable Energy Systems

• SAMSUNG SDI

• Siemens

• Tesla

Market driver

• Increase the use of renewable sources

• For a complete, detailed list, see our report

Market challenge

• V2G service for renewable energy consolidation

• For a complete, detailed list, see our report

Market trend

• Progress in energy harvesting technology

• For a complete, detailed list, see our report

Key questions answered in this report

• What would be the size of the market in 2021 and what is the growth rate?

What are the major market trends?

What's going on in this market?

• What are the challenges of the growth market?

• Who are the leading vendors of this market?