Published on : Sep 02, 2016
ALBANY, New York, September 02, 2016: ResearchMoz.us has announced the addition of a new report, titled “Grid Connected Battery Energy Storage System - Market Size, Competitive Landscape, Key Country Analysis and Forecasts to 2020”. This study comprises the growth prospects and the current scenario of the market for grid connected battery energy storage systems. It also presents the prime technological developments taking place in the market and their impact on the development of this market. The market has been studied for the historical period 2006 to 2015 and for the forecast period 2016 to 2020.
The competitive landscape section of the study presents the prominent players with their respective shares in this market. The main energy storage technologies utilized in the market have also been discussed in detail in the report. The report aids emerging players in identifying the prime business development avenues and design their strategies accordingly in order to excel in the market.
The report starts by providing an introduction to energy storage systems. This section encapsulates the various types of energy storage technologies and analyzes them on the basis of their cost and maturity level. Furthermore, energy storage systems are analyzed in terms of their application including generation-side applications, end-user applications, and grid-side applications.
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A number of businesses and consumers are utilizing a great amount of electricity each year in a number of application areas. Energy sources such as solar and wind have immensely helped in meeting the growing demand for electricity globally. However, solar and wind energy isn’t always readily available and is dependent on the climatic conditions. This results in the problem of energy demand and supply faced by a number of grid operators globally. To overcome this problem, grid-connected battery energy storage systems are being utilized. These systems are utilized by grid operators for saving electricity for future utilization. Battery storage has made it possible for utilities and generators in properly managing both the demand and supply of energy.
Grid-connected battery energy storage systems comprise a two-way power converter, a real-time control software, and a battery. The two-way power converter connects the alternating current (AC) grid to the direct current (DC) battery, while the real-time control software helps balance power flows and frequency in these systems. These systems have been quite beneficial in times when there is an increased demand for electricity resources. They also aid everyday consumers in better management of energy and helps them in buying energy when it is available at better prices. All these benefits related to grid-connected battery energy storage systems will fuel the growth of the overall market.
In the following section of the study, the growth of the battery energy storage system market has been studied in Europe, the Middle East, and Africa, the Americas, and Asia Pacific. On the basis of country, the report segments the market into the U.S., Germany, Chile, Italy, France, the UK, China, India, South Korea, Japan, and Australia. In these countries, the key market players, prime technologies, and leading application areas of grid-connected battery energy storage systems are presented in detail in this study.
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