Energy Storage Industry to Move Ahead Despite Setbacks

GlobalData’s report Energy Storage Industry to Move Ahead despite Setbacks provides an analysis on the various factors that will drive the market for energy storage despite some setbacks. The energy storage industry is expected to witness significant growth in the coming years. Some of the energy storage technologies gaining prominence recently are Super Conducting Magnetic Energy Storage (SMES), flywheels, and batteries like NaS battery (Sodium Sulphur Battery), Zn-Br battery, Vanadium redox battery, and Lithium ion batteries.

There has been a rise in the integration of renewable resources in recent years, due to which the demand for energy storage technologies is increasing to deal with the intermittency and stability problems related to these sources. The energy storage industry has faced few setbacks, such as the bankruptcies of Beacon Power bankruptcy and Ener1, and these have generated concerns regarding the potential of energy storage industry. But, investor confidence is set to be strengthened again as a number of factors point to the growth of the energy storage industry.


Market trend for companies providing equipments to global energy storage industry
Impact of integration of renewable resources on the global energy storage industry
Importance of energy storage systems for demand response market
Government fundings and policies for promotion of energy storage systems

Reasons to buy

Identify key growth and investment opportunities for energy storage systems in smart grid sector
Gain insight on the global energy storage systems market development trends
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Facilitate decision-making based on insights on energy storage industry developments across the globe

Key Topics Covered:

Energy Storage Industry to Move Ahead Despite Setbacks
High Integration of Renewable Resources will Drive the Growth of the Energy Storage Industry
Need to Manage Peak Hour Demand Will Boost the Market for Energy Storage Technology
Government Funding and Policies will Promote the Adoption of Energy Storage Technologies
Industry Players Optimistic despite Setbacks