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The Energy Storage Technologies (EST) Market 2013-2023

Global EST market: $4 billion industry estimated during 2013


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2014-03-31 06:54:01 - The Energy Storage Technologies (EST) Market 2013-2023 - a new market research report on companiesandmarkets.com

The 2013 global EST market will be worth $4,033m in sales value, project CAPEX and RD&D funds. This includes the market estimates for pumped hydro storage, grid-scale battery, compressed air energy storage (CAES), thermal storage, flywheel, ultracapacitor systems and other niche EST currently at their early development stage. Energy storage technologies (EST) are becoming increasingly important for improving the efficiency of electricity grid systems.With an ever larger share of power generation coming from intermittent renewable energy sources, rising commodity prices and escalating energy peak demand in high-growth economies, EST are under the spotlight as potential game changers in the management of power transmission and distribution. At present, only some EST are commercially viable; yet, we expect the market to see

 

 

exponential growth in the next ten years, led by technological, economic and political factors already in action.Energy storage technologies are becoming increasingly important for improving the efficiency of electricity grid systems. With an ever larger share of power generation coming from intermittent renewable energy sources, rising commodity prices and escalating energy peak demand in high-growth economies, EST are under the spotlight as potential game changers in the management of power transmission and distribution. At present, only some EST are commercially viable; yet, visiongain expects the market to see exponential growth in the next ten years, led by technological, economic and political factors already in action.

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