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Energy Storage Technologies Market Trends 2014 - 2020

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In a new report, titled “Energy Storage Technologies Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020,” Transparency Market Research presents insights into the various factors driving and restraining
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REPORT DESCRIPTION
In a new report, titled “Energy Storage Technologies Market - Global Industry Analysis, Size, Share,
Trends, Analysis, Growth and Forecast 2014 – 2020,” Transparency Market Research presents insights into the
various factors driving and restraining the global market for energy storage technologies. This is a
comprehensive report intended to provide a holistic overview of the market to the stakeholders and help them
gauge the opportunities prevalent in the market.
Complete Energy Storage Technologies Market Report with TOC :
http://www.transparencymarketresearch.com/energy-storage-technologies-market.html
Energy storage refers to the process of converting energy from conventional sources to a form that can be stored
easily and be converted to its original form upon requirement. This process allows users to store energy during times
of low demand, when it is priced at its lowest, to be used during high-demand periods. Rapid urbanization around
the world has led to a significant rise in demand for energy, which subsequently is driving the global energy storage
technologies market. Additionally, the growing need for developing low-carbon energy technologies, aimed at
reducing the carbon footprint globally, will also propel the global energy storage technologies market.
Globally, the need for reliability and resiliency of the grid alongside the integration of renewable energy sources has
increased at a significant pace, which in turn is poised to accelerate the growth of the global market for energy
storage technologies. Furthermore, efficient energy storage technologies aid in the de-carbonization of the energy
sector by ensuring a better connection between the electricity and heat networks. Moreover, these technologies also
enable better access to energy and help in improving the efficiency of energy resources, which subsequently reflects
as increased demand for energy storage technologies. This is also anticipated to contribute to the goal of designing
secure and sustainable energy systems.
The global market for energy storage technologies can be broadly classified on the basis of technology and
geography. Based on technology, the report segments the global energy storage technologies market into thermal
energy storage, pumped hydro-power, flywheels, compressed air energy storage, and solid state batteries.
The rising demand for energy, coupled with an increasing need for low-carbon technologies, is primarily driving the
global market for energy storage technologies. These technologies are designed keeping in mind the objective of
reducing the demand and supply imbalance of energy. Additionally, energy storage technologies also help in
optimizing global energy storage systems. Energy storage systems boast applications across electricity grids,
dedicated heating and cooling networks, and in off-grid applications. However, even the most competitive energy
storage technologies witness difficult market conditions and stringent regulations that may restrain their deployment
to an extent. Nevertheless, the increasing investment in research and development in this industry is likely to create
ample opportunities for the enterprises operating in the energy storage technologies market to capitalize on in the
near future.
For the purpose of the study, the report also profiles some of the enterprises operating in the market such as
General Electric, Alstom, Convergent Energy + Power, ABB Ltd., Hawaiian Electric Company, Inc., and others.
About Us
Transparency Market Research (TMR) is a market intelligence company providing global business research
reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insights for thousands of decision-makers.
TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with
various tools and techniques to gather and analyze information. Our business offerings represent the latest
and the most reliable information which is indispensable for businesses to sustain their competitive edge.
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Complete Energy Storage Technologies Market Report with TOC :
http://www.transparencymarketresearch.com/energy-storage-technologies-market.html
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