Utility Energy Storage Market Forecast

The Energy & Natural Resources Market Reports has been published today. It provides updated in 2018 year analysis of energy & natural resources industries.

This Utility Energy Storage Market Guide report provides a comprehensive assessment of the state-of-the-art for energy storage technology and describes how the marketplace is set to evolve.

Renewable energy accounts for an increasing portion of our electricity supply; however, the fastest growing of these resources only produce electricity when the wind is blowing or the sun shining. Variability of supply is driving utilities and renewable developers to search for solutions to integrate and optimize these intermittent power sources.

This is a comprehensive guide to opportunities for electric utilities, developers and suppliers of storage technologies, and engineering firms that design and construct installations.

With new energy storage technologies, it is now possible to minimize the necessity for generation capacity that is required to supply power during peak periods. Storage also enables self-sufficient microgrids capable of powering homes, remote villages, or large commercial and industrial facilities.

This research report analyzes the various utility energy storage technologies available today and in development, and profiles the leading market players.

The energy storage industry is facing unprecedented innovation. A report by KEMA concluded that the energy storage market should quadruple over the next few years in the United States alone. And globally, the industry is positioned to grow by 10% from 2013 to a net worth of $10.8 billion as early as 2018. Most of this growth is expected from North American countries that have thus far dominated the energy storage market, but Asia Pacific and European market are following close behind and should be big contributors.

The expected cost of electric infrastructure upgrades worldwide over the next two decades is almost $14 trillion. More than 30% of this investment serves a need that could be economically met with energy storage at the right price.

The report analyzes energy storage industry market drivers, and the economics of the various technologies, along with the installation of these technologies including batteries, compressed air, flywheels, hydrogen, pumped hydroelectric storage, superconducting magnetic energy storage, thermal energy storage, ultracapacitors, vehicle-to-grid, and includes a Technology Comparison. It also includes a directory of energy storage technology organizations.