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 November 16, 2015 - 10:54 AM EST
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Research and Markets: Global Energy Storage Market for Microgrids 2015-2019

Research and Markets ( has announced the addition of the "Global Energy Storage Market for Microgrids 2015-2019" report to their offering.

The global energy storage market for microgrids to grow at a CAGR of 27.8% over the period 2014-2019.

Global Energy Storage Market for Microgrids 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Key Findings

  • Countries worldwide are continuously pushing for energy independence and implemention of environmentally friendly technology. Governments in many countries are supporting advanced battery development as a part of national energy policies. Countries such as Japan and South Korea are recognizing the importance of advanced battery technologies as a key component to gain market competitiveness, and are providing extensive support to the advanced battery industry.
  • According to the report, rapid industrial development, economic growth, and the need for rural electrification have encouraged policymakers to deploy microgrids and develop renewable distributed energy generation techniques. The imperative to reduce greenhouse gas emissions has created much scope for renewable installations in APAC.
  • Further, the report states that lead-acid batteries are composed of sulfuric acid and an excess amount of lead. Lead is a highly toxic metal that may cause many health hazards, especially in young children.

Key vendors

  • AES Energy Storage
  • Axion Power International
  • BYD
  • East Penn Manufacturing
  • Exide Technologies
  • LG Chem
  • NGK Insulators
  • SAFT
  • Samsung SDI

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Energy Storage

Source: Business Wire (November 16, 2015 - 10:54 AM EST)

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