September 21, 2018 - 5:10 AM EDT
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Global Energy Storage Systems Markets (2018-2024) Featuring ABB, Siemens, Panasonic, LG Chem, Samsung SDI, General Electric, Hitachi, Tesla, and more - ResearchAndMarkets.com

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The "Energy Storage Systems Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global energy storage systems market to grow with a CAGR of 5.5% over the forecast period of 2018-2024.

The adoption of renewable energy across the world is growing very rapidly that is driving the energy storage system market worldwide. The rising consumer's interest towards the use of on-demand energy source is likely to boosts the growth of the energy storage system market. In addition, use of the software's to manage the energy storage system is expected to contribute to the growth of the energy storage system market.
However, the initial high set-up cost of energy storage system is expected to hamper the growth of the energy storage system. Moreover, rising adoption of energy storage system across various industries is expected to create several opportunities for the energy storage system market in the upcoming market.

Asia Pacific is the largest and fastest growing region in the energy storage system market owing to increased use of renewable energy sources such as solar energy and wind energy. Also, government regulation and incentives to use renewable source of energy and increased the sales of electric vehicles in this region to facilitate growth in the Asia Pacific region. Moreover, China accounts for the major market share in term of production of batteries that is likely to drive the growth of the energy storage system market in this region.

Companies Profiled

  • ABB
  • Siemens
  • Panasonic
  • LG Chem
  • Samsung SDI
  • General Electric
  • Hitachi
  • Tesla
  • General Electric Company
  • Maxwell Technologies, Inc.
  • NEC Corporation
  • and more...

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Energy Storage Systems Market Overview

4. Energy Storage Systems Market Macro Indicator Analysis

5. Global Energy Storage Systems Market by Technology

6. Global Energy Storage Systems Market by End-User

7. Global Energy Storage Systems Market by Region 2018-2024

8. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/l5k8vj/global_energy?w=4

ResearchAndMarkets.com
Laura Wood, Senior Manager
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Related Topics: Energy Storage


Source: Business Wire (September 21, 2018 - 5:10 AM EDT)

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