Dublin, Oct. 8, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/llvqgl/market_forecast) has announced the addition of the "Market Forecast of Global Energy Storage System (Forecasts to 2020)" report to their offering.
ESSs are devices to store electricity across the entire process from power generation to consumption (power plant-power transmission-substation-power distribution-consumer). Pumped storage power plants or UPSs (uninterruptible power supply systems) are the most typical ESSs. The ESS applications market is composed of total 19 areas, including the above.
This report is dedicated to examining when and where demand for ESSs occurs and how big it is. The existing application markets are expected to continue to grow steadily, but the growth rate will be very low. It will be new application markets that boost the ESS market in the future. Especially, the TOU (Time of Use) Cost Management market will rapidly grow with the development of ESS technologies, although it is forming a very small part now.
There are numerous factors affecting the growth of the ESS market. This report examines these factors. Except for a few applications such as pumped storage power plants, and UPSs, most are in the demonstration stage. Thus, a lot of attention is focused on the future growth of the ESS market. The potential for the ESS market is large enough, with DOE expecting over $200 billion market. The question is, how large the market actually will turn out to be for this market.
Considering various countries of the world are actively conducting ESS projects, the ESS market will began to grow in earnest around 2015.
This report provides analysis of the energy storage systems industry based ion division into five markets and 4 characteristics. This is expected to provide a basis to comprehend the actual ESS market.
The strong points of this report are as follows.
- ESS market forecast by application
- Analysis of factors for the ESS market
- Analysis of major power consumers
Key Topics Covered:
2. Electric power industries worldwide
3. Power Quality
4. ESS policies in different countries
5. ESS Market
- Boston Consulting Group (BCG)
- Sandia National Laboratory (SNL)
For more information visit http://www.researchandmarkets.com/research/llvqgl/market_forecast
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Source:Research and Markets