Technology

Grid Connected Battery Energy Storage Market Accrues Phenomenally by 2027 with a Staggering CAGR | NGK Insulators Ltd, BYD Company, NEC Corporation, Samsung SDI Co., LG Electronics Inc.

Grid Connected Battery Energy Storage Market : Revenue, Size & Growth And Quick Introduction

An electrical grid is a network, which delivers electricity for electricity production plant to consumer. The battery storage provides flexibility for end user application such as solar power and wind power. The grid storage is classified as either front of the meter (FOM) storage and behind the meter (BTM) storage. The front of the meter is for community energy storage, utility application, and others and behind the meter storage is for both residential and commercial application. Global grid connected battery storage market generated revenue of US$ 996.8 million in 2017 and is expected to reach US$ 4,242.4 million by 2025. The market is expected to exhibit a CAGR of 20.0% in the forecast period. Increasing demand for renewable energy is one of the major driving factors for growth of the market, use of renewable energy increased the need for battery storage systems in the power grids. According to International Renewable Energy Agency, in 2015, the global renewable energy production was 5.5 million Giga watt hour up from 5.3 million Giga watt hour in 2014. Hence, this increasing production of renewable energy has accelerated growth of the market, globally.

Press Release: Grid Connected Battery Energy Storage

No Of Pages: 137 Pages

Expected Value Till Forecast: CAGR of 20.0% in the forecast period (2018-2025) 

Request For PDF Brochure: https://www.coherentmarketinsights.com/insight/request-pdf/1961

Global Grid Connected Battery Energy Storage Market Forecast till 2027 research includes reliable economic, international, and country-level forecasts and analysis. It offers a holistic view of the competitive market and thorough analyses of the supply chain to help companies identify closely significant trends in the company practices seen in the sector.

Major Companies listed in this Reports are :- NGK Insulators Ltd, BYD Company, NEC Corporation, Samsung SDI Co., LG Electronics Inc., Xtreme Power, Saft Groupe S.A., AES Energy Storage, Alevo, Delco, Altair Nanotechnologies Inc., EnerDel, GNB Corporation, Ecoult, and Powertree Services Inc

Buy This Premium Report: https://www.coherentmarketinsights.com/insight/buy-now/1961

Grid Connected Battery Energy Storage Market Taxonomy:

Global Grid Connected Battery Energy Storage Market, By Battery Type:

  • Lithium-Ion Battery
  • Lead Acid Battery
  • Others 

Global Grid Connected Battery Energy Storage Market, By End Users:

  • Residential
  • Industrial
  • Utilities
  • Others

Discount Before Purchase: https://www.coherentmarketinsights.com/insight/request-discount/1961

At the end, Grid Connected Battery Energy Storage Market reports deliver insight and expert analysis into key consumer trends and behaviour in marketplace, in addition to an overview of the market data and key brands. Grid Connected Battery Energy Storage Market reports provides all data with easily digestible information to guide every businessman’s future innovation and move business forward.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Our Related Reports:

AIops Platform

Commercial or Corporate Card

Back to top button