Industry Background:
Smart grind storage technology is an electricity network that allows for a 2 way flow of electricity and data with the help of communication, automation, IT systems and other digital communications technologies. Demand for Smaller, Lighter Batteries is large and growing rapidly. Rapidly developing low-carbon energy technologies. Research & development coupled with increasing investments are likely to result in enhanced performance, a lifetime of the product, and reduction in overall costs.
The Global Smart Grid Storage Technology market presents a comprehensive analysis of the Smart Grid Storage Technology market by product type (Hardware and Software), by end-user/application (Industrial, Government, Commercial and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Highview Power Storage (United Kingdom), Xtreme Power (United States), Altairnano (United States), Samsung SDI Energy (South Korea), ABB Ltd (Switzerland), PolyPlus Battery Company (United States), Sumitomo (Japan), Amber Kinetics (United States), GE Energy Storage (United States), Beacon Power (United States) and Ice Energy (United States).
Attributes | Details |
---|
Study Period | 2017-2026 |
Base Year | 2020 |
Forecast Period | 2022-2026 |
Historical Period | 2017-2020 |
Unit | Value (USD Million) |
Key Companies Profiled | Highview Power Storage (United Kingdom), Xtreme Power (United States), Altairnano (United States), Samsung SDI Energy (South Korea), ABB Ltd (Switzerland), PolyPlus Battery Company (United States), Sumitomo (Japan), Amber Kinetics (United States), GE Energy Storage (United States), Beacon Power (United States) and Ice Energy (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand for Electric Vehicle in consumer and Increasing Awareness of Smart Grid Storage
Market Growth Drivers:
Demand for Smaller, Lighter Batteries is large and Growing Rapidly and Rapidly developing low-carbon energy technologies
Challenges:
Lack of Common Codes and Standards
Restraints:
The Requirement of High Capital Investments and Hazardous Environmental Impact
Opportunities:
High Adoption due to Grid Expansion and Investment in the Modern Infrastructure and Increasing investments are likely to result in enhanced performance, a lifetime of the product, and reduction in overall costs
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Smart Grid Storage Technology industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)