According to the new market research report “Global Distributed Energy Storage System Market by Technology by Type (Battery, Flywheels, Compressed Air Energy Storage (CAES), Electrochemical Capacitors, and Others), by Application (Frequency Regulation, Electric Bill Management, Electric Energy Time Shift, Renewable Capacity Firming, and Others), Industrial and Others), and by Geography- Analysis & Forecast to 2020”, global distributed energy storage systems market was valued at $3.98 billion in 2014, and is estimated to reach a market value of $9.09 billion by 2020, at a CAGR of 15.0% from 2015 to 2020.
Browse through the TOC of Global Distributed Energy Storage Systems Market for an analysis of industry trends, segments & forecasts.
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Key players in this market include ABB Ltd. (Switzerland), Toshiba Corporation (Japan), LG Chem ltd. (South Korea), Samsung SDI Co., Ltd. (South Korea), Saft (France), and BYD Company Limited (China).
Therefore, the distributed energy storage systems are increasingly used to store energy (in particular renewable energy) in order to resolve the issues related to the power supply in the electrical system.
On the basis of type, the distributed energy storage system market is segmented into batteries, electrochemical capacitors, compressed air, flywheel, and others. The batteries segment is expected to account for the largest share in the distributed energy storage systems market and is expected to reach $5.78 billion by 2020 at a CAGR of 17.4% from 2015 to 2020.
In terms of geography, the distributed energy storage systems market segmented into regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
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