Global Grid-Scale Electricity Storage Technologies Market Research Report Forecast 2025 (Business Opportunities - Advertising Service)

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Global Grid-Scale Electricity Storage Technologies Market Research Report Forecast 2025

With increasing demand, increasing long-term cost of fuel and growing environmental concerns, power companies are reviewing all options. A major debate at this stage is whether to build new generation and transmission installations and the use of new Technologies to Store Electricity. Electrical energy storage has the potential to deliver a variety of benefits, including capital investment delay, energy arbitration, enhanced power quality and less environmental impact, as well as increased efficiency and cost.

For the past 20 years, the global utility-scale electricity storage (UES) market in the U.S. has been dormant. Over the last decade, annual UES market rates were relatively stable, globally, with a few new facilities in Europe and Asia. Current global trends support substantial investment in new power infrastructure. Grid-sized battery storage technologies are now being developed in conjunction with a growing renewable energy industry, after 10 years of dedicated development.

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These driving trends are - 
- Growing restrictions on greenhouse gas emissions.
- Direct and indirect support for the installation of intermittent renewable sources of power.
- Peak power/surge demand-side management and integration of smart grid systems.
- Infrastructure expansion needed to support further regional economic development.
- Grid investment deferral by utilities.

These five trends form the basis of an emerging boom in grid-scale electricity storage technology development.

Regional market breakdowns are shown here for the overall grid-scale electricity storage market but are shown in the full report in terms of market size by capital expenditure for global regions with a selection of leading national markets.

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Last Update : Jan 19, 2021 6:04 AM
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