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Global Smart Grid Storage Technologies Market 2010-2014
Infiniti Research Limited, May 2011, Pages: 31
TechNavio analysts forecast that the Global Smart Grid Storage Technologies market will reach $ 4.6 billion in 2014. One of the key factors contributing to this market is the increased governmental funding in this area. The smart grid storage technologies market has also been witnessing increasing synergies among power electronics, ICT (Information and Communication Technology), and smart grid technologies. However, the highly fragmented nature of this market could be a challenge to growth.
Key vendors dominating this market space include Altair Nanotechnologies, Beacon Power, Ice Energy LLC, Premium Power Corporation, and Xtreme Power.
TechNavio’s report ‘Global Smart Grid Storage Technologies Market 2010-2014’ has been prepared based on an in-depth qualitative and quantitative analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA, and APAC and covers the current market status and potential growth of the global market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends will this market witness?
What are the key factors driving market growth?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
01. Executive Summary
03. Market Landscape
04. Vendor Landscape
05. Buying Criteria
06. Market Growth Drivers
07. Drivers and their Impact
08. Market Challenges
09. Market Trends
10. Key Vendor Analysis
10.1 Ice Energy
10.2 Altair Nanotechnologies
10.3 Xtreme Energy
10.4 Beacon Power Corporation
10.5 Premium Power Corporation
11. Other Reports in this Series
List of Exhibits
Exhibit 1: Global Smart Grid Storage Technologies Market 2010-2014 (US $ Billion)
Exhibit 2: Global Smart Grid Storage Technologies Market Segmentation by Geography (2010)
Increased Use of Smart Grid Technologies in Microgrids
Research conducted by Technavio reveals that the Global Smart Grid Technologies market is expected to grow at a CAGR of 37 percent. The report, which focuses on Americas, EMEA and APAC, indicates that the market is currently driven by the growing usage of smart grid technologies in a number of microgrids.
“Smart Grid Storage systems are increasingly being used in the Microgrids. With the introduction of dynamic energy pricing customers prefer being charged during off-peak hours and hence there is a requirement of Microgrid energy storage devices which work similar to Smart Grid Storage devices; however at a community level. Small industrial customers and residential customers have been adopting such Microgrids and thus there has been an increase in the installation of energy storage devices too,” reports Technavio analyst.
In spite of the need, the lack of standardized regulations, hinders the growth of this market. However, the increased government funding on the renewable energy front is expected to promote market growth.
The Global Smart Grid Storage Technologies market is marked by the increasing number of key and strategic partnerships among vendors. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global Smart Grid Storage Technologies Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis.
- Ice Energy
- Altair Nanotechnologies
- Xtreme Energy
- Beacon Power Corporation
- Premium Power Corporation
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