The Energy Storage market is a sector of the energy industry that focuses on the development and deployment of technologies that store energy for later use. This includes batteries, flywheels, compressed air, and other forms of energy storage. Energy storage is becoming increasingly important as the world moves towards renewable energy sources, such as solar and wind, which are intermittent and require energy to be stored for later use. Energy storage can also be used to reduce peak demand, improve grid reliability, and provide backup power in the event of an outage.
Some of the leading companies in the Energy Storage market include Tesla, LG Chem, BYD, Panasonic, and Samsung SDI. These companies are developing and deploying a variety of energy storage solutions, ranging from residential batteries to large-scale grid-connected systems. Other companies in the market include ABB, GE, Siemens, and AES Energy Storage. Show Less Read more