Global Energy Storage Market for Microgrids 2015-2019
Published : November ,
Number of Pages : 89
Published By : Technavio
Microgrids are remote grids that can operate independently from conventional grid networks. They have control capabilities and are geared to connect to a main grid at a point of coupling that can maintain the voltage at the same levels as the main grid. These grids are also capable of negating instabilities by enabling the deployment of renewable energy sources such as solar PV and wind energy. Further, the use of renewable energy sources to serve remote areas helps reduce T&D losses by boosting efficiencies of the overall system. Various technologies such as advanced li-ion, advanced lead-acid, flow batteries, sodium-metal halide, and flywheels technologies are available for energy storage for microgrids.
Technavio's analysts forecast the global energy storage market for microgrids to grow at a CAGR of 27.8% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market...