Bharatbook.com introduce market report about BCCâ€™s goal in conducting this study was to assess and describe the current status and assess the potential growth of the worldwide utility-scale electricity storage (UES) technology industry and the market for associated storage technologies.
THIS REPORT CONTAINS
Descriptions of various types of electric energy storage (EES) technologies, including pumped-hydro, compressed-air energy, lead-acid batteries, sodium-sulfur batteries, vanadium-redox-flow batteries, flywheels, superconducting magnetic storage and supercapacitors
Analysis of global market trends, with data from 2009, estimates for 2010, and projections of compound annual growth rates (CAGRs) through 2015
Evaluations of EES-related patents issued during the past 3 years
Comprehensive profiles of major companies.
STUDY GOALS AND OBJECTIVES
BCC’s goal in conducting this study was to assess and describe the current status and assess the potential growth of the worldwide utility-scale electricity storage (UES) technology industry and the market for associated storage technologies. More specifically, the study included the following objectives: (1) summarize existing UES technologies and promising emerging technologies that are under development; (2) evaluate the existing UES technology industry, focusing on the manufacturers and providers of major components for viable storage technologies; and (3) assess market potential for UES technologies over a 5-year period from 2010 through 2015.
REASONS FOR COMPLETING THIS STUDY
With the exception of the recent period immediately following the global economic turndown, global demand for electricity is expected to continue to increase through at least the next two decades. However, much of the world’s electricity generation industry is in the midst of a turning point. In support of carbon dioxide (CO2) emissions reduction regulations and industry trends, the electricity generation sector is in the process of transitioning generally away from coal- and oil-fired electricity production, and toward the installation of increasing proportions of renewables. However, many renewable energy resources are intermittent in nature: Solar cells only generate electricity when the sun is shining, and wind turbines only generate power when sufficient wind is blowing. To meet consumer electricity demand, which is often not aligned with available renewable power production capacity, very large-scale energy storage technologies are needed.
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