Global Energy Storage Technologies (EST) Market to be Worth $4,033M in 2013

Wednesday 23 October 2013, Amsterdam

The new energy report, The Energy Storage Technologies (EST) Market 2013-2023, indicates that the EST market will reach a value of $4,033m in 2013.

The lead analyst of the report commented that ‘energy storage technologies are becoming increasingly important for improving the efficiency of electricity grid systems. With an ever larger share of power generation coming from intermittent renewable energy sources, rising commodity prices and escalating energy peak demand in high-growth economies, EST are under the spotlight as potential game changers in the management of power transmission and distribution. At present, only some EST are commercially viable; yet, analysts expect the market to see exponential growth in the next ten years, led by technological, economic and political factors already in action.’

The 252 page report contains 174 tables, charts and graphs that add visual analysis in order to explain developing trends within the EST market. This report provides forecasts for the period 2013-2023 in terms of CAPEX (USD) for the global market, as well as forecasts and analysis for 7 leading EST submarkets (pumped hydro storage, grid-scale batteries, compressed air energy storage (CAES), thermal storage, flywheel storage, ultracapacitor storage, and other EST) and the 11 leading national markets. In addition to CAPEX forecasts, ten-year energy storage capacity (GW) projections are provided for the submarkets and leading national markets.

The EST report also supplies profiles of the five leading companies operating within the EST market, including information on 2012 market spending and market share, capabilities, product portfolios, focus, strategies and future outlook. The transcripts of exclusive interviews with EnerVault, Deeya Energy and Maxwell Technologies are also included, providing expert insight into the EST market.

The Energy Storage Technologies (EST) Market 2013-2023 will be of value to anyone who wants to better understand the EST industry and its dynamics. It will be useful for businesses already involved in the EST market, or for those wishing to enter this growing industry in the future.