Energy Storage Systems Market Share will Grow US$ 1 Billion By 2025
New York, May 07, 2019: The global Energy Storage Systems Market is expected to exceed more than US$ 1 Billion by 2025 in the given forecast period.
The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as a primary power source in electric vehicles.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the Global market. Key players profiled in the report LG Chem, Ltd, ABB Ltd, GS Yuasa Corporation, Samsung SDI Co., Ltd, General Electric Company, SaftGroupe S.A, Tesla, Inc, Evapco, Inc, Calmac, Baltimore Aircoil Company, Inc, BYD Company Limited, Hitachi, Ltd and Panasonic Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
Energy Storage Systems are equipment that can efficiently and conveniently store multiple varieties of energy which will be utilized as per requirement, as example Li-ion batteries.
The scope of the report includes a detailed study of Global Energy Storage Systems Market with the reasons given for variations in the growth of the industry in certain regions.