Press Release

Lithium-ion Batteries to Dominate Grid Scale Energy Storage Systems Market through 2030

Growing number of renewable power projects to boost global grid scale energy storage systems market through 2030

According to TechSci Research report, Global Grid Scale Energy Storage Systems Market By Battery Type, By Ownership Model, By Application, By Region, Competition, Forecast & Opportunities, 2030’’, global grid scale energy storage systems market is anticipated to witness a CAGR of over 30% during forecast period. The growth of the market is majorly attributable to the growing investments in renewable energy and rising renewable power projects across the globe. Moreover, reduction in cost due to technological advancements is further anticipated to augment demand for grid scale energy storage systems over the next five years.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on " Global Grid Scale Energy Storage Systems Market"

https://www.techsciresearch.com/report/grid-scale-energy-storage-systems-market/4043.html

Notably, the market for grid scale energy storage systems has been segmented into battery type, ownership model, application and region. Based on battery type, the market has been categorized into lithium-ion, lead acid, flow battery, sodium-based battery and others. Among these, lithium-ion batteries possess high energy and power density, which enables these batteries to be lightweight with fewer standby losses and high life expectancy. Moreover, these batteries are lighter in weight than nickel metal-hydride and nickel-cadmium batteries, thereby driving their growth in grid scale energy storage systems market.

“Regionally, grid scale energy storage systems market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, Asia-Pacific region is the fastest growing market for grid scale energy storage systems and is anticipated to continue witnessing growth during forecast period as well. Governments of several countries in the region are determined to reduce the adverse effects on the environment, thereby encouraging the deployment of grid scale batteries in residential and utility applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4043

Customers can also request for 10% free customization on this report.

Global Grid Scale Energy Storage Systems Market By Battery Type, By Ownership Model, By Application, By Region, Competition, Forecast & Opportunities, 2030 has evaluated the future growth potential of global grid scale energy storage systems market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in global grid scale energy storage systems market.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

 

Email: sales@techsciresearch.com

Relevant News

All Rights Reserved © TechSci Research