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Dallas–Fort Worth, TX Press Releases
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(Dallas.CityRegions.Com, August 30, 2018 ) Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.
Key factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions. Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. The Americas dominated the battery energy storage market for smart grid and accounted for most of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems.
Over the next five years, Publisher projects that Battery Energy Storage Systems for Smart Grid will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017. Request Sample Report @ http://www.orbisresearch.com/contacts/request-sample/2292930
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage Systems for Smart Grid market by product type, application, key manufacturers and key regions.
To calculate the market size, Publisher considers value and volume generated from the sales of the following segments:
Segmentation by product type: Secondary Batteries Flow Batteries Others
Segmentation by application: Energy Management Backup Power Voltage Support Load Leveling Others
Browse Complete Report@ http://www.orbisresearch.com/reports/index/2018-2023-global-battery-energy-storage-systems-for-smart-grid-consumption-market-report
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Siemens ABB Samsung SDI GEAlstom A123 Bosch BYD AES Energy Storage LG Chem
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Some Points From Table of Content: 1 Scope of the Report 2 Executive Summary 3 Global Battery Energy Storage for Smart Grid by Players 4 Battery Energy Storage for Smart Grid by Regions 5 Americas 6 APAC 7 Europe 8 Middle East & Africa Continued…
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