ENERGY STORAGE MARKET EMERGING

Energy Storage Tracker 3Q14; Global Energy Storage Installations: Market Share Data, Industry Trends, Market Analysis, and Project Tracking by World Region, Technology, Application, and Market Segment

3Q 2014 (Navigant Research)

“Government funding, subsidies, and regulatory reforms in energy storage and related areas continue to encourage market growth. Lithium ion (Li-ion) technology has emerged as the global leader…[F]lywheels and flow batteries are also making significant headway. North America continues to move the market forward…[Western Europe] is also leading the market with utility-scale advanced battery and power-to-gas installations and announcements…Key vendors in the industry continue to specialize as systems integrators in the supply chain. In some cases, integrators are entering the sector from other industries. This is a critical time …[M]ore systems integrators are needed…[Navigant Research estimates] 362.8 MW of energy storage projects have been announced globally in the 2013-2014 period with an almost equal distribution between North America (103.3 MW), Asia Pacific (100.5 MW), and Western Europe (91.1 MW)…” click here for more

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