This report summary comes from PikeResearch, www.pikeresearch.com
Government investments in energy storage and related areas (such as smart grid) are bearing fruit, particularly in the North American and Asian markets. As the global energy-storage-project pipeline has grown, the number of deployed projects has increased as well. R&D strategies in each region are becoming more apparent. Asian economies, for example, are moving toward advanced battery technologies, with the intention of developing export industries. The North American market is characterized by a policy of funding innovation making it the most technologically diverse region in the industry.
In addition to government support, two factors account for the rise in deployments of energy storage projects: demand for energy storage has risen as utilities learn more about energy-storage technologies making them less risk averse. The brightening economic outlook has made companies more willing to invest the capital required for energy storage.
Announced projects rose from 83 in Q2 2012 to 107 in the Q4. The number of deployed projects (indicating that a project is operational) grew from 522 to 562 during the same period.
This Pike Research tracker report includes a database of 757 projects and tracks the country, region, market segment, status, technology vendor, applications, funding, investment, and key milestones for each project. In addition, the report includes analysis of the project pipeline for energy storage, an analysis of the technology bias within each major region for storage, key trends over the past 5 years, and the leading end-use market segments in the space.
Authors say the $2,900 report answers questions such as:
How large is the energy storage pipeline and how has it changed in the past 6 months?
Which regions are leading in terms of market share in the energy storage sector?
What is the technology choice within each region? Which global regions are more innovative?
How many new projects have come online in the last 6 months?
How has the energy storage market changed in the past 5 years?
What are the leading market segments for energy storage? Which technologies lead in each segment?
Filed Under: Energy storage, News, Policy