The stationary energy storage sector will play an increasingly larger role in the electricity grid of the future. Demand is being driven by several key trends including the proliferation of renewable energy from variable sources such as wind and solar, the expansion of utility smart grid initiatives, and the introduction of plug-in hybrid and electric vehicles. According to a new report from Pike Research, worldwide installed system revenues will grow at a strong pace in the coming decade, increasing from $1.5 billion in 2010 to $35.3 billion annually by 2020.
Related posts:
- Home Energy Management Users Will Reach 28 Million by 2015, According to Pike Research
- Smart Grid Cyber Security Market to Reach $3.7 Billion by 2015, According to Pike Research
- Global Smart Grid Investment to Peak at $35.8 Billion in 2013, Says Pike Research
- Smart meter rollout to reach $25bn in Europe by 2020, says Greenbang
- Smart Gas Meters to Reach 36 Million Installations Worldwide by 2016, Says Pike Research
