One of the key factors contributing to this market growth is the benefits of using such storage in solar plants.
DUBLIN, July 24, 2013
Research and Markets (http://www.researchandmarkets.com/research/8pgndf/energy_storage) has announced the addition of the "Energy Storage Market in the US 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the benefits of using such storage in solar plants. The Energy Storage market in the US has also been witnessing an increase in Research and Development initiatives. However, the lack of awareness of energy storage technologies could pose a challenge to the growth of this market.
The key vendors dominating this space are Abengoa Solar S.A., Areva Solar Inc., GE Energy LLC, and Pratt and Whitney Rocketdyne Inc.
TechNavio recognizes the following companies as the key players in the Energy Storage Market in the US: Pratt & Whitney Rocketdyne Inc., Abengoa Solar S.A., Areva Solar Inc. and GE Energy LLC.
Commenting on the report, an analyst from TechNavio's Clean Tech team said: "The increasing demand for energy is one of the major trends observed in the Energy Storage market in the US. For instance, the governments of various countries have forecast that their nationwide energy demand will double within the next decade. By 2035, the global energy demand is predicted to increase by up to 75 percent. The energy consumption pattern is likely to undergo variation in each country across the world. For instance, in 2009, China used energy that was equivalent to only half of what the US consumed. However, in 2010, China exceeded its previous consumption and stood in first place in terms of energy consumption in the world. Furthermore, the current global demand for energy is expected to more than double globally by 2020. With the existing power generation capacity, it will not be possible to meet the future energy demand. The storage of energy will help maintain a backup for catering to the high future energy demand. Large-scale and small-scale grid energy storage systems will meet this need, thus boosting the growth of the Energy Storage market in the US."
For more information visit http://www.researchandmarkets.com/research/8pgndf/energy_storage
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support. What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract. Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.