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Global Smart Grid Storage Technologies Market Outlook 2018(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/j397gb/global_smart_grid) has announced the addition of the "Global Smart Grid Storage Technologies Market 2014-2018" report to their offering. The Global Smart Grid Storage Technologies market to grow at a CAGR of 38% over the period 2013-2018 The smart grid storage technology refers to the method used to store electricity on a large scale with integration of smart grid system. The electricity is stored during off-peak load hours and is delivered during on-peak load hours. The smart grid storage technology enables to balance demand-supply mismatch and reduces power outages. Lead-acid, sulphur, lithium-ion, supercapacitors, and flow wheel storage technologies are main five types of storage technologies used in the smart grid system. The report covers the segmentation of the Global Smart Grid Storage Technologies market on the bases of Technology and Geography. The Technology segment consists of lead-acid, sulphur, lithium-ion, supercapacitors, and flow wheel and the Geography segment includes the Americas, the APAC, and the EMEA region. One major trend emerging in the market is the increasing integration of renewable power in addressing climate change and improving energy security, which has led to industry growth in recent years. The high adoption rate of renewable energy has increased the need for a storage system that provides backup during periods of intermittency or outage. According to the report, growing power consumption is one of the major drivers for the Global Smart Grid Storage Technologies market. Increasing power consumption has caused power outages in many countries. The use of smart grid storage technologies can help reduce losses and improve the efficiency of the power plants. Further, the report states that one of the major challenges that confront the market is the high cost of installation as it requires huge initial investment as the storage device cost is dependent on the size of the power plant and the size of renewable power plants. Growing renewable integration with the smart grid system results in the high cost of the smart grid system Key Vendors - Altairnano - Beacon Power - Ice Energy - Xtreme Power Other Prominent Vendors - ABB Ltd - Amber Kinetics - GE Energy Storage - Highview Power Storage - PolyPlus Battery Company - Samsung SDI Energy - Sumitomo For more information visit http://www.researchandmarkets.com/research/j397gb/global_smart_grid CONTACT: Research and Markets, Laura Wood, Senior Manager. [email protected] Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Sector: Environmental (http://www.researchandmarkets.com/categories.asp?cat_id=43&campaign_id=j397gb) . (c) 2014 M2 COMMUNICATIONS |