Abstract
REPORT HIGHLIGHTS
- The global market for electric energy storage (EES) systems will increase
from $2.3 billion in 2007 to an estimated $2.6 billion by the end of 2008. It
should reach $3.8 billion by 2013, a compound annual growth rate (CAGR) of
8.0%.
- With improving technologies and falling costs, EES has the potential to
defer capital investments, aid in energy arbitrage and lessen environmental
impacts.
- The lion' s share of EES activity is taking place in the U.S.
SCOPE OF STUDY
This report contains:
- Descriptions of various types of electric energy storage (EES)
technologies including pumped hydro, compressed air energy, lead-acid
batteries, sodium sulfur batteries, vanadium redox flow batteries, flywheels,
superconducting magnetic storage and supercapacitors
- The current market status of the EES industry, with trends and forecasts
for growth over the next 5 years
- Analysis of EES-related patents issued during the past 3 years
- Profiles of major companies working in EES.
METHODOLOGY
This report presents an analysis by each storage technology shipped in 2008.
Our estimated value is based on the total revenues being spent on each
technology including new equipment, upgrades, refurbishments, and replacement
devices. It also includes revenues for R&D activities by both public and
private organizations.
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