Smart Grid Renewables Integration Market Skyrockets Over 300%, to Reach $13 billion by 2018
FARMINGTON, Conn., June 4, 2012 /PRNewswire-iReach/ -- Global Information Inc. is pleased to announce the availability of two important new green energy distribution and storage market research reports:
Smart Grid Renewables Integration - Transmission Upgrades, Energy Storage, Demand Response, Virtual Power Plants, and Microgrids as Enablers of Renewable Energy on the Grid
Smart grid technologies at the distribution level – smart meter installations and distribution automation projects – are being deployed at scale in many countries around the world. However, a much broader set of smart grid technology tools will be required for the successful integration of renewable energy at both the utility scale and on a distributed basis, and according to Pike Research's new Smart Grid Renewables Integration market research report revenue from these technology tools will rise from almost $4 billion in 2012 to over $13 billion by 2018.
This Pike Research report examines current thinking and practices with regard to a series of smart grid technologies, policies, and applications designed to help integrate large penetration levels of renewable energy into power systems around the world. The study provides market capacity and revenue forecasts for static VAR compensators; synchrophasors; transmission, distribution and residential advanced energy storage systems; demand response; virtual power plants and microgrids.
Pike Research anticipates a significant expansion of the market opportunity for smart grid technologies that enable the integration of renewables. It also defines why HVDC transmission is crucial to meeting renewables targets, even though it is not really part of the smart grid. The report further identifies which kinds of advanced energy storage work best at the transmission, distribution, and residential points of power grid service.
A summary for this report and a free sample of the full document are available at
The Energy Storage Technologies (EST) Market 2012-2022
Intermittent renewable energy production creates a huge opportunity for energy storage solutions. In their latest electricity market research report, "The Energy Storage Technologies Market 2012-2022", Visiongain calculates the global energy storage technologies market for utility applications to be worth $1.66 billion in 2012.
Main Energy Storage solutions include Pumped Storage, Battery Storage, Thermal Storage, Compressed Air Energy Storage (CAES), Flywheels and Ultracapacitors. The report offers market and capacity forecasts for each of these energy storage technologies for the period 2012-2022.
The report introduces an analysis of where the Energy Storage market is headed, anticipating how and why the market will evolve from 2012 onwards. It discusses the main applications and the different types of EST and their characteristics, including SWOT analysis, drivers and restraints. In addition, 11 national energy storage technologies markets are forecast and analyzed over the period 2012-2022.
A summary for this report and a free sample of the full document are available at http://www.giiresearch.com/report/kt242966-energy-storage-technologies-est-market-2012-2022.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information, Inc.Back to top