The global energy storage market has witnessed a remarkable growth in the past few years and it has been anticipated that the energy storage systems will grow at the rapid pace during the forecast period. Energy Storage is a very diverse subject areas, it comprises from small to very large systems. Energy storage is broadly segmented into mechanical energy storage, electro-chemical energy storage, thermal storage and chemical ... Read more
The growing attention and substantial investment in renewable power energy generation is rigorously driving the global energy storage market. Major economies around the world are highly focusing on developing the renewable energy power generation so as to reduce their dependency on conventional power generation through fossil fuels. Renewable energy currently holds a substantial share in total global energy production. In 2016, World Energy ... Read more
Various factors are contributing to the increasing demand for unconventional sources of energy, including the rapid urbanization, degradation of environment due to the increased usage of fossil fuels, and ready availability of these sources. Unconventional sources of energy, such as wind energy, hydro power, and solar energy, can produce clean energy and also have the potential to match the surging energy demand across the globe. Moreover, these renewable energy technologies have variable ... Read more
