The report, now available on ASDReports, recognizes the following companies as the key players in the Global energy storage in microgrids: AES Energy, Axion Power, BYD, East Penn Manufacturing, Exide, LG Chem, NGK Insulators, Saft and Samsung SDI
Commenting on the report, an analyst said: “Countries worldwide are continuously pushing for energy independence and implemention of environmentally friendly technology. Governments in many countries are supporting advanced battery development as a part of national energy policies. Countries such as Japan and South Korea are recognizing the importance of advanced battery technologies as a key component to gain market competitiveness, and are providing extensive support to the advanced battery industry.”
According to the report, rapid industrial development, economic growth, and the need for rural electrification have encouraged policymakers to deploy microgrids and develop renewable distributed energy generation techniques. The imperative to reduce greenhouse gas emissions has created much scope for renewable installations in APAC.
Further, the report states that lead-acid batteries are composed of sulfuric acid and an excess amount of lead. Lead is a highly toxic metal that may cause many health hazards, especially in young children.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Nov 9, 2015