MEA Stationary Battery Storage Market – Opportunities & Forecast, 2020-2027 - Gurgaon

Monday, 12 October, 2020

Item details

City: Gurgaon, Haryana
Offer type: Offer

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Contact name Gmi Research
Phone +353 1 442 8820

Item description

Growing demand for energy-efficient power network, rising technological advancements, expansion of communication network, emerging demand for the lithium-ion technology in the renewable energy industry, favorable government initiatives regarding clean energy generation, and the upcoming mega projects such as the Sodium sulfur plant in Abu Dhabi are some of the major drivers propelling the growth of MEA stationary battery storage market. Batteries hold the key to the transition from fossil fuel dependence.

Lithium-ion batteries are energy storage in off-grid renewable energy. They are considered as a primary choice for energy storage due to their longer life span than other technologies. Lithium-ion batteries have a high energy density and deliver huge amounts of current for high power applications. They are also considered as low maintenance and don’t need scheduled cycling for maintenance of batter life. Thereby, these batteries are considered important in the renewable energy industry for different purposes, such as for electric vehicles, for storage of off-grid renewable energy, and for storage of solar and wind energy. According to the MEA stationary battery storage market report, the increasing demand for lithium-ion technology in the renewable energy industry is surging the growth of the market in the MEA.

Visit: httpswww.gmiresearch.com/report/mea-stationary-battery-storage-market/