Advanced Energy Storage Systems Market Size, Share, 2013-20
Advanced energy storage system market by technology consists of the physical medium which stores the energy to perform functions in the future. Energy efficiency is the need of the hour as global electricity demand is expected to rise by 40% from 2010 to 2040. The key driver for the market is the fact that governments across the globe are funding advanced energy storage systems (AESS). This has boosted the chances of high return on investment. Currently, more than 650 AESS projects are underway or are being developed worldwide, and it is a good leap from around 560 projects in 2012.
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