TechNavio today launched its report Grid Storage Market in China 2011-2015 based on an in-depth study focusing exclusively on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said; ”The State Grid Corporation of China is currently investing substantially in the Clean Technology industry and is also taking steps to invest in the Grid Storage market in China. Large-scale grid storage technology is emerging as an area of interest for clean technology players because such storage facilities enable the smooth flow of energy generated by renewable resources. Various initiatives are being taken by the Chinese Government to enhance the growth of the Grid Storage market in China.”
According to the report, increased demand for power is one of the major driving factors for market growth. The increased demand for power in China has led the country to generate power from diverse sources such as wind power, coal, solar power, and hydro power.
Further, the report also discusses that the loss of stored energy negatively affects the growth of the Grid Storage market in China.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/feG1K
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TechNavio Announces the Publication of its Report – Grid Storage Market in China 2011-2015
