Global Commercial and Industrial Energy Storage Market 2018-2022
About Commercial and Industrial Energy Storage
Energy storage system is used to store the surplus electricity t generated from the power grid, which can be used during power shortages, blackouts, and peak hours of demand. Energy stored different technologies is useful when the amount of electricity generated exceeds demand. This surplus electricity is supplied customers when demand exceeds generation.
Technavio’s analysts forecast the global commercial and industrial energy storage market to grow at a CAGR of 11.51% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial and industrial energy storage market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: