Energy storage market to grow 9%

With a 2011 revenue of USD$39.5 billion, the global energy storage market is set to increase steadily through 2020, according to the latest report by GBI Research.

According to GBI (‘Global Energy Storage Market to 2020 – Targeting Transportation Sector Applications, Advanced Batteries, Ultracapacitors and Fuel Cells all Set for Growth’), growth should reach $62 billion by 2016, equal to a compound annual growth rate of 9%.

Be the first to comment on "Energy storage market to grow 9%"

Let us know what you think. Please leave a comment.