TechNavio today published its report China Grid Storage Market 2010–2014.
February 06, 2012 — The report aids decision makers’ understanding of the present and the future landscape of the Grid Storage market in China.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said, “China currently depends on fossil fuels for energy generation. Over 75 percent of the power generated in China is generated out of coal resources. The long cycle of construction of fossil fuels plants has increased the dependency of the country on DERs. In China, the prevailing trend is centralized power generation, wherein the power plants are located in remote areas, far away from residential areas. This is done in order to eliminate the hazardous emissions discharged by the plants.”
According to the report, The State Grid Corporation of China is currently investing immensely in the clean technology industry, and is also taking steps to invest in the China Grid Storage market. Large-scale grid storage technology is emerging as an area of interest for clean technology players, as these storage facilities enable the smooth flow of energy generated by renewable resources.
The report also discusses that the installation cost of the grid storage system is very high, which has been a challenge to the growth of this market.
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 www.technavio.com.
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