Guidehouse Insights predicts the market for stationary energy storage for electric vehicles (EVs) to grow by 28% per annum by 2029.
The top ten markets for distributed energy storage in the US are expected to expand capacity by six times between 2020 and 2030 - study.
The electrification transformation continues to gain steam as all customer segments adopt electric technologies to lower their utility bills.
The global DER management technology market is expected to grow by 24.3% per annum between 2020 and 2029 - Guidehouse Insights.
The plug-in EV charging market will exceed $21bn in 2020. From there, it is anticipated to slow in 2021 and 2022 and then accelerate again to reach more than $70bn by 2030.
Eurelectric conducted a study on the energy transition with Enel Foundation and in collaboration with Guidehouse and Cambridge Econometrics.
The US utility-scale energy storage market has been the world’s fastest-growing since 2015 and is projected to maintain that position through 2023.
The global market for smart home IoT devices is expected to record an 18% growth between 2020 and 2029, according to research firm Guidehouse Insights.
The global market for flexible energy capacity will nearly triple between 2020 and 2029, according to Guidehouse Insights.
Global utilities are expected to increase their microgrids capacity by 19% per annum between 2020 and 2029, according to Guidehouse Insights.