Europe Energy Storage Systems Market (2017-2023)-6Wresearch

Market Forecast By Technology (Electro-Chemical Energy, Mechanical Energy, Thermal (Molten Salt) and Others), Applications (Residential, Power Utilities, Commercial & Industrial and Transportation) and Countries (Germany, France, Spain, United Kingdom, Italy and Rest of Europe) Energy Storage systems are gaining popularity in the Europe due to growing power demand, declining cost of energy storage systems and shift towards more cleaner fuels. Electro-chemical batteries are now mostly used to bridge the power demand and supply gap by storing the renewable energy and managing grid during peak hours instead of using fossil fuels. According to 6Wresearch , Europe Energy Storage System market is projected to grow at a CAGR of 14.5% during 2017-23 . However, energy storage systems market is still in its initial phase of deployment in most of the European countries on account of lack of common policy framework across different countries which is creating uncertainties among companies a...