Christy Publications Grid Connected Battery Energy Storage Market | Page 3

rising government initiative for increasing production of renewable energy have also accelerated growth of the market in this region. For instance, according to Indian Brand Equity Foundation, the Indian government released its road map to achieve 175 GW capacity in renewable energy by 2022, in which 100 GW is for solar power and 60 GW is of wind power. Similarly, in 2017, the China government announced plans to invest US$ 360 billion in renewable energy by 2020. Moreover, North America grid connected battery market held the second position in the market. The U.S. and Canada are some of the major countries in this region. The high production of renewable energy in the region is a major driving factor for growth of the market. For instance, according to Coherent Market Insights, in 2017, Canada produced 712 terawatt hours electricity, of which 65% energy was produced by renewable resources. Key Players- Global Grid Connected Battery Storage Market. The major players operating in the global grid connected battery storage market include NGK Insulators Ltd, BYD Company, NEC Corporation, Samsung SDI Co., LG Electronics Inc., Xtreme Power, Saft Groupe S.A., AES Energy Storage, Alevo, Delco, Altair Nanotechnologies Inc., EnerDel, GNB Corporation, Ecoult, and Powertree Services Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]