Global Energy Storage Market to 2020

Consumer Demand is increasing for the Energy Storage Market

The growth of consumer demand for a reliable energy storage option has resulted in a series of inventions being made in the advanced energy storage market. In recent years, substantial progress has been made in the market for advanced batteries, fuel cells, flywheels, and ultracapacitors. There has been a substantial amount of progress in increasing the expected battery life and developing battery technologies capable of effectively powering various digital devices, power tools, battery electric vehicles, and plug-in hybrid electric vehicles.

A fuel cell is a zero emission source of power, and the only byproduct of a fuel cell is water. Some fuel cells use natural gas or hydrocarbons as fuel, although even these produce far less emissions than conventional sources. Therefore, fuel cells eliminate or at least vastly reduce the pollution and greenhouse gas emissions produced by burning fossil fuels, and since they are also quiet in operation, they also reduce noise pollution. The advantages of advanced energy storage devices are increasing consumer demand by a substantial amount, and this trend is expected to continue in future.

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