Global Grid Storage Market To Reach $10.4 Billion In 2017

Author:Joshua S Hill     Source:Clean Technica     Click:467     Publish time:2013/5/30 15:27:28

Lux Research have released a new report which states that grid storage demand will grow to $10.4 billion in 2017, and that “strategic valuable partnerships are key to success”.

The grid storage market has grown surprisingly fast, starting from a modest $200 million in 2012, making the $10.4 billion figure extraordinary. In order to address this fast-paced growth, Lux Research believe that “developers will need to find the best partners that can not only improve their capabilities but also enable access to new markets against a host of competitors.”

Over the next few years we will likely see small developers seeking out the support of large corporations, while the reverse will also be true, multinational conglomerates looking for the hype and innovation found in startups.

“A strong network replete with complementary technologies, material supplies, and avenues to customers can speed up a company’s progress and buffer it against some unpredictable market dynamics,” said Steve Minnihan, Lux Research Senior Analyst and a contributor to the report titled Finding the Perfect Partner in the Global Grid Storage Market.

“However, quantity is no indicator of quality in evaluating a developer’s partnership network, because not all partnerships are created equal.”

Keywords:Global Grid Storage Market To Reach $10.4 Billion In 2017
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