Research Firms: Vehicles, Lithium-Ion Batteries to Drive Energy Storage to $50 Billion in 2020

JOHANNESBURG--July 25, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Energy storage is forecast to grow at a compounded annual growth rate (CAGR) of 8% to $50 billion annually in 2020, with the most dramatic moves coming from the transportation industry. Electronics and plug-in vehicles will drive the growth.

Within this article: Information regarding growth of the energy storage market.