NewEnergyNews: CHINA ENERGY STORAGE MRKT TO BOOM

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    Friday, June 12, 2015

    CHINA ENERGY STORAGE MRKT TO BOOM

    China’s Advanced Energy Storage Market to Quadruple to $8.7 Billion in 2025; Transport applications will take an 85% share, or $7.4 billion, as pollution and policy drive the market for electric vehicles…

    June 11, 2015 (Lux Research)

    “Driven by environmental problems, a growing auto industry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion in 2025, more than quadrupling from the current $1.7 billion…Transport applications will dominate with $7.4 billion, or 85% share of the revenues. Stationary applications will earn $1.3 billion. Overall, revenues will grow slower than volumes on account of continually falling battery and systems prices…” click here for more

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