1. Lux Research Report: Energy Storage Market To Hit $50 Billion By 2020

    Lux Research Report: Energy Storage Market To Hit $50 Billion By 2020

    The global energy storage market will rise to $50 billion by the year 2020, according to Lux Research — with a predicted compound annual growth rate of 8% until then. Much of the predicted rise will be in “transportation applications,” which will rise to $21 billion by 2020, according to Lux Research. Narrowing the gap between that portion of the market and the portion represented by electronics — which is predicted to rise to $27 billion by 2020. The remainder will be filled out by “stationary applications” — which are expected to rise to $2.8 billion.

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