Advanced Energy Storage Systems Market Industry size will hit USD 7.17 billion by 2022
Category: #business  By Deepak Pardhi  Date: 2019-09-12
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Advanced Energy Storage Systems Market Industry size will hit USD 7.17 billion by 2022

The Advanced Energy Storage Systems Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

High power consumption and rising demand for plug-in electric vehicles will result in a definite upswing in Advanced Energy Storage Systems Market. Increasing requirement for electricity across various sectors and high energy costs will boost advanced energy storage systems industry. Furthermore, depleting fossil fuel sources and the subsequently growing preference for renewable energy will surge market growth. According to Global Market Insights, Inc., “Advanced Energy Storage Systems Industry size will hit USD 7.17 billion by 2022, growing at a CAGR of 15% over 2015-2022.”

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Advanced Energy Storage Systems Market Top companies are constantly engaging in collaborations to develop innovative products and increase profitability. For instance, as of 2017, AES Corporation (India) and Mitsubishi Corporation have partnered to work on India’s first grid-scale project. Both the firms plan to jointly develop the 10 MW energy storage array endowed with superior features such as improved system flexibility, high reliability, and crucial load management, which will be delivered to the electric grid owned by Tata Power Delhi Distribution Ltd.

Local manufacturers and other middlemen across the supply chain also hold a substantial contribution in global advanced energy storage systems market, which is highly fragmented. Notable industry players include Samsung SDI Corp. Ltd., EnSync Energy Systems, LG Chem, Active Power, Inc., GE, Electrovaya Inc., and Alevo.

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In Advanced Energy Storage Systems Market Battery technology accounted for 10% of advanced energy storage systems market share in 2014. Low costs, charging convenience, low rate of energy wastage, and novel technological breakthroughs will further propel battery based advanced energy storage systems industry, which is set to depict a y-o-y growth of 18% over 2015-2022.

Powered by these excellent features, flywheel based advanced energy storage systems market is forecast to depict a CAGR of 18% over 2015-2022.

Power generation companies are heavily investing in R&D, driven by the outstanding features offered by this technology, owing to which the U.S. flywheel technology industry will witness a demand of more than 110 MW by 2022. With U.S. being the chief contributor, North America advanced energy storage systems market held more than 80% of the global revenue share in 2014. It will grow significantly in the next few years, fueled by the country’s defined regulatory policies to curb carbon emissions and pollution levels.

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Growing infrastructural development in countries such as India, China, and Indonesia will propel APAC advanced energy storage systems market, which is slated to observe a CAGR of 15% over 2015-2022.

Global advanced energy storage systems industry size was over 3.5 GW in 2014, and is expected to register installations exceeding 11 GW by 2022. Energy management systems deliver efficient management of energy sources using the load shifting technique, which helps meet the demands of advanced grid systems, subsequently driving industry growth. High energy prices have resulted in the rising adoption of energy management systems worldwide, which will also fuel this industry in the coming years.

Partial Table of Contents (ToC) of the report:

Chapter 4    Advanced Energy Storage Systems Technology Insights

4.1    Advanced energy storage systems market share by technology, 2014 & 2022

4.2    Batteries

4.2.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

4.2.2     Market estimates and forecast by region, 2012 - 2022, (MW) (USD Million)

4.3    Flywheel

4.3.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

4.3.2     Market estimates and forecast by region, 2012 - 2022, (MW) (USD Million)

4.4    Thermal

4.4.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

4.4.2     Market estimates and forecast by region, 2012 - 2022, (MW) (USD Million)

4.5    Compressed Air

4.5.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

4.5.2     Market estimates and forecast by region, 2012 - 2022, (MW) (USD Million)

4.6    Molten Salt

4.6.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

4.6.2     Market estimates and forecast by region, 2012 - 2022, (MW) (USD Million)

Chapter 5    Advanced Energy Storage Systems Regional Insights

5.1    Advanced energy storage systems market share by region, 2014 & 2022

5.2    North America

5.2.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.2.2     Market estimates and forecast by technology, 2012 - 2022, (MW) (USD Million)

5.2.3     U.S.

5.2.3.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.2.3.2  Market estimates and forecast by technology, 2012 - 2022, (MW) (USD Million)

5.3    Europe

5.3.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.3.2     Market estimates and forecast by technology, 2012 - 2022, (MW) (USD Million)

5.3.3     Germany

5.3.3.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.3.3.2  Market estimates and forecast by technology, 2012 - 2022, (MW) (USD Million)

5.3.4     UK

5.3.4.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.3.4.2  Market estimates and forecast by technology, 2012 - 2022, (MW) (USD Million)

5.4    Asia Pacific

5.4.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.4.2     Market estimates and forecast by technology, 2012 - 2022

5.4.3     China

5.4.3.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.4.3.2  Market estimates and forecast by technology, 2012 - 2022

5.4.4     India

5.4.4.1  Market estimates and forecast 2012 - 2022, (MW) (USD Million)

5.4.4.2  Market estimates and forecast by technology, 2012 - 2022

5.4.5     Japan

5.4.5.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.4.5.2  Market estimates and forecast by technology, 2012 - 2022

5.5    Latin America

5.5.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.5.2     Market estimates and forecast by technology, 2012 - 2022

5.5.3     Brazil

5.5.3.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.5.3.2  Market estimates and forecast by technology, 2012 - 2022

5.6    MEA

5.6.1     Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.6.2     Market estimates and forecast, by technology, 2012 - 2022

5.6.3     Saudi Arabia

5.6.3.1  Market estimates and forecast, 2012 - 2022, (MW) (USD Million)

5.6.3.2  Market estimates and forecast by technology, 2012 - 2022

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/advanced-energy-storage-systems-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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