Global Energy Storage System Market Analysis Based On Technology (Mechanical, Thermal, Chemical), By Application (Grid Storage, Energy Transmission), By End-User, And Region With Forecast 2016-2024

Posted on 2018-04-24 by Goldstein Research in Energy // 0 Comments

Global energy storage system market

New York, USA, 2018-Apr-24 — /EPR Network/ —

According to Goldstein Research, growing pressure on the present electric grids and electricity generation plants amid of rapid urbanization, power shortages and climatic changes has significantly augmented the market for energy storage systems in recent years which can be operated during critical situations. Global energy storage system market outlook also includes product innovation, technological advancements, and capital investment as the key strategies adopted by the major players and governments for significant adoption and deployment of energy storage systems across the globe. Many countries around the world are looking forward for the implementation of power storage system while countries such as U.S, China, and Australia among others are successfully implementing the technology. In 2016, there were about USD 10.0 billion were invested in energy storage systems across the globe in which U.S shared about 40% of the total investment.

Market Segmentation

On the basis of our in-depth analysis, global energy storage system market can be segmented as follows:

Based on Technology

Mechanical Energy Storage

Pumped Hydro Storage (PHS)
Compressed Air Energy Storage (CAES)
Flywheels
Liquid Air Energy Storage (LAES)
Hot Water Systems

Electrochemical Energy Storage

Advanced Lead Acid battery
Lithium-Ion (LI-ION) battery
Sodium Sulfur (NaS) Battery
Flow Systems

Thermal Energy Storage

Pumped Heat Electrical Storage (PHES)
Concentrated Solar Power (CSP)

Chemical Energy Storage

Hydrogen Storage
Solar Power to gas (P2G)

Based on Application

Grid Storage
Energy Transmission

Based on End-User

Residential
Commercial
Energy & Utilities

Based on Geography

North America (U.S. & Canada) Energy Storage System Market
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Energy Storage System Market
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Energy Storage System Market
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Energy Storage System Market
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Energy Storage System Market

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“Global Energy Storage System Market Outlook 2024” contains detailed overview of the global energy storage system market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type, applications and by end users.

Further, for the in-depth analysis, Global Energy Storage System Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as ABB Ltd., LG Chem, Ltd., Tesla, Inc., Samsung SDI Co, Ltd, AES Energy Storage, EnSync Energy, General Electric and Panasonic. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global energy storage system market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/global-energy-storage-systems-market-analysis-forecast

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