Energy Storage Systems Market Analysis, Trends, & Scope

Posted on 2018-08-23 by Goldstein Research in Energy // 0 Comments

New York, USA, 2018-Aug-23 — /EPR Network/ —According to Goldstein Research, global energy storage systems market is expected to reach USD 296.0 billion by 2024 from USD 170.0 billion in 2016, growing at a CAGR of 7.2% over the forecast period 2016-2024. Major driving factor for the expansion of energy storage systems market is the growing spending on renewable energy across the world. Global energy storage systems market segmentation has been done on the basis of technology, application, end user and geography.

Based on technology, mechanical & electrochemical energy storage systems segment are generating and distributing maximum power energy across the globe, where mechanical energy storage system occupies 24% share of global energy storage systems market in 2016. Global energy storage systems market is largely dominated by the Asia Pacific with a market share of 10.0% in 2016. Whereas the Middle East and Africa are projected to witness a rapid growth with a CAGR of 9.0% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Energy Storage Systems Market can be segmented as follows:

Energy Storage Systems Market, 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)

Energy Storage Systems Market, Based on Application

Grid Storage
Energy Transmission

Energy Storage Systems Market, Based on End-User

Residential
Commercial
Energy & Utilities

Energy Storage Systems Market, By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Energy Storage Systems Market Outlook 2024” contains the detailed overview of the global energy storage systems market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, application and end user.

Further, for the in-depth analysis, Global Energy Storage Systems 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 research 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, InSync Energy, General Electric, Panasonic, Mitsubishi Heavy Industries, Enersys, Active Power, Beacon Power, Greensmith Energy Management Systems, Convergent Energy and Power Inc., Sonnen, Redflow, Eos Energy Storage, Alevo, Seeo Inc., BYD Company Ltd., Scheider Electric, SMA Solar Technology AG, SK Holdings, Enermax Acumuladores Ltda, Eguana Technologies, Autobot SACI, Imergy Power Systems., Ionotec Ltd., Exide Industries Ltd., etc.

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.

The objective of the Report:

To analyze and forecast market size of energy storage systems market.
To calculate the expected growth rate of the energy storage systems market.
To classify and forecast energy storage systems market based on type, application and geography.
To identify market key players, driving factors, & trends of energy storage systems market with the help of SWOT Analysis.
To identify and analyze the profiles of leading players involved in the manufacturing and supplying of energy storage systems market.
To identify market opportunities for the existing and entry-level players.

Overall, the report represents the global energy storage systems market trends along with the 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.

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