Energy Storage Technologies Market

Global Advanced Energy Storage Technologies Market Analysis - Forecasts to 2025 By Technology (Electro Chemical, Mechanical, Thermal Storage), By Application (Transportation, Grid Storage), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitor Analysis - Business Intelligence Report - Global Market Estimates

Category Chemicals & Advanced Material
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf

Market Insights
In 2016, the global advanced energy storage system (AESS) market outlook was estimated at USD 11 billion. A rise in the renewable energy investments, demand for global electric vehicle (EV) and favourable regulatory changes that demand energy efficiency are some of the factors leading to growth in this market.

AESS helps reduce power fluctuations by storing electricity for use during uncertainty. Large scale grid projects require electricity management during peak times and thus there is a growing demand for the AESS.

A crucial part is played by these systems in power grids by managing peak electricity loads, regulating frequency of power supply, reducing congestion on grids, and supplying power in a uniform manner in distributed generation. These systems are also used in the railway sector and for electric & hybrid vehicles.

Government initiatives are being introduced in countries around the world to meet the growing demand for electricity and these initiatives are expected to boost the market growth during the period of forecast. The U.S. government through its Energy Storage Program is conducting research to improve the density of energy stored in flow battery electrolytes, seeking to develop Sodium-ion batteries with a low temperature feature and nano-structured electrodes containing improved electrochemical features.

Another factor leading to the market growth is the rise in R&D to increase the number of alternatives for electricity storage. These alternatives include development of electro chemical batteries, flywheels, thermos chemical storage systems, software tools for storage sizing & optimisation, and power electronics.

Technology Insights
AESSs are classified into electro chemical, mechanical, thermal, and other storage systems. In 2016, thermal segment occupied the largest share and is expected to grow at a high CAGR from 2017 to 2025. The thermal segment accounted for over 40% of the share due to its effective power capturing process.

Thermal systems store power by either cooling or heating a storage channel temporarily in order to consume it at a later period. These systems store winter cold for air conditioning in summer and summer heat for heating in winter. This type of system is used in industries and commercial establishments. They are also used in combination with solar power plants.

In electro chemical systems, lithium ion batteries occupied a large share in 2016. Lithium ion batteries can store a lot of power and are easily chargeable. Compared to other batteries in the category, these batteries are the most cost effective. Lithium ion batteries are used in various devices such as laptops, power tools, and medical equipment.

Pumped hydro and flywheel are mechanical storage systems. Pumped hydro systems occupied a major share in 2016 and are expected to grow at a high demand in the Asia Pacific countries. Flywheel technology will also experience a high growth owing to its ability to provide greater stability and uninterrupted supply of power.

Application Insights
AESSs are used in grid storages and transportation. High electricity consumption needs effective management and this is made possible by installing grids storage. Power storage is important when production of electricity exceeds consumption. This can be observed mostly in the case of renewable energy sources such as tidal, wind and solar power. Grid storages returns power stored back to the grid when consumption exceeds production.

In the transportation segment, AESS finds application in the railway sector, electric and hybrid vehicles. Electric railways are environment friendly as compared to diesel run trains. Similarly, EVs are a clean and safe alternative to the traditional fuel run vehicles.

There is a rising environmental concern due to the greenhouse gases emitted from fuel run vehicles is expected to increase the demand for EVs, thereby enhancing AESS demand. Government support for developing eco-friendly solutions, technological innovations, and financial feasibility are also a few reasons why people are expected to shift to hybrid and electric vehicles.

Advanced Energy Storage Technologies Market

Regional Insights
North America and Europe occupy a large share in the AESS market. High demand in these regions is attributed to technologies that enable the production of sustainable, clean, and affordable energy. According to the Global EV Outlook 2017, the U.S. was the second largest producer of EVs in 2015. The U.S. among other countries has also developed several strategies and policies that favour the development of energy efficient solutions, which is expected to augment the AESS market.

The market for AESS is expected to grow at a high rate in Asia Pacific as the regions electricity requirement is projected to double from 2010 to 2035. Japan and China are two of the largest electrical vehicle manufacturers and suppliers. Adoption of distributed energy generation by the municipal and federal government in Japan, China, Taiwan, and South Korea is also projected to increase demand for electricity storage systems.

End-use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase advanced energy storage systemsover the coming years. Some leading consumers of advanced energy storage systems are Tesla, Inc. (The U.S.), Panasonic Corporation (Japan) and General Electric Company (The U.S.)

Competitor Analysis
AESS market is fragmented due to the presence of many companies offering storage technologies. Government encouragement, environment & green initiatives, coupled with R&D and new innovations are some of the factors expected to augment growth over the coming years. The key players include ABB Limited, LG Chemicals Limited, General Electric Company, AES Energy Storage, and Altair Nanotechnologies.

In October 2016, LG Chemicals announced the construction of an EV battery plant in Poland. This plant is expected to have a production capacity of approximately 100,000 batteries per annum for the purpose of automotive application.

In April 2016, AES India Private Limited along with Panasonic India Private Limitedannounced plans to setup a10-Megawatt energy storage array in Haryana, India. This system will provide daily reliability and back-up to the manufacturing facilities as well as renewable integration and grid stability.

Please note: This is not an exhaustive list of companies profiled in the report.

1 RESEARCH METHODOLOGY

1.1 DESK RESEARCH
1.2 PRIMARY RESEARCH
1.3 ANALYSIS AND OUTPUT
1.4 FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH

2 ECOSYSTEM OVERVIEW

3 TECHNOLOGICAL TRENDS IN ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET

4 DEMAND AND SUPPLY MATRIX

4.1 INTRODUCTION

4.2 DEMAND SIDE ANALYSIS
4.2.1 ADVANCED ENERGY STORAGE TECHNOLOGIES: MARKET DRIVERS
4.2.2 ADVANCED ENERGY STORAGE TECHNOLOGIES: MARKET RESTRAINTS
4.2.3 ADVANCED ENERGY STORAGE TECHNOLOGIES: MARKET OPPORTUNITIES
4.2.4 ADVANCED ENERGY STORAGE TECHNOLOGIES: MARKET CHALLENGES

4.3 SUPPLY SIDE ANALYSIS
4.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY)
4.3.2 MAPPING KEY ADVANCED ENERGY STORAGE TECHNOLOGIES MANUFACTURERS
4.3.3 PORTER’S FIVE FORCES ANALYSIS
4.3.3.1 Threat of new entrants
4.3.3.2 Threat of substitutes
4.3.3.3 Bargaining power of buyers
4.3.3.4 Bargaining power of suppliers
4.3.3.5 Intensity of competitive rivalry
4.3.4 ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET: TREND ANALYSIS

4.4 PESTLE ANALYSIS

4.5 IMPACT ANALYSIS

4.6 PATENT LISTING

4.7 BEHAVIOURAL ANALYSIS
4.7.1 KEY MACRO INDICATORS
4.7.2 KEY MICRO INDICATORS

5 REGULATORY FRAMEWORK

6 ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET, BY TECHNOLOGY

6.1 INTRODUCTION
6.2 ELECTRO CHEMICAL
6.3 MECHANICAL
6.4 THERMAL STORAGE
6.5 OTHER STORAGE

7 ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 TRANSPORTATION
7.3 GRID STORAGE

8 ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET, BY REGION

8.1 INTRODUCTION

8.2 NORTH AMERICA
8.2.1 BY TECHNOLOGY
8.2.2 BY APPLICATION
8.2.3 BY COUNTRY
8.2.3.1 U.S.
8.2.3.1.1 By technology
8.2.3.1.2 By application

8.3 EUROPE
8.3.1 BY TECHNOLOGY
8.3.2 BY APPLICATION
8.3.3 BY COUNTRY
8.3.3.1 GERMANY
8.3.3.1.1 By technology
8.3.3.1.2 By application.
8.3.3.2 UK
8.3.3.2.1 By technology
8.3.3.2.2 By application
8.3.3.3 FRANCE
8.3.3.3.1 By technology
8.3.3.3.2 By application

8.4 ASIA PACIFIC
8.4.1 BY TECHNOLOGY
8.4.2 BY APPLICATION
8.4.3 BY COUNTRY
8.4.3.1 CHINA
8.4.3.1.1 By technology
8.4.3.1.2 By application
8.4.3.2 INDIA
8.4.3.2.1 By technology
8.4.3.2.2 By application
8.4.3.3 JAPAN
8.4.3.3.1 By technology
8.4.3.3.2 By application

8.5 CENTRAL & SOUTH AMERICA
8.5.1 BY TECHNOLOGY
8.5.2 BY APPLICATION
8.5.3 BY COUNTRY
8.5.3.1 BRAZIL
8.5.3.1.1 By technology
8.5.3.1.2 By application

8.6 MIDDLE EAST & AFRICA
8.6.1 BY TECHNOLOGY
8.6.2 BY APPLICATION
8.6.3 BY COUNTRY
8.6.3.1 SAUDI ARABIA
8.6.3.1.1 By technology
8.6.3.1.2 By application

9 GLOBAL ADVANCED ENERGY STORAGE TECHNOLOGIES MARKET: END-USER LANDSCAPE (CONSUMER PROFILE)

9.1 INTRODUCTION
9.2 NORTH AMERICA
9.3 EUROPE
9.4 ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
9.6 CENTRAL & SOUTH AMERICA

10 VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS/DISTRIBUTORS)

10.1 NORTH AMERICA
10.2 EUROPE
10.3 ASIA-PACIFIC
10.4 REST OF THE WORLD

11 COMPANY PROFILE

11.1 AES ENERGY STORAGE
11.1.1 BUSINESS DESCRIPTION
11.1.2 FINANCIAL PERFORMANCE
11.1.3 SWOT ANALYSIS
11.1.4 PRODUCTS AND SERVICES OFFERED
11.1.5 STRATEGIC INITIATIVES

11.2 GENERAL ELECTRIC COMPANY
11.2.1 BUSINESS DESCRIPTION
11.2.2 FINANCIAL PERFORMANCE
11.2.3 SWOT ANALYSIS
11.2.4 PRODUCTS AND SERVICES OFFERED
11.2.5 STRATEGIC INITIATIVES

11.3 LG CHEM
11.3.1 BUSINESS DESCRIPTION
11.3.2 FINANCIAL PERFORMANCE
11.3.3 SWOT ANALYSIS
11.3.4 PRODUCTS AND SERVICES OFFERED
11.3.5 STRATEGIC INITIATIVES

11.4 ALEVO
11.4.1 BUSINESS DESCRIPTION
11.4.2 FINANCIAL PERFORMANCE
11.4.3 SWOT ANALYSIS
11.4.4 PRODUCTS AND SERVICES OFFERED
11.4.5 STRATEGIC INITIATIVES

11.5 ZBB SYSTEMS
11.5.1 BUSINESS DESCRIPTION
11.5.2 FINANCIAL PERFORMANCE
11.5.3 SWOT ANALYSIS
11.5.4 PRODUCTS AND SERVICES OFFERED
11.5.5 STRATEGIC INITIATIVES

11.6 ACTIVE POWER, INC.
11.6.1 BUSINESS DESCRIPTION
11.6.2 FINANCIAL PERFORMANCE
11.6.3 SWOT ANALYSIS
11.6.4 PRODUCTS AND SERVICES OFFERED
11.6.5 STRATEGIC INITIATIVES

11.7 GS YUASA CORPORATION.
11.7.1 BUSINESS DESCRIPTION
11.7.2 FINANCIAL PERFORMANCE
11.7.3 SWOT ANALYSIS
11.7.4 PRODUCTS AND SERVICES OFFERED
11.7.5 STRATEGIC INITIATIVES

11.8 EVAPCO, INC.
11.8.1 BUSINESS DESCRIPTION
11.8.2 FINANCIAL PERFORMANCE
11.8.3 SWOT ANALYSIS
11.8.4 PRODUCTS AND SERVICES OFFERED
11.8.5 STRATEGIC INITIATIVES

11.9 SAMSUNG SDI CO., LTD.
11.9.1 BUSINESS DESCRIPTION
11.9.2 FINANCIAL PERFORMANCE
11.9.3 SWOT ANALYSIS
11.9.4 PRODUCTS AND SERVICES OFFERED
11.9.5 STRATEGIC INITIATIVES

11.10 SAFT GROUPE S.A.
11.10.1 BUSINESS DESCRIPTION
11.10.2 FINANCIAL PERFORMANCE
11.10.3 SWOT ANALYSIS
11.10.4 PRODUCTS AND SERVICES OFFERED
11.10.5 STRATEGIC INITIATIVES

11.11 BALTIMORE AIRCOIL COMPANY, INC.
11.11.1 BUSINESS DESCRIPTION
11.11.2 FINANCIAL PERFORMANCE
11.11.3 SWOT ANALYSIS
11.11.4 PRODUCTS AND SERVICES OFFERED
11.11.5 STRATEGIC INITIATIVES

11.12 ABB LTD.
11.12.1 BUSINESS DESCRIPTION
11.12.2 FINANCIAL PERFORMANCE
11.12.3 SWOT ANALYSIS
11.12.4 PRODUCTS AND SERVICES OFFERED
11.12.5 STRATEGIC INITIATIVES

11.13 TESLA, INC.
11.13.1 BUSINESS DESCRIPTION
11.13.2 FINANCIAL PERFORMANCE
11.13.3 SWOT ANALYSIS
11.13.4 PRODUCTS AND SERVICES OFFERED
11.13.5 STRATEGIC INITIATIVES

11.14 HITACHI
11.14.1 BUSINESS DESCRIPTION
11.14.2 FINANCIAL PERFORMANCE
11.14.3 SWOT ANALYSIS
11.14.4 PRODUCTS AND SERVICES OFFERED
11.14.5 STRATEGIC INITIATIVES

11.15 SAFT GROUPE S.A.
11.15.1 BUSINESS DESCRIPTION
11.15.2 FINANCIAL PERFORMANCE
11.15.3 SWOT ANALYSIS
11.15.4 PRODUCTS AND SERVICES OFFERED
11.15.5 STRATEGIC INITIATIVES

The global Advanced Energy Storage Technologies market research analysis has been studied from the year 2016 till 2025. However, the CAGR provided in the business intelligence report is from the year 2017 to 2025. The market research method involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process.

Energy Storage Technologies

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the advanced energy storage technologies market.

Energy Storage Technologies

The primary survey research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.

Energy Storage Technologies

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the company’s manufacturing advanced Energy Storage Technologies, and customer analytics.

Energy Storage Technologies

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Redline Communications
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Cablel
  • Client of Global Market Estimates - Carbotainer
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Evermore
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - infinium
  • Client of Global Market Estimates - Rusada
  • Client of Global Market Estimates - Shield Scientific
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Atlas
  • Client of Global Market Estimates - Bitumar
  • Client of Global Market Estimates - Hidrostal
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Now-Plastics
  • Client of Global Market Estimates - Playment
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Surestar
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Tension Packaging
  • Client of Global Market Estimates - Toray