What is Advanced Energy Storage Market?
Advanced Energy storage is constantly evolving in the technological sector. The constant electricity production coupled with high variation in the demand is the primary reason for the deficit worldwide. Rising concerns regarding energy conservation and transition from fossil fuels to alternative sources are expected to surge demand for advanced storage systems over the forecast period.
Highlights from Advanced Energy Storage Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Active Power, Inc. (United States), Aes Energy Storage, Llc (United States), Alevo Group S.A. (Switzerland), Altair Nanotechnologies, Inc. (Canada), Amber Kinetics, Inc. (United States), Areva (France), Ashlawn Energy, Llc (United States), Axion Power International, Inc. (United States), Beacon Power, Llc (United States), Abb Ltd. (India), Calnetix Technologies, Llc (United States), Dresser-Rand Group, Inc. (United States), Ecoult (Australia), Electrochaea Gmbh (Germany), Encell Technology, Inc. (United States), Ensync Energy Systems, Inc. (United States), Exide Technologies (United States), General Electric Company (United States), Gridflex Energy, Llc (United States), Highview Enterprises Ltd. (United Kingdom), Hitachi, Ltd. (Japan), Hyper Tech Research, Inc. (United States), Ims Group As (Norway), Itm Power Plc (United Kingdom), Kokam Co., Ltd (Korea), Leclanch Sa (Switzerland), Lg Chem (Korea), Lightsail Energy (United States), Maxwell Technologies, Inc. (United States), Mcphy Energy S.A. (France), Nec Energy Solutions (Japan) and Proton Onsite (United States) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Advanced Energy Storage market throughout the forecasted period.
Active Power, Inc. (United States), Aes Energy Storage, Llc (United States), Alevo Group S.A. (Switzerland), Altair Nanotechnologies, Inc. (Canada), Amber Kinetics, Inc. (United States), Areva (France), Ashlawn Energy, Llc (United States), Axion Power International, Inc. (United States), Beacon Power, Llc (United States), Abb Ltd. (India), Calnetix Technologies, Llc (United States), Dresser-Rand Group, Inc. (United States), Ecoult (Australia), Electrochaea Gmbh (Germany), Encell Technology, Inc. (United States), Ensync Energy Systems, Inc. (United States), Exide Technologies (United States), General Electric Company (United States), Gridflex Energy, Llc (United States), Highview Enterprises Ltd. (United Kingdom), Hitachi, Ltd. (Japan), Hyper Tech Research, Inc. (United States), Ims Group As (Norway), Itm Power Plc (United Kingdom), Kokam Co., Ltd (Korea), Leclanch Sa (Switzerland), Lg Chem (Korea), Lightsail Energy (United States), Maxwell Technologies, Inc. (United States), Mcphy Energy S.A. (France), Nec Energy Solutions (Japan) and Proton Onsite (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Redflow Limited (Australia), Saft Groupe S.A. (France), Samsung Sdi Co., Ltd. (South Korea), Siemens Ag (Germany), Temporal Power (Canada), Tesla, Inc. (United States), Tianjin Lishen Battery Co., Ltd. (China), Toshiba International Corporation (United States), Vizn Energy Systems, Inc. (United States), Ngk Insulators, Ltd. (Japan) and Byd Co. Ltd. (China). Advanced Energy Storage Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Transportation, Grid Storage and Others |
Technology | Mechanical,Thermal,Electro Chemical,Others |
Storage Type | Batteries,Flywheels,Compressed Air Storage,Pumped Hydro-Power,Others |
On the basis of geography, the market of Advanced Energy Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Software integration for management of energy storage systems and Extensive Research And Development For Development Of Sustainable Energy Sources
Market Growth Drivers:
Increased Adoption Of Energy Storage Systems In Transportation, Increasing Adoption Of Renewable Energy, Advanced Energy Storage Technologies and Rising Investments In Energy Storage Projects
Restraints:
High Cost Associated With The Overall Storage System
Opportunities:
Global Focus To Cut Down On Carbon Dioxide Emission And Introduce Electric Vehicles, Increasing Renewable Energy Installations and Aging Energy Infrastructure
Key Target Audience
Advanced energy storage system technology providers, Electric utilities, Grid operators, Energy storage device/equipment manufacturers and integrators, Government agencies, Investors and financial community professionals, Market research and consulting firms, Micro grid developers, Renewable power generation and equipment manufacturing companies and State and national regulatory authorities