Tag Archives: Advanced Energy Storage System Market

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Advanced Energy Storage Systems Market worth $19.04 Billion by 2022

According to the new market research report „Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region – Global Forecast to 2022“, published by MarketsandMarkets™, The advanced energy storage systems market is expected to grow from an estimated USD 12.73 Billion in 2017 to USD 19.04 Billion by 2022, registering a CAGR of 8.38%, from 2017 to 2022. Energy arbitrage opportunities, renewable energy installations, and growing electric vehicles market are driving the energy storage systems market globally.


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Energy storage system in transportation application is expected to emerge as a major segment in the AESS market, during the forecast period.

The transportation segment accounted for a major share in the advanced energy storage systems market. Lithium-Ion batteries held a major share in the transportation sector in 2016. Battery-powered vehicles available today include hybrid vehicles, plug-in hybrid vehicles, and electric vehicles. With ongoing research and development activities by major automotive companies, the usage of lithium-ion batteries is expected to increase at a rapid rate in electric vehicles by 2022.


Browse and in-depth TOC on „Advanced Energy Storage Systems Market

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The lithium-ion sub-segment is expected to hold the largest share of the advanced energy storage systems market during the forecast period.

The lithium-ion battery sub-segment, within the technology segment, led the advanced energy storage systems market in 2016, and is projected to dominate the market during the forecast period. It is also expected to grow at the fastest rate during the forecast period. Varied applications of this technology including its use in large transportation applications is contributing to its growth and a larger market share.

The pumped hydro sub-segment is also one of the major segment in the advanced energy storage systems market and the growth in this market is expected to be driven by the commencement of the new utility scale pumped hydro energy storage projects in the Asia Pacific region.


Asia Pacific: The leading market for advanced energy storage systems

In this report, the advanced energy storage systems market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The energy storage systems market is expanding in developing countries owing to the progress in renewable energy installations and growth in the electric vehicles market. The Asia Pacific energy storage systems market is expected to dominate the global AESS market, with the highest share. The region is expected to maintain its dominance in the energy storage systems market during the forecast period.


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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the advanced energy storage systems market. These players include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), Samsung SDI Co, Ltd (South Korea) and Tesla, Inc. (US).


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Advanced Energy Storage System Market Size, Share, Growth, Opportunities, and Forecast : 2018 – 2026

Future Industry Insight recently added new research report titled “Advanced Energy Storage System Market– Global Industry Insight, Market Share, Industry Size, Market Growth and Opportunities, Forecast – 2018 – 2026″. This latest industry research study scrutinizes the Advanced Energy Storage System Market by different segments, companies, regions and countries over the forecast period 2018 to 2026.

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Target Audience:
Market Manufacturers
Raw Material Suppliers
Research Consultants
Traders, Distributors, and Suppliers
Government & Regional Agencies and Research Organizations
Investment Research Firms

Advanced Energy Storage System Market research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Historical & Forecast Period:
2016 – Historical Year for Advanced Energy Storage System Market
2017 – Base Year for Advanced Energy Storage System Market
2018-2026 – Forecast Period for Advanced Energy Storage System Market

“Advanced Energy Storage System Market” offers a primary overview of the Advanced Energy Storage System Market industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Advanced Energy Storage System Market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Advanced Energy Storage System Market industry.

Scope of the Report:
The research study scrutinizes the global Advanced Energy Storage System Markets industry from 360-degree perspective, considering multiple facets some of which are as listed below:
⦁ Key Developments
⦁ Market Overview
⦁ Market Growth
⦁ Market Segments
⦁ Market Dynamics
⦁ Market Size
⦁ Supply & Demand
⦁ Current Trends/Issues/Challenges
⦁ Competition & Companies involved
⦁ Technology
⦁ Value Chain
⦁ Import and Export Overview
⦁ Market Trends and Future Outlook
⦁ Market Opportunistic and Attractive Investment Segment

By Type:
⦁ Research Methodology
⦁ Research Scope
⦁ Executive Market Summary: Industry Snapshot
⦁ Industry Outlook
⦁ Critical Success Factors (CSFs) for the Market
⦁ Market Dynamics
⦁ Key Opportunities
⦁ Market Porters Five Force Analysis
⦁ Market Value Chain/Ecosystem Analysis
⦁ Market Attractive Investment Proposition
⦁ Market PESTEL Analysis
⦁ Market Positioning of Key Vendors
⦁ Market Segmentation Outlook
⦁ Regional Outlook
⦁ Company Profiles of Key Vendors

Regional analysis includes

⦁ North America
⦁ Latin America
⦁ Asia
⦁ Oceania
⦁ Western Europe
⦁ Rest of the World

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint.

About Us:

Future Industry Insight Inc. focuses on custom research, management consulting, IPO consulting, industry chain research, and data base &seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 15 years experiences on marketing.

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