Study of the annual revenue and market developments of major players providing advanced energy storage technologies. Analysis of major end-users and demand for advanced energy storage systems. Assessment of future trends and growth of advanced energy storage systems.
“The advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022.”
The advanced energy storage systems market is projected to reach USD 19.04 billion by 2022, at a CAGR of 8.38%, from 2017 to 2022.
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The increasing renewable energy investments, reducing costs lithium-ion battery, and electrification of the transportation sector are the major drivers of the advanced energy storage systems market.
High capital requirement for some of the technologies, hazardous environmental impact of batteries, and lack of common codes and standards in the energy storage industry could hinder the growth of the AESS market.
“The lithium-ion sub-segment, within the technology segment, is expected to grow at the highest CAGR, from 2017 to 2022.”
The lithium-ion battery sub-segment, within the technology segment, is likely to grow at the highest CAGR, during 2017 to 2022.It led the electro chemical technology segment sector within the advanced energy storage systems market in 2016 and is projected to dominate the market during the forecast period.
This particular market is expected to grow in the future as a result of rapid growth in the electric vehicles market coupled with the falling cost of these batteries. Furthermore, technological advancements and the rapid involvement of domestic manufacturers to cater to the varied applications demand for lithium-ion batteries are some of the reasons behind the segment’s strong hold in the market.
Report on Advanced Energy Storage Systems Market 2017-2022 spreads across 157 pages profiling 14 companies and supported with 69 tables and 54 figures available at www.rnrmarketresearch.com/contacts…ount?rname=136968
*Top 14 Companies Analysed for This Study are - Leading players in the advanced energy storage systems market include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), General Electric Company (US), Samsung SDI Co ltd.
(South Korea), GS Yuasa Corporation (Japan), Siemens Ltd.(Germany), Panasonic Corporation (Japan), CALMAC (US), Baltimore Aircoil Company, Inc (US), Tesla Inc. (US), Evapco, Inc. (US), Saft Groupe S.A (France), Hitachi Ltd (Japan), and BYD Company Ltd (China).
The target audience for this report includes:
- 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
- Microgrid Developers
- Renewable Power Generation and Equipment Manufacturing Companies
- State and National Regulatory Authorities
Key point from table of content
6 Advanced Energy Storage Systems Market, By Application
6.3 Grid Storage
7 Advanced Energy Storage Systems Market, By Technology
7.2 Electro Chemical
7.2.1 Lithium-Ion Battery
7.2.2 Lead Acid Battery
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