Advanced Energy Storage Systems Market Analysis By Technology (Batteries, Flywheel, Thermal, Compressed Air, Molten Salt) And Segment Forecasts To 2022
The advanced energy storage systems market worldwide is projected to attain a market size of USD 6.9 billion by year 2022. Rise in adoption rate for utility scale power generation specifically while peak hours is anticipated to increase the demand for advanced energy storage systems. These systems play a key role in managing the energy resources efficiently along with the reduction in the need for……..
The advanced energy storage systems market worldwide is projected to attain a market size of USD 6.9 billion by year 2022. Rise in adoption rate for utility scale power generation specifically while peak hours is anticipated to increase the demand for advanced energy storage systems. These systems play a key role in managing the energy resources efficiently along with the reduction in the need for utility scale power generation plants. The mentioned factor considerably helps in lowering the fixed cost and would play an important role in driving the market growth during the forecast period.
Strict government regulations pertaining to the use of fossil fuels intended for the power generation is also anticipated to drive the growth of advanced energy storage systems market. The advanced energy storage systems would help to keep a check on the greenhouse gases (GHG) such as CO2 generated in process through the power plants. These systems enable the energy storage after generation and are proficient of providing back up power during the excess power demand i.e. peak hours.
Key findings from the study:
In 2014, Thermal energy storage systems emerged as the largest technology segment by installed capacity accounting for more than 40% of the market worldwide. The capability to offer high efficiency in context to the energy storage and power backup during the peak load hours is anticipated to play a key role in driving the market growth.
Currently, the battery storage devices market is in its initial phase and is anticipated to experience the fastest growth of more than 18% CAGR during the forecast period. The market has tremendous potential attributed to the re-energization of electrolyte liquid and easy charging properties.
In 2014, the North American market dominated this market accounting for more than 45% of the total installed capacity worldwide. Strict government regulations pertaining to the environmental emissions are projected to drive the increase in the installations of advanced energy storage systems, especially in the U.S.
Asia Pacific market is estimated to experience the fastest market growth i.e. more than 18% CAGR during the forecast period. Rise in industrialization and betterment in consumer lifestyle has drove the energy demand thereby augmenting the advanced energy storage systems market in this region.
With the technology driven base of this market, the major market participants such as LG Chem, AES Energy Storage, GE and Alevo are strategically focusing on heavy investments in R&D. These players are striving to gain competitive advantage through the development of breakthrough technologies.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Advanced Energy Storage Systems Market - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 3. Advanced Energy Storage Systems Industry Outlook
3.1. Advanced energy storage systems market segmentation
3.2. Advanced energy storage systems market size and growth prospects, 2012 - 2022
3.3. Advanced energy storage systems market - Value chain analysis
3.3.1. Vendor landscape
3.4. Installed capacities worldwide, by technology, 2014
3.5. Regulatory framework
3.6. Advanced energy storage systems market dynamics
3.6.1. Market driver analysis
3.6.1.1. Increasing advanced energy demand
3.6.1.2. Favorable regulatory scenario
3.6.1.3. Positive Electric Vehicle market outlook
3.6.2. Market restraint analysis
3.6.2.1. High capital cost
3.7. Key market opportunities - Prioritized
3.8. Industry analysis - Porter's
3.9. Advanced energy storage systems market PESTEL analysis, 2014
Chapter 4. Advanced Energy Storage Systems Technology Outlook
4.1. Global Advanced Energy Storage Systems market share by technology, 2014 & 2022
4.2. Batteries
4.2.1. Market estimates and forecast, 2012 - 2022
4.2.2. Market estimates and forecast, by region, 2012 - 2022
4.3. Flywheels
4.3.1. Market estimates and forecast, 2012 - 2022
4.3.2. Market estimates and forecast, by region, 2012 - 2022
4.4. Thermal
4.4.1. Market estimates and forecast, 2012 - 2022
4.4.2. Market estimates and forecast, by region, 2012 - 2022
4.5. Molten Salt
4.5.1. Market estimates and forecast, 2012 - 2022
4.5.2. Market estimates and forecast, by region, 2012 - 2022
4.6. Compressed Air
4.6.1. Market estimates and forecast, 2012 - 2022
4.6.2. Market estimates and forecast, by region, 2012 - 2022
Chapter 5. Advanced Energy Storage Systems Regional Outlook
5.1. Global advanced energy storage systems market share by region, 2014 & 2022
5.2. North America
5.2.1. North America market estimates and forecast, 2012 - 2022
5.2.2. North America market estimates and forecast, by technology, 2012 - 2022
5.2.3. U.S.
5.2.3.1. U.S. market estimates and forecast, 2012 - 2022
5.2.3.2. U.S. market estimates and forecast, by technology, 2012 - 2022
5.3. Europe
5.3.1. Europe market estimates and forecast, 2012 - 2022
5.3.2. Europe market estimates and forecast, by technology, 2012 - 2022
5.3.3. Germany
5.3.3.1. Germany market estimates and forecast, 2012 - 2022
5.3.3.2. Germany market estimates and forecast by technology, 2012 - 2022
5.3.4. UK
5.3.4.1. UK market estimates and forecast, 2012 - 2022
5.3.4.2. UK market estimates and forecast by technology, 2012 - 2022
5.4. Latin America
5.4.1. Latin America market estimates and forecast, 2012 - 2022
5.4.2. Latin America market estimates and forecast by technology, 2012 - 2022
5.4.3. Brazil
5.4.3.1. Brazil market estimates and forecast, 2012 - 2022
5.4.3.2. Brazil market estimates and forecast by technology, 2012 - 2022
5.5. Asia Pacific
5.5.1. Asia Pacific market estimates and forecast, 2012 - 2022
5.5.2. Asia Pacific market estimates and forecast by technology, 2012 - 2022
5.5.3. China
5.5.3.1. China market estimates and forecast, 2012 - 2022
5.5.3.2. China market estimates and forecast by technology, 2012 - 2022
5.5.4. India
5.5.4.1. India market estimates and forecast, 2012 - 2022
5.5.4.2. India market estimates and forecast by technology, 2012 - 2022
5.5.5. Japan
5.5.5.1. Japan market estimates and forecast, 2012 - 2022
5.5.5.2. Japan market estimates and forecast by technology, 2012 - 2022
5.6. MEA
5.6.1. MEA market estimates and forecast, 2012 - 2022
5.6.2. MEA market estimates and forecast by technology, 2012 - 2022
5.6.3. Saudi Arabia
5.6.3.1. Saudi Arabia market estimates and forecast, 2012 - 2022
5.6.3.2. Saudi Arabia market estimates and forecast by technology, 2012 - 2022
Chapter 6. Competitive Landscape
6.1. AES Energy Storage
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Alevo
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. GE
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. LG Chem
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. ZBB systems
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. A123 Systems, Llc.
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. Active Power, Inc.
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Altair Nanotechnologies Inc
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. China Bak Battery Inc.
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Electrovaya Inc.
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. Energizer Holdings Inc.
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives
6.12. Enersys
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Strategic Initiatives
6.13. Exide Technologies
6.13.1. Company Overview
6.13.2. Financial Performance
6.13.3. Product Benchmarking
6.13.4. Strategic Initiatives
6.14. GS Yuasa Corporation
6.14.1. Company Overview
6.14.2. Financial Performance
6.14.3. Product Benchmarking
6.14.4. Strategic Initiatives
6.15. Hitachi
6.15.1. Company Overview
6.15.2. Financial Performance
6.15.3. Product Benchmarking
6.15.4. Strategic Initiatives
6.16. Maxwell Technologies Inc.
6.16.1. Company Overview
6.16.2. Financial Performance
6.16.3. Product Benchmarking
6.16.4. Strategic Initiatives
6.17. Nippon Chemi-Con Corporation
6.17.1. Company Overview
6.17.2. Financial Performance
6.17.3. Product Benchmarking
6.17.4. Strategic Initiatives
6.18. SAFT
6.18.1. Company Overview
6.18.2. Financial Performance
6.18.3. Product Benchmarking
6.18.4. Strategic Initiatives
6.19. Samsung SDI Co. Ltd.
6.19.1. Company Overview
6.19.2. Financial Performance
6.19.3. Product Benchmarking
6.19.4. Strategic Initiatives
6.20. The Furukawa Battery Co. Ltd
6.20.1. Company Overview
6.20.2. Financial Performance
6.20.3. Product Benchmarking
6.20.4. Strategic Initiatives
6.21. Alstom
6.21.1. Company Overview
6.21.2. Financial Performance
6.21.3. Product Benchmarking
6.21.4. Strategic Initiatives
6.22. Kokam
6.22.1. Company Overview
6.22.2. Financial Performance
6.22.3. Product Benchmarking
6.22.4. Strategic Initiatives
6.23. Ecoult Energy Storage Solutions
6.23.1. Company Overview
6.23.2. Financial Performance
6.23.3. Product Benchmarking
6.23.4. Strategic Initiatives
6.24. Duke Energy
6.24.1. Company Overview
6.24.2. Financial Performance
6.24.3. Product Benchmarking
6.24.4. Strategic Initiatives
List of Tables
1. Advanced Energy Storage Systems – Industry Summary & Key Buying Criteria
2. Advanced energy storage systems – Key market driver analysis
3. Advanced energy storage systems – Key market restraint analysis
4. Global advanced energy storage systems market estimates and forecast, by technology, (MW) (USD Million)
5. Global battery advanced energy storage systems market estimates and forecast, (MW) (USD Million)
6. Global battery advanced energy storage systems market estimates and forecast by region, (MW)
7. Global battery advanced energy storage systems market estimates and forecast by region, (USD Million)
8. Global flywheel advanced energy storage systems market estimates and forecast, (MW) (USD Million)
9. Global flywheel advanced energy storage systems market estimates and forecast by region, (MW)
10. Global flywheel advanced energy storage systems market estimates and forecast by region, (USD Million)
11. Global thermal advanced energy storage systems market estimates and forecast, (MW) (USD Million)
12. Global thermal advanced energy storage systems market estimates and forecast by region, (USD Million)
13. Global thermal advanced energy storage systems market estimates and forecast by region, (MW)
14. Global molten salt advanced energy storage systems market estimates and forecast, (MW) (USD Million)
15. Global molten salt advanced energy storage systems market estimates and forecast by region, (USD Million)
16. Global molten salt advanced energy storage systems market estimates and forecast by region, (MW)
17. Global compressed air advanced energy storage systems market estimates and forecast, (MW) (USD Million)
18. Global compressed air advanced energy storage systems market estimates and forecast by region, 2012 – 2022 (MW)
19. Global compressed air advanced energy storage systems market estimates and forecast by region, 2012 – 2022 (USD Million)
20. Global advanced energy storage systems market estimates and forecast, by region, 2012-2022 (MW) (USD Million)
21. North America advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
22. North America advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
23. North America advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
24. U.S. advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
25. U.S. advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
26. U.S. advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
27. Europe advanced energy storage systems market estimates and forecast, (MW) (USD Million)
28. Europe advanced energy storage systems market revenue estimates and forecast by technology, 2012-2022 (MW)
29. Europe advanced energy storage systems market revenue estimates and forecast by technology, 2012-2022 (USD Million)
30. Germany advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
31. Germany advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
32. Germany advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
33. UK advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
34. UK advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
35. UK advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
36. Asia Pacific advanced energy storage systems market estimates and forecast, (MW) (USD Million)
37. Asia Pacific advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
38. Asia Pacific advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
39. China advanced energy storage systems market estimates and forecast, (MW) (USD Million)
40. China advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
41. China advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
42. India advanced energy storage systems market estimates and forecast, (MW) (USD Million)
43. India advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
44. India advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
45. Japan advanced energy storage systems market estimates and forecast, (MW) (USD Million)
46. Japan advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
47. Japan advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
48. Latin America advanced energy storage systems market estimates and forecast, (MW) (USD Million)
49. Latin America advanced energy storage systems market estimates and forecast by technology, 2012-2022(MW)
