Global Energy Storage Systems Market is Worth US$ 1 Billion By 2025
January 12, 2018 --
Florida, January 12, 2018: The Global Energy Storage Systems Market is segmented on the lines of its delivery technology, application and regional. Based on technology range it covers (Electro Chemical, Thermal Storage, Mechanical Energy Storage and Other Storage Technologies); based on application it covers (Transportation and Grid Storage). The Global Energy Storage Systems Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
Energy Storage Systems are equipment that can efficiently and conveniently store multiple varieties of energy which will be utilized as per requirement, as example Li-ion batteries.
The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as a primary power source in electric vehicles.
The global Energy Storage Systems Market is expected to exceed more than US$ 1 Billion by 2025 in the given forecast period.
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The major driving factors of Global Energy Storage Systems Market are as follows:
- Increasing Renewable Energy Investments
- Energy Arbitrage
- Regulations Demanding Energy Efficiency
The restraining factors of Global Energy Storage Systems Market are as follows:
- High Capital Investments
- Hazardous Environmental Impact
The opportunities factors of Global Energy Storage Systems Market are as follows:
- Grid Expansion and Investment in the Modern Infrastructure
- Growing Opportunity for Commercial and Residential Applications
The Challenges factors of Global Energy Storage Systems Market are as follows:
- Dynamic Valuations
- Regulatory Treatment
This report provides:
1) An overview of the Global market for energy storage systemsand related technologies.
2) Analyses of Global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans for GlobalEnergy Storage Systems Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of Global Energy Storage Systems Market with the reasons given for variations in the growth of the industry in certain regions.
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The Global Energy Storage Systems Market has been segmented as below:
By Application Type:
- Grid Storage
By Technology Type:
- Electro Chemical
- Lithium-Ion battery
- Lead Acid battery
- Sodium Sulfur (NaS) battery
- Flow battery
- Nickel Metal Hydride (NiMH) & Nickel Metal Cadmium (NiCd)
- Pumped Hydro
- Compressed Air Energy Storage (CAES) & Liquid Air Energy Storage (LAES)
- Thermal Storage
- Thermo Chemical
By Regional Analysis:
- North America
- Rest of the World
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