Press release
Advanced Energy Storage Systems Market Global Leaders: ABB Limited, Siemens A.G, Toshiba Corporation.
Geographically, the global advanced energy storage systems market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, Europe is projected to dominate the market during the forecast period. The major factors driving the growth of the market here are the increasing number of pumped hydro storage projects. Moreover, The Europe is addressing these new challenges in the energy system by promoting innovation in key technologies and developing suitable market rules. Technological innovation in storage falls under the Horizon 2020 programme and the Strategic Energy Technology Plan. Also, substantial growth is expected in regions such as, North America, and Asia Pacific, as these region are rapidly increasing their power generation capacity.
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Key Players
• Yuasa Corporation
• Samsung SDI Co. Ltd.
• Hitachi Limited
• Toshiba Corporation
• ABB Limited
• Siemens A.G.
• Alstom
• Exide Technologies
• L.G. Chem. Limited
Advanced energy storage systems Global Market – Segmentation
The scope of global advanced energy storage systems market is segmented into two major segments which are explained below:
By Technology
• Batteries
• Flywheels
• Compressed Air Storage
• Thermal
• Pumped Hydro-power
• Others
By Application
• Power
• Automotive
• Others
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Market Research Analysis
The global market for advanced energy storage systems seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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