openPR Logo
Press release

Global Energy Storage Market is expected to grow at a CAGR of 20.18%, during the forecast period | The key players of global energy storage market are AES Corporation , Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highvie

12-03-2018 11:53 AM CET | Energy & Environment

Press release from: Kenneth Research

Global Energy Storage Market is expected to grow at a CAGR

Introduction

Energy storage is a very diverse subject areas, it comprises from small to very large systems. Energy storage is broadly segmented into mechanical energy storage, electro-chemical energy storage, thermal storage and chemical storage. Energy storage systems have been dominating the renewable energy market as well conventional market in recent years because of the ability of store the energy in various forms and supply according to end user needs.

Energy storage market looks promising during the forecast period due to evolution in renewable energy power generation, gradual downfall in technology cost and increasing application of energy storage in all end-user industries. This is mainly because, energy storage systems are less polluting and produces less carbon emissions when compared with traditional conventional energy sources such as coal, oil and petroleum. Energy storage generation is helping in the fight against climate change as well as it is acting as a source of power for remote and off grid areas where still millions of global population lives. However, the growth of the market can be hindered by the due high initial capital investment and indistinct supervisory framework for energy storage systems. The global energy storage market is expected to grow at a CAGR of 20.18%, during the forecast period.

Key Players

The key players of global energy storage market are AES Corporation (U.S), Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highview Power Storage, Linde AG, Hydrogenics Corporation and SolarReserve, LLC.

Objective of Global Energy storage Market Analysis & Forecast, from 2016 to 2023
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on operating system.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Request For Free Sample https://www.kennethresearch.com/sample-request-10042940

Target Audience

• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager

Key Findings

• On the basis of type, the market is segmented as mechanical, electro-chemical, thermal storage, chemical energy storage. Thermal energy storage is projected to grow at the highest CAGR of 10.03% during the forecast period.
• On the basis of end-user, the market is segmented as utility, commercial & industrial and residential. Commercial & Industrial is projected to grow at the highest CAGR of 9.30% during the forecast period.
• Europe dominates the global energy storage market with 52.72% of share in 2016, in terms of value. It is expected to grow at a CAGR of 8.58% during the forecast period. North America is expected to grow at a CAGR of 8.02% during the forecast period and reach a market size of USD 1,948.9 million by 2023.

The regional analysis also includes -
• North America
U.S.
Canada
• Europe
Portugal
Switzerland
U.K.
Germany
Rest of Europe
• Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
• Rest of the World
Africa
Middle East
Latin America

Request For Customization https://www.kennethresearch.com/customization-request-10042940

Table of Contents:

1 Executive Summary

2 Introduction

2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology

3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics

4.1 Drivers
4.1.1 Evolution in renewable energy power generation
4.1.2 Gradual downfall in technology cost
4.1.3 Increasing application of energy storage in all end-user industries
4.2 Growth Drivers: Impact Analysis
4.3 Restraints
4.3.1 High initial capital investment
4.3.2 Indistinct supervisory framework
4.4 Growth Barriers: Impact Analysis
4.5 Opportunity
4.5.1 Investment in energy storage systems with grid expansion
4.5.2 Wide scope of development in end-user sectors

Read More https://www.kennethresearch.com/report-details/global-energy-storage-market/10042940

Contact Us

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 4620609

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Email :sales@kennethresearch.com

Phone :+1 313 462 0609

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Energy Storage Market is expected to grow at a CAGR of 20.18%, during the forecast period | The key players of global energy storage market are AES Corporation , Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highvie here

News-ID: 1411325 • Views:

More Releases from Kenneth Research

Global Cardiovascular Pharmaceuticals Market to be Propelled by Growing Investment in Research and Drug Development, and Increasing Prevalence of Heart Failure by CAGR of 5% During 2023- 2033
Global Cardiovascular Pharmaceuticals Market to be Propelled by Growing Investme …
Kenneth Research published a report titled "Cardiovascular Pharmaceuticals Market: Global Demand Analysis & Opportunity Outlook 2033" which delivers detailed overview of the global cardiovascular pharmaceuticals market in terms of market segmentation by drug class, distribution channel, indication and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with
Global Family Office Market to be Propelled by Surging Number of New Businesses by CAGR of ~5% During 2022 - 2031
Global Family Office Market to be Propelled by Surging Number of New Businesses …
Kenneth Research published a report titled "Family Office Market: Global Demand Analysis & Opportunity Outlook 2031" which delivers detailed overview of the global family office market in terms of market segmentation by services, type, net worth managed, and by region. Access Full Description: https://www.kennethresearch.com/report-details/family-office-market/10346745 Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that
Photomask Market Growth Analysis by Revenue, Size, Share, Scenario on Latest Tre …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Photomask Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which is
Embedded Systems Market 2020 New Innovations Trends, Research, Global Share and …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Embedded Systems Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which

All 5 Releases


More Releases for Energy

Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on
Energy As A Service Market by Top Manufacturers – WGL Energy Services, Engie, …
Global Energy as a service Market to reach USD 19,607.8 million by 2025. Global energy as a service market valued approximately USD 965.5 billion in 2017 is anticipated to grow with a healthy growth rate of 45.70 % over the forecast period 2018-2025. Growing potential of renewable energy is considered as a key trend for the Energy as a service market over the forecast period. As renewable energy is driving energy
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting
Global In-pipe Hydro Systems Market to 2025| Lucid Energy, Rentricity, Tecnoturb …
Albany, NY, 30th January : Recent research and the current scenario as well as future market potential of "In-Pipe Hydro Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally. Global In-pipe Hydro Systems Market: Overview This report analyzes and forecasts the market for in-pipe hydro systems at the global and regional level. The market has been forecast based on market share (percentages) and revenue (US$