Press release
Advanced Energy Storage Systems Market Insights | Key Players include ABB Ltd., LG Chem. Ltd, Samsung SDI Co. Ltd, General Electric Company and Tesla Inc.
According to the new market research report "Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022, to reach a market size of USD 19.04 Billion by 2022. 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. Factors driving the energy storage systems market include energy arbitrage opportunities, increasing renewable energy installations, and growth in the electric vehicles market globally.Don’t miss out on business opportunities in Advanced Energy Storage Systems Market. Speak to our analyst and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1306
Target Audience:
• 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
Browse and in-depth TOC on "Advanced Energy Storage Systems Market"
69 - Tables
54 - Figures
157 - Pages
View more detailed TOC @
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The advanced energy storage systems market has been segmented based on application, into transportation and grid storage. The growth in this segment is primarily driven by increasing deployment of lithium-ion batteries in the electric vehicles market. Moreover, grid expansion and investment in modern infrastructure in developing countries also present opportunities for the growth.
Asia Pacific: The leading market for advanced energy storage systems
In this report, the advanced energy storage systems market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The energy storage systems market is expanding in developing countries owing to the progress in renewable energy installations and growth in the electric vehicles market. The Asia Pacific energy storage systems market is expected to dominate the global AESS market, with the highest share. The region is expected to maintain its dominance in the energy storage systems market during the forecast period.
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Leading players in the advanced energy storage systems market include ABB Ltd. (Switzerland), LG Chem, Ltd.( South Korea) , Samsung SDI Co., Ltd (South Korea), General Electric Company (US), and Tesla, Inc. (US).
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