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Global Energy Storage Systems (ESS) Market Growth, CAGR Value, Insights, Forecast to 2025

10-21-2019 01:19 PM CET | Energy & Environment

Press release from: Valuates Reports

The Energy Storage Systems (ESS) market was valued at 2796.8 Million US$ in 2018 and is projected to reach 14840 Million US$ by 2025, at a CAGR of 26.9% during the forecast period.

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Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
In the coming years there is an increasing demand for Energy Storage Systems (ESS) in the regions of Europe and United States that is expected to drive the market for more advanced Energy Storage Systems (ESS). Increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Energy Storage Systems (ESS) will drive growth in global market.

The Energy Storage Systems (ESS) industry market is low concentrated as the manufacturing technology of Energy Storage Systems (ESS) is relatively matures than some high-tech equipment. And some enterprises, like Samsung SDI, LG Chem, Hitachi, Kokam, etc. are well-known for the wonderful performance of their Energy Storage Systems (ESS) and related services. At the same time, Asia-Pacific, occupied 40% sales market share in 2018, is remarkable in the global Energy Storage Systems (ESS) industry because of their lowest cost of raw material and labor.

The following manufacturers are covered in this report:

• Samsung SDI
• LG Chem
• Hitachi
• Kokam
• Fluence Energy
• LSIS
• SMA Solar Technology
• NGK
• General Electric
• Primus
• Panasonic
• BYD
• Younicos
• ABB
• Saft Batteries
• Lockheed Martin Energy
• Eos Energy Storage
• Con Edison Solutions

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Energy Storage Systems (ESS) Breakdown Data by Type

• Lithium
• Lead Acid
• NaS
• Others

Energy Storage Systems (ESS) Breakdown Data by Application

• Residential
• Utility & Commercial

Energy Storage Systems (ESS) Production by Region

• United States
• Europe
• China
• Japan
• Other Regions

Inquire for Regional Report @ https://reports.valuates.com/request/regional/QYRE-Auto-358/Global_Energy_Storage_Systems

sales@valuates.com

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