Press release
Energy Storage System Market 2019 to Boom $3, 58, 545.98 Million Value by 2026 at a CAGR of 7.2% – Analytical Research Cognizance
Global Energy Storage System market is accounted for $ 1, 92, 121.12 million in 2017 and is expected to reach $3, 58, 545.98 million by 2026 growing at a CAGR of 7.2% during the forecast period. The factors driving the market growth are an expansion in increasing consumer awareness regarding energy efficiency and increasing acceptance of hybrid and electric vehicles. However, Hazardous environmental impact is restraining the market.
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Energy storage is the imprison of energy produced at one time for use at a later time. It involves converting energy from forms that are difficult to store to more expediently storable forms. Some technologies provide short-term energy storage, while others can endure for much longer.
By Technology, Thermal Storage segment is driven during the forecast period. It considered being the primary renewable option for electrical energy. Based on geography, the Asia Pacific in the global scenario has a positive impact on the market due to increasing power consumption has resulted in the need for storage space systems.
Some of the key players in the Energy Storage System market are: Active Power, Electrovaya, Altairnano, Maxwell Technologies, Inc., LG Chem, Samsung SDI Co., Ltd., NEC Energy Solutions, Ecoult, General Electric, The Furukawa Battery Co., Ltd., Saft, EnSync, Inc., Kokam, Hitachi Chemical Co., Ltd. and Fluence.
Technologies Covered:
Thermal Storage
Electro Chemical
Mechanical Energy Storage
Redox Flow Battery
Other Technologies
Applications Covered:
Transportation
Grid Storage
End Users Covered:
Utility
Residential
Automotive
Non-Residential
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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East and Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (note:Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Some Points of TOC:
Chapter One: Executive Summary
Chapter Two: Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
Chapter Three: Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Futuristic Market Scenario
Chapter Four: Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
Chapter Five: Global Energy Storage System Market, By Technology
5.1 Introduction
5.2 Thermal Storage
5.3 Electro Chemical
5.3.1 Nickel Cadmium
5.3.2 Lithium Ion Battery
5.3.3 Flow Battery
5.3.4 Lead Acid Battery
5.3.5 Sodium Sulphur (NAS) Battery
5.3.6 Other Electro Chemicals
5.4 Mechanical Energy Storage
5.4.1 Compressed Air and Liquid Air Energy Storage
5.4.2 Pumped Hydro Energy Storage
5.4.3 Flywheel Energy Storage
5.5 Redox Flow Battery
5.6 Other Technologies
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Matt Wilson,
Manager – Global Sales
Analytical Research Cognizance
+1 (646) 434-7969, +91 90967 44448
sales@arcognizance.com
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