Press release
Global Energy Storage Market: Key Players, Trends, Business Opportunities till 2028
Evolve Business Intelligence
For more information on the report: https://evolvebi.com/product/energy-storage-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the energy storage market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the energy storage market report also includes the following data points:
• COVID19 Impact on energy storage market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the energy storage market
Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario induced economic downturn has hampered energy storage deployment. This has been majorly due to project components shipment cancellation, travel restriction across the globe which has hindered the visit to the site, and government permitting agency had been closed, among others.
Competitive Scenario
Some of the major Energy Storage players holding high market share include ABB Ltd., AES Energy Storage, Beacon Power, and BYD Company Limited. These players adopt new product development and expansion as a key strategy to gain significant market share to compete with market leaders.
Segmental Analysis
The report's aim is to provide a holistic market overview based on type, connectivity type, and application. Based on type, the Energy Storage market is segmented into Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy Storage (FES), Others. The Energy Storage market is segmented based on application into Residential, Commercial, and Industrial.
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the energy storage market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The key players profiled in the report are:
• ABB Ltd.
• AES Energy Storage, LLC
• Beacon Power
• BYD Company Limited
• Convergent Energy and Power Inc.
• Greensmith Energy Management Systems
• Eos Energy Storage
• Seeo, Inc.
• S&C Electric Company
• LG Chem.
To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/energy-storage-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the energy storage market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the energy storage market
• To provide an overview of the value chain analysis pertaining to the energy storage industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall energy storage market
• To analyze opportunities in the market by identifying high-growth segments of the Energy Storage market
• To profile key players in the energy storage market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global energy storage market
Evolve Business Intelligence
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Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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