Press release
Grid Scale Energy Storage Market 2021 by Industry Share, Growth Opportunities, Regions & Forecast by 2027| ABB, Beacon Power, Hydrostor, EnerVault
Global Grid Scale Energy Storage Market Research Report 2021The Global Grid Scale Energy Storage Market Research Report is an in-depth study that provides industry-wide insight into existing and emerging growth patterns, end-user analysis, and other key data that have been tested and validated by experts. and industry professionals. The report studies the market for importance, share, size, demand and supply, models, competitive landscape, industry chain analysis, and other significant factors. The Grid Scale Energy Storage market also provides a detailed overview of the driving forces of the industry, along with the micro and macroeconomic factors that are likely to affect its development
The Analysts forecast the global Grid Scale Energy Storage market to grow at a CAGR of 34.8 % during the period 2021-2027.
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Some of the Prominent Companies in this Grid Scale Energy Storage market are:
ABB, Beacon Power, Hydrostor, EnerVault, GE, Samsung SDI, S&C Electric, SustainX
INDUSTRY NEWS
Hydrostor Inc., a leader in Advanced Compressed Air Energy Storage (A-CAES), is pleased to announce that its subsidiary, Hydrostor Australia Pty Ltd, has been awarded a combined total of $9 million of grant funding for Australia's first A-CAES project, to be sited at a mine outside of Adelaide—the Angas Zinc Mine.
ABB has acquired 39 companies, including 8 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 6 assets.
ABB’s largest acquisition to date was in 2010, when it acquired Baldor Electric for $4.2B. It’s largest disclosed sale occurred in 2021, when it sold ABB - DODGE Mechanical Power Transmission Business to RBC Bearings for $2.9B. ABB has acquired in 8 different US states, and 15 countries. The Company’s most targeted sectors include electrical equipment (38%) and technology hardware (18%).
The Grid Scale Energy Storage market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.
MARKET SEGMENTATION
Grid Scale Energy Storage Market, by Type
Mechanical Energy
Chemical Energy
Electrochemical Energy
Thermal Energy
Electromagnetic Energy
Grid Scale Energy StorageMarket, by Application
Pumped Hydroelectric Storage System
Thermal Storage
Battery Storage
Compressed Air Energy Storage
Flywheel Storage
Molten Salt Storage
Grid Scale Energy Storage Market, by Region
Global Grid Scale Energy Storage Market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
REGIONAL ANALYSIS
China accounted for the largest revenue share in the region due to the ongoing initiatives and investments by the government to augment industry growth
North America is the most competitive and mature regional market. The lithium-ion battery segment leads the current market in U.S. Owing to the technological aspects and enhanced manufacturing capacity, these batteries have experienced a price decline of over 70% in the past few years and the prices are expected to decline in future.
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Goals and objectives of the study
Identify major market trends, developments, opportunities, and influencing factors in the worldwide Grid Scale Energy Storage market and its sub-segments.
For the global Grid Scale Energy Storage market, identify and analyse main industry categories and their corresponding frameworks.
Estimate the global size of the Grid Scale Energy Storage market and analyse it by type, application, and region.
Identify key players and analyse the business environment based on recent events and revenue segments.
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What does the Report Include?
The market report contains a complete analysis of the company’s major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. In addition, the research provides in-depth analysis of the market’s regional changes and how they will influence its growth during the forecast period.
Our research analysts gathered information from industry experts and used a variety of research approaches to compile this report. The competitive landscape provides more information on the companies’ strategies for maintaining market dominance between 2021 and 2026, including product launches, partnerships, mergers and acquisitions, and collaborations.
The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Grid Scale Energy Storage industry.
Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Grid Scale Energy Storage industry.
Different types and applications of Global Grid Scale Energy Storage industry, market share of each type and application by revenue.
Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Grid Scale Energy Storage industry.
PEST analysis of Global Grid Scale Energy Storage industry
SWOT analysis of Global Grid Scale Energy Storage industry.
Global Grid Scale Energy Storage Industry New Project Investment Feasibility Analysis.
Covid-19 Scenario:
- Business and manufacturing units across various countries happened to suffer during the initial phase of the lockdown due to the outbreak of the pandemic. Suspended facilities and disrupted supple chains were the major factors that affected the market growth during this phase.
- However, most of the regions have either recovered or are recovering along with the mandatory precautionary measures to curb the spread. Also, vaccination drives across the region are now pacing up which is further assisting the industry growth.
Report Customization
Our innovative data-mining technique allows us to provide our clients with exclusive and customized insights while preserving precision and speed. On all key fronts – regional, segment, and competitive landscape level – we personalize the Research data. With every report purchase, we include 40 analyst hours of free customization
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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