openPR Logo
Press release

Soaring Investment on Construction of Renewable Power Capacities to Drive the Global Energy Storage Market

02-17-2022 10:16 AM CET | Energy & Environment

Press release from: MarkNtel Advisors LLP

Global Energy Storage market is witnessing astronomical growth in the past few years owing to the factors such as burgeoning investment towards the construction of renewable power capacities, robust spending on infrastructure development, supportive government initiative for energy storage system and snowballing demand for energy storage systems among end-users. Moreover, significant decline in the cost of batteries, burgeoning demand for perennial electricity supply among residential sector and escalating government funding toward R&D activities are the factors placing a positive impact on the growth of the market over the forecast period.

According to MarkNtel Advisors' research report "Global Energy Storage Market Analysis, 2021", the Global Energy Storage market is anticipated to grow at a CAGR of around 5.5% during 2021-26F. Based on Application, Electronic Devices is projected to grow at a high rate owing to the factors such as booming millennial population surging the demand for smartphones, wearable, significant rise in the demand for consumer drones which are powered by batteries. Besides this, Mobility is also projected to grow at a highest CAGR in the forthcoming timeline. The growth is attributed to increase inclination of countries toward electric vehicle in order to reduce carbon dioxide emission. Thus, these are expected to propel the demand for batteries for energy storage which would further surge the market growth in the coming years.

Get a sample copy of the market report: https://www.marknteladvisors.com/query/request-sample/global-energy-storage-market.html

Key questions answered in the study:
1. What are the current and future trends of the Energy Storage industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Energy Storage industry?
5. What is the customer orientation, purchase behavior, and expectations from the Energy Storage firms across various regions?

Asia-Pacific Acquired the Majority Share

Asia-Pacific acquired the majority share in the market in 2019. China, India and Japan are the fast emerging as a hub for Energy Storage in Asia-Pacific. However, China is among the major country for the production and consumption of energy storage systems in Asia-pacific. The increasing investment on Li-ion battery manufacturing capacity that can be use as energy storage systems in transportation due to growing electric vehicle due to rise in the demand for e-scooter and light-duty electric vehicle in China and India. However, growing adoption of renewable energy, boost in the integration of software for management of energy storage and robust industrialization are the driving factor anticipated to upsurge the growth of the Energy Storage Market in the forthcoming period as stated in MarkNtel Advisors' research report "Global Energy Storage Market Analysis, 2021".

For detailed analysis visit: https://www.marknteladvisors.com/research-library/global-energy-storage-market.html

According to MarkNtel Advisors', the key players with a considerable market share in the Global Energy Storage market are Greensmith Energy (Wartsila), NEC Energy Solutions Inc., Fluence Energy LLC, Convergent Energy and Power LP (Energy Capital Partners), Tesla Inc., LG CNS, Duke Energy Corporation, NextEra Energy Inc. etc.

Segmentation Analysis:
The Global Energy Storage market offers absolute facts, data, trends, and insights about the market's competitive structure. This research focuses on the major segments of the market and also provides a geographical analysis. These are the factors that help to classify the market:

o By Type
o Mechanical
o Pumped Hydro Storage
o Compressed Air Energy Storage
o Liquid Air Energy Storage
o Others
o Electrochemical
o Lithium Battery
o Lead-Acid Battery
o Sodium-Sulphur Battery
o Others
o Chemical
o Thermal

o By Application
o Electronic Devices
o Laptops
o Smartphones
o Tablets
o Power Banks
o Drones
o Wearables
o Mobility
o Light Duty Vehicles
o Medium and Heavy-Duty Vehicles
o E-Buses
o Personal Mobility
o Marine Vessels
o Stationary Storage
o Commercial & Industrial
o Residential
o Utility

o By End User
o Residential
o Commercial
o Industrial
o Utility

o By Region
o North America
o Europe
o Asia-Pacific

o By Company
o Revenue Shares
o Strategic Factorial Indexing
o Competitor Placement in MarkNtel Quadrant

Research Objectives
*To study and analyze the market value of products/services in key regions and segments, using historical data from 2016-2020 and forecasts for 2026.

*To identify the sub-segments within the Market to understand its structure.

*To analyze, identify, and describe market share, market price, market competition and SWOT analysis. Porter's Five Forces analysis is also used. Also, to develop growth strategies for key market participants over the forecast period.

*To assess the market's individual growth trends and market share contribution, as well as future prospects.

*To provide comprehensive information on market growth factors (growth potential, drivers and opportunities, industry-specific risks, challenges and threats).

*To predict the growth or dominance in key geographic areas (alongside their respective key nations).

*To determine the market's competition levels, such as new product/service launches and market expansions, deals, and acquisitions.

*To develop a strategic profile for the market leaders and perform a thorough analysis of their growth plans.

Explore more reports:

Global Digital Twin Market Research Report: Forecast 2021-2026 (https://www.marknteladvisors.com/research-library/global-digital-twin-market.html)

Global Chatbots Market Research Report: Forecast 2021-2026
(https://www.marknteladvisors.com/research-library/global-chatbot-market.html)

Global Floating Solar Market Research Report: Forecast 2021-2026 (https://www.marknteladvisors.com/research-library/global-floating-solar-market.html)

UAE Data Center Market Research Report: Forecast 2021-2026 (https://www.marknteladvisors.com/research-library/uae-data-center-market.html)

Contact Us -
MarkNtel Advisors
Corporate Office: Office No.106,
H-160, Sector 63, Noida, Uttar Pradesh - 201301, India
Sales Office: 1147 88AVE, Delta, BC V4C, 3B8, Canada
Email Us Here - sales@marknteladvisors.com
Call- +1 604 800 2571

About Us:

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Soaring Investment on Construction of Renewable Power Capacities to Drive the Global Energy Storage Market here

News-ID: 2555497 • Views:

More Releases from MarkNtel Advisors LLP

Global Managed SIEM Services Market Reach USD 7.12 Billion in 2023, and Growing at a CAGR of 17.4% Till 2030 | IBM, SAP, and Oracle
Global Managed SIEM Services Market Reach USD 7.12 Billion in 2023, and Growing …
Latest Market Study report by MarkNtel Advisors: Leading market research company, Title "Global Managed SIEM Services Market- By Application (Log Management & Reporting, Threat Intelligence, Security Analytics), Others, By Type (Fully Managed, Co-managed, By Deployment mode (On-premises, Cloud)" and other forecast 2024-30". This detailed report provides a thorough look at the industry, covering key aspects like the Managed SIEM Services Market Size, its growth in share, development, and the top companies
GCC Digital Advertising Market Poised for a 9.42% CAGR | Market Segment By Trading Platform, Advertising Media and Forecast 2030
GCC Digital Advertising Market Poised for a 9.42% CAGR | Market Segment By Tradi …
Latest Market Study report by MarkNtel Advisors: Leading market research company, Title "GCC Digital Advertising Market- By Trading Platform (Real-Time Bidding (RTB), Private Marketplace Guaranteed, Automated Guaranteed, Unreserved Fixed-rate), By Advertising Media (Digital Display, Mobile Display)" and other forecast 2024-30". This detailed report provides a thorough look at the industry, covering key aspects like the GCC Digital Advertising Market Size, its growth in share, development, and the top companies involved. It
Stable Growth Predicted for Autonomous Car Software Market with a 27.01% CAGR by 2030 | AiMotive, Baidu Inc., and BlackBerry Ltd
Stable Growth Predicted for Autonomous Car Software Market with a 27.01% CAGR by …
Latest Market Study report by MarkNtel Advisors: Leading market research company, Title "Global Autonomous Car Software Market- By Autonomy Level (Level 1, Level 2, Level 3, Level 4, Level 5), By Software Type (Perception & Planning Software, Operating System, Middleware Software, Chauffeur Software, Interior Sensing Software, Supervision/Monitoring Software)" and other forecast 2024-30". This detailed report provides a thorough look at the industry, covering key aspects like the Autonomous Car Software Market
Asia-Pacific Human Insulin Market to Grow at a CAGR of 8.12% Until 2030 | Becton, Dickinson and Company (BD), and Biocon Limited
Asia-Pacific Human Insulin Market to Grow at a CAGR of 8.12% Until 2030 | Becton …
Latest Market Study report by MarkNtel Advisors: Leading market research company, Title "Asia-Pacific Human Insulin Market- By Type (Human Insulin Biologics, Intermediate Acting, Short Acting, Premixed), Insulin Analogue & Biosimilar, [Long Acting, Rapid Acting, Premixed]), By Application, (Diabetes Type 1, Diabetes Type 2)," and other forecast 2024-30". This detailed report provides a thorough look at the industry, covering key aspects like the Asia-Pacific Human Insulin Market Size, its growth in

All 5 Releases


More Releases for Energy

Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on
Energy As A Service Market by Top Manufacturers – WGL Energy Services, Engie, …
Global Energy as a service Market to reach USD 19,607.8 million by 2025. Global energy as a service market valued approximately USD 965.5 billion in 2017 is anticipated to grow with a healthy growth rate of 45.70 % over the forecast period 2018-2025. Growing potential of renewable energy is considered as a key trend for the Energy as a service market over the forecast period. As renewable energy is driving energy
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting
Global In-pipe Hydro Systems Market to 2025| Lucid Energy, Rentricity, Tecnoturb …
Albany, NY, 30th January : Recent research and the current scenario as well as future market potential of "In-Pipe Hydro Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally. Global In-pipe Hydro Systems Market: Overview This report analyzes and forecasts the market for in-pipe hydro systems at the global and regional level. The market has been forecast based on market share (percentages) and revenue (US$