Press release
Energy Storage Solutions (ESS) Market Worth USD 114.3 billion in 2030 at a CAGR of 13.75%, by Technology, End User, Application, Region, Competitive Landscape and Key Drivers
"Energy Storage Solutions (ESS)"
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Energy Storage Solutions (ESS) are solutions or equipment's that store energy for later uses. The stored energy can be used to provide power to an electrical load, such as a motor or Electric Heater, or it can be discharged into the electrical grid. The importance of ESSs is twofold: they allow utilities to better manage their electricity grids and they provide opportunities for renewable energy sources, such as solar and wind power, to be more widely adopted. The technological advancements pertaining to the energy storage systems have significantly impacted the market growth in the recent years by ensuring the advantages of continuous energy supply.
The prominent players in the Energy Storage Solutions (ESS) market are
Scheider Electric
General Electric
GS Yuasa Corporation
UniEnergy Technologies, LLC
BYD Co. Ltd
Tesla Inc.
Langley Holdings plc
LG Chem
Maxwell Technologies, Inc.
Saft
Showa Denko Materials Co., Ltd.
The Furukawa Battery Co., Ltd.
Kokam
Fluence
Samsung SDI Co., Ltd.
SMA Solar Technology AG
Exide Industries Ltd
SK Holdings
Autobat SACI
Enerbrax Acumuladores Ltda
Eguana Technologies
Imergy Power Systems
Altairnano
Ecoult
Clarios
Electrovaya
Energy Storage Solutions (ESS) Market Recent Developments:
February 2022: The partnership between FIMER and Vega Solar supplied 14 PVS-100 inverters, a three-phase string solution, to Albania. The PVS-100/120-TL is a cloud-connected three-phase string inverter by FIMER designed for cost-effective decentralized solar systems on both ground and rooftops.
May 2022: Salient Energy, a company developing proprietary zinc-ion batteries as an alternative to lithium-ion batteries in residential energy storage, announced that it had formalized a partnership with Horton World Solutions (HWS), a sustainable homebuilder whose proprietary composite framing system enables best-in-class energy efficiency and construction time.
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Scope of the Report:
The Energy Storage Solutions (ESS) Market is segmented into various segments such as Technology, End User, Application and Region:
Based on technology, the energy storage solutions (ESS) market is segmented into:
Pumped Hydro Storage
Battery Energy Storage
Compressed Air Energy Storage
Flywheel Energy Storage
Based on the end user, the energy storage solutions (ESS) market is segmented into:
Residential
Non-Residential
Utilities
Based on the application, the energy storage solutions (ESS) market is segmented into:
Stationary
Transportation
Based on region, the energy storage solutions (ESS) market is segmented into:
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
Asia Pacific to Dominate the Market
Asia Pacific is estimated to account for the largest market share during the forecast period owing to the growing electrification in emerging economies such as China, India.
Moreover, ongoing energy storage investments and government initiatives are driving demand for energy storage solutions.
Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Energy Storage Solutions (ESS) Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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