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Advanced Energy Storage System Market worth $37.93 billion by 2030, growing at a CAGR of 9.82% - Exclusive Report by 360iResearch

02-05-2024 01:46 PM CET | Energy & Environment

Press release from: 360iResearch

Advanced Energy Storage System Market | 360iResearch

Advanced Energy Storage System Market | 360iResearch

The "Advanced Energy Storage System Market (AESS) by Technology (Batteries, Compressed Air, Flywheels), End User (Non- Residential, Residential) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Advanced Energy Storage System Market to grow from USD 19.68 billion in 2023 to USD 37.93 billion by 2030, at a CAGR of 9.82%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/advanced-energy-storage-system?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Advanced energy storage systems are crucial for maintaining power supply stability, facilitating energy management, and increasing the efficiency of energy systems. They include various types of storage, such as batteries (lithium-ion, lead-acid, etc.), flywheel storage, thermal storage, and pumped hydroelectric storage, and serve applications across residential, industrial, and commercial sectors, as well as utility-scale operations. They play a versatile role, from grid storage and renewable energy integration to powering electric vehicles and electronic devices. Growth drivers are diverse, fueled by technological innovations, declining costs of renewables, supportive government policies, and heightened consumer green energy consciousness. Market players are unlocking new opportunities through IoT-enhanced smart systems, superior battery materials, and novel energy storage as a service (ESaaS) business models. However, challenges such as steep initial investments, stringent regulations, raw material supply chain issues, and environmental concerns of disposal dampen the expansion. Key businesses are expected to focus on research and innovation to boost energy density, cutting expenses, augment safety, and extend storage lifespan. Cutting-edge R&D endeavors include solid-state batteries, alternative battery chemistries, novel thermal materials, and large-scale storage solutions, integrating blockchain and AI for efficient energy transactions and system maintenance.

Market Segmentation & Coverage:

This research report categorizes the Advanced Energy Storage System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across Batteries, Compressed Air, Flywheels, Molten Salt, and Thermal. The Thermal is projected to witness significant market share during forecast period.

Based on End User, market is studied across Non- Residential and Residential. The Residential is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Advanced Energy Storage System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Advanced Energy Storage System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Advanced Energy Storage System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Active Power, Inc., AES Corporation, Altair Nanotechnologies Inc., BYD Co. Ltd., EnSync Inc., Evapco Inc., General Electric Company, Hitachi, Ltd., LG Chem Ltd., Mitsubishi Heavy Industries, Ltd., NEC Corporation, Panasonic Corporation, Samsung SDI America, Inc., Siemens AG, Tesla Inc., and Toshiba Corporation.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Advanced Energy Storage System Market, by Technology
7. Advanced Energy Storage System Market, by End User
8. Americas Advanced Energy Storage System Market
9. Asia-Pacific Advanced Energy Storage System Market
10. Europe, Middle East & Africa Advanced Energy Storage System Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Advanced Energy Storage System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Advanced Energy Storage System Market?
3. What is the competitive strategic window for opportunities in the Advanced Energy Storage System Market?
4. What are the technology trends and regulatory frameworks in the Advanced Energy Storage System Market?
5. What is the market share of the leading vendors in the Advanced Energy Storage System Market?
6. What modes and strategic moves are considered suitable for entering the Advanced Energy Storage System Market?

Read More @ https://www.360iresearch.com/library/intelligence/advanced-energy-storage-system?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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