Energy Storage Systems Market is Anticipated to Touch US$ 1 Billion By 2025
New York: The scope of the report includes a detailed study of Global Energy Storage Systems Market with the reasons given for variations in the growth of the industry in certain regions.
Energy Storage Systems are equipment that can efficiently and conveniently store multiple varieties of energy which will be utilized as per requirement, as example Li-ion batteries.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the Global market. Key players profiled in the report LG Chem, Ltd, ABB Ltd, GS Yuasa Corporation, Samsung SDI Co., Ltd, General Electric Company, SaftGroupe S.A, Tesla, Inc, Evapco, Inc, Calmac, Baltimore Aircoil Company, Inc, BYD Company Limited, Hitachi, Ltd and Panasonic Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The global Energy Storage Systems Market is expected to exceed more than US$ 1 Billion by 2025 in the given forecast period.
The Global Energy Storage Systems Market has been segmented as below:
The Global Energy Storage Systems Market is segmented on the basis of its Delivery Technology Type, Application Type And Regional Type. By Technology Type this market is segmented on the basis of Electro Chemical, Lithium-Ion battery, Lead Acid battery, Sodium Sulfur (NaS) battery, Flow battery, Nickel Metal Hydride (NiMH) & Nickel Metal Cadmium (NiCd), Mechanical, Pumped Hydro, Flywheel, Thermal Storage, Thermo Chemical, Latent
By Application Type this market is segmented on the basis of Transportation and Grid Storage. By Geographic Analysis this market is segmented on the basis of North America, Europe, Asia Pacific and Rest of World.
This report provides:
1) An overview of the Global market for energy storage systems and related technologies.
2) Analyses of Global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Global Energy Storage Systems Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The major driving factors of Global Energy Storage Systems Market are as follows:
Increasing Renewable Energy Investments
Energy Arbitrage
Regulations Demanding Energy Efficiency
The restraining factors of Global Energy Storage Systems Market are as follows:
High Capital Investments
Hazardous Environmental Impact
The opportunities factors of Global Energy Storage Systems Market are as follows:
Grid Expansion and Investment in the Modern Infrastructure
Growing Opportunity for Commercial and Residential Applications
The Challenges factors of Global Energy Storage Systems Market are as follows:
Dynamic Valuations
Regulatory Treatment
The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as a primary power source in electric vehicles.
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Source: marketwatch
