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Advanced Energy Storage Systems Market Segmentation,Parameters and Prospects 2016 to 2020 Market Research Report

Friday, November 25, 2016 5:11
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WiseGuyReports.Com Publish a New Market Research Report On –Advanced Energy Storage Systems Market Segmentation,Parameters and Prospects 2016 to 2020 Market Research Report”.

 

Market outlook of the global advanced energy storage systems market 

The research analyst predicts the global advanced energy storage systems market to grow steadily at a CAGR of close to 14% during the forecast period. Energy storage technology is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. The growing demand for electricity worldwide coupled with an imminent need to reduce the demand-supply gap has prompted power utilities to adopt advanced energy storage.

The market is also witnessing a rising trend in the installations of wind and solar PVs, thus augmenting the demand for advanced energy storage. Countries worldwide are using advanced ESS to overcome the intermittent nature of renewable energy resources. However, the growth of the global advanced energy storage market is curtailed by several challenges such as cost competitiveness as these systems are expensive as compared to conventional systems.

 

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End-user segmentation and analysis of the global advanced energy storage market 
• Thermal energy storage 
• Batteries 
• Compressed air storage 
• Molten salt 
• Flywheels

The thermal energy storage (TES) segment dominated the market in 2015 with a market share of close to 42%. It is gaining importance as it helps in mitigating the intermittent nature of solar PVs. TES systems play a crucial role in electricity storage through concentrating solar power (CSP) plants wherein solar heat can be stored and used for electricity production in the absence of sunlight. It helps to enhance the utilization rate of power plants by 60%-75%. It also finds key application in nuclear power storage and helps meet critical peak demand by achieving higher power outputs.

Geographical segmentation and analysis of the global advanced energy storage market 
• Americas 
• APAC 
• EMEA

North America holds nearly 45% share of the overall installed capacity of advanced energy storage systems as of 2015. State-level participation and growing investments in grid storage projects have fueled the growth of the grid energy storage market in North America. The US government has initiated the “EV Everywhere Grand Challenge Blueprint,” which promises to raise the number of EVs to one million by 2015 in a bid to reduce CO2 emissions. Adoption of EVs fosters the use of Li-Ion batteries as an efficient means of energy storage thereby reducing costs.

Competitive landscape and key vendors 
Many vendors in the APAC region are making concentrated efforts to provide high-tech, customized ESS solutions for different end-user applications. This trend is likely to continue well over 2020 with many new entrants poised to enter this attractive market.

 

Complete Report Details @ https://www.wiseguyreports.com/reports/241936-global-advanced-energy-storage-systems-market-2016-2020

 

The leading vendors in the market are - 
• AES Energy Storage 
• Alevo 
• EnSync Energy 
• GE 
• LG Chem

Other prominent vendors in the market include Mitsubishi Heavy Industries, Enersys, Active Power, and Beacon Power.

Key questions answered in the report include 
• What will the market size and the growth rate be in 2020? 
• What are the key factors driving the global advanced energy storage market? 
• What are the key market trends impacting the growth of the global advanced energy storage market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the vendors in the global advanced energy storage market? 
• Trending factors influencing the market shares of the Americas, APAC, and EMEA. 
• What are the key outcomes of the five forces analysis of the global advanced energy storage market? 

 

Table Of Contents – Major Key Points

 

PART 01: Executive summary 
• Highlights 

PART 02: Scope of the report 
• Market overview 
• Top-vendor offerings 

PART 03: Market research methodology 
• Research methodology 
• Economic indicators 

PART 04: Introduction 
• Key market highlights 

PART 05: Market landscape 
• Market overview 
• Market size and forecast 
• Five forces analysis 

PART 06: Market segmentation by technology 
• Global advanced energy storage market by technology 
• Global advanced thermal energy storage market 
• Global advanced battery energy storage market 
• Global CAES market 
• Global molten salt energy storage market 
• Global flywheels energy storage market 

PART 07: Geographical segmentation 
• Global advanced energy storage market by geography 
• Advanced energy storage market in Americas 
• Advanced energy storage market in EMEA 
• Advanced energy storage market in APAC 

PART 08: Market drivers 
• Rise in renewable energy use 
• Need to enhance grid stability and network capacity 
• Need for energy storage in EVs 
• Frequency regulation using advanced ESS 

PART 09: Impact of drivers 

PART 10: Market challenges 
• Technological and assembly-related issues in Li-ion batteries 
• Stringent regulatory environment in the US 
• Cost competitiveness 

……..CONTINUED

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