Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1712
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2627
    +0.0005 (+0.04%)
     
  • Bitcoin GBP

    55,411.09
    -615.50 (-1.10%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Global Advanced Energy Storage Industry

Global Advanced Energy Storage Market to Reach 12. 9 Thousand Megawatts by the Year 2027. Amid the COVID-19 crisis, the global market for Advanced Energy Storage estimated at 8. 2 Thousand Megawatts in the year 2020, is projected to reach a revised size of 12.

New York, July 15, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Advanced Energy Storage Industry" - https://www.reportlinker.com/p02772345/?utm_source=GNW
9 Thousand Megawatts by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027.Thermal Energy Storage, one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach 6.4 Thousand Megawatts by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrochemical Energy Storage segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 32.3% share of the global Advanced Energy Storage market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027
The Advanced Energy Storage market in the U.S. is estimated at 2.4 Thousand Megawatts in the year 2020. The country currently accounts for a 29.55% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 2.3 Thousand Megawatts in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR while Rest of European market (as defined in the study) will reach 2.3 Thousand Megawatts by the year 2027.

Other Technologies Segment Corners a 20.8% Share in 2020
In the global Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 1.4 Thousand Megawatts in the year 2020 will reach a projected size of 2 Thousand Megawatts by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.5 Thousand Megawatts by the year 2027.We bring years of research experience to this 20th edition of our report. The 162-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,

  • ABB Ltd.

  • Active Power, Inc.

  • AES Energy Storage, LLC

  • Alevo Group S.A.

  • Altair Nanotechnologies, Inc.

  • Amber Kinetics, Inc.

  • Areva

  • Ashlawn Energy, LLC

  • Axion Power International, Inc.

  • Beacon Power, LLC

  • BYD Co. Ltd.

  • Calnetix Technologies, LLC

  • Dresser-Rand Group, Inc.

  • ECOULT

  • Electrochaea GmbH

  • Encell Technology, Inc.

  • EnSync Energy Systems, Inc.

  • Exide Technologies

  • General Electric Company

  • Gridflex Energy, LLC

  • Highview Enterprises Ltd.

  • Hitachi, Ltd.

  • Hyper Tech Research, Inc.

  • IMS group AS

  • ITM Power Plc

  • Kokam Co., Ltd

  • Leclanché SA

  • LG Chem

  • LightSail Energy

  • Maxwell Technologies, Inc.

  • McPhy Energy S.A.

  • NEC Energy Solutions

  • NGK Insulators, Ltd.

  • Proton OnSite

  • Redflow Limited

  • Saft Groupe S.A.

  • Samsung SDI Co., Ltd.

  • Siemens AG

  • Temporal Power

  • Tesla, Inc.

  • Tianjin Lishen Battery Co., Ltd.

  • Toshiba International Corporation

  • ViZn Energy Systems, Inc.




Read the full report: https://www.reportlinker.com/p02772345/?utm_source=GNW

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Rising Share of Intermittent Sources of Energy in Utility
Energy Generation Portfolio: The Cornerstone for the Growth of
Utility Grade Advanced Energy Storage Technologies
Recent Market Activity
Review of Renewable Energy Projects Undertaken Worldwide and
Regulations Supporting Renewable Electricity-to-Grid
Integration
Declining Cost of Wind and Solar Power Make Renewables an
Important Part of Utility Energy Portfolio
Escalating Climate Change Adds Urgency to the Renewable Energy
Revolution Underway in the Global Economy
How the Renewable Energy Boom Benefits Advanced Energy Storage
Technologies
Despite Declines in Renewable Investments, Outlook for Advanced
Energy Storage Remains Bright
Prolonged Softness in Oil Prices: What It Means for Renewable-
to-Grid Integration
Market Outlook
Global Competitor Market Shares
Advanced Energy Storage Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
ABB Ltd. (India)
Active Power, Inc. (USA)
AES Energy Storage, LLC (USA)
Alevo Group S.A. (Switzerland)
Altair Nanotechnologies, Inc. (Canada)
Amber Kinetics, Inc. (USA)
Areva (France)
Ashlawn Energy, LLC (USA)
Axion Power International, Inc. (USA)
Beacon Power, LLC (USA)
BYD Co. Ltd. (China)
Calnetix Technologies, LLC (USA)
ECOULT (Australia)
Electrochaea GmbH (Germany)
Encell Technology, Inc. (USA)
EnSync Energy Systems, Inc. (USA)
Exide Technologies (USA)
General Electric Company (USA)
Gridflex Energy, LLC (USA)
Highview Enterprises Ltd. (UK)
Hitachi, Ltd. (Japan)
Hyper Tech Research, Inc. (USA)
IMS group AS (Norway)
ITM Power Plc (UK)
Kokam co., Ltd (Korea)
Leclanché SA (Switzerland)
LG Chem (Korea)
LightSail Energy (USA)
Maxwell Technologies, Inc. (USA)
McPhy Energy S.A. (France)
NEC Energy Solutions (Japan)
NGK Insulators, Ltd. (Japan)
Proton OnSite (USA)
Redflow Limited (Australia)
Saft Groupe S.A. (France)
Samsung SDI Co., Ltd. (South Korea)
Siemens AG (Germany)
Dresser-Rand Group, Inc. (USA)
Temporal Power (Canada)
Tesla, Inc. (USA)
Tianjin Lishen Battery Co., Ltd. (China)
Toshiba International Corporation (USA)
ViZn Energy Systems, Inc. (USA)

3. MARKET TRENDS & DRIVERS
Major Market Trends and Drivers
Rising Investments in Energy Storage Projects Bodes Well for
the Growth of Advanced Energy Storage Technologies
Aging Energy Infrastructure Drives Opportunities for Energy
Storage as a Method of Modernizing Energy Grids
Are Batteries Ready for Mass Commercialization in Grid-Level
Energy Storage?
?Value Stacking?: A Vital Product Development & Design Strategy
to Counter the High CAPEX of Battery Energy Storage
Technologies
Lithium Ion (Li-ion) Batteries: The Leader in Utility-Scale
Applications
Robust Surge in Solar and Wind Farms Throws the Focus Squarely
on Grid Stability
Energy Storage Assets Remain Vital Towards Enhancing the
Operation of Smart Grids
Flywheel Systems Emerge as a Reasonable Alternative to
Batteries Uniquely Suited to Utility-Scale Applications
Large Capacity Sodium Sulfur Battery Grow in Prominence as a
Promising Clean Energy Technology
CAES Systems to Offer Utility Grids Cost-Effective Bulk Storage
LAES Promises Environmentally Neutral Grid Scale Energy Storage
without Geographical Constraints
SMES: A Promising Advanced Energy Storage Technology
Hydrogen Storage Offers Seamless Integration of Wind and Solar
Energy into the Grid
Continuous Innovations Push a Bevy of Exciting Storage
Technologies Closer to Commercialization
Although Lower Than Pre-Recession Levels, World Demand for
Energy Will Remain a Key Driver of Growth

4. GLOBAL MARKET PERSPECTIVE
Table 1: Advanced Energy Storage Global Market Estimates and
Forecasts in Megawatts by Region/Country: 2020-2027

Table 2: Advanced Energy Storage Market Share Shift across Key
Geographies Worldwide: 2020 VS 2027

Table 3: Thermal Energy Storage (Technology) World Market by
Region/Country in Megawatts: 2020 to 2027

Table 4: Thermal Energy Storage (Technology) Market Share
Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027

Table 5: Electrochemical Energy Storage (Technology) Potential
Growth Markets Worldwide in Megawatts: 2020 to 2027

Table 6: Electrochemical Energy Storage (Technology) Market
Sales Breakdown by Region/Country in Percentage: 2020 VS 2027

Table 7: Other Technologies (Technology) Geographic Market
Spread Worldwide in Megawatts: 2020 to 2027

Table 8: Other Technologies (Technology) Market Share
Distribution in Percentage by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Advanced Energy Storage Market Share (in %) by Company: 2020 &
2025
Market Analytics
Table 9: Advanced Energy Storage Market in Megawatts in the
United States by Technology: 2020-2027

Table 10: United States Advanced Energy Storage Market Share
Breakdown by Technology: 2020 VS 2027

CANADA
Table 11: Advanced Energy Storage Market Analysis in Canada in
Megawatts by Technology: 2020-2027

Table 12: Canadian Advanced Energy Storage Market Share
Breakdown by Technology: 2020 VS 2027

JAPAN
Table 13: Japanese Medium & Long-Term Outlook for Advanced
Energy Storage Market in Megawatts by Technology: 2020-2027

Table 14: Japanese Advanced Energy Storage Market Percentage
Share Distribution by Technology: 2020 VS 2027

CHINA
Table 15: Advanced Energy Storage Market Estimates and
Forecasts in China in Megawatts by Technology: 2020-2027

Table 16: Advanced Energy Storage Market in China: Percentage
Share Analysis by Technology for 2020 and 2027

EUROPE
Market Facts & Figures
European Advanced Energy Storage Market: Competitor Market
Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 17: European Advanced Energy Storage Market Demand
Scenario in Megawatts by Region/Country: 2018-2025

Table 18: European Advanced Energy Storage Market Share Shift
by Region/Country: 2020 VS 2027

Table 19: European Advanced Energy Storage Market Assessment in
Megawatts by Technology: 2020-2027

Table 20: Advanced Energy Storage Market in Europe: Percentage
Breakdown of Sales by Technology for 2020 and 2027

FRANCE
Table 21: French Advanced Energy Storage Market Estimates and
Projections in Megawatts by Technology: 2020-2027

Table 22: French Advanced Energy Storage Market Share Breakdown
by Technology: 2020 VS 2027

GERMANY
Table 23: German Advanced Energy Storage Latent Demand
Forecasts in Megawatts by Technology: 2020-2027

Table 24: German Advanced Energy Storage Market Share Breakdown
by Technology: 2020 VS 2027

ITALY
Table 25: Advanced Energy Storage Market Estimates and
Forecasts in Italy in Megawatts by Technology: 2020-2027

Table 26: Advanced Energy Storage Market in Italy: Percentage
Share Analysis by Technology for 2020 and 2027

UNITED KINGDOM
Table 27: United Kingdom Medium & Long-Term Outlook for
Advanced Energy Storage Market in Megawatts by Technology:
2020-2027

Table 28: United Kingdom Advanced Energy Storage Market
Percentage Share Distribution by Technology: 2020 VS 2027

REST OF EUROPE
Table 29: Rest of Europe Advanced Energy Storage Market
Assessment in Megawatts by Technology: 2020-2027

Table 30: Advanced Energy Storage Market in Rest of Europe:
Percentage Breakdown of Sales by Technology for 2020 and 2027

ASIA-PACIFIC
Table 31: Asia-Pacific Advanced Energy Storage Market Estimates
and Projections in Megawatts by Technology: 2020-2027

Table 32: Asia-Pacific Advanced Energy Storage Historic Market
Analysis in Megawatts by Technology: 2020 VS 2027

REST OF WORLD
Table 33: Advanced Energy Storage Market Analysis in Rest of
World in Megawatts by Technology: 2020-2027

Table 34: Rest of World Advanced Energy Storage Market Share
Breakdown by Technology: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 94
Read the full report: https://www.reportlinker.com/p02772345/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001