Energy Storage Systems are equipment that can efficiently and conveniently store multiple varieties of energy which will be utilized as per requirement, as an example Li ion batteries.
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.
The global Energy Storage Systems market is segregated on the basis of Technology as Electro Chemical, Mechanical, and Thermal Storage. Based on Application the global Energy Storage Systems market is segmented in Transportation and Grid Storage .
The global Energy Storage Systems market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Energy Storage Systems market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
LG Chem Ltd, ABB Ltd, GS Yuasa Corporation, Samsung SDI Co. Ltd, General Electric Company, Saft Groupe S.A, Tesla Inc, Evapco Inc, Calmac, Baltimore Aircoil Company Inc, and others are among the major players in the global Energy Storage Systems market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Energy Storage Systems market has been segmented as below:
Energy Storage Systems Market, By Technology
- Electro Chemical
- Mechanical
- Thermal Storage
Energy Storage Systems Market, By Application
- Transportation
- Grid Storage
Energy Storage Systems Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Energy Storage Systems Market, By Company
- LG Chem Ltd
- ABB Ltd
- GS Yuasa Corporation
- Samsung SDI Co. Ltd
- General Electric Company
- Saft Groupe S.A
- Tesla Inc
- Evapco Inc
- Calmac
- Baltimore Aircoil Company Inc
- BYD Company Limited
- Hitachi Ltd
- Panasonic Corporation
The report covers the below scope:
- Global Energy Storage Systems market sizes from 2015 to 2024, along with CAGR for 2018-2024
- Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
- Global Energy Storage Systems market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Energy Storage Systems market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The years considered for the study are as follows:
- Base year - 2018
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2025
Report Scope:
The global Energy Storage Systems market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Energy Storage Systems market share. Major industry players with significant revenue share include LG Chem Ltd, ABB Ltd, GS Yuasa Corporation, Samsung SDI Co. Ltd, General Electric Company, Saft Groupe S.A, Tesla Inc, Evapco Inc, Calmac, Baltimore Aircoil Company Inc, and others.
Why to Buy this Report:
- Gain detailed insights on the Energy Storage Systems industry trends
- Find complete analysis on the market status
- Identify the Energy Storage Systems market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Target Audience:
The report targeted towards the existing players in the industry is as follows:
- Market Manufacturers/Service Providers
- Market Wholesale/Traders
- Investment and Financial Institutions
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