London, UK -- (SBWIRE) -- 05/07/2019 -- Global Advance Energy Storage Market is expected to grow significantly from USD 8.8 billion in 2017, to USD 17.6 million in 2024, at a lucrative CAGR of 9.1% from 2018 to 2024.

The growth of the Advance Energy Storage across the globe is primarily driven by advancement in storage technologies to support more reliable electric system.

The years used for the assessment are as follows;

Historical year: 2014, 2015, 2016
Base year: 2017
Forecast period: 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
Interacting with key opinion leaders of the market and developing data points based on interaction with them.
Study of past trends in the market and their year on year Impact on the market size and share.
Analyzing the collected data points.
Bridging the data points to calculate the total Advance Energy Storage market and it various segments.
Anticipating potential risks.
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the Advance Energy Storage market.
Finalizing the overall size and share for the global Advance Energy Storage market.

OBJECTIVES:

To classify the global Advance Energy Storage market into segments by Technology, Application, System, End-Use, Region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the Advance Energy Storage market.
Profiling key companies operating in the global Advance Energy Storage market.
To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global Advance Energy Storage market is as follows:

By Technology

Mechanical
Pumped Hydro
CAES
Flywheel
Electrochemical
Lead acid
Lithium ion
Sodium Sulfur
Sodium Nickel
Flow Batteries
Thermal
Sensible
Latent
Thermochemical
Electrical
Supercapacitors
SMES (Superconducting Magnetic Energy Storage)
Chemical
Power to power
Power to Gas
Others
Biological
Glycogen
Starchl

By Application

Grid Storage
Transporation

By System

On-Grid
Off-Grid
Micro Grid

By End-Use

Residential
Commercial
Utility

By Region

North America
Europe
Asia-Pacific
Rest of World (RoW)

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FREE ANALYSIS

Global Advance Energy Storage market is expected to grow from USD 9.6 Billion in 2017, to USD 17.6 billion by 2024, at a CAGR of 9.1% from 2018 to 2024. The key factor driving the growth of the Advance Energy Storage markets includes need for modernizing the grid for better enhanced power reliability and integration of renewable resources. Further, increased demand from electric vehicles, portable consumer electronics and grid storage systems augments the growth of Advance Energy Storage market across the globe

The lithium-ion held the largest market share of global electrochemical Advance energy storage market and is expected to grow at a significant rate during the forecast period owing to increased demand from electric vehicles. The Thermal energy storage technology segment held the largest market share of the global advance energy storage market in 2016. The increasing number of project in thermal advance energy storage from the renewable sources such as concentrated solar power has driven the demand for this technology

North America holds the largest share in the global Advance Energy Storages market in 2016. The growth in the region is accompanied by the federal support promoting technology development for advance storage. Demand for Advance Energy Storage in Asia-Pacific is expected to grow at highest rate owing to the rising economies in the region with focus on developing renewable energy sources and governmental support for energy storage. Europe being a key market in the global Advance Energy Storages market is primarily driven due to large number of renewable projects operating and rapid adoption to electric vehicles in the region.

Some of the leading players in global Advance Energy Storage market include Alevo, AES, GE, Altair, LG Chem, Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc., Hitachi, Ltd., Calmac, ABB Ltd. are among others.

Available Customizations:

With the given market data, Ameco Research offers customizations according to the company's specific needs. The following customization options are available for the report: Regional and country-level analysis of the Xxxx, by end-use in detailed analysis and profiles of additional market players.

Table Of Contents

Global Advance Energy Storage Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market breakdown, by Technology

1.2.2. Market breakdown, by Application

1.2.3. Market breakdown, by System

1.2.4. Market breakdown, by End-Use

1.2.5. Market breakdown, by Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities

2.2.2.1. Use of advanced battery energy storage systems to support integration of wind generation with power systems

2.2.2.2. Growing usage in residential application opening pool of opportunity

2.2.3. Trends

2.2.3.1. wide-scale deployment of electricity storage

2.2.3.2. Uses of Advance technology to keep electricity cost in check

2.2.4. Growth Drivers

2.2.4.1. Advanced Energy Storage for Automotive Applications

2.2.4.2. Increasing investment in modernizing the grid for robust and resilient electricity delivery system

2.2.4.3. Supporting government policies for rapid expansion and advance technology

2.2.4.4. Electric energy storage for energy arbitrage

2.2.5. Impact analysis of drivers on future forecast of the market

2.2.6. Restraints of the Market

2.2.6.1. Lack of clear policy direction

2.2.6.2. Slow compliance to change in policy with respect to rapidly growing market

2.2.7. Impact analysis of restraints on future forecast of the market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Cost Benefit Analysis

3.3.3. Policy and recommendations

3.3.4. Regulatory Affairs Analysis

3.3.5. Porter's Five Forces Analysis

CHAPTER 4. Advance Energy Storage Market Size and Forecast (2014 – 2024)

4.1. Advance Energy Storage Market, By Technology

4.1.1. Mechanical

4.1.1.1. Pumped Hydro

4.1.1.2. CAES

4.1.1.3. Flywheel

4.1.2. Electrochemical

4.1.2.1. Lead acid

4.1.2.2. Lithium ion

4.1.2.3. Sodium Sulfur

4.1.2.4. Sodium Nickel

4.1.2.5. Flow Batteries

4.1.2.5.1. Vanadium Redox

4.1.2.5.2. Zinc iron

4.1.2.5.3. Zinc Bromide

4.1.2.5.4. Others

4.1.3. Thermal

4.1.3.1. Sensible

4.1.3.2. Latent

4.1.3.3. Thermochemical

4.1.4. Electrical

4.1.4.1. Supercapacitors

4.1.4.2. SMES (Superconducting Magnetic Energy Storage)

4.1.5. Chemical

4.1.5.1. Power to power

4.1.5.2. Power to Gas

4.1.5.3. Others

4.1.6. Biological

4.1.6.1. Glycogen

4.1.6.2. Starch

4.2. Advance Energy Storage Market, By Application

4.2.1. Grid Storage

4.2.2. Transporation

4.3. Advance Energy Storage Market, By System

4.3.1. On-Grid

4.3.2. Off-Grid

4.3.3. Micro Grid

4.4. Advance Energy Storage Market, By End-use

4.4.1. Residential

4.4.2. Commercial

4.4.3. Utility

4.5. Advance Energy Storage Market, by Region

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific

4.5.4. Rest of the World (RoW)

CHAPTER 5. Global Advance Energy Storage Market, By Region

5.1. North America Advance Energy Storage Market (USD Million)

5.2. North America Advance Energy Storage Market (Mega Watt)

5.2.1. North America Advance Energy Storage Market, By Technology (USD Million)

5.2.2. North America Advance Energy Storage Market, By Technology (Mega Watt)

5.2.3. North America Advance Energy Storage Market, By Application(USD Million)

5.2.4. North America Advance Energy Storage Market, By System (USD Million)

5.2.5. North America Advance Energy Storage Market, By End-Use (USD Million)

5.2.6. North America Advance Energy Storage Market, By Country

5.2.6.1. U.S. Advance Energy Storage Market (USD Million)

5.2.6.2. Canada Advance Energy Storage Market (USD Million)

5.2.6.3. Mexico Advance Energy Storage Market (USD Million)

5.3. Europe Advance Energy Storage Market (USD Million)

5.4. Europe Advance Energy Storage Market (Mega Watt)

5.4.1. Europe Advance Energy Storage Market, By Technology (USD Million)

5.4.2. Europe Advance Energy Storage Market, By Technology (Mega Watt)

5.4.3. Europe Advance Energy Storage Market, By Application(USD Million)

5.4.4. Europe Advance Energy Storage Market, By System (USD Million)

5.4.5. Europe Advance Energy Storage Market, By End-Use (USD Million)

5.4.6. Europe Advance Energy Storage Market, By Country

5.4.6.1. Germany Advance Energy Storage Market (USD Million)

5.4.6.2. France Advance Energy Storage Market (USD Million)

5.4.6.3. U.K. Advance Energy Storage Market (USD Million)

5.4.6.4. Italy Advance Energy Storage Market (USD Million)

5.4.6.5. Rest of Europe Advance Energy Storage Market (USD Million)

5.5. Asia-Pacific Advance Energy Storage Market (USD Million)

5.6. Asia-Pacific Advance Energy Storage Market (Mega Watt)

5.6.1. Asia-Pacific Advance Energy Storage Market, By Technology (USD Million)

5.6.2. Asia-Pacific Advance Energy Storage Market, By Technology (Mega Watt)

5.6.3. Asia-Pacific Advance Energy Storage Market, By Application (USD Million)

5.6.4. Asia-Pacific Advance Energy Storage Market, By System (USD Million)

5.6.5. Asia-Pacific Advance Energy Storage Market, By End-Use (USD Million)

5.6.6. Asia-Pacific Advance Energy Storage Market, By Country

5.6.6.1. China Advance Energy Storage Market (USD Million)

5.6.6.2. Japan Advance Energy Storage Market (USD Million)

5.6.6.3. India Advance Energy Storage Market (USD Million)

5.6.6.4. South Korea Advance Energy Storage Market (USD Million)

5.6.6.5. Australia Advance Energy Storage Market (USD Million)

5.6.6.6. Rest of Asia-Pacific Advance Energy Storage Market (USD Million)

5.7. Rest of the World (RoW) Advance Energy Storage Market (USD Million)

5.8. Rest of the World (RoW) Advance Energy Storage Market (Mega Watt)

5.8.1. Rest of the World (RoW) Advance Energy Storage Market, By Technology (USD Million)

5.8.2. Rest of the World (RoW) Advance Energy Storage Market, By Technology (Mega Watt)

5.8.3. Rest of the World (RoW) Advance Energy Storage Market, By Application (USD Million)

5.8.4. Rest of the World (RoW) Advance Energy Storage Market, By System (USD Million)

5.8.5. Rest of the World (RoW) Advance Energy Storage Market, By End-Use (USD Million)

5.8.6. Rest of the World (RoW) Advance Energy Storage Market, By Country

5.8.6.1. Brazil Advance Energy Storage Market (USD Million)

5.8.6.2. South Africa Advance Energy Storage Market (USD Million)

5.8.6.3. Chile Advance Energy Storage Market (USD Million)

5.8.6.4. Rest of RoW Advance Energy Storage Market (USD Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Tesla, Inc.

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Strategic Developments

6.2. LG Chem, Ltd.

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Strategic Developments

6.3. General Electric Company

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Strategic Developments

6.4. Baltimore Aircoil Company, Inc.

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Strategic Developments

6.5. Siemens AG

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Strategic Developments

6.6. Panasonic Corporation

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Strategic Developments

6.7. ABB Ltd.
6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Strategic Developments

6.8. Evapco, Inc.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Strategic Developments

6.9. Calmac

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Strategic Developments

6.10. Hitachi, Ltd

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Strategic Developments

6.11. Samsung SDI Co., Ltd.

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Strategic Developments

6.12. Abbreviations

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