Global Advanced Energy Storage Systems Market 2016-2020
Report Description Market outlook of the global advanced energy storage systems market 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. Get More Details of Global Advanced Energy Storage Systems Market @ http://www.bigmarketresearch.com/global-advanced-energy-storage-systems-market
Report Description 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. Report Enquiry @ http://www.bigmarketresearch.com/report-enquiry/367235
Report Description 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.
Report Description 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?
Table of Contents PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Market landscape PART 06: Market segmentation by technology PART 07: Geographical segmentation PART 08: Market drivers PART 09: Impact of drivers PART 10: Market challenges PART 11: Impact of drivers and challenges PART 12: Market trends PART 13: Vendor landscape PART 14: Key vendor analysis PART 15: Appendix
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