Energy Storage Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023
Market Highlights Energy Storage is a very diverse subject areas, it comprises from small to very large systems. Energy storage is broadly segmented into mechanical energy storage, electro-chemical energy storage, thermal storage and chemical storage. Energy storage systems have been dominating the renewable energy market as well conventional market in recent years because of the ability of store the energy in various forms and supply according to end user needs. Energy storage can be described as a technology that provides a preference to source power as and when required without backsliding to conventional energy sources. These energy systems are highly efficient and acts as flexible generation when needed. Energy storage systems can contribute to optimal use of generation and grid assets, and support emissions reductions in several economic sectors. The market is driven by various factors such as evolution in renewable energy power generation, gradual downfall in technology cost and increasing application of energy storage in all end-user industries. This is mainly because, energy storage systems are less polluting and produces less carbon emissions when compared with traditional conventional energy sources such as coal, oil and petroleum. Energy storage generation is helping in the fight against climate change as well as it is acting as a source of power for remote and off grid areas where still millions of global population lives. However, the growth of the market can be hindered by the due high initial capital investment and indistinct supervisory framework for energy storage systems. The Global Energy Storage Market is expected to grow at a CAGR of more than 20.18% during the forecast period. Key Players The key players of global energy storage market are AES Corporation (U.S), Tesla Inc. (U.S), General Electric Company (U.S), Voith GmbH (Germany), Sulzer Ltd. (Switzerland), Hydrostor Inc. (Canada),
Highview Power Storage (U.K), Linde AG (Germany), Hydrogenics Corporation (Canada) SolarReserve, LLC. (U.S).
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4476 Market Research Analysis Mechanical energy storage segment by type in global energy storage is expected to dominate market in forecast period. Mechanical energy storage, primarily refers to technologies, which convert electricity to mechanical or potential energy, and then store it as electricity, for later use. Currently, pumped hydro storage (PSH), compressed air energy storage and liquid air energy storage are generally considered the most mature method for electricity storage, with about PSH representing 99% of the currently installed electricity storage capacity. The growing demand for mechanical energy storage from the emerging economies, such as, Spain, Germany, China and India among others, are the key factor for driving the mechanical energy storage segment by type in global energy storage market. Europe region market is expected to grow at the fastest rate and hold the largest market size in forecast period. Europe region is the leading market for energy storage market and is followed by Asia-Pacific. Europe currently has about a cumulative energy storage capacity of approximately 30 GW. Open pumped hydro storage contributed about 25 GW and the remaining 5 GW capacity came through batteries, compressed air storage and thermal & electro-chemical energy storage. The Europe is addressing these new challenges in the energy system by promoting innovation in key technologies and developing suitable market rules. Technological innovation in storage falls under the Horizon 2020 programme and the Strategic Energy Technology Plan. List Of Tables Table 1 Market Synopsis 13 Table 2 Growth Drivers: Impact Analysis 22 Table 3 Growth Barriers: Impact Analysis 23 Table 4 Global Energy Storage Market, By Type, 2015-2023 (Usd Million) 33 Table 5 Mechanical: Global Energy Storage Market, By Sub-Type, 2015-2023 (Usd Million) 34 Table 6 Electro-Chemical: Global Energy Storage Market, By Type, 2015-2023 (Usd Million) 34 Table 7 Thermal Storage: Global Energy Storage Market, By Type, 2015-2023 (Usd Million) 35 Table 8 Chemical Energy Storage: Global Energy Storage Market, By Type, 2015-2023 Table 9 Global Energy Storage Market, By End-User, 2015-2023 (Usd Million) 38 Table 10 Asia-Pacific: Global Energy Storage Market, By Country, 2015-2023 (Usd Million) 43 Continue………. Get Complete Report @ https://www.marketresearchfuture.com/reports/energy-storagemarket-4476
List Of Figures Figure 1 Research Methodology Figure 2 Impact Analysis: Drivers And Restraints Figure 3 Global Oilfield Chemicals Market , By Material Figure 4 Global Oilfield Chemicals Market , By Fluid Material Figure 5 Global Oilfield Chemicals Market , By Region Figure 6 North America Oilfield Chemicals Market , By Country Figure 7 Europe Oilfield Chemicals Market , By Country Figure 8 Asia-Pacific Oilfield Chemicals Market , By Country Figure 9 Rest Of The World Oilfield Chemicals Market , By Country Continue‌.. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com