Global Mechanical Energy Storage Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive Landscap and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Mechanical Energy Storage Market 2018 Mechanical Energy Storage Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Market Highlights Mechanical Energy Storage Global Market - Overview A mechanical energy storage is a phenomenon normally used to store mechanical energy, which can further be converted into various forms of energy such as, heat energy, electricity etc. as per requirement. The main application of mechanical energy storage is to store energy and propagate it to the end user as per requirement. Mechanical energy storage is widely used by power plants, industrial plants and conventional electric utility companies, automobile and residential users. Mechanical energy storages are classified based on their end user as industrial, commercial and residential. The industrial application of mechanical energy storage system is extensive as it is used on large scale for this segment. Pumped hydro storage (PHS) accounts for more than 99% of bulk storage capacity worldwide: around 127,000 MW across 200 large sites, globally. Compressed air energy storage (CAES) works best at the production scale of 10MW to 100MW, and is used as a source of flexible resource to deliver continuous load response and peak-generation.
Global Mechanical Energy Storage Market: Currently, the mechanical energy storage market is in the growth stage. This is due to the increase in demand for power, and cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global mechanical energy storage market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and NorthAmerica. 2
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Mechanical Energy Storage Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Mechanical Energy Storage Market Research Report- Forecast 2023� Pumped hydro storage market is expected to grow at the highest rate. The pumped hydro storage market is expected to hold a larger market size as compared to other two prominent mechanical energy storages. This is due to the working efficiency level of pumped hydro plants, which is about 6585% at peak load with 0-0.5% losses/day, generation capacity up to 5,000 MW and high life span of the project with minimum maintenance cost. Also the growing awareness towards use of non-conventional energy resources and stringent government norms for low carbon emission electricity generation technique will drive the pumped hydro storage market for the forecast period.
Mechanical Energy Storage Global Market - Competitive Analysis Characterized by the presence of several well-established and small players, the global Market of Mechanical Energy Storage appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services. Vendors operating in the Mechanical Energy Storage Market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. They compete based on pricing, servicing and technology enhanced solutions. Mechanical Energy Storage market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. 3
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Mechanical Energy Storage Market 2018 Scope of the report Mechanical Energy Storage Market - Regional Analysis Currently, the mechanical energy storage market is in the growth stage. This is due to the increase in demand for power, and crossborder power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global mechanical energy storage market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.
Additional Information •
Regulatory Landscape
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Pricing Analysis
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Macroeconomic Indicators
Company Information •
Profiling of 10 key market players
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In-depth analysis including SWOT analysis, and strategy information of related to report title
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Competitive landscape including emerging trends adopted by major companies
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Mechanical Energy Storage Market - 2018 Key Players Key Players: The key players of global mechanical energy storage market are • Voith GmbH (Germany), • Sulzer Ltd. (Switzerland), • DeWalt, (U.S), • Ingersoll Rand (U.S), • Hitachi, Ltd. (Japan), • Porter-Cable (U.S), • Kirloskar Pneumatic Co Ltd. (India), • Atlas Copco AB (Sweden), • Active Power Inc.(U.S), • Beacon Power (U.S), • Powerthru (Canada) • Schwungrad Energie Limited, (Ireland). 5
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