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Published Date: 2017-06-20Number of Pages: 160

Advanced Energy Storage Market (Technology - Pumped Hydro, Battery Storage, Flywheel Storage, and Thermal Storage; Application - On-grid, Off-grid, and Micro Grid) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024

Global Advanced Energy Storage Market: Snapshot

Advanced energy storage refers to the process of storing electricity after converting it into energy. The energy is converted back to electricity for later use.  Advanced energy storage technologies amass energy from different sources and store it in different mediums for a period of time before supplying it to power or energy providing services. It comprises of conventional as well as novel energy storage technologies such as pumped hydro, battery storage, flywheel, thermal, and hydrogen storage.

The global appetite for electricity is rising at a massive pace owing to factors such as rapid urbanization, industrialization, and the mounting rise in global population. As a result, the need for energy storage is anticipated to remain strong to timely and efficiently supply power to the required end-user. The demand for effective and advanced energy storage technologies is also rising due to development in renewables energy resources, improvement of antiquated utility grid networks, and higher energy demand costs.

Transparency Market Research estimates that the global advanced energy storage market, which had a valuation of US$0.87 bn in 2015, will exhibit a promising 5.4% CAGR from 2016 and 2024 and rise to a valuation of US$1.39 bn by 2024.

advanced energy storage market

 

Pumped Hydro Storage to Remain Most Preferred Method for Large-scale Storage Purposes

On the basis of technology, the advanced energy storage market has been segmented in the report into pumped hydro, battery storage, flywheel storage, and thermal storage. Of these, the segment of pumped hydro storage accounted for more than 90% share in the global market in 2015. The massive share of the segment in the global advanced energy storage market is attributed to the fact that it is the most economical technology for large-scale energy storage.

For photovoltaic systems, battery storage is the most popular choice. Lithium-ion batteries are most common for power generation in mobiles and laptops but need more improvement for power generation applications. Battery storage is still expensive due to a number of factors such as need for new technologies, overcharge protection, and improved reliability and safety. The segment of thermal energy storage, representing another economical energy storage option, is anticipated to grow rapidly in the advanced energy storage market during the forecast period owing to the increasing focus on renewable energy.

Asia Pacific Market to Continue to Embark Upon Healthy Growth Path

From a geographical standpoint, the advanced energy storage market has been segmented in the report into regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these, the demand for advanced energy storage systems was the dominant in Asia Pacific in 2015, followed by Europe and North America. The development of advanced energy storage market began relatively late in Asia Pacific as compared to developed regions such as Europe and North America. However, it has seen rapid growth in the past few year and is also expected to exhibit impressive growth over the forecast period.

The market is expected to exhibit growth at a relatively lower pace in Europe and North America than Asia Pacific as both the regions feature mature markets for advanced energy storage. The Asia Pacific market is anticipated to exhibit strong growth over the report’s forecast period owing to vast developments in the power distribution infrastructure, especially across thriving economies such as China, India, and South Korea.

Some of the leading players operating in the global advanced energy storage market are AES Corporation, EDF Renewables, Schneider Electric, Maxwell Corporation, LyondellBasell Industries N.V., and INEOS Group AG. Other prominent players include SAFT S.A, Green Charge Networks, LLC, S&C Electric Company, NEC Corporation, Beacon Power LLC, Dynapower Company LLC, and EOS Energy Storage.

1. Preface
      1.1. Report Scope and Market Segmentation 

2. Assumptions and Acronyms Used
      2.1. Research Methodology

3. Executive Summary

4. Market Overview
      4.1. Drivers and Restraints Snapshot Analysis
      4.2. Drivers
      4.3. Restraints
      4.4. Opportunity Analysis
      4.5. Porter’s Analysis 
              4.5.1. Threat of New Entrants
              4.5.2. Threat of Substitutes
              4.5.3. Bargaining Power of Suppliers
              4.5.4. Bargaining Power of Buyers
              4.5.5. Degree of Competition
      4.6. Value Chain Analysis 

5. Global Advanced Energy Storage Market Analysis and Forecast, by Technology
      5.1. Key Findings
      5.2. Introduction
      5.3. Global Advanced Energy Storage Market Value Share Analysis, by Technology
      5.4. Global Advanced Energy Storage Market Forecast, by Technology
      5.5. Global Advanced Energy Storage Market Analysis, by Technology 
      5.6. Global Advanced Energy Storage Market Attractiveness Analysis, by Technology

6. Global Advanced Energy Storage Market Analysis and Forecasts, by Application
      6.1. Key Findings
      6.2. Introduction
      6.3. Global Advanced Energy Storage Market Value Share Analysis, by Application
      6.4. Global Advanced Energy Storage Market Forecast, by Application
      6.5. Global Advanced Energy Storage Market Forecast, by Application 
      6.6. Global Advanced Energy Storage Market Attractiveness Analysis, by Application

7. Global Advanced Energy Storage Market Analysis, by Region
      7.1. Global Growth Scenario
      7.2. Global Advanced Energy Storage Market Volume Share Analysis, by Region
      7.3. Global Advanced Energy Storage Market Forecast, by Region
      7.4. Global Advanced Energy Storage Market Attractiveness Analysis, by Region
      7.5. Market Trends

8. North America Advanced Energy Storage Market Analysis
      8.1. Key Findings
      8.2. North America Advanced Energy Storage Market Overview
      8.3. North America Advanced Energy Storage Market Volume Share Analysis, by Technology
      8.4. North America Advanced Energy Storage Market Forecast, by Technology
      8.5. North America Advanced Energy Storage Market Volume Share Analysis, by Application
      8.6. North America Advanced Energy Storage Market Forecast, by Application
      8.7. North America Advanced Energy Storage Market Volume Share Analysis, by Country
      8.8. North America Advanced Energy Storage Market Forecast, by Country
      8.9. North America Advanced Energy Storage Market Analysis, by Country
      8.10. North America Advanced Energy Storage Market Attractiveness Analysis

9. Asia Pacific Advanced Energy Storage Market Analysis
      9.1. Key Findings
      9.2. Asia Pacific Advanced Energy Storage Market Overview
      9.3. Asia Pacific Advanced Energy Storage Market Volume Share Analysis, by Technology
      9.4. Asia Pacific Advanced Energy Storage Market Forecast, by Technology
      9.5. Asia Pacific Advanced Energy Storage Market Volume Share Analysis, by Application
      9.6. Asia Pacific Advanced Energy Storage Market Forecast, by Application
      9.7. Asia Pacific Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region
      9.8. Asia Pacific Advanced Energy Storage Market Forecast, by Country / Sub-region
      9.9. Asia Pacific Advanced Energy Storage Market Analysis, by Country / Sub-region 
      9.10. Asia Pacific Advanced Energy Storage Market Attractiveness Analysis

10. Europe Advanced Energy Storage Market Analysis
      10.1. Key Findings
      10.2. Europe Advanced Energy Storage Market Overview      
      10.3. Europe Advanced Energy Storage Market Volume Share Analysis, by Technology      
      10.4. Europe Advanced Energy Storage Market Forecast, by Technology
      10.5. Europe Advanced Energy Storage Market Volume Share Analysis, by Application
      10.6. Europe Advanced Energy Storage Market Forecast, by Application
      10.7. Europe Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region
      10.8. Europe Advanced Energy Storage Market Forecast, by Country / Sub-region
      10.9. Europe Advanced Energy Storage Market Analysis, by Country / Sub-region 
      10.10. Europe Advanced Energy Storage Market Attractiveness Analysis

11. Middle East & Africa Advanced Energy Storage Market Analysis
      11.1. Key Findings
      11.2. Middle East & Africa Advanced Energy Storage Market Overview
      11.3. Middle East & Africa Advanced Energy Storage Market Volume Share Analysis, by Technology
      11.4. Middle East & Africa Advanced Energy Storage Market Forecast, by Technology
      11.5. Middle East & Africa Advanced Energy Storage Market Volume Share Analysis, by Application
      11.6. Middle East & Africa Advanced Energy Storage Market Forecast, by Application
      11.7. Middle East & Africa Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region
      11.8. Middle East & Africa Advanced Energy Storage Market Forecast, by Country / Sub-region
      11.9. Middle East & Africa Advanced Energy Storage Market Analysis, by Country / Sub-region 
      11.10. Middle East & Africa Advanced Energy Storage Market Attractiveness Analysis

12. Latin America Advanced Energy Storage Market Analysis
      12.1. Key Findings
      12.2. Latin America Advanced Energy Storage Market Overview
      12.3. Latin America Advanced Energy Storage Market Volume Share Analysis, by Technology
      12.4. Latin America Advanced Energy Storage Market Forecast, by Technology
      12.5. Latin America Advanced Energy Storage Market Volume Share Analysis, by Application
      12.6. Latin America Advanced Energy Storage Market Forecast, by Application
      12.7. Latin America Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region
      12.8. Latin America Advanced Energy Storage Market Forecast, by Country / Sub-region
      12.9. Latin America Advanced Energy Storage Market Analysis, by Country / Sub-region 
      12.10. Latin America Advanced Energy Storage Market Attractiveness Analysis

13. Competitive Landscape
      13.1. Competition Matrix

14. Company Profiles
      14.1. AES Corporation 
              14.1.1. Company Description
              14.1.2. Business Overview
              14.1.3. SWOT Analysis
              14.1.4. Strategic Overview
      14.2. EDF Renewable Energy 
              14.2.1. Company Description
              14.2.2. Business Overview
              14.2.3. SWOT Analysis
              14.2.4. Strategic Overview
      14.3. Maxwell Technologies, Inc.
              14.3.1. Company Description
              14.3.2. Business Overview
              14.3.3. SWOT Analysis
              14.3.4. Strategic Overview
      14.4. SAFT S.A 
              14.4.1. Company Description
              14.4.2. Business Overview
              14.4.3. SWOT Analysis
              14.4.4. Strategic Overview
      14.5. Green Charge Networks, LLC 
              14.5.1. Company Description
              14.5.2. Business Overview
      14.6. S&C Electric Company 
              14.6.1. Company Description
              14.6.2. Business Overview
      14.7. Schneider Electric SE 
              14.7.1. Company Description
              14.7.2. Business Overview
              14.7.3. SWOT Analysis
              14.7.4. Strategic Overview
      14.8. NEC Corporation 
              14.8.1. Company Description
              14.8.2. Business Overview
      14.9. Beacon Power LLC
              14.9.1. Company Description
              14.9.2. Business Overview
      14.10. CODA Energy
              14.10.1. Company Description
              14.10.2. Business Overview
      14.11. Dynapower Company LLC
              14.11.1. Company Description
              14.11.2. Business Overview
      14.12. RES Group
              14.12.1. Company Description
              14.12.2. Business Overview
      14.13. EOS Energy Storage
              14.13.1. Company Description
              14.13.2. Business Overview
      14.14. Key Takeaways

List of Figures

Figure 1: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 2: Global Advanced Energy Storage Average Price (US$/MW) 2015–2024
Figure 3: Global Advanced Energy Storage Market Value Share Analysis, by Technology, 2015 and 2024
Figure 4: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Pumped Hydro, 2015–2024
Figure 5: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Battery Storage, 2015–2024
Figure 6: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Flywheel Storage, 2015–2024
Figure 7: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Thermal Storage, 2015–2024
Figure 8: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Others, 2015–2024
Figure 9: Global Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 10: Global Advanced Energy Storage Market Value Share Analysis, by Application, 2015 and 2024
Figure 11: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by On-grid, 2015–2024
Figure 12: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Off-grid, 2015–2024
Figure 13: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Micro grid, 2015–2024
Figure 14: Global Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW), by Others, 2015–2024
Figure 15: Global Advanced Energy Storage Market Attractiveness Analysis, by Application
Figure 16: Global Advanced Energy Storage Market Value Share Analysis, by Region, 2015 and 2024
Figure 17: Global Advanced Energy Storage Market Attractiveness Analysis, by Region
Figure 18: North America Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 19: North America Advanced Energy Storage Market Attractiveness Analysis, by Country
Figure 20: North America Advanced Energy Storage Market Size Share Analysis, by Technology, 2015 and 2024
Figure 21: North America Advanced Energy Storage Market Size Share Analysis, by Application, 2015 and 2024
Figure 22: North America Advanced Energy Storage Market Size Share Analysis, by Country, 2015 and 2024
Figure 23: U.S. Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 24: Canada Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 25: North America Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 26: North America Advanced Energy Storage Market Attractiveness Analysis, by Application
Figure 27: Asia Pacific Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 28: Asia Pacific Advanced Energy Storage Market Attractiveness Analysis, by Country / Sub-region
Figure 29: Asia Pacific Advanced Energy Storage Market Size Share Analysis, by Technology, 2015 and 2024
Figure 30: Asia Pacific Advanced Energy Storage Market Volume Share Analysis, by Application, 2015 and 2024
Figure 31: Asia Pacific Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 32: China Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 33: India Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 34: Japan Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 35: ASEAN Marking Materials Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 36: Rest of Asia Pacific Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 37: Asia Pacific Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 38: Asia Pacific Advanced Energy Storage Market Attractiveness Analysis, by Application
Figure 39: Europe Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 40: Europe Advanced Energy Storage Market Attractiveness Analysis, by Country / Sub-region
Figure 41: Europe Advanced Energy Storage Market Size Share Analysis, by Technology, 2015 and 2024
Figure 42: Europe Advanced Energy Storage Market Volume Share Analysis, by Application, 2015 and 2024
Figure 43: Europe Advanced Energy Storage Market Volume Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 44: U.K. Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 45: Germany Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 46: France Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 47: Spain Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 48: Italy Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 49: Rest of Europe Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 50: Europe Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 51: Europe Advanced Energy Storage Market Attractiveness Analysis, by Application
Figure 52: MEA Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 53: MEA Advanced Energy Storage Market Attractiveness Analysis, by Country
Figure 54: MEA Advanced Energy Storage Market Volume Share Analysis, by Technology, 2015 and 2024
Figure 55: MEA Advanced Energy Storage Market Volume Share Analysis, by Application, 2015 and 2024
Figure 56: MEA Advanced Energy Storage Market Value Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 57: Egypt Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 58: GCC Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 59: South Africa Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 60: Rest of MEA Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 61: MEA Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 62: MEA Advanced Energy Storage Market Attractiveness Analysis, by Application
Figure 63: Latin America Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, 2015–2024
Figure 64: Latin America Advanced Energy Storage Market Attractiveness Analysis, by Country / Sub-region
Figure 65: Latin America Advanced Energy Storage Market Volume Share Analysis, by Technology, 2015 and 2024
Figure 66: Latin America Advanced Energy Storage Market Volume Share Analysis, by Application, 2015 and 2024
Figure 67: Latin America Advanced Energy Storage Market Value Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 68: Brazil Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 69: Argentina Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 70: Rest of Latin America Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Analysis, 2015–2024
Figure 71: Latin America Advanced Energy Storage Market Attractiveness Analysis, by Technology
Figure 72: Latin America Advanced Energy Storage Market Attractiveness Analysis, by Application

 

List of Tables

Table 1: Global Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 2: Global Advanced Energy Storage Market Revenue (US$ Mn) Forecast, by Technology, 2015–2024
Table 3: Global Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 4: Global Advanced Energy Storage Market Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 5: Global Advanced Energy Storage Market Capacity (MW) Forecast, by Region, 2015–2024
Table 6: Global Advanced Energy Storage Market Size (MW) Forecast, by Region, 2015–2024
Table 7: North America Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 8: North America Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, by Technology, 2015–2024
Table 9: North America Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 10: North America Advanced Energy Storage Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 11: North America Advanced Energy Storage Market Capacity (MW) Forecast, by Country, 2015–2024
Table 12: North America Advanced Energy Storage Market Size (US$ Mn) Forecast, by Country, 2015–2024
Table 13: Asia Pacific Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 14: Asia Pacific Advanced Energy Storage Market Size (US$ Mn) and Capacity (MW) Forecast, by Technology, 2015–2024
Table 15: Asia Pacific Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 16: Asia Pacific Advanced Energy Storage Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 17: Asia Pacific Advanced Energy Storage Market Capacity (MW) Forecast, by Country / Sub-region, 2015–2024
Table 18: Asia Pacific Advanced Energy Storage Market Size (US$ Mn) Forecast, by Country / Sub-region, 2015–2024
Table 19: Europe Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 20: Europe Advanced Energy Storage Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 21: Europe Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 22: Europe Advanced Energy Storage Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 23: Europe Advanced Energy Storage Market Capacity (MW) Forecast, by Country / Sub-region, 2015–2024
Table 24: Europe Advanced Energy Storage Market Size (US$ Mn) Forecast, by Country / Sub-region, 2015–2024
Table 25: Middle East & Africa Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 26: Middle East & Africa Advanced Energy Storage Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 27: Middle East & Africa Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 28: Middle East & Africa Advanced Energy Storage Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 29: MEA Advanced Energy Storage Market Capacity (MW) Forecast, by Country / Sub-region, 2015–2024
Table 30: MEA Advanced Energy Storage Market Size (US$ Mn) Forecast, by Country / Sub-region, 2015–2024
Table 31: Latin America Advanced Energy Storage Market Capacity (MW) Forecast, by Technology, 2015–2024
Table 32: Latin America Advanced Energy Storage Market Size (US$ Mn) Forecast, by Technology, 2015–2024
Table 33: Latin America Advanced Energy Storage Market Capacity (MW) Forecast, by Application, 2015–2024
Table 34: Latin America Advanced Energy Storage Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 35: Latin America Advanced Energy Storage Market Capacity (MW) Forecast, by Country / Sub-region, 2015–2024
Table 36: Latin America Advanced Energy Storage Market Size (US$ Mn) Forecast, by Country / Sub-region, 2015–2024

Global Advanced Energy Storage Market: Overview

Advance energy storage is a process of storing electrical energy and then utilizing it later.  Advanced energy storage is a combination of energy storage medium enabling technologies such as, communication networks, distribution monitoring software, and many more. Advanced energy storage technologies amass energy from different sources and store it in different mediums for a period of time before supplying it to power or energy providing services.

The report provides in-depth analysis and forecast of the advanced energy storage market on the global as well as on regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (MW) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global advanced energy storage market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various technologies and application segments based on demand for advanced energy storage in each geographical segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

Global Advanced Energy Storage Market: Scope of the Report

Detailed analysis of various factors driving the global advanced energy storage market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the advanced energy storage market during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the advanced energy storage industry, from raw material suppliers to end-users. Various processes employed in the manufacture of advanced energy storage have been included in the value chain analysis. Porter’s five forces model has been included to determine the degree of competition in the market during the forecast period. Furthermore, market attractiveness analysis has been conducted to analyze application segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each application segment.

Global Advanced Energy Storage Market: Segmentation

Based on application type, the advanced energy storage market has been segmented into on-grid, off-grid, micro grid and others application segment. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (MW) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for advanced energy storage in each application segment type has been analyzed and forecast for a period of eight years.

The report also comprises profiles of leading companies in the advanced energy storage market. These include AES Corporation, EDF Renewables, Schneider Electric, Maxwell Corporation, LyondellBasell Industries N.V., and INEOS Group AG. among others. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

This report segments the global advanced energy storage market as follows:

Advanced Energy Storage Market – Technology Analysis

  • Pumped Hydro
  • Battery Storage
  • Flywheel Storage
  • Thermal Storage
  • Others?

Advanced Energy Storage Market – Application Analysis

  • On-Grid
  • Off-Grid
  • Micro Grid
  • Others

Advanced Energy Storage Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Spain
    • France      
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan & Korea
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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