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Advanced Energy Storage - Global Market Trajectory & Analytics

  • ID: 2531225
  • Report
  • June 2020
  • Region: Global
  • 162 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Advanced Energy Storage market worldwide will grow by a projected 5.3 Thousand Megawatts, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 7.8%. Thermal Energy Storage, one of the segments analyzed and sized in this study, is forecast to grow at over 8.8% and reach a market size of 6.4 Thousand Megawatts by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Thermal Energy Storage market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 7.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 208.1 Megawatts to the region's size over the next 7 to 8 years. In addition, over 211.1 Megawatts worth of projected demand in the region will come from Rest of European markets. In Japan, the Thermal Energy Storage segment will reach a market size of 469.4 Megawatts by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Advanced Energy Storage market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 6.8% over the next couple of years and add approximately 754.7 Megawatts in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Advanced Energy Storage market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others are:
  • ABB Ltd.
  • Active Power, Inc.
  • AES Energy Storage, LLC
  • Alevo Group S.A.
  • Altair Nanotechnologies, Inc.
  • Amber Kinetics, Inc.
  • Areva
  • Ashlawn Energy, LLC
  • Axion Power International, Inc.
  • Beacon Power, LLC
  • BYD Co. Ltd.
  • Calnetix Technologies, LLC
  • Dresser-Rand Group, Inc.
  • ECOULT
  • Electrochaea GmbH
  • Encell Technology, Inc.
  • EnSync Energy Systems, Inc.
  • Exide Technologies
  • General Electric Company
  • Gridflex Energy, LLC
  • Highview Enterprises Ltd.
  • Hitachi, Ltd.
  • Hyper Tech Research, Inc.
  • IMS group AS
  • ITM Power Plc
  • Kokam Co., Ltd
  • Leclanché SA
  • LG Chem
  • LightSail Energy
  • Maxwell Technologies, Inc.
  • McPhy Energy S.A.
  • NEC Energy Solutions
  • NGK Insulators, Ltd.
  • Proton OnSite
  • Redflow Limited
  • Saft Groupe S.A.
  • Samsung SDI Co., Ltd.
  • Siemens AG
  • Temporal Power
  • Tesla, Inc.
  • Tianjin Lishen Battery Co., Ltd.
  • Toshiba International Corporation
  • ViZn Energy Systems, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Rising Share of Intermittent Sources of Energy in Utility Energy Generation Portfolio: The Cornerstone for the Growth of Utility Grade Advanced Energy Storage Technologies
Recent Market Activity
Review of Renewable Energy Projects Undertaken Worldwide and Regulations Supporting Renewable Electricity-to-Grid Integration
Declining Cost of Wind and Solar Power Make Renewables an Important Part of Utility Energy Portfolio
Escalating Climate Change Adds Urgency to the Renewable Energy Revolution Underway in the Global Economy
How the Renewable Energy Boom Benefits Advanced Energy Storage Technologies
Despite Declines in Renewable Investments, Outlook for Advanced Energy Storage Remains Bright
Prolonged Softness in Oil Prices: What It Means for Renewable-to-Grid Integration
Market Outlook
Global Competitor Market Shares
Advanced Energy Storage Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
ABB Ltd. (India)
Active Power, Inc. (USA)
AES Energy Storage, LLC (USA)
Alevo Group S.A. (Switzerland)
Altair Nanotechnologies, Inc. (Canada)
Amber Kinetics, Inc. (USA)
Areva (France)
Ashlawn Energy, LLC (USA)
Axion Power International, Inc. (USA)
Beacon Power, LLC (USA)
BYD Co. Ltd. (China)
Calnetix Technologies, LLC (USA)
ECOULT (Australia)
Electrochaea GmbH (Germany)
Encell Technology, Inc. (USA)
EnSync Energy Systems, Inc. (USA)
Exide Technologies (USA)
General Electric Company (USA)
Gridflex Energy, LLC (USA)
Highview Enterprises Ltd. (UK)
Hitachi, Ltd. (Japan)
Hyper Tech Research, Inc. (USA)
IMS group AS (Norway)
ITM Power Plc (UK)
Kokam co., Ltd (Korea)
Leclanché SA (Switzerland)
LG Chem (Korea)
LightSail Energy (USA)
Maxwell Technologies, Inc. (USA)
McPhy Energy S.A. (France)
NEC Energy Solutions (Japan)
NGK Insulators, Ltd. (Japan)
Proton OnSite (USA)
Redflow Limited (Australia)
Saft Groupe S.A. (France)
Samsung SDI Co., Ltd. (South Korea)
Siemens AG (Germany)
Dresser-Rand Group, Inc. (USA)
Temporal Power (Canada)
Tesla, Inc. (USA)
Tianjin Lishen Battery Co., Ltd. (China)
Toshiba International Corporation (USA)
ViZn Energy Systems, Inc. (USA)

3. MARKET TRENDS & DRIVERS
Major Market Trends and Drivers
Rising Investments in Energy Storage Projects Bodes Well for the Growth of Advanced Energy Storage Technologies
Aging Energy Infrastructure Drives Opportunities for Energy Storage as a Method of Modernizing Energy Grids
Are Batteries Ready for Mass Commercialization in Grid-Level Energy Storage?
“Value Stacking”: A Vital Product Development & Design Strategy to Counter the High CAPEX of Battery Energy Storage Technologies
Lithium Ion (Li-ion) Batteries: The Leader in Utility-Scale Applications
Robust Surge in Solar and Wind Farms Throws the Focus Squarely on Grid Stability
Energy Storage Assets Remain Vital Towards Enhancing the Operation of Smart Grids
Flywheel Systems Emerge as a Reasonable Alternative to Batteries Uniquely Suited to Utility-Scale Applications
Large Capacity Sodium Sulfur Battery Grow in Prominence as a Promising Clean Energy Technology
CAES Systems to Offer Utility Grids Cost-Effective Bulk Storage
LAES Promises Environmentally Neutral Grid Scale Energy Storage without Geographical Constraints
SMES: A Promising Advanced Energy Storage Technology
Hydrogen Storage Offers Seamless Integration of Wind and Solar Energy into the Grid
Continuous Innovations Push a Bevy of Exciting Storage Technologies Closer to Commercialization
Although Lower Than Pre-Recession Levels, World Demand for Energy Will Remain a Key Driver of Growth

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Advanced Energy Storage Global Market Estimates and Forecasts in Megawatts by Region/Country: 2020-2027
TABLE 2: Advanced Energy Storage Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Thermal Energy Storage (Technology) World Market by Region/Country in Megawatts: 2020 to 2027
TABLE 4: Thermal Energy Storage (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Electrochemical Energy Storage (Technology) Potential Growth Markets Worldwide in Megawatts: 2020 to 2027
TABLE 6: Electrochemical Energy Storage (Technology) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Other Technologies (Technology) Geographic Market Spread Worldwide in Megawatts: 2020 to 2027
TABLE 8: Other Technologies (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Advanced Energy Storage Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 9: Advanced Energy Storage Market in Megawatts in the United States by Technology: 2020-2027
TABLE 10: United States Advanced Energy Storage Market Share Breakdown by Technology: 2020 VS 2027
CANADA
TABLE 11: Advanced Energy Storage Market Analysis in Canada in Megawatts by Technology: 2020-2027
TABLE 12: Canadian Advanced Energy Storage Market Share Breakdown by Technology: 2020 VS 2027
JAPAN
TABLE 13: Japanese Medium & Long-Term Outlook for Advanced Energy Storage Market in Megawatts by Technology: 2020-2027
TABLE 14: Japanese Advanced Energy Storage Market Percentage Share Distribution by Technology: 2020 VS 2027
CHINA
TABLE 15: Advanced Energy Storage Market Estimates and Forecasts in China in Megawatts by Technology: 2020-2027
TABLE 16: Advanced Energy Storage Market in China: Percentage Share Analysis by Technology for 2020 and 2027
EUROPE
Market Facts & Figures
European Advanced Energy Storage Market: Competitor Market Share Scenario (in %)for 2020 & 2025
Market Analytics
TABLE 17: European Advanced Energy Storage Market Demand Scenario in Megawatts by Region/Country: 2018-2025
TABLE 18: European Advanced Energy Storage Market Share Shift by Region/Country: 2020 VS 2027
TABLE 19: European Advanced Energy Storage Market Assessment in Megawatts by Technology: 2020-2027
TABLE 20: Advanced Energy Storage Market in Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
FRANCE
TABLE 21: French Advanced Energy Storage Market Estimates and Projections in Megawatts by Technology: 2020-2027
TABLE 22: French Advanced Energy Storage Market Share Breakdown by Technology:2020 VS 2027
GERMANY
TABLE 23: German Advanced Energy Storage Latent Demand Forecasts in Megawatts by Technology: 2020-2027
TABLE 24: German Advanced Energy Storage Market Share Breakdown by Technology: 2020 VS 2027
ITALY
TABLE 25: Advanced Energy Storage Market Estimates and Forecasts in Italy in Megawatts by Technology: 2020-2027
TABLE 26: Advanced Energy Storage Market in Italy: Percentage Share Analysis by Technology for 2020 and 2027
UNITED KINGDOM
TABLE 27: United Kingdom Medium & Long-Term Outlook for Advanced Energy Storage Market in Megawatts by Technology: 2020-2027
TABLE 28: United Kingdom Advanced Energy Storage Market Percentage Share Distribution by Technology: 2020 VS 2027
REST OF EUROPE
TABLE 29: Rest of Europe Advanced Energy Storage Market Assessment in Megawatts by Technology: 2020-2027
TABLE 30: Advanced Energy Storage Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
ASIA-PACIFIC
TABLE 31: Asia-Pacific Advanced Energy Storage Market Estimates and Projections in Megawatts by Technology: 2020-2027
TABLE 32: Asia-Pacific Advanced Energy Storage Historic Market Analysis in Megawatts by Technology: 2020 VS 2027
REST OF WORLD
TABLE 33: Advanced Energy Storage Market Analysis in Rest of World in Megawatts by Technology: 2020-2027
TABLE 34: Rest of World Advanced Energy Storage Market Share Breakdown by Technology: 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 94
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