The Energy Storage System market is expected to be more than US$ 21 Billion globally by the end of the year 2024. This report covers key growth drivers and scientific challenges for Energy Storage System market. The set of methods and technologies used to store various kind of energy like Mechanical (Pumped hydro, Compressed air energy and Flywheels), Electrochemical, Thermal and Chemical known as Energy Storage System. Globally fluctuation in electricity and demand for electricity in many sectors like industries, transportation, and residential use developed technology to store electrical energy so it can be used whenever needed. Energy storage allows a lower-cost generating source to generate electricity at a diverse point in time to be stored and then used to meet times of crest demand.
This latest report titled “Energy Storage System Market, Volume, Global Forecast by End-User (Utility-Scale, Commercial & Industrial, Residential, Remote Power System) Region (East Asia & Pacific, South Asia, Eastern Europe & Central Asia, Latin America & the Caribbean, Sub-Saharan Africa, Middle East and North Africa) Companies (Samsung SDI., LG Chemical, SANYO-Panasonic, BYD Company Limited, ATL and Exide Technologies)” provides a detailed and comprehensive insight of the Global Energy Storage System Market. This report studies the Global Energy Storage System Market and Volume from 4 view points by End-User and further 6 view points by Region.
By End-User - Energy Storage System Market & Volume:
- Utility-Scale
- Commercial & Industrial
- Residential
- Remote Power System
By Region - Energy Storage System Market & Volume:
- East Asia & Pacific
- South Asia
- Eastern Europe & Central Asia
- Latin America & the Caribbean
- Sub-Saharan Africa
- The Middle East and North Africa
Utility-Scale, Commercial & Industrial, Residential and Remote Power System - By Region:
- East Asia & Pacific
- South Asia
- Eastern Europe & Central Asia
- Latin America & the Caribbean
- Sub-Saharan Africa
- The Middle East and North Africa
Key Player covered in the Report:
- Samsung SDI.
- LG Chemical
- SANYO-Panasonic
- BYD Company Limited
- ATL
- Exide Technologies
Scope of the Report:
- Market by End-User: We have segmented the market into four applications which are Utility-Scale, Commercial & Industrial, Residential and Remote Power System.
- Volume by End-User: We have segmented the volume sales into four applications which are Utility-Scale, Commercial & Industrial, Residential and Remote Power System. We have taken the volume in Mega Watt for each of mentioned segment.
- Market by Region: We have segmented the market into six parts by region which is East Asia & Pacific, South Asia, Eastern Europe & Central Asia, Latin America & the Caribbean, Sub-Saharan Africa and the Middle East and North Africa. Moreover, we have also fragmented most important key drivers for the region.
- Volume by Region: We have segmented the volume sales into six parts by region which are East Asia & Pacific, South Asia, Eastern Europe & Central Asia, Latin America & the Caribbean, Sub-Saharan Africa and the Middle East and North Africa.
- Market Share Analysis: We have mentioned market share from two view points: energy storage system volume share by application and by region.
- Volume Share Analysis: We have also mentioned volume share from two view points: energy storage system volume share by application and by region.
- Key Growth Drivers & Challenges: Report studies the multi-dimensional factors which help to grow global energy storage system market. We have also studied key factors that will hinder the market growth.
- Key Players Analysis: We have covered six key players and their overview of the company and their business strategies.
Table of Contents
1. Executive Summer2. Global ESS (Energy Storage System) Market3. Global ESS (Energy Storage System) Volume
Samples
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Companies Mentioned
- ATL
- BYD Company Limited
- Exide Technologies
- LG Chemical
- Samsung SDI.
- SANYO-Panasonic
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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