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Global Advanced Energy Storage Systems Market 2023-2027

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    Report

  • 166 Pages
  • August 2023
  • Region: Global
  • TechNavio
  • ID: 4600539
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The advanced energy storage systems market is forecasted to grow by USD 6,703.96 mn during 2022-2027, accelerating at a CAGR of 8.52% during the forecast period. The report on the advanced energy storage systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of renewable energy sources, increasing demand for stable and reliable power supply, and inclination toward energy independence.

The advanced energy storage systems market is segmented as below:

By Application

  • Grid storage
  • Transportation

By End-user

  • Non-residential
  • Residential

By Geography

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the increasing dominance of lithium-ion batteries as one of the prime reasons driving the advanced energy storage systems market growth during the next few years. Also, integration of multiple storage technologies and increasing demand for localized energy storage solutions will lead to sizable demand in the market.

The report on the advanced energy storage systems market covers the following areas:

  • Advanced energy storage systems market sizing
  • Advanced energy storage systems market forecast
  • Advanced energy storage systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced energy storage systems market vendors that include ABB Ltd., Aquion Energy, BYD Co. Ltd., Dow Chemical Co., EOS Energy Enterprises Inc., General Electric Co., GS Yuasa Corp., Hitachi Ltd., Leclanche SA, LG Chem Ltd., NEC Corp., Panasonic Holdings Corp., S and C Electric Co., Samsung SDI Co. Ltd., Siemens AG, Tesla Inc., Toshiba Corp., TotalEnergies SE, Trane Technologies Plc, and Wartsila Corp. Also, the advanced energy storage systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
  • Market ecosystem

  • Market characteristics

  • Market segmentation analysis
PART 05: MARKET SIZING
  • Market definition

  • Market sizing 2017

  • Market size and forecast 2017-2022
PART 06: FIVE FORCE ANALYSIS
  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
  • Segmentation by technology

  • Comparison by technology

  • Thermal energy storage – Market size and forecast 2017-2022

  • Electrochemical energy storage – Market size and forecast 2017-2022

  • Others – Market size and forecast 2017-2022

  • Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
  • Geographical segmentation

  • Regional comparison

  • EMEA – Market size and forecast 2017-2022

  • Americas – Market size and forecast 2017-2022

  • APAC – Market size and forecast 2017-2022

  • Key leading countries

  • Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
  • Market drivers

  • Market challenges
PART 12: MARKET TRENDS
  • Increased adoption of microgrids

  • Reduced electrochemical storage system costs

  • Rising number of vendors and collaborations
PART 13: VENDOR LANDSCAPE
  • Overview

  • Landscape disruption

  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • BYD

  • Fluence

  • Kokam

  • NEC

  • SAMSUNG SDI

  • Toshiba
PART 15: APPENDIX
  • List of abbreviations
List of Exhbits
Exhibit 01: Parent market
Exhibit 02: Global energy storage market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global – Market size and forecast 2017-2022 (MW)
Exhibit 09: Global – Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Technology – Market share 2017-2022 (%)
Exhibit 19: Comparison by technology
Exhibit 20: Thermal energy storage– Market size and forecast 2017-2022 (MW)
Exhibit 21: Thermal energy storage – Year-over-year growth 2018-2022 (%)
Exhibit 22: Electrochemical energy storage – Market size and forecast 2017-2022 (MW)
Exhibit 23: Electrochemical energy storage – Year-over-year growth 2018-2022 (%)
Exhibit 24: Others – Market size and forecast 2017-2022 (MW)
Exhibit 25: Others – Year-over-year growth 2018-2022 (%)
Exhibit 26: Market opportunity by technology
Exhibit 27: Customer landscape
Exhibit 28: Global – Market share by geography 2017-2022 (%)
Exhibit 29: Regional comparison
Exhibit 30: EMEA – Market size and forecast 2017-2022 (MW)
Exhibit 31: EMEA – Year-over-year growth 2018-2022 (%)
Exhibit 32: Americas – Market size and forecast 2017-2022 (MW)
Exhibit 33: Americas – Year-over-year growth 2018-2022 (%)
Exhibit 34: APAC – Market size and forecast 2017-2022 (MW)
Exhibit 35: APAC – Year-over-year growth 2018-2022 (%)
Exhibit 36: Key leading countries
Exhibit 37: Market opportunity
Exhibit 38: Reasons for the increase in advanced energy storage
Exhibit 39: Global total primary energy supply (TPES) by source, 1990-2015 (ktoe)
Exhibit 40: Services provided by energy storage
Exhibit 41: Global battery ESS installed energy cost reduction potential, 2016-2030 (%)
Exhibit 42: Vendor landscape
Exhibit 43: Landscape disruption
Exhibit 44: Vendors covered
Exhibit 45: Vendor classification
Exhibit 46: Market positioning of vendors
Exhibit 47: BYD overview
Exhibit 48: BYD – Business segments
Exhibit 49: BYD – Organizational developments
Exhibit 50: BYD – Geographic focus
Exhibit 51: BYD – Segment focus
Exhibit 52: BYD – Key offerings
Exhibit 53: Fluence overview
Exhibit 54: Fluence – Business segments
Exhibit 55: Fluence – Organizational developments
Exhibit 56: Fluence – Key offerings
Exhibit 57: Kokam overview
Exhibit 58: Kokam – Business segments
Exhibit 59: Kokam – Organizational developments
Exhibit 60: Kokam – Key offerings
Exhibit 61: NEC overview
Exhibit 62: NEC – Business segments
Exhibit 63: NEC – Organizational developments
Exhibit 64: NEC – Geographic focus
Exhibit 65: NEC – Segment focus
Exhibit 66: NEC – Key offerings
Exhibit 67: SAMSUNG SDI overview
Exhibit 68: SAMSUNG SDI – Business segments
Exhibit 69: SAMSUNG SDI – Organizational developments
Exhibit 70: SAMSUNG SDI – Geographic focus
Exhibit 71: SAMSUNG SDI – Segment focus
Exhibit 72: SAMSUNG SDI – Key offerings
Exhibit 73: Toshiba overview
Exhibit 74: Toshiba – Business segments
Exhibit 75: Toshiba – Organizational developments
Exhibit 76: Toshiba – Geographic focus
Exhibit 77: Toshiba – Segment focus
Exhibit 78: Toshiba – Key offerings

Executive Summary

The publisher recognizes the following companies as the key players in the global advanced energy storage systems market: ABB Ltd., Aquion Energy, BYD Co. Ltd., Dow Chemical Co., EOS Energy Enterprises Inc., General Electric Co., GS Yuasa Corp., Hitachi Ltd., Leclanche SA, LG Chem Ltd., NEC Corp., Panasonic Holdings Corp., S and C Electric Co., Samsung SDI Co. Ltd., Siemens AG, Tesla Inc., Toshiba Corp., TotalEnergies SE, Trane Technologies Plc, and Wartsila Corp.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing dominance of lithium-ion batteries.'

According to the report, one of the major drivers for this market is the growing adoption of renewable energy sources.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Aquion Energy
  • BYD Co. Ltd.
  • Dow Chemical Co.
  • EOS Energy Enterprises Inc.
  • General Electric Co.
  • GS Yuasa Corp.
  • Hitachi Ltd.
  • Leclanche SA
  • LG Chem Ltd.
  • NEC Corp.
  • Panasonic Holdings Corp.
  • S and C Electric Co.
  • Samsung SDI Co. Ltd.
  • Siemens AG
  • Tesla Inc.
  • Toshiba Corp.
  • TotalEnergies SE
  • Trane Technologies Plc
  • Wartsila Corp.