1 / 5

Advanced Energy Storage Industry Insights With Key Company Profiles - Demand, Analysis, Forecast To 2024

The global Advanced Energy Storage Market will exhibit a promising 5.4% CAGR from 2016 and 2024 and rise to a valuation of US$1.39 bn by 2024. The Advanced Energy Storage Market has been segmented in the report into pumped hydro, battery storage, flywheel storage, and thermal storage.

sagarj2
Download Presentation

Advanced Energy Storage Industry Insights With Key Company Profiles - Demand, Analysis, Forecast To 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Transparency Market Research 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 Published Date 2017-06-20 160 Page Report Request Sample Buy Now Press Release Global Advanced Energy Storage Market: Improvements in Micro Grid and On-grid Power Distribution Infrastructure to Fuel Growth, says TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com

  2. Advanced Energy Storage Market REPORT DESCRIPTION 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. Browse Advanced Energy Storage Market Research Report: http://www.transparencymarketresearch.com/advanced-energy-storage-systems.html 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. 2 Transparency Market Research

  3. 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. Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=2852 Asia Pacific Market to Continue to Embark Upon Healthy Growth Path 3 Transparency Market Research

  4. Advanced Energy Storage Market 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. 4 Transparency Market Research

  5. Advanced Energy Storage Market About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://cmfeglobalreports.blogspot.in/ 5 Transparency Market Research

More Related