Global Energy Storage Systems Market By Technology (Compressed Air, Pumped Hydro Storage, Lithium Ion, Sodium Sulfur, Nickel Cadmium, Lead Acid, Redox-Flow, and Flywheel), Application (Transportation and Grid Storage), End-User (Non-Residential, Utility, and Residential), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa), Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

    Report ID : 71564   |  Published On: December 2018 |   Pages: |   Format:PDF

Global energy storage systems market is expected to reach USD 301.4 Billion by 2025, at a CAGR of 8.1% from 2018 to 2025. Factors propelling the growth of the market include growing focus on energy management and research and development activities for development of sustainable energy sources, and rising concern regarding energy conservation. Market Overview: Energy storage systems offer power storage capability to have efficient and convenient power as per the requirement. The energy management helps in managing the power needs and uses various energy storage systems to fulfil the energy demands. The rising concern with respect to energy protection and development for substitute sources is anticipated to upsurge interest for energy storage systems over the estimated time period. For instance, in 2018, LG launched two advanced new energy storage systems named as AC-coupled 5.0 kW system and DC-coupled 7.6 kW system. These systems were developed to be used as residential energy storage systems. Energy storage systems are also used as electric power sources and provide high proficiency. The low self-release, developing number of charging and releasing cycles, and low costs attracts the consumers to adopt energy storage systems. Report Description:
  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The energy storage systems market is analysed on the basis of volume (Thousand Units) and value (USD Million).
  • The report provides the key data of product lifecycle analysis, and pricing analysis in order to understand the present and future scenario of the market.
  • The study delivers a comprehensive analysis of global energy storage systems market by application, technology, end-user, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global Energy storage systems market. This report incorporates the industry analysis which is focused on providing an extensive view of the energy storage systems market.
  • The study also includes attractiveness analysis of application, technology, end-user, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the Energy storage systems market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

To learn more about this report, request a free sample copy

Market Dynamics: Drivers:
  • Growing focus on energy management
  • Rising concern regarding energy conservation
  • Research and development activities for development of sustainable energy sources devices
  • High capital investments
  • Space requirement
  • Grid storage and transportation
  • Dynamic valuations
  • No common codes and standards
Global Energy Storage Systems Market Key Findings: All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. Segmentation Analysis: The energy storage systems market is segmented on the basis of application, technology, and end-user.
  • The application segment is divided into transportation and grid storage. Grid storage segment held largest market share of 54.41% and valued at USD 107.02 billion in 2017. The increased use of battery-powered vehicles that include hybrid vehicles, plug-in hybrid vehicles, and electric vehicles leads to the increased need for the energy storage system, less cost of production of energy, and reduced maintenance benefits grid storage segment’s growth in the future.
  • Technology segment includes compressed air, pumped hydro storage, lithium ion, sodium sulfur, nickel cadmium, lead acid, redox-flow, and flywheel. Lithium ion segment is valued at around USD 42.57 Billion in 2017. The high energy density, lower self-discharge rate than other batteries, and require low maintenance are the major advantage of a lithium ion battery and hence is the reason for its growth and a larger market share.
  • The end user segment consists of non-residential, utility, and residential. The residential segment is expected to dominate the market with the market share of 39.17% in 2017. The requirement for space to install energy storage systems and growing focus on energy management are major reasons for the growth of residential segment.
Regional Segmentation Analysis: The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region held the largest market share of approximately 29.41% in 2017 where as the Asia Pacific region held the second dominant position in the global energy storage systems market.
  • Increase in the demand of energy storage systems and the technological advancements in automotive vertical are some of the factors that led to the growth of energy storage systems market in in North America region.
  • Asia Pacific is the fastest growing region due to the increasing focus on energy management as well as rising concern regarding energy conservation which are creating opportunity for the growth of the market.
Global Energy Storage Systems Market Competitive Analysis: Key players in the energy storage systems market are Exide Industries Ltd., SMA Solar Technology AG, Autobat SACI, Tata Power, Ionotec Ltd., Scheider Electric, Convergent Energy and Power Inc., AES Energy Storage, LLC, SK Holdings, Imergy Power Systems, BYD Company Limited, Greensmith Energy Management Systems, Enerbrax Acumuladores Ltd., Eguana Technologies, Eos Energy Storage, Beacon Power, LLC, ABB Ltd., LG Chem., S&C Electric Company, Seeo, Inc., and others. The LG Chem., ABB Ltd., General Electric Company, BYD Company Limited, and Samsung are the top leading players of the market. For instance, in 2018, BYD entered into partnership with Kostal Group to provide energy storage solutions to the residential and commercial solar segments. *All our reports are customizable as per customer requirements Scope
Key Point Information
Evaluate Market Potential Growth Rates (CAGR %)Value (USD Million) {Market Size}
USP of Report Product Lifecycle AnalysisPricing Analysis Company Share Analysis Competitive & Vendor landscapeSWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment
Historical Years 2015-2017
Forecast Years 2018-2025
Regional Analysis North America, Europe, Asia Pacific, South America, and Middle East and Africa
Countries Analysis U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Energy storage systems market on the basis of below mentioned segments: Global Energy Storage Systems Market, By Technology:
  • Compressed Air
  • Pumped Hydro Storage
  • Lithium Ion
  • Sodium Sulphur
  • Nickel Cadmium
  • Lead Acid
  • Redox-Flow
  • Flywheel
Global Energy Storage Systems Market, By Application:
  • Transportation
  • Grid Storage
Global Energy Storage Systems Market, By End-User:
  • Non-Residential
  • Utility
  • Residential
Global Energy Storage Systems Market, By Regions:
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa
Table of Contents
  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Report Premium Insights
  5. Market Overview
  6. Industry Trend Analysis
  7. Global Energy Storage Systems Market by Technology Analysis
  8. Global Energy Storage Systems Market by Application Analysis
  9. Global Energy Storage Systems Market by End-User Analysis
  10. Global Energy Storage Systems Market by Region Analysis
  11. Competitive Analysis
  12. Company Profiles
  • Business Overview
  • Products Portfolio
  • Key Insights
  • Recent Developments
  • SWOT Analysis
  • Financial Analysis
  • Market Share Analysis

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Note: Ask For Table Of Content.

We respect your privacy and do not tolerate spam and will never sell, rent or lease your information away.

We respect your privacy and do not tolerate spam and will never sell, rent or lease your information away.

Our Clients

Contact Us
Call Now