Market Report

Advanced Energy Storage Systems Research Market Data and Global Trends to 2020

Press Release   •   Dec 07, 2015 21:48 GMT

Advanced energy storage systems market is expected to reach a value of USD 15.95 billion by 2020, at a high CAGR of 4.4% during the forecast period. Energy arbitrage opportunities, increasing renewable installations and growth of the electric vehicles market are propelling the growth of the energy storage systems market across the globe. Various regions, especially North America and Europe, are investing in expanding their energy storage infrastructure in order to perceive sustainable development; energy storage systems are considered to be the need of the hour in order to achieve energy security. Growing economies such as Asia-Pacific leading the energy storage systems market as the region is moving towards renewable energy sources to cope up with the increasing energy demand. The government has taken various steps for renewable energy programs, and therefore, increasing renewable energy programs across the world would definitely support the usage of energy storage systems.

Complete report on Advanced Energy Storage Systems market spread across 184 pages, profiling 17 companies and supported with 87 tables and 68 figures is now available at http://www.rnrmarketresearch.com/advanced-energy-storage-systems-market-by-technology-pumped-hydro-compressed-air-batteries-flywheels-supercapacitors-by-applications-grid-storage-transportation-geography-global-trends-market-report.html

“Transportation application leading the global market”

The transportation application is the fastest growing segment in the global energy storage systems market. The high growth is attributed to increasing usage of electric vehicles in developing as well as developed economies across the world. According to Electric Vehicles Initiative (EVI), there will be approximately 20 million electric vehicles on road by 2020, which is a huge growth considering the current presence of 180,000+ electric vehicles globally.

“Europe& North America: Growing at a similar pace in the energy storage systems market”

These regions are focusing on developing reliable and efficient grid networks. In order to achieve sustainable development, respective governments are deploying new renewable installations in the countries. This increases the demand for energy storage systems in the region. Most countries in the respective regions are member of EVI, and as a part of their target of reducing carbon emissions, these countries have long-term sales targets of electric vehicles, supporting the demand for energy storage systems in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:

§By Company Type: Tier 1-22%, Tier 2- 47%, Tier3-31%

§By Designation: C Level- 34%, Director Level- 29%, Others- 37%

§By Region: Asia-Pacific-34%, Europe-29%, North America-23%, RoW-14%

The tier of the companies is defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 = <USD 1 billion

Leading players of this industry have been profiled with their recent developments and other strategic activities. These include GS Yuasa Corporation (Japan), Samsung SDI Co. Ltd. (South Korea), Hitachi Limited (Japan), Exide Technologies (U.S.), and L.G. Chem. Limited (South Korea) among others. The major companies in energy storage systems market comprise battery technology providing companies. Another major technology i.e. pumped hydro energy storage is dominated by companies such as Toshiba Corporation (Japan), ABB Limited (Switzerland), Siemens A.G. (Germany), Voith (Germany), Alstom (France), Dominion Energy (U.S.), and others.

Why buy this report?

§The report identifies and addresses key markets for energy storage systems, which is useful for suppliers and OEMs to review production and distribution plans.

§The report includes analysis for key countries by technology type of energy storage systems, namely, Lithium ion battery, Pumped Hydro Storage, NaS battery, CAES, Flow battery, Super capacitors, and others. It analyzes historical trends and also forecast for 2020, assisting in strategic decision making.

§It also presents competition by analysing recent market developments such as key contracts, expansions, and new product launches from the key global market players. It helps understand the competition strategies and plan respective initiatives.

This is a premium research report priced at US$ 4650. Order a copy of this report at

http://www.rnrmarketresearch.com/contacts/purchase?rname=136968

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ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact:
Ritesh Tiwari
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Maharashtra, India.
+ 1 888 391 5441
sales@reportsandreports.com

Connect With Us on:

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