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Global Mechanical Energy Storage Market 2018-2022

Global Mechanical Energy Storage Market 2018-2022

About this market

Renewables integration with energy storage to gain traction in the market. Renewable energy technologies such as PV solar and wind power give intermittent outputs. With proper support from the governments and industry, energy storage technologies can enhance the deployment of renewable energy sources and enable the production of greater amounts of clean energy in the future. Technavio’s analysts have predicted that the mechanical energy storage market will register a CAGR of more than 5% by 2022.

Market Overview

Government initiatives to promote energy storage

The need for switching to more efficient, less polluting, and reliable energy sources has grown to achieve a cleaner economy worldwide. As the cost of adopting renewables is high at present, the governments of several countries are offering purchase incentives, subsidies, and feed-in tariffs to facilitate higher adoption.

High upfront costs

The energy storage market has a high potential for growth during the forecast period. However, the high upfront costs of installing energy storage systems threaten to hamper growth.

For the detailed list of factors that will drive and challenge the growth of the mechanical energy storage market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Hitachi Mitsubishi Hydro and Toshiba the competitive environment is quite intense. Factors such as the government initiatives to promote energy storage and the renewables integration with energy storage, will provide considerable growth opportunities to mechanical energy storage manufactures. Amber Kinetics, ANDRITZ, Beacon Power, GENERAL ELECTRIC, Hitachi Mitsubishi Hydro, and Toshiba are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Mechanical Energy Storage Market 2018-2022

Technavio recognizes the following companies as the key players in the global mechanical energy storage market: Amber Kinetics, ANDRITZ, Beacon Power, GENERAL ELECTRIC, Hitachi Mitsubishi Hydro, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the renewables integration with energy storage.”

According to the report, one of the major drivers for this market is the government initiatives to promote energy storage.

Further, the report states that one of the major factors hindering the growth of this market is the high upfront costs.

Companies Mentioned

Amber Kinetics
ANDRITZ
Beacon Power
GENERAL ELECTRIC
Hitachi Mitsubishi Hydro
and Toshiba

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global energy storage market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 (GW)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Pumped hydroelectric energy storage - Market size and forecast 2017-2022
      • Table Pumped hydroelectric energy storage - Market size and forecast 2017-2022 (GW)
      • Table Pumped hydroelectric energy storage - Year-over-year growth 2018-2022 (%)
    • Flywheel energy storage - Market size and forecast 2017-2022
      • Table Flywheel energy storage - Market size and forecast 2017-2022 (GW)
      • Table Flywheel energy storage - Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (GW)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (GW)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (GW)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Reasons for the increase in energy storage
      • Table Global total primary energy supply (TPES) by source, 1990-2015 (ktoe)
    • Market challenges
      • Table Global Battery ESS installed energy cost reduction potential, 2016-2030 (%)
  • Market trends
    • Renewables integration with energy storage
    • Flywheel energy storage for transportation
    • Growing need for continuous power supply
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Amber Kinetics
      • Table Amber Kinetics overview
      • Table Amber Kinetics - Organizational developments
      • Table Amber Kinetics - Key offerings
    • ANDRITZ
      • Table ANDRITZ overview
      • Table ANDRITZ - Business segments
      • Table ANDRITZ - Organizational developments
      • Table ANDRITZ - Geographic focus
      • Table ANDRITZ - Segment focus
      • Table ANDRITZ - Key offerings
    • Beacon Power
      • Table Beacon Power overview
      • Table Beacon Power - Organizational developments
      • Table Beacon Power - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC: Overview
      • Table GENERAL ELECTRIC: Business segments
      • Table GENERAL ELECTRIC: Organizational developments
      • Table GENERAL ELECTRIC: Geographic focus
      • Table GENERAL ELECTRIC: Segment focus
      • Table GENERAL ELECTRIC: Key offerings
    • Hitachi Mitsubishi Hydro
      • Table Hitachi Mitsubishi Hydro overview
      • Table Hitachi Mitsubishi Hydro - Business segments
      • Table Hitachi Mitsubishi Hydro - Key offerings
    • Toshiba
      • Table Toshiba overview
      • Table Toshiba - Business segments
      • Table Toshiba - Organizational developments
      • Table Toshiba - Geographic focus
      • Table Toshiba - Segment focus
      • Table Toshiba - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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