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Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022

Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022

“The advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022.”
The advanced energy storage systems market is projected to reach USD 19.04 billion by 2022, at a CAGR of 8.38%, from 2017 to 2022. The increasing renewable energy investments, reducing costs lithium-ion battery, and electrification of the transportation sector are the major drivers of the advanced energy storage systems market.

High capital requirement for some of the technologies, hazardous environmental impact of batteries, and lack of common codes and standards in the energy storage industry could hinder the growth of the AESS market.

“The lithium-ion sub-segment, within the technology segment, is expected to grow at the highest CAGR, from 2017 to 2022.”
The lithium-ion battery sub-segment, within the technology segment, is likely to grow at the highest CAGR, during 2017 to 2022. It led the electro chemical technology segment sector within the advanced energy storage systems market in 2016 and is projected to dominate the market during the forecast period.

This particular market is expected to grow in the future as a result of rapid growth in the electric vehicles market coupled with the falling cost of these batteries. Furthermore, technological advancements and the rapid involvement of domestic manufacturers to cater to the varied applications demand for lithium-ion batteries are some of the reasons behind the segment’s strong hold in the market.

“Asia Pacific: The largest market for advanced energy storage systems”
The market in Asia Pacific is currently the largest market for advanced energy storage systems, followed by North America. The market in Asia Pacific is primarily driven by China and Japan. China has a major share in the world’s electric vehicle market, which makes it a key market for lithium-ion batteries.

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 and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 31%, Tier 2- 22%, and Tier 3- 47%
By Designation: C-Level- 37%, Manager-Level- 34%, and D-Level- 29%
By Region: North America- 23%, Europe- 29%, Asia Pacific- 34%, and RoW- 14%
Notes: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier 1=>USD 5 billion, Tier 2=from USD 1 billion to USD 5 billion, and Tier 3=<USD 1 billion

RoW is the rest of the world
Leading players in the advanced energy storage systems market include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), General Electric Company (US), Samsung SDI Co ltd. (South Korea), GS Yuasa Corporation (Japan), Siemens Ltd. (Germany), Panasonic Corporation (Japan), CALMAC (US), Baltimore Aircoil Company, Inc (US), Tesla Inc. (US), Evapco, Inc. (US), Saft Groupe S.A (France), Hitachi Ltd (Japan), and BYD Company Ltd (China).

Research Coverage:
The report defines, describes, and forecasts the global advanced energy storage systems market by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market.

Why buy this report?
The report identifies and addresses key technology providers for advanced energy storage systems which would help service providers, review the growth in the demand for services.
The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table ADVANCED ENERGY STORAGE SYSTEMS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE ADVANCED ENERGY STORAGE SYSTEMS MARKET, 2017-2022
    • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2017-2022
    • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2017 & 2022
    • TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2017 & 2022
    • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2017 & 2022
  • MARKET OVERVIEW
    • INTRODUCTION
    • TECHNOLOGY OVERVIEW
      • Table COMPARISON OF MAJOR ENERGY STORAGE TECHNOLOGIES BY TECHNICAL CHARACTERISTICS
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • TRANSPORTATION
      • Table TRANSPORTATION: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • GRID STORAGE
      • Table GRID STORAGE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
    • ELECTRO CHEMICAL
      • Table ELECTRO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table ELECTRO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • LITHIUM-ION BATTERY
        • Table LITHIUM-ION BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table LITHIUM-ION BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • LEAD ACID BATTERY
        • Table LEAD ACID BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SODIUM SULFUR (NAS) BATTERY
        • Table SODIUM SULFUR (NAS) BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • FLOW BATTERY
        • Table FLOW BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • NICKEL METAL HYDRIDE (NIMH) & NICKEL CADMIUM BATTERY (NICD)
        • Table NICKEL METAL HYDRIDE & NICKEL CADMIUM BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • THERMAL STORAGE
      • Table THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD THOUSANDS)
      • THERMO CHEMICAL ENERGY STORAGE
        • Table THERMO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD THOUSANDS)
      • SENSIBLE HEAT THERMAL ENERGY STORAGE
        • Table SENSIBLE HEAT THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD THOUSANDS)
      • LATENT HEAT THERMAL ENERGY STORAGE
        • Table LATENT HEAT THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD THOUSANDS)
    • MECHANICAL ENERGY STORAGE
      • Table MECHANICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table MECHANICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • PUMPED HYDRO ENERGY STORAGE
        • Table PUMPED HYDRO: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • FLYWHEEL ENERGY STORAGE
        • Table FLYWHEEL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015- 2022 (USD MILLION)
      • COMPRESSED AIR & LIQUID AIR ENERGY STORAGE
        • Table CAES & LAES: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHER STORAGE TECHNOLOGIES
      • Table OTHERS: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION
    • INTRODUCTION
      • Table ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015- 2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015-2022 (USD THOUSAND)
      • Table ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • THE REST OF ASIA PACIFIC
        • Table THE REST OF ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2015- 2022 (USD MILLION)
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015-2022 (USD THOUSAND)
      • Table NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • US
        • Table US: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table EUROPE: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • THE UK
        • Table THE UK: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • THE REST OF EUROPE
        • Table THE REST OF EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
    • REST OF THE WORLD
      • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table REST OF THE WORLD: TRANSPORTATION APPLICATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015-2022 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • CHILE
        • Table CHILE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF ROW
        • Table REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • KEY PLAYERS OF THE ADVANCED ENERGY STORAGE SYSTEMS MARKET
      • GROWTH STRATEGIES IN THE ADVANCED ENERGY STORAGE SYSTEM MARKET
    • MARKET RANKING, ADVANCED ENERGY STORAGE SYSTEMS, 2016
      • Table MARKET RANKING, 2016
    • COMPETITIVE SITUATIONS & TRENDS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
    • BUSINESS STRATEGY EXCELLENECE (25 COMPANIES)
  • COMPANY PROFILES
    • LG CHEM, LTD.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ABB LTD.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GS YUASA CORPORATION
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SAMSUNG SDI CO., LTD.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GENERAL ELECTRIC COMPANY
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SAFT GROUPE S.A.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TESLA, INC.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • EVAPCO, INC.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • CALMAC
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BALTIMORE AIRCOIL COMPANY, INC.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BYD COMPANY LIMITED
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HITACHI, LTD.
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SIEMENS AG
      • OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • PANASONIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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