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Global Advanced Battery Energy Storage Systems Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023

1. INTRODUCTION
1.1. EXECUTIVE SUMMARY
1.2. MARKET SCOPE
2. MARKET OVERVIEW
2.1. GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET: EVOLUTION & TRANSITION
2.2. INDUSTRY STRUCTURE
2.3. REGULATORY FRAMEWORK
2.4. TOTAL MARKET ANALYSIS
2.4.1. TOP FINDINGS
2.4.2. TOP OPPORTUNITY MARKETS
2.4.3. TOP COMPANIES
2.4.4. TOP COMPETITIVE STRATEGIES
2.5. ESTIMATION ANALYSIS
2.6. STRATEGIC ANALYSIS
2.6.1. INVESTMENT VS. ADOPTION MODEL
2.6.2. 360 DEGREE INDUSTRY ANALYSIS
2.6.3. PORTERS 5 FORCE MODEL
2.6.4. SEE-SAW ANALYSIS
2.6.5. PRICING ANALYSIS
2.6.6. CONSUMER ANALYSIS AND KEY BUYING CRITERIA
2.6.7. ROI ANALYSIS
2.6.8. GAP ANALYSIS
2.7. COMPETITIVE ANALYSIS
2.7.1. KEY STRATEGIES AND ANALYSIS
2.7.2. MARKET SHARE
2.7.3. TOP COMPANY ANALYSIS
2.8. STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
2.8.1. INVESTMENT OPPORTUNITIES BY REGIONS
2.8.2. OPPORTUNITIES IN EMERGING APPLICATIONS
2.8.3. INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
3. MARKET DETERMINANTS
3.1. MARKET DRIVERS & MARKET IMPACT
3.1.1. VOLATILE FOSSIL FUEL PRICE
3.1.2. RISING INVESTMENTS IN RENEWABLE ENERGY
3.1.3. INCREASING DEMAND FOR ELECTRIC VEHICLES
3.1.4. NEW TECHNOLOGIES IN BATTERY TECHNOLOGY
3.2. MARKET RESTRAINTS & MARKET IMPACT
3.2.1. HIGH INITIAL CAPITAL INVESTMENTS
3.2.2. MARKET COMPETITION
3.3. MARKET OPPORTUNITIES
3.3.1. EMERGING MARKETS LIKE INDIA AND CHINA
3.3.2. RENEWABLE ENERGY DEMAND IN EUROPE
3.3.3. INCREASING APPLICATION IN DEFENSE SECTOR
3.4. MARKET CHALLENGES
3.4.1. REGULATORY COMPLIANCE
3.4.2. TECHNICAL CHALLENGES IN BATTERY TECHNOLOGIES
4. MARKET SEGMENTATION
4.1. GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY TECHNOLOGY
4.1.1. MARKET DEFINITION AND SCOPE
4.1.2. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
4.1.3. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.1.4. OPPORTUNITY MATRIX
4.1.5. MARKET SEGMENTATION
4.1.5.1. LITHIUM ION BATTERY (LI-ION)
4.1.5.1.1. APPLICATIONS
4.1.5.1.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.1.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.1.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.2. PUMPED HYDRO STORAGE
4.1.5.2.1. APPLICATIONS
4.1.5.2.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.2.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.2.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.2.5. KEY CONCLUSIONS
4.1.5.3. SODIUM-SULFUR (NAS) BATTERY
4.1.5.3.1. APPLICATIONS
4.1.5.3.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.3.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.3.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.3.5. KEY CONCLUSIONS
4.1.5.4. FLOW BATTERY
4.1.5.4.1. APPLICATIONS
4.1.5.4.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.4.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.4.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.4.5. KEY CONCLUSIONS
4.1.5.5. COMPRESSED AIR ENERGY STORAGE (CAES)
4.1.5.5.1. APPLICATIONS
4.1.5.5.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.5.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.5.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.5.5. KEY CONCLUSIONS
4.1.5.6. SUPERCAPACITORS
4.1.5.6.1. APPLICATIONS
4.1.5.6.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.6.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.6.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.6.5. KEY CONCLUSIONS
4.1.5.7. OTHER BATTERY TECHNOLOGY
4.1.5.7.1. APPLICATIONS
4.1.5.7.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.5.7.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.5.7.4. TOP PLAYERS & KEY PRODUCTS
4.1.5.7.5. KEY CONCLUSIONS
4.2. GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY APPLICATION
4.2.1. MARKET DEFINITION AND SCOPE
4.2.2. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
4.2.3. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.2.4. OPPORTUNITY MATRIX
4.2.5. MARKET SEGMENTATION
4.2.5.1. TRANSPORTATION
4.2.5.1.1. APPLICATIONS
4.2.5.1.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.1.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.1.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.1.5. KEY CONCLUSIONS
4.2.5.2. GRID STORAGE
4.2.5.2.1. APPLICATIONS
4.2.5.2.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.2.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.2.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.2.5. KEY CONCLUSIONS
4.2.5.3. OTHER
4.2.5.3.1. APPLICATIONS
4.2.5.3.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.3.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.3.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.3.5. KEY CONCLUSIONS
4.3. GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY END USERS
4.3.1. MARKET DEFINITION AND SCOPE
4.3.2. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
4.3.3. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.3.4. OPPORTUNITY MATRIX
4.3.5. MARKET SEGMENTATION
4.3.5.1. ELECTRIC VEHICLES
4.3.5.1.1. APPLICATIONS
4.3.5.1.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.3.5.1.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023($MILLION)
4.3.5.1.4. TOP PLAYERS & KEY PRODUCTS
4.3.5.1.5. KEY CONCLUSIONS
4.3.5.2. UTILITIES
4.3.5.2.1. APPLICATIONS
4.3.5.2.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.3.5.2.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023($MILLION)
4.3.5.2.4. TOP PLAYERS & KEY PRODUCTS
4.3.5.2.5. KEY CONCLUSIONS
4.3.5.3. OTHERS
4.3.5.3.1. APPLICATIONS
4.3.5.3.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.3.5.3.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023($MILLION)
4.3.5.3.4. TOP PLAYERS & KEY PRODUCTS
4.3.5.3.5. KEY CONCLUSIONS
5. COMPETITIVE LANDSCAPE
5.1. KEY STRATEGIES
5.1.1. LIST OF M&A
5.1.2. LIST OF JV
5.1.3. LIST OF PRODUCT LAUNCHES
5.1.4. LIST OF PARTNERSHIP
5.2.
6. GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY REGION
6.1. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
6.2. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
6.3. OPPORTUNITY MATRIX
6.4. GEOGRAPHIC SEGMENTATION
6.4.1. NORTH AMERICA
6.4.1.1. INDUSTRY APPLICATION ANALYSIS
6.4.1.2. TOP COUNTRY ANALYSIS
6.4.1.2.1. U.S.
6.4.1.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.1.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.1.2.1.3. KEY CONCLUSIONS
6.4.1.2.2. CANADA
6.4.1.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.1.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.1.2.2.3. KEY CONCLUSIONS
6.4.2. EUROPE
6.4.2.1. INDUSTRY APPLICATION ANALYSIS
6.4.2.2. TOP COUNTRY ANALYSIS
6.4.2.2.1. UK
6.4.2.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.1.3. KEY CONCLUSIONS
6.4.2.2.2. FRANCE
6.4.2.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.2.3. KEY CONCLUSIONS
6.4.2.2.3. GERMANY
6.4.2.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.3.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.3.3. KEY CONCLUSIONS
6.4.2.2.4. SPAIN
6.4.2.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.4.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.4.3. KEY CONCLUSIONS
6.4.2.2.5. ITALY
6.4.2.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.5.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.5.3. KEY CONCLUSIONS
6.4.2.2.6. REST OF EUROPE
6.4.2.2.6.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.6.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.6.3. KEY CONCLUSIONS
6.4.3. ASIA PACIFIC
6.4.3.1. INDUSTRY APPLICATION ANALYSIS
6.4.3.2. TOP COUNTRY ANALYSIS
6.4.3.2.1. CHINA
6.4.3.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.1.3. KEY CONCLUSIONS
6.4.3.2.2. INDIA
6.4.3.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.2.3. KEY CONCLUSIONS
6.4.3.2.3. JAPAN
6.4.3.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.3.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.3.3. KEY CONCLUSIONS
6.4.3.2.4. SOUTH KOREA
6.4.3.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.4.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.4.3. KEY CONCLUSIONS
6.4.3.2.5. AUSTRALIA
6.4.3.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.5.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.5.3. KEY CONCLUSIONS
6.4.3.2.6. REST OF ASIA PACIFIC
6.4.3.2.6.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.6.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.6.3. KEY CONCLUSIONS
6.4.4. ROW
6.4.4.1. INDUSTRY APPLICATION ANALYSIS
6.4.4.2. TOP COUNTRY ANALYSIS
6.4.4.2.1. LATIN AMERICA
6.4.4.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.4.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.4.2.1.3. KEY CONCLUSIONS
6.4.4.2.2. MIDDLE EAST & AFRICA
6.4.4.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.4.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.4.2.2.3. KEY CONCLUSIONS
7. COMPANY PROFILES
7.1. ABB LTD
7.1.1. OVERVIEW
7.1.2. PRODUCT PORTFOLIO
7.1.3. KEY INNOVATION SECTOR
7.1.4. STRATEGIC INITIATIVES
7.1.5. SCOT ANALYSIS
7.2. LG CHEM LTD
7.2.1. OVERVIEW
7.2.2. PRODUCT PORTFOLIO
7.2.3. KEY INNOVATION SECTOR
7.2.4. STRATEGIC INITIATIVES
7.2.5. SCOT ANALYSIS
7.3. GS YUASA CORPORATION
7.3.1. OVERVIEW
7.3.2. PRODUCT PORTFOLIO
7.3.3. KEY INNOVATION SECTOR
7.3.4. STRATEGIC INITIATIVES
7.3.5. SCOT ANALYSIS
7.4. SAMSUNG SDI CO LTD
7.4.1. OVERVIEW
7.4.2. PRODUCT PORTFOLIO
7.4.3. KEY INNOVATION SECTOR
7.4.4. STRATEGIC INITIATIVES
7.4.5. SCOT ANALYSIS
7.5. ENERSYS
7.5.1. OVERVIEW
7.5.2. PRODUCT PORTFOLIO
7.5.3. KEY INNOVATION SECTOR
7.5.4. STRATEGIC INITIATIVES
7.5.5. SCOT ANALYSIS
7.6. EXIDE TECHNOLOGIES
7.6.1. OVERVIEW
7.6.2. PRODUCT PORTFOLIO
7.6.3. KEY INNOVATION SECTOR
7.6.4. STRATEGIC INITIATIVES
7.6.5. SCOT ANALYSIS
7.7. NIPPON CHEMI-CON CORP
7.7.1. OVERVIEW
7.7.2. PRODUCT PORTFOLIO
7.7.3. KEY INNOVATION SECTOR
7.7.4. STRATEGIC INITIATIVES
7.7.5. SCOT ANALYSIS
7.8. SAFT
7.8.1. OVERVIEW
7.8.2. PRODUCT PORTFOLIO
7.8.3. KEY INNOVATION SECTOR
7.8.4. STRATEGIC INITIATIVES
7.8.5. SCOT ANALYSIS
7.9. HITACHI LTD
7.9.1. OVERVIEW
7.9.2. PRODUCT PORTFOLIO
7.9.3. KEY INNOVATION SECTOR
7.9.4. STRATEGIC INITIATIVES
7.9.5. SCOT ANALYSIS
7.10. TOSHIBA CORP
7.10.1. OVERVIEW
7.10.2. PRODUCT PORTFOLIO
7.10.3. KEY INNOVATION SECTOR
7.10.4. STRATEGIC INITIATIVES
7.10.5. SCOT ANALYSIS
7.11. BYD COMPANY LTD
7.11.1. OVERVIEW
7.11.2. PRODUCT PORTFOLIO
7.11.3. KEY INNOVATION SECTOR
7.11.4. STRATEGIC INITIATIVES
7.11.5. SCOT ANALYSIS
7.12. BEACON POWER LLC
7.12.1. OVERVIEW
7.12.2. PRODUCT PORTFOLIO
7.12.3. KEY INNOVATION SECTOR
7.12.4. STRATEGIC INITIATIVES
7.12.5. SCOT ANALYSIS
7.13. CALMAC MANUFACTURING CORP
7.13.1. OVERVIEW
7.13.2. PRODUCT PORTFOLIO
7.13.3. KEY INNOVATION SECTOR
7.13.4. STRATEGIC INITIATIVES
7.13.5. SCOT ANALYSIS
7.14. A123 SYSTEMS
7.14.1. OVERVIEW
7.14.2. PRODUCT PORTFOLIO
7.14.3. KEY INNOVATION SECTOR
7.14.4. STRATEGIC INITIATIVES
7.14.5. SCOT ANALYSIS
7.15. MAXWELL TECHNOLOGIES
7.15.1. OVERVIEW
7.15.2. PRODUCT PORTFOLIO
7.15.3. KEY INNOVATION SECTOR
7.15.4. STRATEGIC INITIATIVES
7.15.5. SCOT ANALYSIS
LIST OF TABLES
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY TECHNOLOGY 2014-2023 ($ MILLION)
GLOBAL LITHIUM ION (LI-ION) ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL PUMPED HYDRO STORAGE ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL SODIUM-SULFUR (NAS) ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL FLOW ENERGY ADVANCED BATTERY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL COMPRESSED AIR ENERGY ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL SUPERCAPACITORS ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL OTHER TECHNOLOGIES BATTERY ENERGY STORAGE SYSTEM MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY APPLICATION 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY TRANSPORTATION 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GRID STORAGE 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY OTHER APPLICATIONS 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY END USERS 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY ELECTRIC VEHICLES 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY UTILITIES 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY OTHER END USER 2014-2023 ($ MILLION)
NORTH AMERICA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
EUROPE ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
ASIA PACIFIC ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
REST OF THE WORLD ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
LIST OF FIGURES
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY LITHIUM ION 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY PUMPED HYDRO BATTERY 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY SODIUM-SULFUR (NAS) BATTERY 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY FLOW BATTERY 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY COMPRESSED AIR ENERGY STORAGE (CAES) 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY SUPERCAPACITORS 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY OTHER BATTERY TECHNOLOGIES 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY TRANSPORTATION 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY GRID STORAGE 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY OTHER APPLICATIONS 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY ELECTRIC VEHICLES 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY UTILITIES 2014-2023 ($ MILLION)
GLOBAL ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET BY OTHER END USERS 2014-2023 ($ MILLION)
UNITED STATES (U.S.) ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
CANADA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
UNITED KINGDOM (UK) ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
FRANCE ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
GERMANY ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
SPAIN ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
ITALY ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
ROE ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
INDIA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
CHINA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
JAPAN ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
KOREA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
AUSTRALIA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
ROW APAC ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
LATIN AMERICA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)
MIDDLE EAST & AFRICA ADVANCED BATTERY ENERGY STORAGE SYSTEM MARKET 2014-2023 ($ MILLION)

Global Advanced Battery Energy Storage Systems Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023

Advanced battery energy storage systems market is rising with increasing demand for electric vehicles. According to International Council on Clean Transport (ICCT), the number of hybrid electric vehicles (HEV) in US in 2015, reached up to 15%. Also, the demand for HEV in US has increased by 36% in 2015 as compared to 2014 (11%). The total count of HEV vehicles in Europe was more than 8% of the total transport vehicles in 2015. One in every seven vehicle sold in EU is HEV, since 2015. In 2015, Department of Transport, UK announced an investment of $270million YoY till 2020 for electric vehicles. The aim of the investment is to have every vehicle in the country (UK) to be of low emission by 2050. Scandinavian countries (Norway, Finland, Denmark and Netherlands) have been traditional markets for HEV in EU. The total sales of HEV in these countries grew by 22% in 2015. Asia Pacific is the fastest growing market for the forecast period 2016-2023. China, Korea, Singapore and Japan are main drivers of advanced battery energy storage systems technology market in Asia Pacific. The demand for electric vehicles in Japan is forecasted to increase by 11% in 2017. Sales of electric vehicles in China grew astounding 294% in 2015, according to ICCT. The high growth rate is anticipated to continue till 2020. Above scenario confirms, global PCB market growth from $230million in 2016 to over $2030million by 2023, growing at CAGR 36.5% during period 2016-2023.

Other driving factors include volatility in fossil fuel price, new technologies in battery technology and rising investments in renewable energy. However, market competition, regulatory compliance, technical challenges in battery technologies and high capital investments are the factors impacting market growth for the forecast period 2016-2023.

Advanced battery energy storage systems market in Asia Pacific is growing with highest CAGR. The growth in Asia Pacific market is led by countries like China, Japan, and South Korea. Total investment in renewable energy in Asia pacific was highest in 2016. India and China together in 2016, invested more than $120billion for renewable energy technologies. Government of Australia and Japan are planning to invest in sustainable energy technologies for next five years. Along with AGL energy, Government of Australia is planning to invest up to $4billion till 2020 on renewable energy projects. Japanese Government invested over $37billion in 2016 (0.3% increase) as compared to 2015 in renewable energy technologies.
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North America dominates global advanced battery energy storage systems market in terms of revenue followed by Europe. Rising demand for electrical vehicles, favourable regulatory environment, increasing expenditure in renewable energy, and large pool of automobile companies are the factors driving market in Europe and North America. In 2016, total renewable energy investment in USA was $23.1billion. By 2020, the total renewable energy investment in USA is anticipated to reach $30billion.

GS Yuasa Corporation., ABB Ltd., LG Chem Ltd., Enersys Inc., Saft Ltd., Hitachi Ltd., BYD Corporation Ltd., Beacon Power LLC and Exide Technologies Ltd., are amongst the pioneers in advanced battery energy storage systems. Merger and Acquisition is the foremost staretgy used by companies to acquire market share. China’s Wanxiang Group bought US based electric vehicle lithium ion battery manufacturer, A123 systems in 2016. The investment is made eyeing 48volt batteries, which Wanxiang Group intends to supply to top five Chinese auto makers for next five years.
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