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Global Market for Energy Storage Forecast – Opportunities, Trends and Challenges 2014-2022

Global Market for Energy Storage Forecast – Opportunities, Trends and Challenges 2014-2022

There are various types of advanced energy storage technologies that are available today. Some of the commonly used ones include advanced batteries, flow batteries, fuel cells, flywheel UPS, ultracapacitors, Compressed Air Energy Storage and many others.

Recent years have witnessed a rise in consumer demand for a reliable energy storage option and thus many devices have come up in the advanced energy storage market. Significant progress has been made in this industry particularly in the field of advanced batteries, fuel cells, ultracapacitors and flywheels.

Most of these energy storage systems offer high energy efficiency solutions to the consumer, coupled with higher energy and power density, a long life cycle and low carbon footprint as well. This has led to a growth in demand for these energy storage devices across the world. Of all the various types of advanced energy storage devices that are available on the market, advanced batteries occupy the largest share of the global industry. The rest of the market is made up by fuel cells, flywheel energy storage and ultracapacitors.

In 2014, the global market for energy storage devices was valued at over USD 11 billion and it is expected to register exponential growth till 2022 to reach a value of over USD 28 billion.

Looking at the rising demand for energy storage devices, Taiyou Research analyzes this fast growing industry in its research report Global Market for Energy Storage Forecast - Opportunities, Trends and Challenges 2014-2022. The report covers the following:

An introduction to energy storage devices through types of energy storage devices available in the market today. This is segmented by electrical energy storage devices, mechanical energy storage devices and electrochemical energy storage devices.

Growth in the global energy storage market and the environmental impact of these technologies are looked at.

An analysis of the global market for energy storage and advanced energy storage devices is carried out through an industry overview, industry size analysis with data ranging from 2008 to 2022 and an industry segmentation split by advanced batteries, flywheel, ultracapacitors and fuel cells.

Analysis of the market for fuel cells as energy storage devices is carried out through an industry overview, industry size analysis, industry segmentation by end use application and by geography. Regulatory framework, industry impacts and major industry players are also analyzed.

The market for flywheels as energy storage devices is analyzed through an industry overview, analysis of industry size, industry segmentation, market impacts such as growth drivers and barriers facing the industry, and an analysis of the major industry players.

An analysis of next generation batteries or advanced batteries as energy storage devices is carried out through an industry overview, industry size analysis, industry segmentation through end use application and by geography, regulatory framework analysis, industry impacts and an analysis of major industry players.

An analysis of pumped storage as energy storage devices is carried out through an industry overview, industry size analysis, industry segmentation and industry impacts such as industry challenges and growth drivers.

The market for ultracapacitors as energy storage devices is analyzed through industry overview, industry size analysis, industry segmentation by end use applications and by geography, and industry impacts.

We look at the factors impacting the global market for energy storage devices such as industry growth drivers and industry challenges.

An analysis of the major industry players such as Active Power, Ballard Power Systems, BYD Company, FuelCell Energy, Hydrogenics Corporation, and others is carried out through a company profile, a financial analysis and a SWOT analysis.

The report analyzes a total of 14 major companies active in the market of energy storage.


1. Executive Summary
2. Introduction to Energy Storage Devices
2.1 What are Energy Storage Devices?
2.2 Types of Energy Storage Devices
2.2.1 Overview
2.2.2 Electrical Energy Storage Devices
2.2.3 Mechanical Energy Storage Devices
2.2.4 Electrochemical Energy Storage Devices
2.2.5 Other Types of Energy Storage Devices
2.3 Growth in the Global Energy Storage Market
2.4 Environmentally Friendly Technology
3. Global Market for Energy Storage
3.1 Industry Overview
3.2 Industry Size
3.3 Industry Segmentation
4. Market for Fuel Cells as Energy Storage Devices
4.1 Industry Overview
4.2 Industry Size
4.3 Industry Segmentation
4.3.1 Overall Market Segmentation
4.3.2 Segmentation by End Use Applications
4.3.3 Segmentation by Geography
4.4 Regulatory Framework
4.5 Factors Impacting the Industry
4.5.1 Industry Drivers
4.5.2 Industry Challenges
4.6 Major Players
5. Market for Flywheels as Energy Storage Devices
5.1 Industry Overview
5.2 Industry Size
5.3 Industry Segmentation
5.4 Factors Impacting the Industry
5.4.1 Industry Drivers
5.4.2 Industry Challenges
5.5 Major Players
6. Market for Next Generation Batteries as Energy Storage Devices
6.1 Industry Overview
6.2 Industry Size
6.3 Industry Segmentation
6.3.1 Overall Market Segmentation
6.3.2 Segmentation by End Use Applications
6.3.3 Segmentation by Geography
6.4 Regulatory Framework
6.5 Factors Impacting the Industry
6.5.1 Industry Drivers
6.5.2 Industry Challenges
6.6 Major Players
7. Market for Pumped Storage as Energy Storage Devices
7.1 Industry Overview
7.2 Industry Size
7.3 Industry Segmentation
7.4 Factors Impacting the Industry
7.4.1 Industry Drivers
7.4.2 Industry Challenges
8. Market for Ultracapacitors as Energy Storage Devices
8.1 Industry Overview
8.2 Industry Size
8.3 Industry Segmentation
8.3.1 Overall Market Segmentation
8.3.2 Segmentation by End Use Applications
8.3.3 Segmentation by Geography
8.4 Factors Impacting the Industry
8.4.1 Industry Drivers
8.4.2 Industry Challenges
9. Factors Impacting the Global Market for Energy Storage
9.1 Industry Drivers
9.1.1 Environmental Impact
9.1.2 Reliable & Long Lasting Backup Power
9.1.3 Other Factors
9.2 Industry Challenges
9.2.1 High Investment Costs
9.2.2 Lack of Common Standards & Grid Connectivity Issues
10. Industry Players
10.1 Active Power
10.1.1 Company Profile
10.1.2 Financial Analysis
10.1.3 SWOT Analysis
10.2 Ballard Power Systems
10.2.1 Company Profile
10.2.2 Financial Analysis
10.2.3 SWOT Analysis
10.3 BYD Company Limited (BYD)
10.3.1 Company Profile
10.3.2 Financial Analysis
10.3.3 SWOT Analysis
10.4 FuelCell Energy
10.4.1 Company Profile
10.4.2 Financial Analysis
10.4.3 SWOT Analysis
10.5 Hydrogenics Corporation
10.5.1 Company Profile
10.5.2 Financial Analysis
10.5.3 SWOT Analysis
10.6 LG Chem
10.6.1 Company Profile
10.6.2 Financial Analysis
10.6.3 SWOT Analysis
10.7 Piller GmbH
10.7.1 Company Profile
10.7.2 Financial Analysis
10.7.3 SWOT Analysis
10.8 SANYO Electric (Panasonic)
10.8.1 Company Profile
10.8.2 Financial Analysis
10.8.3 SWOT Analysis
10.9 SFC Energy
10.9.1 Company Profile
10.9.2 Financial Analysis
10.9.3 SWOT Analysis
10.10 China BAK Battery
10.11 Pentadyne Power
10.12 Plug Power
10.13 Samsung SDI
10.14 VYCON
11. Glossary
12. Research Methodology
List of Figures
Figure 1: Types of Energy Storage Devices, 2014
Figure 2: Size of the Global Market for Energy Storage Devices (in USD Million), 2008-2022
Figure 3: Industry Segmentation by Technologies (%), 2014
Figure 4: Global Fuel Cell Industry Value Chain
Figure 5: Global Fuel Cell Industry, Market Size (in USD Million), 2008-2022
Figure 6: Segmentation of the Global Fuel Cell Market by Types of Fuel Cell (%), 2014
Figure 7: Segmentation of the Global Fuel Cell Market by End Use Applications (%), 2014
Figure 8: Segmentation of the Global Fuel Cell Market by Geography (%), 2014
Figure 9: Factors Impacting the Global Fuel Cell Industry
Figure 10: Size of the Global Flywheel Storage Industry (in USD Million), 2008-2022
Figure 11: Segmentation of the Global Flywheel Market by Regions (%), 2014
Figure 12: Factors Impacting the Global Flywheel Industry
Figure 13: Global Next Generation Batteries Market Size (in USD Million), 2008-2022
Figure 14: Global Next Generation Battery Market Segmentation (%), 2014
Figure 15: Global Market for Next Generation Batteries, Market Segmentation by End Use Applications (%), 2014
Figure 16: Global Market for Next Generation Batteries, Market Segmentation by Geography (%), 2014
Figure 17: Factors Impacting the Next Generation Battery Market
Figure 18: Installed Capacity of Pumped Storage Hydropower Worldwide (in GW), 2008-2022
Figure 19: Segmentation for the Global Market for Pumped Storage Hydropower by Regions (%), 2014
Figure 20: Size of the Global Ultracapacitors Market (in USD Million), 2008-2022
Figure 21: Production Breakup of the Global Ultracapacitors Market (%), 2014
Figure 22: Segmentation of the Global Ultracapacitors Market by End Use Applications (%), 2014
Figure 23: Segmentation of the Global Ultracapacitors Market by Geography (%), 2014
Figure 24: Factors Impacting the Global Ultracapacitors Market
Figure 25: Factors Impacting the Global Market for Energy Storage
List of Tables
Table 1: Size of the Global Market for Energy Storage Devices (in USD Million), 2008-2022
Table 2: Global Fuel Cell Industry, Market Size (in USD Million), 2008-2022
Table 3: Major Players in the Global Fuel Cell Market
Table 4: Size of the Global Flywheel Storage Industry (in USD Million), 2008-2022
Table 5: Major Players in the Global Flywheel Market
Table 6: Features of Next Generation Batteries
Table 7: Global Next Generation Batteries Market Size (in USD Million), 2008-2022
Table 8: Major Players in the Global Next Generation Battery Market
Table 9: Installed Capacity of Pumped Storage Hydropower Worldwide (in GW), 2008-2022
Table 10: Size of the Global Ultracapacitors Market (in USD Million), 2008-2022

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