Advanced Energy Storage Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2020
Description-
The
global market for Advanced
Energy
Storage
Systems
consists of wide range of technologies at different maturity levels.
The landscape of market comprises of companies from start-ups to
multinational companies and due to varied technological spectrum, the
contraction or expansion of the global advanced energy storage market
is affected by the impacts of country’s policies and economic
situations. According to the International Energy Outlook 2013, the
world energy consumption will grow by 56% between 2010 and 2040. This
growth in demand for electricity has to be matched with increased
generation capacity and changing demand peaks, thereby making energy
storage essential criteria in the entire energy system. Also, the
energy conservation policies are shifting the interest from fossil
energy to alternative energy which will further augment the market
for advanced energy storage system.
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Some
of the drivers in the global advanced energy storage systems market
include: growing smart grid installation, growing renewable
implementation, grants & funding by the government and increasing
demand for electric and hybrid vehicles. The global increase in
demand for electricity has increased the transmission &
distribution network alongwith the grid connections which have led to
increased grid storage and transportation facilities. These factors
are encouraging the demand for electric and hybrid vehicles and are
driving the global market for advanced energy storage systems.
Although the capital intensive nature of the storage systems offers
resistance to the global market for advanced energy storage systems,
the opportunities provided by the renewable energy integration and
lithium energy technology is expected to bolster the market for
advanced energy storage systems in the future. According to the
International Renewable Energy Agency, the renewable installations in
Europe has increased and is expected to serve as another market
opportunity for the global advanced energy storage systems market.
The
advanced energy market is a wide market that can be fragmented into
seven energy segments as:
- Electricity generation
- Fuel production
- Buildings
- Industry
- Transportation
- Fuel delivery
- Electricity delivery and management
The
electricity generation comprises of the maximum share in the advanced
energy market. In 2013, the United States stood as the market leader
in advanced energy systems market with a surge in the transportation,
buildings and industry segment. On the basis of technology, the
global market for advanced energy storage systems can be segmented
as:
- Pumped hydro
- Flywheels
- Batteries
- Fuel cells
- Superconducting magnets (SMES)
- Super capacitors
- Compressed air energy storage (CAES)
The
flywheel-advanced energy storage technology is reported to receive
funding from governmental agencies: Beacon Power Corporation, U.S.,
received USD 2.25 million from U.S. Department of Energy; this serves
as the booster for market growth. The pumped hydro storage technology
is by far the most prominent of all the technologies with longer
discharge time; it is globally used for peak shaving and load
balancing in the grid storage. On the basis of applications, the
global market for advanced energy storage systems can be segmented
as:
- Grid storage
- Transportation
Some
of the key players in the global advanced energy storage systems
market are: Active Power, Inc., Altair Nanotechnologies Inc., BYD
Company Ltd., Energizer Holdings Inc., Electrovaya Inc., China Bak
Battery Inc., Maxwell Technologies, Enersys, Nippon Chemi-Con
Corporation, Exide Technologies, Toshiba Corporation, SAFT, The
Furukawa Battery Co. Ltd., Sony, Valence Technology, GS Yuasa
Corporation, Hitachi and LG Chem Ltd
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Email: sales@researchmoz.us,
Website: http://www.researchmoz.us
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