Global Advanced Energy Storage Market: Overview
Advance energy storage is a process of storing electrical energy and then utilizing it later. Advanced energy storage is a combination of energy storage medium enabling technologies such as, communication networks, distribution monitoring software, and many more. Advanced energy storage technologies amass energy from different sources and store it in different mediums for a period of time before supplying it to power or energy providing services.
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The report provides in-depth analysis and forecast of the advanced energy storage market on the global as well as on regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (MW) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global advanced energy storage market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various technologies and application segments based on demand for advanced energy storage in each geographical segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.
Global Advanced Energy Storage Market: Scope of the Report
Detailed analysis of various factors driving the global advanced energy storage market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the advanced energy storage market during the forecast period.
The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the advanced energy storage industry, from raw material suppliers to end-users. Various processes employed in the manufacture of advanced energy storage have been included in the value chain analysis. Porter’s five forces model has been included to determine the degree of competition in the market during the forecast period. Furthermore, market attractiveness analysis has been conducted to analyze application segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each application segment.
Global Advanced Energy Storage Market: Segmentation
Based on application type, the advanced energy storage market has been segmented into on-grid, off-grid, micro grid and others application segment. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (MW) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for advanced energy storage in each application segment type has been analyzed and forecast for a period of eight years.
The report also comprises profiles of leading companies in the advanced energy storage market. These include AES Corporation, EDF Renewables, Schneider Electric, Maxwell Corporation, LyondellBasell Industries N.V., and INEOS Group AG. among others. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.
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This report segments the global advanced energy storage market as follows:
Advanced Energy Storage Market – Technology Analysis
– Pumped Hydro
– Battery Storage
– Flywheel Storage
– Thermal Storage
Advanced Energy Storage Market – Application Analysis
– Micro Grid
Advanced Energy Storage Market – Regional Analysis
– North America
– Rest of Europe
– Asia Pacific
– Japan & Korea
– Rest of Asia Pacific
– Latin America
– Rest of Latin America
– Middle East & Africa (MEA)
– South Africa
– Rest of MEA
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