Global Advanced Energy Storage Market, By Application (Transportation, Grid Storage), Technology (Electro Chemical, Thermal Storage, Mechanical Energy Storage, Other Storage Technologies), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Report code : CMI14746 |
  • Industry : Energy |

Advanced Energy Storage Systems– Insights

Advanced Energy Storage (AES) systems involve the capture of the required energy which is produced at one time and can be used later. Energy is stored via a variety of mediums. Advanced Energy Storage technologies convert electricity into a different form of energy which can be stored and converted back into usable electricity at the required time. Energy can be transported via Advanced Energy Storage and stored using grids. AES system is an evolving technology critical for the growth of the energy sector in the 21st century. The energy can be used in the manufacture of various semiconductors, data storage products, solar cells, and electricity. The increasing demand for large amount of renewable energy can be met with the help of AES. It also allows operators manage the flow of energy sources by supplying only the required amount of energy thus avoiding the waste of energy. AES can effectively help reduce the Green House Gases and CO2 emissions, thus reducing global warming. The various forms of energy that can be stored via AES include chemical, mechanical, thermal, electrical, electrochemical, tidal, solar, and biological. The increasing demand and investments in renewable sources of energy along with various governmental regulations supporting the use of renewable energy is a major driver that augments the growth of the global AES market. However, the lack of a legislative and regulatory policy with regards to AES is a major restraining factor that affects the growth of the global AES market. The Assembly Bill 2514 passed on June 3, 2010 by the California State Assembly was accepted to create a smarter, cleaner electric grid, and increasing the use of renewable energy. The bill required the California Public Utilities Commission by March 1, 2012 to consider procurement for viable and cost?effective energy storage systems. In 2011, Senate Bill 412 (Kehoe, 2009) expanded the Self?Generation Incentive Program to include Advanced Energy Storage as an eligible technology. The Self Generation Incentive Program (SGIP) provides financial incentives for the installation of new renewable qualifying technologies that are installed to meet all or a portion of the electric energy needs for a facility. These factors are expected to boost the demand for Advanced Energy Storages globally.

Lithium-ion batteries was the most dominant segment in the global Advanced Energy Storage system in 2016. The trend is expected to continue during the forecast period. The reason for the same is the technological advancements and the growing use of lithium-ion batteries as a source of energy to reduce energy costs. The increasing use of lithium-ion batteries in electrically powered vehicles is a major factor that is expected to augment the growth of this segment during the forecast period. Asia Pacific is expected to be the most dominant region in the global AES systems market during the forecast period and is expected to grow at a fast rate during the forecast period. The International Energy Agency (IEA) estimates that by 2020, emerging countries will need to double their electrical power output to meet rising demand. It is estimated that by 2035, these nations will represent 80 percent of the total growth in both energy production and consumption. Asia Pacific is home to a number of emerging countries, thus, boosting the demand for AES in this region. The IEA estimates that Energy storage deployments in emerging markets worldwide are expected to grow over 40% annually in the coming decade, adding approximately 80 GW of new storage capacity to the estimated 2 GW existing today.

The global advanced energy storage systems market was valued at US$ 11.79 billion in 2016 and is expected to expand at a CAGR of 8.88% in terms of revenue during 2017 – 2025.

Figure 1. Global Advanced Energy Storage Systems Market Share, By Application, 2016

advanced energy storage systems market

Source: Coherent Market Insights (2017)

AES systems were mainly used in the transportation segment in 2016. The increasing adoption of electric vehicles is a major driver that has resulted in the rising demand for AES systems in the transportation sector. The transportation sector accounted for 50.20% market share in the AES systems market. According to the International Energy Agency, over 750000 electric car sales were recorded worldwide. This is expected to positively boost the global AES systems market. China and the U.S. are expected to dominate the electric vehicle sales during the forecast period. China is the leading consumer of electric vehicles registering as many as 352,000 new electric vehicles in 2016.

Multinational players

Some of the leading players in the AES include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla Inc.

An Advanced Energy Storage (AES) system is used to efficiently manage energy resources, thereby reducing the need for utility scale power generation plants. Advanced energy storage systems help in increasing the usage of renewable energy by using renewable sources such as solar and wind energy. The proper usage of renewable sources of energy due to AES makes these renewable sources more foreseeable, thus making it easy to integrate these sources of energy with an already existing power grid. Companies such as ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc. collaborate each other and with independent research organizations and institutes to speed-up the research activities in order to decrease Time To Market (TTM).

Market Dynamics

Increasing adoption of electric vehicles has resulted in an increase in demand for advanced energy system globally. The transportation segment dominates the advanced energy system market. Rising adoption of lithium-ion batteries in electric cars has resulted in significant demand for advanced energy system in transportation segment. The segment accounted for 50.20% market share, valued at US$ 5.92 billion, in 2016.

Market Taxonomy

This report segments the global AES systems on the basis of application, and technology. On the basis of technology, the global AES systems market is classified into electro chemical, thermal storage, mechanical energy storage and other storage technologies. The electro chemical segment is further classified into lithium-ion batteries, lead acid batteries, sodium sulfur batteries, flow batteries and Nickel Metal Hydride (NIMH) & Nickel Cadmium Batteries (NICD). Thermal storage is further classified as Thermo Chemical Energy Storage, Latent Heat Thermal Energy Storage and Sensible Heat Thermal Energy Storage. The Mechanical Energy Storage is classified as Pumped Hydro Energy Storage, Compressed Air & Liquid Air Energy Storage and Flywheel Energy Storage. The application segment is classified as Transportation and Grid Storage. 

Key features of the study:

  • This report provides an in-depth analysis of advanced energy systems and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2016 – 2024), considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global advanced energy systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global advanced energy system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced energy systems market

Segmentation

  • Global Advanced Energy Storage Market, By Application
    • Transportation
    • Grid Storage
  • Global Advanced Energy Storage Market, By Technology,
    • Electro Chemical
      • Lithium-Ion Battery
      • Lead Acid Battery
      • Sodium Sulfur (NAS) Battery
      • Flow Battery
      • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
    • Thermal Storage
      • Thermo Chemical Energy Storage
      • Sensible Heat Thermal Energy Storage
      • Latent Heat Thermal Energy Storage
    • Mechanical Energy Storage
      • Pumped Hydro Energy Storage
      • Flywheel Energy Storage
      • Compressed Air & Liquid Air Energy Storage
    • Other Storage Technologies
  • Global Advanced Energy Storage Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Canada
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
    • Europe
      • U.K.
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Germany
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Italy
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • France
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Russia
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Rest of Europe
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
    • Asia-Pacific
      • China
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • India
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Japan
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • ASEAN
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Australia
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • South Korea
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Rest of Asia Pacific
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
    • Latin America
      • Brazil
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Mexico
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Rest of Latin America
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
    • Middle East
      • GCC
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Israel
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
    • Africa
      • North Africa
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • Central Africa
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
      • South Africa
        • By Application:
          • Transportation
          • Grid Storage
        • By Technology:
          • Electro Chemical
            • Lithium-Ion Battery
            • Lead Acid Battery
            • Sodium Sulfur (NAS) Battery
            • Flow Battery
            • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
          • Thermal Storage
            • Thermo Chemical Energy Storage
            • Sensible Heat Thermal Energy Storage
            • Latent Heat Thermal Energy Storage
          • Mechanical Energy Storage
            • Pumped Hydro Energy Storage
            • Flywheel Energy Storage
            • Compressed Air & Liquid Air Energy Storage
          • Other Storage Technologies
  • Company Profiles
    • Tesla Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Samsung SDI Co.
    • General Electric Company
    • AES Group
    • ABB Ltd.
    • LG Chem Ltd.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Application
      • Market Snippet By Technology
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Advanced Energy Storage Market, By Application, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
    • Grid Storage
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
  5. Global Advanced Energy Storage Market, By Technology, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2015 - 2025
      • Segment Trends
    • Electro Chemical
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
        • Lithium-Ion Battery
        • Lead Acid Battery
        • Sodium Sulfur (NAS) Battery
        • Flow Battery
        • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
    • Thermal Storage
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
        • Thermo Chemical Energy Storage
        • Sensible Heat Thermal Energy Storage
        • Latent Heat Thermal Energy Storage
    • Mechanical Energy Storage
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
        • Pumped Hydro Energy Storage
        • Flywheel Energy Storage
        • Compressed Air & Liquid Air Energy Storage
    • Other Storage Technologies
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2015 - 2025 , (USD Million)
  6. Global Advanced Energy Systems Market, By Regions, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2015 - 2025
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • India
          • Country Trends
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
          •  
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2015 - 2025
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
          • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Tesla Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LG Chem Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Samsung SDI Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ABB Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Calmac
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Evapco Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 90 market data tables and 40 figures on "Advanced Energy Systems(CGM) Market - Global forecast to 2024”.

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.