Advanced Energy Storage Systems Market Analysis By Technology (Batteries, Flywheel, Thermal, Compressed Air, Molten Salt) And Segment Forecasts To 2022

Published: May, 2015 | Pages: 84 | Publisher: Grand View Research
Industry: Power | Report Format: Electronic (PDF)

Global Advanced Energy Storage Systems Market By Technology (Batteries, Flywheel, Thermal, Compressed Air, Molten Salt) Is Expected To Reach USD 6.93 Billion By 2022
May 2015
Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

Further key findings from the study suggest:

Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.
Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.
North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.
Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.
Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.
For the purpose of this study, Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

Batteries
Flywheel
Thermal
Compressed Air
Molten Salt
Global Advanced Energy Storage Systems Regional Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

North America
U.S.
Europe
Germany
UK
Latin America
Brazil
Asia Pacific
China
India
Japan
MEA
Saudi Arabia

Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Advanced Energy Storage Systems Market - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 3. Advanced Energy Storage Systems Industry Outlook
3.1. Advanced energy storage systems market segmentation
3.2. Advanced energy storage systems market size and growth prospects, 2012 - 2022
3.3. Advanced energy storage systems market - Value chain analysis
3.3.1. Vendor landscape
3.4. Installed capacities worldwide, by technology, 2014
3.5. Regulatory framework
3.6. Advanced energy storage systems market dynamics
3.6.1. Market driver analysis
3.6.1.1. Increasing advanced energy demand
3.6.1.2. Favorable regulatory scenario
3.6.1.3. Positive Electric Vehicle market outlook
3.6.2. Market restraint analysis
3.6.2.1. High capital cost
3.7. Key market opportunities - Prioritized
3.8. Industry analysis - Porter's
3.9. Advanced energy storage systems market PESTEL analysis, 2014
Chapter 4. Advanced Energy Storage Systems Technology Outlook
4.1. Global Advanced Energy Storage Systems market share by technology, 2014 & 2022
4.2. Batteries
4.2.1. Market estimates and forecast, 2012 - 2022
4.2.2. Market estimates and forecast, by region, 2012 - 2022
4.3. Flywheels
4.3.1. Market estimates and forecast, 2012 - 2022
4.3.2. Market estimates and forecast, by region, 2012 - 2022
4.4. Thermal
4.4.1. Market estimates and forecast, 2012 - 2022
4.4.2. Market estimates and forecast, by region, 2012 - 2022
4.5. Molten Salt
4.5.1. Market estimates and forecast, 2012 - 2022
4.5.2. Market estimates and forecast, by region, 2012 - 2022
4.6. Compressed Air
4.6.1. Market estimates and forecast, 2012 - 2022
4.6.2. Market estimates and forecast, by region, 2012 - 2022
Chapter 5. Advanced Energy Storage Systems Regional Outlook
5.1. Global advanced energy storage systems market share by region, 2014 & 2022
5.2. North America
5.2.1. North America market estimates and forecast, 2012 - 2022
5.2.2. North America market estimates and forecast, by technology, 2012 - 2022
5.2.3. U.S.
5.2.3.1. U.S. market estimates and forecast, 2012 - 2022
5.2.3.2. U.S. market estimates and forecast, by technology, 2012 - 2022
5.3. Europe
5.3.1. Europe market estimates and forecast, 2012 - 2022
5.3.2. Europe market estimates and forecast, by technology, 2012 - 2022
5.3.3. Germany
5.3.3.1. Germany market estimates and forecast, 2012 - 2022
5.3.3.2. Germany market estimates and forecast by technology, 2012 - 2022
5.3.4. UK
5.3.4.1. UK market estimates and forecast, 2012 - 2022
5.3.4.2. UK market estimates and forecast by technology, 2012 - 2022
5.4. Latin America
5.4.1. Latin America market estimates and forecast, 2012 - 2022
5.4.2. Latin America market estimates and forecast by technology, 2012 - 2022
5.4.3. Brazil
5.4.3.1. Brazil market estimates and forecast, 2012 - 2022
5.4.3.2. Brazil market estimates and forecast by technology, 2012 - 2022
5.5. Asia Pacific
5.5.1. Asia Pacific market estimates and forecast, 2012 - 2022
5.5.2. Asia Pacific market estimates and forecast by technology, 2012 - 2022
5.5.3. China
5.5.3.1. China market estimates and forecast, 2012 - 2022
5.5.3.2. China market estimates and forecast by technology, 2012 - 2022
5.5.4. India
5.5.4.1. India market estimates and forecast, 2012 - 2022
5.5.4.2. India market estimates and forecast by technology, 2012 - 2022
5.5.5. Japan
5.5.5.1. Japan market estimates and forecast, 2012 - 2022
5.5.5.2. Japan market estimates and forecast by technology, 2012 - 2022
5.6. MEA
5.6.1. MEA market estimates and forecast, 2012 - 2022
5.6.2. MEA market estimates and forecast by technology, 2012 - 2022
5.6.3. Saudi Arabia
5.6.3.1. Saudi Arabia market estimates and forecast, 2012 - 2022
5.6.3.2. Saudi Arabia market estimates and forecast by technology, 2012 - 2022
Chapter 6. Competitive Landscape
6.1. AES Energy Storage
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Alevo
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. GE
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. LG Chem
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. ZBB systems
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. A123 Systems, Llc.
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. Active Power, Inc.
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Altair Nanotechnologies Inc
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. China Bak Battery Inc.
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Electrovaya Inc.
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. Energizer Holdings Inc.
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives
6.12. Enersys
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Strategic Initiatives
6.13. Exide Technologies
6.13.1. Company Overview
6.13.2. Financial Performance
6.13.3. Product Benchmarking
6.13.4. Strategic Initiatives
6.14. GS Yuasa Corporation
6.14.1. Company Overview
6.14.2. Financial Performance
6.14.3. Product Benchmarking
6.14.4. Strategic Initiatives
6.15. Hitachi
6.15.1. Company Overview
6.15.2. Financial Performance
6.15.3. Product Benchmarking
6.15.4. Strategic Initiatives
6.16. Maxwell Technologies Inc.
6.16.1. Company Overview
6.16.2. Financial Performance
6.16.3. Product Benchmarking
6.16.4. Strategic Initiatives
6.17. Nippon Chemi-Con Corporation
6.17.1. Company Overview
6.17.2. Financial Performance
6.17.3. Product Benchmarking
6.17.4. Strategic Initiatives
6.18. SAFT
6.18.1. Company Overview
6.18.2. Financial Performance
6.18.3. Product Benchmarking
6.18.4. Strategic Initiatives
6.19. Samsung SDI Co. Ltd.
6.19.1. Company Overview
6.19.2. Financial Performance
6.19.3. Product Benchmarking
6.19.4. Strategic Initiatives
6.20. The Furukawa Battery Co. Ltd
6.20.1. Company Overview
6.20.2. Financial Performance
6.20.3. Product Benchmarking
6.20.4. Strategic Initiatives
6.21. Alstom
6.21.1. Company Overview
6.21.2. Financial Performance
6.21.3. Product Benchmarking
6.21.4. Strategic Initiatives
6.22. Kokam
6.22.1. Company Overview
6.22.2. Financial Performance
6.22.3. Product Benchmarking
6.22.4. Strategic Initiatives
6.22. Ecoult Energy Storage Solutions
6.23.1. Company Overview
6.23.2. Financial Performance
6.23.3. Product Benchmarking
6.23.4. Strategic Initiatives
6.24. Duke Energy
6.24.1. Company Overview
6.24.2. Financial Performance
6.24.3. Product Benchmarking
6.24.4. Strategic Initiatives

List of Tables
1. Advanced Energy Storage Systems - Industry Summary & Key Buying Criteria
2. Advanced energy storage systems - Key market driver analysis
3. Advanced energy storage systems - Key market restraint analysis
4. Global advanced energy storage systems market estimates and forecast, by technology, (MW) (USD Million)
5. Global battery advanced energy storage systems market estimates and forecast, (MW) (USD Million)
6. Global battery advanced energy storage systems market estimates and forecast by region, (MW)
7. Global battery advanced energy storage systems market estimates and forecast by region, (USD Million)
8. Global flywheel advanced energy storage systems market estimates and forecast, (MW) (USD Million)
9. Global flywheel advanced energy storage systems market estimates and forecast by region, (MW)
10. Global flywheel advanced energy storage systems market estimates and forecast by region, (USD Million)
11. Global thermal advanced energy storage systems market estimates and forecast, (MW) (USD Million)
12. Global thermal advanced energy storage systems market estimates and forecast by region, (USD Million)
13. Global thermal advanced energy storage systems market estimates and forecast by region, (MW)
14. Global molten salt advanced energy storage systems market estimates and forecast, (MW) (USD Million)
15. Global molten salt advanced energy storage systems market estimates and forecast by region, (USD Million)
16. Global molten salt advanced energy storage systems market estimates and forecast by region, (MW)
17. Global compressed air advanced energy storage systems market estimates and forecast, (MW) (USD Million)
18. Global compressed air advanced energy storage systems market estimates and forecast by region, 2012 - 2022 (MW)
19. Global compressed air advanced energy storage systems market estimates and forecast by region, 2012 - 2022 (USD Million)
20. Global advanced energy storage systems market estimates and forecast, by region, 2012-2022 (MW) (USD Million)
21. North America advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
22. North America advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
23. North America advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
24. U.S. advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
25. U.S. advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
26. U.S. advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
27. Europe advanced energy storage systems market estimates and forecast, (MW) (USD Million)
28. Europe advanced energy storage systems market revenue estimates and forecast by technology, 2012-2022 (MW)
29. Europe advanced energy storage systems market revenue estimates and forecast by technology, 2012-2022 (USD Million)
30. Germany advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
31. Germany advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
32. Germany advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
33. UK advanced energy storage systems market estimates and forecast, 2012-2022 (MW) (USD Million)
34. UK advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
35. UK advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
36. Asia Pacific advanced energy storage systems market estimates and forecast, (MW) (USD Million)
37. Asia Pacific advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
38. Asia Pacific advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
39. China advanced energy storage systems market estimates and forecast, (MW) (USD Million)
40. China advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
41. China advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
42. India advanced energy storage systems market estimates and forecast, (MW) (USD Million)
43. India advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
44. India advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
45. Japan advanced energy storage systems market estimates and forecast, (MW) (USD Million)
46. Japan advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
47. Japan advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
48. Latin America advanced energy storage systems market estimates and forecast, (MW) (USD Million)
49. Latin America advanced energy storage systems market estimates and forecast by technology, 2012-2022(MW)
50. Latin America advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
51. Brazil advanced energy storage systems market estimates and forecast, (MW) (USD Million)
52. Brazil advanced energy storage systems market estimates and forecast by technology, 2012-2022(MW)
53. Brazil advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
54. MEA advanced energy storage systems market estimates and forecast, (MW) (USD Million)
55. MEA advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
56. MEA advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)
57. Saudi Arabia advanced energy storage systems market estimates and forecast, (MW) (USD Million)
58. Saudi Arabia advanced energy storage systems market estimates and forecast by technology, 2012-2022 (MW)
59. Saudi Arabia advanced energy storage systems market estimates and forecast by technology, 2012-2022 (USD Million)

List of Figures
1. Advanced energy storage systems market segmentation
2. Global advanced energy storage systems market estimates and forecast, 2012 - 2022 (Mega Watt) (USD million)
3. Advanced energy storage systems - Value chain analysis
4. Advanced energy storage systems - Market dynamics
5. Key opportunities prioritized
6. Industry analysis - Porter's
7. Advanced energy storage systems PESTEL analysis
8. Global advanced energy storage systems market share by technology, 2014 & 2022
9. Global battery advanced energy storage systems market share, 2012 - 2022 (MW) (USD Million)
10. Global flywheel advanced energy storage systems market share, 2012 - 2022 (MW) (USD Million)
11. Global thermal advanced energy storage systems market share, 2012 - 2022 (MW) (USD Million)
12. Global molten salt advanced energy storage systems market share, 2012 - 2022 (MW) (USD Million)
13. Global compressed air advanced energy storage systems market share, 2012 - 2022 (MW) (USD Million)
14. Global advanced energy storage systems market share by region, 2014 & 2022
15. North America advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
16. U.S. advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
17. Europe advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
18. Germany advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
19. UK advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
20. Latin America advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
21. Brazil advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
22. Asia Pacific advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
23. China advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
24. India advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
25. Japan advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
26. MEA advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)
27. Saudi Arabia advanced energy storage systems market estimates and forecast, 2012 - 2022 (MW) (USD Million)