Energy Storage Systems Market Size & Forecast 2022

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Energy Storage Systems Market Report, published by Allied Market Research, forecasts that the global market was valued at $172,236 million in 2015, is expected to garner $264,953 million by 2022, registering a CAGR of 6.4% during the period 2016 - 2022.It is anticipated that pumped hydro storage technology segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the forecast period.The increasing production of renewable energy by major economies across the world is driving the market for energy storage systems. Coupled with the increasing usage of renewable resources, the growing interest towards adoption of electric vehicles will also fuel the growth of energy storage systems. Read more details at: https://www.alliedmarketresearch.com/advanced-energy-storage-systems-market

Engineering

Opportunities and Forecasts,
2014 – 2022
Pages: 146
Published: 2016

ENERGY STORAGE SYSTEMS
MARKET
“China and South Korea are driving the growth of energy storage systems
market in Asia-pacific with an increasing focus on production of electric
vehicles in future.”
Eswara Prasad

• Energy Storage Systems Market Report, published by Allied Market Research,
forecasts that the global market was valued at $172,236 million in 2015, is
expected to garner $264,953 million by 2022, registering a CAGR of 6.4% during
the period 2016 - 2022.
• It is anticipated that pumped hydro storage technology segment would generate
the highest revenue throughout the forecast period.
• In the year 2015, Asia-Pacific led the global market and is expected to maintain
its position throughout the forecast period.
• The increasing production of renewable energy by major economies across the
world is driving the market for energy storage systems.
Read more at : https://www.alliedmarketresearch.com/advanced-
energy-storage-systems-market
ENERGY STORAGE SYSTEMS
MARKET OVERVIEW

BREAKDOWN OF PRIMARY
RESPONDENTS ENERGY STORAGE
SYSTEMS MARKET

ENERGY STORAGE SYSTEMS
MARKET KEY BENEFITS
• The study provides quantitative analysis of the world energy storage
systems market with current trends and future estimations through
2014‐2022 to identify the prevailing market opportunities to capitalize on.
• Extensive analysis by end-user industry and method of synthesis predicts
the various types of energy storage systems used in different end-user
applications.
• Competitive intelligence highlights the business practices followed by
leading players across various regions.
• An in-depth analysis of current research and clinical developments within
world energy storage systems market is provided with key dynamic factors
that affect the market behavior.

TOP INVESTMENT POCKETS OF
ENERGY STORAGE SYSTEMS
MARKET

• Pumped hydro storage segment is expected to account for major market
share in 2015 and is expected to stay in the dominating position along the
forecast period
• Non-residential end-user segment is expected to grow at a CAGR of 7.6%
during the forecast period
• Asia-Pacific is anticipated to lead the market throughout 2022, growing at
a CAGR of 7.3%, in value terms.
• Flywheel is the fastest growing segment in the Asia-pacific region growing
at an estimated CAGR of 28.9% in terms of value
• In North America, U. S occupies a major share of around 83.8% in 2015
ENERGY STORAGE SYSTEMS
MARKET KEY FINDINGS

CHINA ENERGY STORAGE SYSTEMS
MARKET: 2014 - 2022
China is major country in terms of production and consumption of energy storage
systems in Asia-pacific. The country is flanked with major storage systems
manufactures such as BYD Battery Co. Ltd. Further China aims to increase the
production of electric vehicles which will propel the battery storage systems market
in Asia-pacific.

KEY PLAYERS IN INDUSTRY
• LG Chem., ABB Ltd.
• AES Energy Storage, LLC
• Beacon Power, LLC, BYD Company Limited
• Convergent Energy
• Power Inc.
• Greensmith Energy Management Systems
• Eos Energy Storage
• Seeo Inc.
• S&C Electric Company
Download Sample Report Here :
https://www.alliedmarketresearch.com/request-toc/134

OPPORTUNITIES IN ENERGY
STORAGE SYSTEMS MARKET

ENERGY STORAGE SYSTEMS
MARKET SEGMENTATION

ENERGY STORAGE SYSTEMS
MARKET BY GEOGRAPHY
North America
Europe,
Asia Pacific
LAMEA

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energy-storage-systems-market

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