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Energy Storage System (ESS) Market Size, Share, Trend Analysis and Forecast by Technology (Electromechanical, Electrochemical, and Thermal Storage), End-Use and Region, 2021-2026

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    Report

  • 141 Pages
  • October 2022
  • Region: Global
  • GlobalData
  • ID: 5696522
Description Jump to:
The global energy storage system market report provides an executive-level overview of the current energy storage solutions globally, with detailed forecasts of key indicators up to 2026. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by technology and end-use across regional markets, as well as a review of key market and technology trends

Adoption of renewables require flexible technologies to maintain grid reliability drives the demand for energy storage system solutions. Additionally, attractive incentives towards clean energy technologies is projected to aid the market growth over the forecast period.

According to the publisher estimates, the global energy storage system market will grow from US$61.9 billion in 2021 to US$113.9 billion in 2026 at a CAGR of 13.0%. One of the most detrimental factors positevely aiding the market growth is rise initatives to make switch towards clean energy systems.

Scope

The market intelligence report provides an in-depth analysis of the following:

  • Energy storage system market outlook: analysis as well as historical figures and forecasts of volume and revenue opportunities from the technology, end-use, and regional segments
  • The competitive landscape: an examination of the positioning of leading players in the Cloud Computing Market
  • Company snapshots: analysis of the market position of leading service providers in the Cloud Computing Market
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of the global ESS market by technology, end-use, and key opportunities in a concise format to help executives build proactive and profitable growth strategies
  • Accompanying the publisher's Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in ESS markets
  • The report also highlights key technology segments (Electromechanical, Electrochemical, and Thermal Storage)
  • The report also highlights key end-use segments (Grid-Scale, Commercial & Industrial, Residential)
  • With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in ESS markets
  • The broad perspective of the report coupled with comprehensive, actionable detail will help energy and power sector stakeholders, service providers, and other ESS players succeed in growing the ESS market globally

Table of Contents

CHAPTER 01 Executive Summary
1.1 Energy Storage System Market Snapshot
CHAPTER 02 Research Scope & Segmentation
CHAPTER 03 Industry Outlook & Trend Analysis
3.1 Macroeconomic Indicators
3.2 Energy Storage Systems - Industry Value Chain
3.2.1 LIST OF EQUIPMENT MANUFACTURERS
3.2.2 LIST OF ENGINEERING, PROCUREMENT, AND CONSTRUCTION PLAYERS
3.2.3 LIST OF POWER GENERATION VENDORS
3.2.4 LIST OF TRANSMISSION & DISTRIBUTION COMPANIES
3.3 Technological Trends
3.3.1 MECHANICAL STORAGE
3.3.1.1 PHS
3.3.1.2 Flywheel energy storage (FES)
3.3.1.3 CAES
3.3.2 ELECTROCHEMICAL ENERGY STORAGE
3.3.2.1 Battery chemistry
3.3.2.2 Battery types
3.3.2.3 Battery technologies
3.3.2.3.1 Lead-acid batteries
3.3.2.3.2 Li-ion batteries
3.3.2.3.3 Flow systems
3.3.2.3.4 Sodium Sulphur (NaS) batteries
3.3.3 THERMAL ENERGY STORAGE
3.3.4 ELECTRICAL ENERGY STORAGE
3.3.4.1 SMES
3.3.4.2 Capacitors or supercapacitors
3.4 Regulatory Trends
3.5 Energy Storage Systems - Market Variables & Impact Analysis
3.5.1 MARKET DRIVER ANALYSIS
3.5.1.1 Adoption of Renewables Would Require Flexible Technologies to Maintain Grid Reliability
3.5.1.2 Increasing Retail Tariffs and Decline in Incentives Will Complement Self-Sufficiency Measures
3.5.1.3 Falling Prices to Help Distributed Energy Technologies Achieve Grid Parity
3.5.2 MARKET RESTRAINT ANALYSIS
3.5.2.1 Cost Perception in Price-Sensitive Markets Could Impede Growth
3.5.2.2 Volatility in Material Supply Chain and Prices Could Impede Growth
3.5.2.3 Absence of Incentives Could Deter Energy Storage Deployment
3.5.3 COVID-19 IMPACT ANALYSIS
3.5.3.1 Temporary Slowdown of ESS Deployment
3.5.3.2 COVID Accelerated Renewable Deployment
3.5.3.3 Energy storage and the COVID-19 recovery
3.6 Energy Storage System Market Structure - PORTER’s Analysis
3.7 Environmental Impact Analysis
3.8 Major Developments of Energy Storage System Market
3.9 Energy Storage Systems- Mergers & Acquisitions (M&A)
3.10 Energy Storage Systems - Patent Analysis
3.10.1 PATENT ANALYTICAL DASHBOARD
CHAPTER 04 Global Energy Storage System Revenue Opportunity
4.1 Global Market Revenue Snapshot
4.2 Global Energy Storage System By Technology
4.3 Global Energy Storage System By End-Use
4.4 Applications of Energy Storage Systems
CHAPTER 05 Energy Storage System (EES) Regional Outlook
5.1 Energy Storage System (EES) - Regional Deep Dive
5.2 Americas Energy Storage System (ESS) Market Snapshot
5.2.1 AMERICAS ENERGY STORAGE SYSTEM MARKET, BY TECHNOLOGY
5.2.2 AMERICAS ENERGY STORAGE SYSTEM MARKET, BY END-USE
5.2.3 U.S. ENERGY STORAGE SYSTEM MARKET
5.2.3.1 U.S. Energy Storage System Market, By Technology
5.2.3.2 U.S. Energy Storage System Market, By End-Use
5.2.4 REST OF AMERICAS ENERGY STORAGE SYSTEM MARKET
5.2.4.1 Rest of Americas Energy Storage System Market, By Technology
5.2.4.2 Rest of Americas Energy Storage System Market, By End-Use
5.3 EMEA Energy Storage System (ESS) Market Snapshot
5.3.1 EMEA ENERGY STORAGE SYSTEM MARKET, BY TECHNOLOGY
5.3.2 EMEA ENERGY STORAGE SYSTEM MARKET, BY END-USE
5.3.3 GERMANY ENERGY STORAGE SYSTEM MARKET
5.3.3.1 Germany Energy Storage System Market, By Technology
5.3.3.2 Germany Energy Storage System Market, By End-Use
5.3.4 UK STORAGE SYSTEM MARKET
5.3.4.1 UK Energy Storage System Market, By Technology
5.3.4.2 UK Energy Storage System Market, By End-Use
5.3.5 FRANCE STORAGE SYSTEM MARKET
5.3.5.1 France Energy Storage System Market, By Technology
5.3.5.2 France Energy Storage System Market, By End-Use
5.3.6 REST OF EMEA STORAGE SYSTEM MARKET
5.3.6.1 Rest of EMEA Energy Storage System Market, By Technology
5.3.6.2 Rest of EMEA Energy Storage System Market, By End-Use
5.4 Asia Pacific Energy Storage System (ESS) Market Snapshot
5.4.1 ASIA PACIFIC ENERGY STORAGE SYSTEM MARKET, BY TECHNOLOGY
5.4.2 ASIA PACIFIC ENERGY STORAGE SYSTEM MARKET, BY END-USE
5.4.3 CHINA ENERGY STORAGE SYSTEM MARKET
5.4.3.1 China Energy Storage System Market, By Technology
5.4.3.2 China Energy Storage System Market, By End-Use
5.4.4 INDIA STORAGE SYSTEM MARKET
5.4.4.1 India Energy Storage System Market, By Technology
5.4.4.2 India Energy Storage System Market, By End-Use
5.4.5 JAPAN STORAGE SYSTEM MARKET
5.4.5.1 Japan Energy Storage System Market, By Technology
5.4.5.2 Japan Energy Storage System Market, By End-Use
5.4.6 SOUTH KOREA STORAGE SYSTEM MARKET
5.4.6.1 South Korea Energy Storage System Market, By Technology
5.4.6.2 South Korea Energy Storage System Market, By End-Use
5.4.7 AUSTRALIA STORAGE SYSTEM MARKET
5.4.7.1 Australia Energy Storage System Market, By Technology
5.4.7.2 Australia Energy Storage System Market, By End-Use
5.4.8 REST OF ASIA PACIFIC STORAGE SYSTEM MARKET
5.4.8.1 Rest of Asia Pacific Energy Storage System Market, By Technology
5.4.8.2 Rest of Asia Pacific Energy Storage System Market, By End-Use
CHAPTER 06 Competitive Analysis
6.1 Key Players & Recent Developments & Their Impact on the Industry
6.2 List of Energy Storage Tenders & Contracts
6.3 List of Energy Storage Projects
6.4 Case Studies
6.4.1 ANGAS A-CAES PROJECT, ANGAS ZINC MINE, AUSTRALIA
6.4.2 SIEMENS GAMESA DEMONSTRATOR PLANT, GERMANY
6.4.3 HIGHVIEW POWER CRYOBATTERY, UK
6.4.4 PROJECT CENTURION, RUNCORN, UK
6.4.5 RAVENSWOOD GENERATING STATION BATTERY STORAGE
CHAPTER 07 Company Profiles
7.1 GE Renewable Energy
7.2 LG Energy Solutions
7.3 SAMSUNG SDI CO.,LTD.
7.4 NGK Insulators Ltd
7.5 BYD Co Ltd
7.6 Saft
7.7 Amber Kinetics, Inc.
7.8 Voith GmbH & Co. KGaA
7.9 Contemporary Amperex Technology Ltd
7.10 CALMAC
7.11 ANDRITZ
7.12 Hydrostor Inc.
7.13 MAN Energy Solutions SE
7.14 VYCON, C&D TECHNOLOGIES, INC.
7.15 Fluence
7.16 Narada
7.17 Abengoa
7.18 Brenmiller Energy Ltd.
7.19 A123 Systems LLC
7.20 Sinexcel
7.21 Xtreme Power Inc.
7.22 NextEra Energy, Inc.
7.23 Tesla
7.24 sonnenGroup
7.25 Leclanché SA
CHAPTER 08 Methodology and Scope
8.1 Research Elements
8.2 Information Procurement
8.3 Energy Storage System Analysis
8.4 Market Opportunity Forecast - Research Methodology & Formulation
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List of Tables
Table 1 Key Trends Overview
Table 2 Global Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 3 Global Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 4 Global Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 5 Global Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 6 Americas Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 7 Americas Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 8 Americas Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 9 Americas Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 10 U.S. Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 11 U.S. Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 12 U.S. Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 13 U.S. Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 14 Rest of Americas Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 15 Rest of Americas Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 16 Rest of Americas Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 17 Rest of Americas Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 18 EMEA Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 19 EMEA Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 20 EMEA Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 21 EMEA Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 22 Germany Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 23 Germany Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 24 Germany Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 25 Germany Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 26 UK Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 27 UK Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 28 UK Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 29 UK Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 30 France Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 31 France Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 32 France Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 33 France Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 34 Rest of EMEA Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 35 Rest of EMEA Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 36 Rest of EMEA Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 37 Rest of EMEA Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 38 Asia Pacific Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 39 Asia Pacific Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 40 Asia Pacific Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 41 Asia Pacific Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 42 China Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 43 China Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 44 China Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 45 China Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 46 India Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 47 India Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 48 India Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 49 India Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 50 Japan Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 51 Japan Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 52 Japan Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 53 Japan Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 54 South Korea Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 55 South Korea Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 56 South Korea Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 57 South Korea Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 58 Australia Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 59 Australia Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 60 Australia Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 61 Australia Energy Storage System Market By End-Use, 2019 - 2026 (MW)
Table 62 Rest of Asia Pacific Energy Storage System Market By Technology, 2019 - 2026 (USD Million)
Table 63 Rest of Asia Pacific Energy Storage System Market By Technology, 2019 - 2026 (MW)
Table 64 Rest of Asia Pacific Energy Storage System Market By End-Use, 2019 - 2026 (USD Million)
Table 65 Rest of Asia Pacific Energy Storage System Market By End-Use, 2019 - 2026 (MW)
List of Figures
Figure 1 Market snapshot
Figure 2 Energy storage system (ESS) market segmentation
Figure 3 Industry value chain
Figure 4 Type of Energy Storage Systems
Figure 5 Mechanical and thermal value chain
Figure 6 Electrochemical battery value chain
Figure 7 Hydrogen storage value chain
Figure 8 Type of energy storage technologies
Figure 9 Energy storage systems market - Key drivers impact analysis
Figure 10 Energy storage systems market - Key restraint impact analysis
Figure 11 Energy storage systems market - PORTER’s analysis
Figure 12 Energy Storage Systems (EES)- Patent Activity Dashboard
Figure 13 Global energy storage system market -Revenue opportunity forecast, 2019-2026 (USD Million)
Figure 14 Global energy storage system market by technology, 2019-2026 (USD Million)
Figure 15 Global energy storage system market by end-use, 2019-2026 (USD Million)
Figure 16 Energy storage system, maturity of different storage technologies
Figure 17 Energy storage system applications
Figure 18 Energy Storage System (EES)- Market Overview
Figure 19 Americas energy storage system (ESS) market snapshot
Figure 20 Americas energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 21 Americas energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 22 U.S. energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 23 U.S. energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 24 Rest of Americas energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 25 Rest of Americas energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 26 EMEA energy storage system (ESS) market snapshot
Figure 27 EMEA energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 28 EMEA energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 29 Germany energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 30 Germany energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 31 UK energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 32 UK energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 33 France energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 34 France energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 35 Rest of EMEA energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 36 Rest of EMEA energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 37 Asia Pacific energy storage system (ESS) market snapshot
Figure 38 Asia Pacific energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 39 Asia Pacific energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 40 China energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 41 China energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 42 India energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 43 India energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 44 Japan energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 45 Japan energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 46 South Korea energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 47 South Korea energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 48 Australia energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 49 Australia energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 50 Rest of Asia Pacific energy storage system (ESS) by technology type share - 2021 & 2026 (%)
Figure 51 Rest of Asia Pacific energy storage system (ESS) by end-use type share - 2021 & 2026 (%)
Figure 52 Company snapshot: GE Renewable Energy
Figure 53 Company snapshot: LG Energy Solutions
Figure 54 Company snapshot: SAMSUNG SDI CO.,LTD.
Figure 55 Company snapshot: NGK Insulators Ltd
Figure 56 Company snapshot: BYD Co Ltd
Figure 57 Company snapshot: Saft
Figure 58 Company snapshot: Amber Kinetics, Inc.
Figure 59 Company snapshot: Voith GmbH & Co. KGaA
Figure 60 Company snapshot: Contemporary Amperex Technology Ltd
Figure 61 Company snapshot: CALMAC
Figure 62 Data analysis model
Figure 63 Consumer survey process

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • GE Renewable Energy
  • LG Energy Solutions
  • SAMSUNG SDI CO.,LTD.
  • NGK Insulators Ltd
  • BYD Co Ltd
  • Saft
  • Amber Kinetics, Inc.
  • Voith GmbH & Co. KGaA
  • Contemporary Amperex Technology Ltd
  • CALMAC

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