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Advanced Energy Storage Systems Global Market Opportunities and Strategies to 2033

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    Report

  • 283 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5969580
This report describes and explains the advanced energy storage systems market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global advanced energy storage systems market reached a value of nearly $18.4 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.6% since 2018. The market is expected to grow from $18.4 billion in 2023 to $27.9 billion in 2028 at a rate of 8.7%. The market is then expected to grow at a CAGR of 10.4% from 2028 and reach $45.7 billion in 2033.

Growth in the historic period resulted from the increase in investments in renewable energy, aging grid infrastructure, increasing energy demand and consumption and growing population growth and urbanization. Factors that negatively affected growth in the historic period was lack of standardization.

Going forward, increasing demand for electric vehicles, rising infrastructure investment, coupled with government initiatives and funding and growing residential sector will drive the growth. Factor that could hinder the growth of the advanced energy storage systems market in the future include high initial investment costs.

The advanced energy storage systems market is segmented by technology into electrochemical storage, electromechanical storage and other technologies. The electromechanical storage market was the largest segment of the advanced energy storage systems market segmented by technology, accounting for 68.9% or $12.7 billion of the total in 2023. Going forward, the electrochemical storage segment is expected to be the fastest growing segment in the advanced energy storage systems market segmented by technology, at a CAGR of 9.8% during 2023-2028.

The advanced energy storage systems market is segmented by application into transportation, grid storage and other applications. The grid storage market was the largest segment of the advanced energy storage systems market segmented by application, accounting for 52.1% or $9.6 billion of the total in 2023. Going forward, the transportation segment is expected to be the fastest growing segment in the advanced energy storage systems market segmented by application, at a CAGR of 9.5% during 2023-2028.

The advanced energy storage systems market is segmented by end-user into residential and non-residential. The non-residential market was the largest segment of the advanced energy storage systems market segmented by end-user, accounting for 82.6% or $15.2 billion of the total in 2023. Going forward, the residential segment is expected to be the fastest growing segment in the advanced energy storage systems market segmented by end-user, at a CAGR of 8.3% during 2023-2028.

North America was the largest region in the advanced energy storage systems market, accounting for 40.3% or $7.4 billion of the total in 2023. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the advanced energy storage systems market will be Asia Pacific and North America where growth will be at CAGRs of 10% and 9.3% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 7.9% and 73% respectively.

The global advanced energy storage systems market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 22.9% of the total market in 2022. Tesla, Inc. was the largest competitor with 6.1% share of the market, followed by LG Electronics with 3.1%, ABB Ltd. with 2.7%, General Electric Company with 2.6%, Samsung SDI Co., Ltd with 2%, Siemens AG with 1.7%, Hitachi, Ltd. with 1.6%, Panasonic Corporation with 1.2%, Schneider Electric with 1% and GS Yuasa Corporation with 0.9%.

The top opportunities in the advanced energy storage systems market segmented by technology will arise in the electromechanical storage segment, which will gain $6.1 billion of global annual sales by 2028. The top opportunities in the advanced energy storage systems market segmented by application will arise in the grid storage segment, which will gain $4.8 billion of global annual sales by 2028. The top opportunities in the advanced energy storage systems market segmented by end-user will arise in the non-residential segment, which will gain $7.9 billion of global annual sales by 2028. The advanced energy storage systems market size will gain the most in the USA at $3.9 billion.

Market-trend-based strategies for the advanced energy storage systems market include development of integrated energy storage systems for unified storage, introduction of battery-based energy storage systems to store surplus energy, integration of artificial intelligence (AI) in energy storage systems to improve efficiency and focus on use 0f advanced materials to optimize energy storage.

Player-adopted strategies in the advanced energy storage systems market include focus on strengthening business capabilities through new product launches, strengthening business operations through new product developments and strategic partnerships and strengthening operational capabilities through securing new contracts.

To take advantage of the opportunities, the analyst recommends the advanced energy storage systems to focus on integrated energy storage solutions, focus on battery-based energy storage systems, focus on AI-integrated energy storage solutions, focus on advanced materials integration, focus on electrochemical and electromechanical storage segments, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on tailored solutions for end-users and focus on non-residential segment.

Table of Contents

1 Executive Summary
1.1 Advanced Energy Storage Systems - Market Attractiveness and Macro Economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Advanced Energy Storage Systems Market Definition and Segmentations
6.4 Market Segmentation by Technology
6.4.1 Electrochemical Storage
6.4.2 Electromechanical Storage
6.4.3 Other Technologies
6.5 Market Segmentation by Application
6.5.1 Transportation
6.5.2 Grid Storage
6.5.3 Other Applications
6.6 Market Segmentation by End-User
6.6.1 Residential
6.6.2 Non-Residential
7 Major Market Trends
7.1 Development of Integrated Energy Storage Systems for Unified Storage
7.2 Introduction of Battery-Based Energy Storage Systems to Store Surplus Energy
7.3 Integration of Artificial Intelligence (AI) in Energy Storage Systems to Improve Efficiency
7.4 Focus on Use 0f Advanced Materials to Optimize Energy Storage
8 Advanced Energy Storage Systems Market - Macro Economic Scenario
8.1 COVID-19 Impact on the Advanced Energy Storage Systems Market
8.2 Impact of the War in Ukraine on the Advanced Energy Storage Systems Market
8.3 Impact of High Inflation on the Advanced Energy Storage Systems Market
9 Global Market Size and Growth
9.1 Market Size
9.2 Historic Market Growth, 2018-2023, Value ($ Million)
9.2.1 Market Drivers 2018-2023
9.2.2 Market Restraints 2018-2023
9.3 Forecast Market Growth, 2023-2028, 2033F Value ($ Million)
9.3.1 Market Drivers 2023-2028
9.3.2 Market Restraints 2023-2028
10 Global Advanced Energy Storage Systems Market Segmentation
10.1 Global Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.2 Global Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.3 Global Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11 Advanced Energy Storage Systems Market, Regional and Country Analysis
11.1 Global Advanced Energy Storage Systems Market, by Region, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11.2 Global Advanced Energy Storage Systems Market, by Country, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12 Asia-Pacific Market
12.1 Summary
12.2 Market Overview
12.2.1 Region Information
12.2.2 Market Information
12.2.3 Background Information
12.2.4 Government Initiatives
12.2.5 Regulations
12.2.6 Regulatory Bodies
12.2.7 Major Associations
12.2.8 Taxes Levied
12.2.9 Corporate Tax Structure
12.2.10 Investments
12.2.11 Major Companies
12.3 Asia-Pacific Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.5 Asia-Pacific Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.6 Asia-Pacific Advanced Energy Storage Systems Market: Country Analysis
12.7 China Market
12.8 Summary
12.9 Market Overview
12.9.1 Country Information
12.9.2 Market Information
12.9.3 Background Information
12.9.4 Government Initiatives
12.9.5 Regulations
12.9.6 Regulatory Bodies
12.9.7 Major Associations
12.9.8 Taxes Levied
12.9.9 Corporate Tax Structure
12.9.10 Investments
12.9.11 Major Companies
12.10 China Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.11 China Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.12 China Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.13 India Market
12.14 India Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.15 India Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.16 India Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.17 Japan Market
12.18 Japan Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.19 Japan Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.20 Japan Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.21 Australia Market
12.22 Australia Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.23 Australia Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.24 Australia Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.25 Indonesia Market
12.26 Indonesia Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.27 Indonesia Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.28 Indonesia Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.29 South Korea Market
12.30 South Korea Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.31 South Korea Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.32 South Korea Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13 Western Europe Market
13.1 Summary
13.2 Market Overview
13.2.1 Region Information
13.2.2 Market Information
13.2.3 Background Information
13.2.4 Government Initiatives
13.2.5 Regulations
13.2.6 Regulatory Bodies
13.2.7 Major Associations
13.2.8 Taxes Levied
13.2.9 Corporate Tax Structure
13.2.10 Investments
13.2.11 Major Companies
13.3 Western Europe Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.5 Western Europe Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.6 Western Europe Advanced Energy Storage Systems Market: Country Analysis
13.7 UK Market
13.8 UK Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.9 UK Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.10 UK Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.11 Germany Market
13.12 Germany Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.13 Germany Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.14 Germany Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.15 France Market
13.16 France Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.17 France Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.18 France Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.19 Italy Market
13.20 Italy Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.21 Italy Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.22 Italy Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.23 Spain Market
13.24 Spain Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.25 Spain Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.26 Spain Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14 Eastern Europe Market
14.1 Summary
14.2 Market Overview
14.2.1 Region Information
14.2.2 Market Information
14.2.3 Background Information
14.2.4 Government Initiatives
14.2.5 Regulations
14.2.6 Regulatory Bodies
14.2.7 Major Associations
14.2.8 Taxes Levied
14.2.9 Corporate Tax Structure
14.2.10 Investments
14.2.11 Major Companies
14.3 Eastern Europe Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.5 Eastern Europe Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.6 Eastern Europe Advanced Energy Storage Systems Market: Country Analysis
14.7 Russia Market
14.8 Russia Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.9 Russia Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.10 Russia Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15 North America Market
15.1 Summary
15.2 Market Overview
15.2.1 Region Information
15.2.2 Market Information
15.2.3 Background Information
15.2.4 Government Initiatives
15.2.5 Regulations
15.2.6 Regulatory Bodies
15.2.7 Major Associations
15.2.8 Taxes Levied
15.2.9 Corporate Tax Structure
15.2.10 Investments
15.2.11 Major Companies
15.3 North America Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.4 North America Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.5 North America Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.6 North America Advanced Energy Storage Systems Market: Country Analysis
15.7 USA Market
15.8 Summary
15.9 Market Overview
15.9.1 Country Information
15.9.2 Market Information
15.9.3 Background Information
15.9.4 Government Initiatives
15.9.5 Regulations
15.9.6 Regulatory Bodies
15.9.7 Major Associations
15.9.8 Taxes Levied
15.9.9 Corporate Tax Structure
15.9.10 Investments
15.9.11 Major Companies
15.10 USA Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.11 USA Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.12 USA Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.13 Canada Market
15.14 Canada Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.15 Canada Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.16 Canada Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16 South America Market
16.1 Summary
16.2 Market Overview
16.2.1 Region Information
16.2.2 Market Information
16.2.3 Background Information
16.2.4 Government Initiatives
16.2.5 Regulations
16.2.6 Regulatory Bodies
16.2.7 Major Associations
16.2.8 Taxes Levied
16.2.9 Corporate Tax Structure
16.2.10 Investments
16.2.11 Major Companies
16.3 South America Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.4 South America Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.5 South America Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.6 South America Advanced Energy Storage Systems Market: Country Analysis
16.7 Brazil Market
16.8 Brazil Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.9 Brazil Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.10 Brazil Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17 Middle East Market
17.1 Summary
17.2 Market Overview
17.2.1 Region Information
17.2.2 Market Information
17.2.3 Background Information
17.2.4 Government Initiatives
17.2.5 Regulations
17.2.6 Regulatory Bodies
17.2.7 Major Associations
17.2.8 Taxes Levied
17.2.9 Corporate Tax Structure
17.2.10 Investments
17.2.11 Major Companies
17.3 Middle East Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.4 Middle East Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.5 Middle East Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18 Africa Market
18.1 Summary
18.2 Market Overview
18.2.1 Region Information
18.2.2 Market Information
18.2.3 Background Information
18.2.4 Government Initiatives
18.2.5 Regulations
18.2.6 Regulatory Bodies
18.2.7 Major Associations
18.2.8 Taxes Levied
18.2.9 Corporate Tax Structure
18.2.10 Investments
18.2.11 Major Companies
18.3 Africa Advanced Energy Storage Systems Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.4 Africa Advanced Energy Storage Systems Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.5 Africa Advanced Energy Storage Systems Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19 Competitive Landscape and Company Profiles
19.1 Company Profiles
19.2 Tesla, Inc
19.2.1 Company Overview
19.2.2 Products and Services
19.2.3 Business Strategy
19.2.4 Financial Overview
19.3 LG Electronics
19.3.1 Company Overview
19.3.2 Products and Services
19.3.3 Business Strategy
19.3.4 Financial Overview
19.4 ABB Limited
19.4.1 Company Overview
19.4.2 Products and Services
19.4.3 Business Strategy
19.4.4 Financial Overview
19.5 General Electric Company
19.5.1 Company Overview
19.5.2 Products and Services
19.5.3 Business Strategy
19.5.4 Financial Overview
19.6 Samsung SDI Co Ltd
19.6.1 Company Overview
19.6.2 Products and Services
19.6.3 Business Strategy
19.6.4 Financial Overview
20 Competitive Benchmarking21 Competitive Dashboard
22 Key Mergers and Acquisitions
22.1 Myers Emergency Power Systems (Myers EPS) Acquired Storage Power Solutions (SPS)
22.2 Hitachi Energy Acquired Eks Energy
22.3 Bhago Mobility Solutions Private Limited Acquired a Stake in Pastiche Energy Solutions
22.4 LG Energy Solutions Acquired NEC Energy Solutions
22.5 Pramac Acquired Off Grid Energy Ltd
22.6 Fluence Energy Acquired Advanced Microgrid Solutions (AMS)
23 Opportunities and Strategies
23.1 Global Advanced Energy Storage Systems Market in 2028 - Countries Offering Most New Opportunities
23.2 Global Advanced Energy Storage Systems Market in 2028 - Segments Offering Most New Opportunities
23.3 Global Advanced Energy Storage Systems Market in 2028 - Growth Strategies
23.3.1 Market Trend Based Strategies
23.3.2 Competitor Strategies
24 Advanced Energy Storage Systems Market, Conclusions and Recommendations
24.1 Conclusions
24.2 Recommendations
24.2.1 Product
24.2.2 Place
24.2.3 Price
24.2.4 Promotion
24.2.5 People
25 Appendix
25.1 Geographies Covered
25.2 Market Data Sources
25.3 Research Methodology
25.4 Currencies
25.5 About the Analyst
25.6 Copyright and Disclaimer

Executive Summary

Advanced Energy Storage Systems Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global advanced energy storage systems market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies based on local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis

Description

Where is the largest and fastest-growing market for advanced energy storage systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The advanced energy storage systems market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider advanced energy storage systems market; and compares it with other markets.

The report covers the following chapters:

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by technology, by application and by end-user.
  • Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the advanced energy storage systems market.
  • Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis-. Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by technology, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
  • Competitive Dashboard - Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for advanced energy storage systems providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) by Technology: Electrochemical Storage; Electromechanical Storage;Other Technologies.
2) by Application: Transportation; Grid Storage; Other Applications.
3) by End User: Residential; Non-Residential.

Key Companies Mentioned: Tesla, Inc.; LG Electronics; ABB Ltd.; General Electric Company; Samsung SDI Co., Ltd

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; advanced energy storage systems indicators comparison.

Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

  • Tesla, Inc.
  • LG Electronics ABB Ltd.
  • General Electric Company
  • Samsung SDI Co., Ltd
  • Siemens AG
  • Hitachi, Ltd.
  • Panasonic Corporation
  • Schneider Electric
  • GS Yuasa Corporation
  • GCL System Integration Technology
  • Hithium Energy Storage
  • Smart Energy Service Group Co. LTD
  • CATL (Contemporary Amperex Technology Co. Limited)
  • BYD Company Limited
  • Pastiche Energy Solutions (P) Ltd
  • Electro Power Systems (EPS)
  • Exide Industries
  • Statera Energy
  • Sonnen GmbH
  • VARTA AG
  • Ingeteam Energy, S.A.
  • Zigor Corporation S.A.
  • Saft Groupe S.A.
  • Tauron Polska Energia S.A.
  • Solarpro Holding PLC
  • Wamtechnik Sp. z o.o.
  • Impact Clean Power Technology SA
  • RENERA LLC
  • DTEK Group
  • QOLTEC
  • AES Energy
  • LG Chem Energy Solutions
  • Fluence (a Siemens and AES company)
  • Powin Energy Corporation
  • Lockheed Martin Energy
  • Eos Energy Storage
  • STEM, Inc
  • Ormat Technologies, Inc
  • YPF Solar
  • AES Andes S.A.
  • Abengoa Solar
  • Brenmiller Energy
  • Phinergy
  • Soltell Systems
  • H2 Energy Now
  • MaterialsZone
  • Chakratec
  • Sparkion
  • ACWA Power
  • Saudi Electricity Company (SEC)
  • Desert Technologies
  • Schneider Electric Nigeria
  • Solar Africa Energy Pty Ltd.
  • Blue Nova Energy
  • BTE Renewables
  • Azelio AB

Methodology

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Table Information