• +1 513 549 5911 (U.S.)
  • +44 203 318 2846 (U.K.)

30 mins free consultation for each report        Upto 50% Discounts for Highest selling reports

Energy Storage Market

Global Energy Storage Market Research Report - Forecast to 2023

  • Published Date : 16 Jun 2018
  • Market Research Future
  • Category : Energy and Power
  • Pages : 105

Report Description 
Introduction 
Energy storage is a very diverse subject areas, it comprises from small to very large systems. Energy storage is broadly segmented into mechanical energy storage, electro-chemical energy storage, thermal storage and chemical storage. Energy storage systems have been dominating the renewable energy market as well conventional market in recent years because of the ability of store the energy in various forms and supply according to end user needs. 
Energy storage market looks promising during the forecast period due to evolution in renewable energy power generation, gradual downfall in technology cost and increasing application of energy storage in all end-user industries. This is mainly because, energy storage systems are less polluting and produces less carbon emissions when compared with traditional conventional energy sources such as coal, oil and petroleum. Energy storage generation is helping in the fight against climate change as well as it is acting as a source of power for remote and off grid areas where still millions of global population lives. However, the growth of the market can be hindered by the due high initial capital investment and indistinct supervisory framework for energy storage systems. The global energy storage market is expected to grow at a CAGR of 20.18%, during the forecast period. 
Key Players 
The key players of global energy storage market are AES Corporation (U.S), Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highview Power Storage, Linde AG, Hydrogenics Corporation and SolarReserve, LLC.

Objective of Global Energy storage Market Analysis & Forecast, from 2016 to 2023 
• To provide insights about factors influencing and affecting the market growth. 
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries 
• To provide historical and forecast revenue of the market segments based on operating system. 
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience 
• Manufactures 
• Raw materials suppliers 
• Aftermarket suppliers 
• Research institute & education institute 
• Potential investors 
• Key executive (CEO and COO) and strategy growth manager

Key Findings 
• On the basis of type, the market is segmented as mechanical, electro-chemical, thermal storage, chemical energy storage. Thermal energy storage is projected to grow at the highest CAGR of 10.03% during the forecast period. 
• On the basis of end-user, the market is segmented as utility, commercial & industrial and residential. Commercial & Industrial is projected to grow at the highest CAGR of 9.30% during the forecast period. 
• Europe dominates the global energy storage market with 52.72% of share in 2016, in terms of value. It is expected to grow at a CAGR of 8.58% during the forecast period. North America is expected to grow at a CAGR of 8.02% during the forecast period and reach a market size of USD 1,948.9 million by 2023.

The regional analysis also includes - 
• North America 
o U.S. 
o Canada 
• Europe 
o Portugal 
o Switzerland 
o U.K. 
o Germany 
o Rest of Europe 
• Asia-Pacific 
o China 
o Japan 
o India 
o South Korea 
o Rest of Asia-Pacific 
• Rest of the World 
o Africa 
o Middle East 
o Latin America 
Companies Mentioned
 AES Corporation (U.S), Tesla Inc., General Electric Company, Voith GmbH, Sulzer Ltd., Hydrostor Inc., Highview Power Storage, Linde AG, Hydrogenics Corporation and SolarReserve, LLC.	
Table of Contents:

1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Evolution in renewable energy power generation
4.1.2 Gradual downfall in technology cost
4.1.3 Increasing application of energy storage in all end-user industries
4.2 Growth Drivers: Impact Analysis
4.3 Restraints
4.3.1 High initial capital investment
4.3.2 Indistinct supervisory framework
4.4 Growth Barriers: Impact Analysis
4.5 Opportunity
4.5.1 Investment in energy storage systems with grid expansion
4.5.2 Wide scope of development in end-user sectors
5 Market Factor Analysis
5.1 Porter’s 5 forces analysis
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Threat of Substitutes
5.1.4 Bargaining Power of Buyers
5.1.5 Segment Rivalry
5.2 Value Chain Analysis
6 Global Energy Storage Market, By Type
6.1 Introduction
6.2 Mechanical
6.2.1 Pumped Hydro Storage (PSH)
6.2.2 Compressed Air Energy Storage (CAES)
6.2.3 Liquid Air Energy Storage (LAES)
6.2.4 Others
6.3 Thermal Storage
6.3.1 Introduction
6.3.2 Pumped Heat Electrical Storage (PHES)
6.3.3 Molten Salt
6.4 Electro-Chemical
6.4.1 Introduction
6.4.2 Lithium ion (Li-ion) Battery
6.4.3 Sodium Sulphur (Naps) Battery
6.4.4 Lead Acid Battery
6.5 Chemical Energy Storage
6.5.1 Introduction
6.5.2 Hydrogen Storage
6.5.3 Power-to-Gas
7 Global Energy Storage Market, By End-User
7.1 Introduction
7.2 Utility
7.3 Commercial & Industrial
7.4 Residential
8 Energy Storage Market, By Region
8.1 Introduction
8.2 Asia-Pacific
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 South Korea
8.2.5 Rest of Asia-Pacific
8.3 Europe
8.3.1 Germany
8.3.2 Switzerland
8.3.3 U.K.
8.3.4 Portugal
8.3.5 Rest of Europe
8.4 North America
8.4.1 U.S.
8.4.2 Canada
8.5 Rest of the World
8.5.1 Middle East
8.5.2 Africa
8.5.3 Latin America
9 Company Profiles
9.1 Competitive Scenario
9.1.1 Competitive Landscape
9.1.2 Partnerships and Collaborations.
9.1.3 New Product Development.
9.1.4 Expansions
9.2 AES Corporation
9.2.1 Company Overview
9.2.2 Product/Service Offering
9.2.3 Financial Overview
9.2.4 Strategy
9.3 Tesla Inc.
9.3.1 Company Overview
9.3.2 Product/Service Offering
9.3.3 Financial Overview
9.3.4 Strategy
9.4 General Electric Company
9.4.1 Company Overview
9.4.2 Product/Service Offering
9.4.3 Financial Overview
9.4.4 Strategy
9.5 Voith GmbH,
9.5.1 Company Overview
9.5.2 Product/Service Offering
9.5.3 Financial Overview
9.5.4 Strategy
9.6 Sulzer Ltd.
9.6.1 Company Overview
9.6.2 Product/Service Offering
9.6.3 Strategy
9.7 Hydrostor Inc.
9.7.1 Company Overview
9.7.2 Financial Overview
9.7.3 Product/Service Offering
9.7.4 Strategy
9.8 Highview Power Storage
9.8.1 Company Overview
9.8.2 Financial Overview
9.8.3 Product/Service Offering
9.8.4 Strategy
9.9 Linde AG
9.9.1 Company Overview
9.9.2 Financial Overview
9.9.3 Product/Service Offering
9.9.4 Strategy
9.1 Hydrogenics Corporation
9.10.1 Company Overview
9.10.2 Financial Overview
9.10.3 Service Offering
9.10.4 Strategy
9.11 SolarReserve, LLC.
9.11.1 Company Overview
9.11.2 Financial Overview
9.11.3 Product/Service Offering
9.11.4 Strategy

	List of Tables:

TABLE 1 Market synopsis
TABLE 2 GROWTH DRIVERS: IMPACT ANALYSIS
TABLE 3 growth barriers: impact analysis
TABLE 4 Global ENERGY STORAGE market, BY TYPE, 2015-2023 (USD million)
TABLE 5 mechanical: Global ENERGY STORAGE market, BY sub-TYPE, 2015-2023 (USD million)
TABLE 6 Electro-Chemical: Global ENERGY STORAGE market, BY TYPE, 2015-2023 (USD million)
TABLE 7 Thermal Storage: Global ENERGY STORAGE market, BY TYPE, 2015-2023 (USD million)
TABLE 8 Chemical Energy Storage: Global ENERGY STORAGE market, BY TYPE, 2015-2023 (USD million)
TABLE 9 Global ENERGY STORAGE market, BY End-User, 2015-2023 (USD million)
TABLE 10 asia-pacific: GLOBAL ENERGY STORAGE MARKET, BY country, 2015-2023 (USD MILLION)
TABLE 11 asia-pacific: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 12 asia-pacific: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 13 china: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 14 China: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 15 japan: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 16 japan: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 17 india: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 18 india: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 19 South Korea: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 20 South Korea: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 21 rest of asia-pacific: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 22 rest of asia-pacific: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 23 europe: GLOBAL ENERGY STORAGE MARKET, BY country, 2015-2023 (USD MILLION)
TABLE 24 europe: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 25 europe: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 26 germany: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 27 germany: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 28 Switzerland: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 29 Switzerland: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 30 u.k.: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 31 u.k.: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 32 Portugal: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 33 Portugal: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 34 rest of europe: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 35 rest of europe: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 36 north america: GLOBAL ENERGY STORAGE MARKET, BY country, 2015-2023 (USD MILLION)
TABLE 37 north america: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 38 north america: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 39 u.s.: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 40 u.s.: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 41 canada: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 42 canada: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 43 rest of the world: GLOBAL ENERGY STORAGE MARKET, BY region, 2015-2023  (USD MILLION)
TABLE 44 rest of the world: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 45 rest of the world: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 46 middle east: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 47 middle east: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 48 africa: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 49 africa: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
TABLE 50 latin america: GLOBAL ENERGY STORAGE MARKET, BY Type, 2015-2023 (USD MILLION)
TABLE 51 latin america: GLOBAL ENERGY STORAGE MARKET, BY End-User, 2015-2023 (USD MILLION)
 List of Figures:

FIGURE 1 Research Process of MRFR
FIGURE 2 TOP DOWN & BOTTOM up APPROACH
FIGURE 3 Forecast Model for Energy storage market
FIGURE 4 Drivers, restraints, and opportunities of Global energy storage Market
FIGURE 5 Porter's 5 Forces Analysis of Global energy storage market
FIGURE 6 global ENERGY STORAGE market, BY TYPE, 2016 (%)
FIGURE 7 global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 8 global Energy Storage market, BY region, 2015-2023 (USD MIllion)
FIGURE 9 GLOBAL ENERGY STORAGE MARKET, BY REGION, 2015-2023 (USD MILLION)
FIGURE 10 asia-pacific: GLOBAL Energy Storage market share, BY country, 2016 (% share)
FIGURE 11 Asia-Pacific: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 12 china: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 13 Japan: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 14 India: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 15 South Korea global energy storage market, BY End-User, 2016 (%)
FIGURE 16 Rest of Asia-PACIFIC: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 17 europe: GLOBAL Energy Storage market share, BY country, 2016 (% share)
FIGURE 18 Europe: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 19 Germany: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 20 Switzerland: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 21 U.K.:global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 22 Portugal: global ENERGY STORAGE market, BY End-User, 2016 (%)
FIGURE 23 rest of europe: global ENERGY STORAGE market, BY End-User, 2016 (%)

Related Reports

Li-ion-Battery-Market

Global Li ion Battery Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary A Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries u ...read more

Lead-acid-Battery-Market

Global Lead-acid Battery Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary The lead–acid battery is the oldest type of rechargeable battery. Despite having a very low energy-to-weight ratio and a low energy-to-volume ratio, its ability to supply high surge current ...read more

Lead-Acid-Battery-for-ESS-Market

Global Lead Acid Battery for ESS Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary Energy storage systems (ESS) store surplus electricity and facilitate the use of batteries when the generated electricity is greater than the demand. The surplus power saved in these systems ...read more

Lead-Acid-Battery-Market

Global Lead Acid Battery Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary The lead–acid battery is the oldest type of rechargeable battery. Despite having a very low energy-to-weight ratio and a low energy-to-volume ratio, its ability to supply high surge current ...read more

Inverter-Systems-Market

Global Inverter Systems Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall ...read more

Choose License Type

Single User - This is a single user license, allowing one specific user access to the product.

Multi User - This is a 1-5 user licence, allowing up to five users have access to the product.

Enterprise User - This is an enterprise license, allowing all employees within your organisation access to the product. The report will be emailed to you.

Cards For Payment
Trusted Badge SSL Certified Premium Quality

Why Choose Us

  • Lowest Price Guarantee
  • We offer the lowest prices for the listed reports
  • Data Security
  • Your data is safe and secure
  • Vast Report Database
  • We have more than 2 Million reports in our database
  • Client Focused
  • Personalized updates and 24*7 support
  • Trusted Source and Quality
  • We only work with reputable partners providing high quality research and support
  • Market Segmentation
  • We provide alternative views of the market to help you identify where the real opportunities lie
  • Bulk Discounts
  • We offer great discounts on purchase of multiple reports

How To Reach Us

Reach out to our most senior Sales Professional- Jay Matthews
   +1 513 549 5911 (US)
          +44 203 318 2846 (UK)
   sales@reportsmonitor.com

Our Clients

Intel Samsung 3M BCG LEK Consulting McKinsey Thyssenkrupp Mogensen BASF IQVIA Hella Oracle Accenture Saint Gobain

Testimonials

Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed.
-VP of a Automotive division in Germany

The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements
-Product Manager at US based Manufacturer

Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process
--Marketing Manager at a pharma company in Belgium

Enquire Before Buying

Need to ask a quick question before buying? Please fill out this short form:

Our Features

Wide Network of Publishers

Wide Network of Publishers

Access to over 1M+ market research reports

Trusted by the Best

Trusted by the Best

50+ Clients in Fortune 500

Competitive Pricing

Competitive Pricing

Our regular promotional offers and discounts make us the most economic seller of market reports

Safe and Secure

Safe and Secure

Your payment details are protected by us.