HOME Top Market Reports Advanced Energy Storage Systems Market by Application (Transportation, and Grid Storage), by Technology (Lithium ion Battery, PHS, NaS Battery, CAES, Flow Battery, Supercapacitors, and Others), by End User & by Region - Global Forecast to 2020

Advanced Energy Storage Systems Market by Application (Transportation, and Grid Storage), by Technology (Lithium ion Battery, PHS, NaS Battery, CAES, Flow Battery, Supercapacitors, and Others), by End User & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: December 2015
Report Code: EP 2190

 

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Advanced energy storage systems help in maintaining power quality, distribution reliability, energy management, and improvement of grid efficiency. The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as the primary power source in electric vehicles. Factors driving the energy storage systems market include energy arbitrage opportunities, increasing renewable energy installations, and growth in the electric vehicles market globally.

The global energy storage systems market size was estimated to be around USD 12.89 Billion in 2015, and is expected to grow at a CAGR of 4.4% during the forecast period.

The energy storage systems market has been segmented on the basis of its application, technology, end-user, and region. The years considered for the study include:

  • Base Year – 2014
  • Estimated Year – 2015
  • Projected Year – 2020
  • Forecast Period – 2015 to 2020

For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Department of Energy: energy storage project database, Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of the energy storage systems market. The below points explain the research methodology.

  • Analysis of all the operational and upcoming energy storage system projects across the globe along with capacity
  • Analysis of country-wise growth rate of electric vehicles in the past three years
  • Analysis of the grid storage projects across various regions
  • Estimation of installation cost of energy storage systems in various regions using the cost variance models and secondary sources
  • Estimation of capacity cost for energy storage systems and arriving at the total market size using market engineering process
  • Analyzing market trends in various regions/ and countries supported by ongoing energy storage projects and electric vehicle initiatives undertaken in respective regions/ countries
  • Overall market size values are finalized by triangulating the supply side data which include product developments, supply chain, and annual capacity additions of energy storage systems across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of primaries on the basis of company, designation, and region, conducted during the research study.

Advanced Energy Storage Systems Market

Market Ecosystem:

The ecosystem in this market differs from technology to technology. The general market ecosystem consists of material procured for manufacturing the technology, packaging the system, adding power electronics control, integrating the system, and technology service providers. The system integration & technology service provider phases of the energy storage systems market eco system have some similar functions, such as smart grid integration, O&M support & services, and the role of an application solution provider

Advanced Energy Storage Systems Market

Stakeholders:

The stakeholders include:

  • Government and research organizations
  • Associations and industrial bodies
  • Solid state battery, electrochemical capacitor, and other energy storage technology manufacturers
  • Grid operators
  • Utility providers
  • Energy storage research institutions
  • Ratepayers
  • State regulators
  • Retail service providers
  • End customers

Scope of the report:

  • By Application:
    • Transportation
    • Grid Storage
  • By Technology:
    • Lithium ion Battery
    • Pumped Hydro Storage
    • NaS Battery
    • Flow Battery
    • CAES
    • Supercapacitors
    • Others
  • By End-Users
    • Electric Vehicles
    • Utility
    • Residential & Non-Residential
  • By Region
    • Asia-Pacific
    • Europe
    • North America
    • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:
Regional Analysis

  • Further breakdown of region/country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Content

1 Introduction (Page No. - 21)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Package Size
    1.4 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Introduction
    2.2 Market Size Estimation
    2.3 Breakdown of Primary Interviews
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
           2.5.1 Key Data From Secondary Sources
           2.5.2 Key Data From Primary Sources
           2.5.3 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Asia-Pacific is Expected to Hold the Largest Market Share During the Forecast Period
    4.2 Advanced Energy Storage Systems Market, By Application
    4.3 Advanced Energy Storage Systems Market, By Technology
    4.4 Advanced Energy Storage Systems Market, By End-User
    4.5 Advanced Energy Storage Systems Market Technology vs End-User
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Application
           5.2.2 By Technology
           5.2.3 By End-User
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Energy Arbitrage
                    5.3.1.2 Increasing Renewable Energy Investments
                    5.3.1.3 Growing Electric Vehicle Market
           5.3.2 Restraints
                    5.3.2.1 Environmental Issues
                    5.3.2.2 High Capital Investments
           5.3.3 Opportunities
                    5.3.3.1 Increasing Renewable Energy Installations in Europe & China
           5.3.4 Challenges
                    5.3.4.1 Dynamic Valuations
                    5.3.4.2 Regulatory Treatment
                    5.3.4.3 Development Risks
           5.3.5 Winning Imperatives
                    5.3.5.1 Investment in Research & Development
           5.3.6 Burning Issues

    5.4 Value Chain Analysis
    5.5 Industry Trends
    5.6 Porter’s Five Forces Analysis
           5.6.1 Porter’s Five Forces Analysis: Battery Energy Storage Technology
                    5.6.1.1 Threat of New Entrants
                    5.6.1.2 Threat of Substitutes
                    5.6.1.3 Bargaining Power of Suppliers
                    5.6.1.4 Bargaining Power of Buyers
                    5.6.1.5 Intensity of Rivalry
           5.6.2 Porter’s Five Forces Analysis: Pumped Hydro Energy Storage Technology
                    5.6.2.1 Threat of New Entrants
                    5.6.2.2 Threat of Substitutes
                    5.6.2.3 Bargaining Power of Suppliers
                    5.6.2.4 Bargaining Power of Buyers
                    5.6.2.5 Intensity of Rivalry

6 Advanced Energy Storage  Systems Market, By Application (Page No. - 57)
    6.1 Introduction
    6.2 Transportation
    6.3 Grid Storage

7 Advanced Energy Storage Systems Market, By Technology (Page No. - 62)
    7.1 Introduction
    7.2 Lithium ION Battery Technology
    7.3 Pumped Hydro Storage Technology
    7.4 NAS Battery Storage Technology
    7.5 Caes Energy Storage Technology
    7.6 Flow Battery Energy Storage Technology
    7.7 Super Capacitors Energy Storage Technology

8 Advanced Energy Storage  Systems Market, By End-User (Page No. - 72)
    8.1 Introduction
    8.2 Electric Vehicles
    8.3 Utility
    8.4 Residential & Non-Residential

9 Advanced Energy Storage Systems Market, By Region (Page No. - 78)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 Japan
           9.2.2 China
           9.2.3 South Korea
           9.2.4 India
           9.2.5 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
    9.5 Rest of the World
           9.5.1 South Africa
           9.5.2 Brazil

10 Competitive Landscape (Page No. - 114)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Situation & Trends
     10.4 Mergers & Acquisitions
     10.5 New Product Launches
     10.6 Expansions
     10.7 Divestments
     10.8 Agreements
     10.9 Alliances
     10.10 Partnerships
     10.11 Joint Ventures
     10.12 Others

11 Company Profiles (Page No. - 126)
     11.1 Introduction
     11.2 LG Chem. Ltd. 
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments, 2013-2014
             11.2.4 L.G. Chem. Ltd.: SWOT Analysis
             11.2.5 MnM View
     11.3 ABB Limited
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments, 2014-2015
             11.3.4 ABB Ltd.: SWOT Analysis
             11.3.5 MnM View
     11.4 Exide Technologies
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments, 2012-2014
             11.4.4 Exide Technologies: SWOT Analysis
             11.4.5 MnM View
     11.5 GS Yuasa Corporation
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments, 2012-2015
             11.5.4 G S Yuasa Corporation: SWOT Analysis
             11.5.5 MnM View
     11.6 Samsung SDI, Co., Ltd. 
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments, 2011-2015
             11.6.4 Samsung SDI, Co. Ltd.: SWOT Analysis
             11.6.5 MnM View
     11.7 Enersys
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments, 2013-2015
     11.8 Nippon Chemi-Con Corporation
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments, 2010-2013
     11.9 Saft
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments, 2014-2015
     11.10 Hitachi Ltd.
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments, 2013-2015
     11.11 Toshiba Corporation
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments, 2014-2015
     11.12 BYD Company Ltd.
             11.12.1 Business Overview
             11.12.2 Products Offered
             11.12.3 Recent Developments, 2012-2014
     11.13 NGK Insulators Ltd.
             11.13.1 Business Overview
             11.13.2 Products Offered
             11.13.3 Recent Developments, 2013-2015
     11.14 Beacon Power LLC.
             11.14.1 Business Overview
             11.14.2 Products Offered
             11.14.3 Recent Developments, 2014-2015
     11.15 Calmac Manufacturing Corp.
             11.15.1 Business Overview
             11.15.2 Products Offered
             11.15.3 Recent Developments, 2013-2015
     11.16 A123 Systems
             11.16.1 Business Overview
             11.16.2 Products Offered
             11.16.3 Recent Developments, 2014-2015
     11.17 Maxwell Technologies Inc.
             11.17.1 Business Overview
             11.17.2 Products Offered
             11.17.3 Recent Developments, 2013
     11.18 China BAK Batteries, Inc.
             11.18.1 Business Overview
             11.18.2 Products Offered
             11.18.3 Recent Developments, 2011-2012

12 Appendix (Page No. - 173)
     12.1 Discussion Guide
     12.2 Key Industry Insights
     12.3 Key Players Developments
             12.3.1 Mergers & Acquisitions, 2012-2013
             12.3.2 New Product Launches
             12.3.3 Expansions
             12.3.4 Agreements
             12.3.5 Others
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (87 Tables)

Table 1 Industrialization & Urbanization are the Main Drivers of the Market
Table 2 High Capital Investments is the Major Restraining Factor of the Market
Table 3 Increasing Renewables Installations in Europe & China is the Key Opportunity for the Advanced Energy Storage Systems Market
Table 4 Development Risks is the Major Challenge for the Advanced Energy Storage Systems Market
Table 5 Advanced Energy Storage Systems Market Size, By Application, 2013–2020 (USD Million)
Table 6 Transportation Market Size, By Region, 2013–2020 (USD Million)
Table 7 Grid Storage Market Size, By Region, 2013–2020 (USD Million)
Table 8 Advanced Energy Storage Systems Market Size, By Technology, 2013–2020 (USD Million)
Table 9 Lithium ION Battery Market Size, By Region, 2013–2020 (USD Million)
Table 10 Pumped Hydro Storage Market Size, By Region, 2013–2020 (USD Million)
Table 11 NAS Battery Storage Market Size, By Region, 2013–2020 (USD Million)
Table 12 Caes Energy Storage Market Size, By Region, 2013–2020 (USD Million)
Table 13 Flow Battery Energy Storage Market Size, By Region, 2013–2020 (USD Million)
Table 14 Supercapacitor Energy Storage Market Size, By Region, 2013–2020 (USD Million)
Table 15 Advanced Energy Storage Systems Market Size, By End-User, 2013–2020 (USD Million)
Table 16 Electric Vehicles Market Size, By Region, 2013–2020 (USD Million)
Table 17 Utility Market Size, By Region, 2013–2020 (USD Million)
Table 18 Residential & Non-Residential Market Size, By Region, 2013–2020 (USD Million)
Table 19 Advanced Energy Storage Systems Market, By Region, 2013–2020 (USD Million)
Table 20 Asia-Pacific: Advanced Energy Storage Systems Market Size, By Country, 2013-2020 (USD Million)
Table 21 Asia-Pacific: Advanced Energy Storage Systems Market Size, By Application, 2013-2020 (USD Million)
Table 22 Asia-Pacific: Advanced Energy Storage Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 23 Asia-Pacific: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 24 Japan: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million
Table 25 Japan: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 26 Japan: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 27 China: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million
Table 28 China: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 29 China: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 30 South Korea: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 31 South Korea: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 32 South Korea: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 33 India: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 34 India: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 35 India: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 36 Rest of Asia-Pacific: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million
Table 37 Rest of Asia-Pacific: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 38 Rest of Asia-Pacific: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 39 Europe: Advanced Energy Storage Systems Market Size, By Country, 2013-2020 (USD Million)
Table 40 Europe: Advanced Energy Storage Systems Market Size, By Application, 2013-2020 (USD Million)
Table 41 Europe: Advanced Energy Storage Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 42 Europe: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 43 Germany: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 44 Germany: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 45 Germany: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 46 France: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 47 France: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 48 France: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 49 U.K.: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 50 U.K.: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 51 U.K.: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 52 Rest of Europe: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 53 Rest of Europe: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 54 Rest of Europe: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 55 North America: Advanced Energy Storage Systems Market Size, By Country, 2013-2020 (USD Million)
Table 56 North America: Advanced Energy Storage Systems Market Size, By Application, 2013-2020 (USD Million)
Table 57 North America: Advanced Energy Storage Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 58 North America: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 59 U.S.: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 60 U.S.: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 61 U.S.: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 62 Canada: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 63 Canada: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 64 Canada: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 65 RoW: Advanced Energy Storage Systems Market Size, By Country, 2013-2020 (USD Million)
Table 66 RoW: Advanced Energy Storage Systems Market Size, By Application, 2013-2020 (USD Million)
Table 67 RoW: Advanced Energy Storage Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 68 RoW: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 69 South Africa: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 70 South Africa: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 71 South Africa: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 72 Brazil: Advanced Energy Systems Market Size, By Application, 2013-2020 (USD Million)
Table 73 Brazil: Advanced Energy Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 74 Brazil: Advanced Energy Storage Systems Market Size, By End-User, 2013-2020 (USD Million)
Table 75 Mergers & Acquisitions, 2014-2015
Table 76 New Product Launches
Table 77 Divestments, 2014
Table 78 Agreements, 2011-2015
Table 79 Alliances, 2015-2012
Table 80 Partnerships, 2013-2014
Table 81 Joint Ventures, 2014-2015
Table 82 Others, 2011-2015
Table 83 Mergers & Acquisitions
Table 84 New Product Launches
Table 85 Expansions
Table 86 Agreements
Table 87 Others


List of Figures (68 Figures)

Figure 1 Advanced Energy Storage Systems Market Segmentation
Figure 2 Advanced Energy Storage Systems Market: Research Design
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 6 Data Triangulation Methodology
Figure 7 Electric Vehicles Segment is Expected to Dominate the Advanced Energy Storage Systems Market During the Forecast Period
Figure 8 Transportation Segment is Expected to Witness the Maximum Demand During the Forecast Period
Figure 9 Asia-Pacific is Expected to Dominate the Advanced Energy Storage Systems Market During the Forecast Period
Figure 10 Asia-Pacific Accounted for the Largest Market Share in Advanced Energy Storage Systems Market in 2014
Figure 11 Attractive Market Opportunities in the Advanced Energy Storage Systems Market
Figure 12 RoW is Expected to Grow at A High CAGR During the Forecast Period
Figure 13 Transportation Segment is Expected to Dominate the Advanced Energy Storage Systems Market in the Next Five Years
Figure 14 Lithium ION Battery Technology is Projected to Hold the Highest Share in the Advanced Energy Storage Market During the Forecast Period
Figure 15 Electric Vehicles Segment is Expected to Dominate the Market During the Forecast Period
Figure 16 Transportation Segment Held the Largest Market Share in 2014
Figure 17 Advanced Energy Storage Systems Market in RoW is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 18 Advanced Energy Storage Systems Market Segmentation: By Application
Figure 19 Advanced Energy Storage Systems Market Segmentation: By Technology
Figure 20 Advanced Energy Storage Systems Market Segmentation: By End-User
Figure 21 Advanced Energy Storage Systems Market Segmentation: By Region
Figure 22 Energy Arbitrage to Propel the Growth of the Advanced Energy Storage Systems Market
Figure 23 Investment in Renewable Energy Sources, 2004-2014 (USD Billion)
Figure 24 Value Chain Analysis: Major Value is Added During Storage Systems and Packages & System Integration
Figure 25 Porter’s Five Forces Analysis: Battery Energy Storage Technology
Figure 26 Porter’s Five Forces Analysis: Pumped Hydro Energy Storage Technology
Figure 27 Transportation Application is Projected to Grow Rapidly
Figure 28 Europe is Expected to Drive the Growth of Advanced Energy Storage Systems in the Transportation Application
Figure 29 Asia-Pacific Grid Storage Market is Expected to Dominate the Advanced Energy Storage Systems Market
Figure 30 Caes Advanced Energy Storage Systems Market is Projected to Grow Rapidly
Figure 31 North America is Expected to Grow Rapidly in the Lithium ION Battery Systems Market During the Forecast Period
Figure 32 Europe is Expected to Be the Highest Growing Region for the Pumped Hydro Storage Systems Market During the Forecast Period
Figure 33 North America is Expected to Be the Highest Growing Region for the NAS Battery Market During the Forecast Period
Figure 34 North America is Expected to Be the Highest Growing Region for the Caes Energy Storage Market During the Forecast Period
Figure 35 Asia-Pacific is Expected to Be the Highest Growing Region for the Flow Battery Energy Storage Market During the Forecast Period
Figure 36 Europe is Expected to Be the Highest Growing Region for the Supercapacitor Energy Storage Market During the Forecast Period
Figure 37 Electric Vehicle End-User Segment is Projected to Grow Rapidly During the Forecast Period
Figure 38 Europe is Expected to Drive the Growth of Advanced Energy Storage Systems in the Electric Vehicles Segment
Figure 39 Asia-Pacific Dominates the Utility Segment in Advanced Energy Storage Systems Market
Figure 40 Asia-Pacific Dominates the Residential & Non-Residential Segment in Advanced Energy Storage Systems Market
Figure 41 Regional Snapshot (2015) –Advanced Energy Storage Systems Market is Estimated to Grow Rapidly in Canada
Figure 42 China –The Biggest Emerging Market as Both Transportation & Grid Storage Applications are Gaining Traction
Figure 43 Asia-Pacific Advanced Energy Storage Systems Market Snapshot (2015)- China is Expected to Become the Largest Market in the Region
Figure 44 Europe Market Snapshot (2015): the Transportation Segment is Expected to Drive the Advanced Energy Storage Systems Market in the Region
Figure 45 North America: Market Snapshot (2015): the U.S. Holds the Major Share in the North American Advanced Energy Storage Systems Market
Figure 46 Need for Energy Security is the Major Driver of the Advanced Energy Storage Systems Market in the Rest of the World
Figure 47 Companies Adopted Product Innovation as the Key Growth Strategy
Figure 48 Advanced Energy Storage Systems Market Share, By Key Players, 2014
Figure 49 Advanced Energy Storage Systems Market Development Trends ( 2011- 2014)
Figure 50 Advanced Energy Storage Systems Market Share: New Product Launch Was the Key Strategy (2010 - 2015)
Figure 51 Regional Revenue Mix of the Top 5 Market Players
Figure 52 LG Chem. Ltd.: Company Snapshot
Figure 53 ABB Limited: Company Snapshot
Figure 54 Exide Technologies: Company Snapshot
Figure 55 GS Yuasa Corporation: Company Snapshot
Figure 56 Samsung SDI, Co., Ltd.: Company Snapshot
Figure 57 Enersys: Company Snapshot
Figure 58 Nippon Chemi-Con Corporation: Company Snapshot
Figure 59 Saft: Company Snapshot
Figure 60 Hitachi Ltd.: Company Snapshot
Figure 61 Toshiba Corporation: Company Snapshot
Figure 62 BYD Company Ltd.: Company Snapshot
Figure 63 NGK Insulators Ltd.: Company Snapshot
Figure 64 Beacon Power LLC.: Company Snapshot
Figure 65 Calmac Manufacturing Corp.: Company Snapshot
Figure 66 A123 Systems: Company Snapshot
Figure 67 Maxwell Technologies Inc.: Company Snapshot
Figure 68 China BAK Batteries, Inc.: Company Snapshot

Advanced energy storage systems market is projected to grow at a CAGR of 4.4% during the forecast period to reach a value of USD 15.9 Billion by 2020. The growth is attributed to energy arbitrage opportunities, increase in renewable energy installations, and growth of the electric vehicles market across the globe.

Advanced energy storage systems market, on the basis of application, has been categorized into two segments: transportation and grid storage. The transportation segment is witnessing growth due to the booming electric vehicles market. The transport applications considered in this report include battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV). With ongoing research and development activities carried out by companies such as Honda Motor Company Ltd. (Japan), Chrysler Group LLC (U.S), and Toyota Motor Corporation (Japan), lithium-ion batteries will be used in most electric vehicles by 2020. Meanwhile, the grid storage application includes utility scale energy storage systems. Renewable policies and energy arbitrage opportunities are driving the growth of the grid based energy storage systems market.

On the basis of technology, the energy storage systems market has been segmented into lithium ion battery, pumped hydro storage, NaS battery, CAES, flow battery, supercapacitors, and others. The energy storage system market, by technology, is mainly dominated by lithium ion battery technology. Its major share can be attributed to its usage in the transportation segment. However, CAES is the fastest growing segment in the market. The pumped hydro storage segment is the second largest technology by market share. This technology is used in grid storage application of energy storage systems market.

Asia-Pacific was the leading market for energy storage systems in 2014, with the help of renowned domestic players in the region. The region is currently focusing on energy secured future, thereby implementing energy storage systems for enhanced grid reliability and also on sustainable development by introducing new renewable energy installations in the region. China is projected to grow at the highest CAGR of 5.7% during the forecast period.

The figure below shows Asia-Pacific market size, by country, in 2015 and 2020

Advanced Energy Storage Systems Market

Some of the leading players in the energy storage systems market include GS Yuasa Corporation (Japan), Samsung SDI Co. Ltd. (South Korea), Hitachi Limited (Japan), Exide Technologies (U.S.), and L.G. Chem. Limited (South Korea) among others. The major companies in energy storage systems market comprise battery technology providing companies. Another major technology, namely, pumped hydro energy storage is dominated by companies such as Toshiba Corporation (Japan), ABB Limited (Switzerland), Siemens A.G. (Germany), Voith (Germany), Alstom (France), and Dominion Energy (U.S.). Dominant players are trying to penetrate developing economies and adopting various methods to grab a larger market share.

Available Customizations Title

Client Customization Problem Statement : Market Sizing/ Forecasting for Advanced Energy Storage Market in Mexico

Solution Provided:
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MnM's client needed beyond the insights into report for Market size and trends of  Mexico
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Client Consult Problem Statement : MnM’s client, one of the market leaders in capacitors market, was interested to assess the Global market potential associated with their Product range in the application areas Power Generation, Transmission, Distribution and Testing, By Product Types ,By End-Use Industry, By Competitor along with competitive landscape.

Solution Provided:

1. Methodology Adopted by MnM:

MnM carried out this study through a MnM carried....

1. Methodology Adopted by MnM:

MnM carried out this study through a MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders across the value chain within target geographies. Both, top-down and bottom-up approaches are used every time for quarterly updates to cover key sources of primary information that included OEM’s of construction equipment in these geographies. By conducting detailed and informative primary discussions within these respondent categories across various functions, MnM analyzed current & forecasted quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target countries. In total, MnM have conducted 20 primary discussions, of which 10 were within the supplier segment, while balance 10 spanned across covering demand side.

2. Actual Solution Provided:

To evaluate the demand for these products in various countries across the globe, namely, U.S., Canada, Brazil, Germany, Switzerland, Sweden, Norway, England, India, China and Japan. The upcoming projects in Power Generation, Transmission, Distribution and Testing were tracked. For Transmission related applications projects were captured on the basis of number of lines to be installed and the number of substations to be built in between. For power generation the upcoming projects were tracked and the number of generators to be installed was captured. For testing the upcoming expenditures in testing facilities by various companies was collected and for distribution application the investment and expansion of distribution network was gathered.

On the basis of telephonic interviews and field primaries assumptions were drawn for the number of suggested products that are used in a particular application. Further the numbers of product that will be required in the coming years were calculated through the analysis of data collected.

Value Delivered:

MnM’s client was able to understand the future potential of its product portfolio and demand for these products in various geographies. It helped the client to formulate strategy for its business expansion into niche markets.

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