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Title: Advanced Energy Storage Systems Market - Trends, Size, Share, Demand, Key Vendors, Forecasts 2020


1
Global Advanced Energy Storage Systems Market
2016-2020
2
Report Description
Market outlook of the global advanced energy
storage systems market Research analyst predicts
the global advanced energy storage systems market
to grow steadily at a CAGR of close to 14 during
the forecast period. Energy storage technology is
used to store surplus electricity that can be
utilized during power shortages, blackouts, and
peak hours of demand. The growing demand for
electricity worldwide coupled with an imminent
need to reduce the demand-supply gap has prompted
power utilities to adopt advanced energy
storage. The market is also witnessing a rising
trend in the installations of wind and solar PVs,
thus augmenting the demand for advanced energy
storage. Countries worldwide are using advanced
ESS to overcome the intermittent nature of
renewable energy resources. However, the growth
of the global advanced energy storage market is
curtailed by several challenges such as cost
competitiveness as these systems are expensive as
compared to conventional systems.   Get More
Details of Global Advanced Energy Storage Systems
Market _at_ http//www.bigmarketresearch.com/global-a
dvanced-energy-storage-systems-market
3
Report Description
 End-user segmentation and analysis of the
global advanced energy storage market Thermal
energy storage Batteries Compressed air
storage Molten salt Flywheels The thermal
energy storage (TES) segment dominated the market
in 2015 with a market share of close to 42. It
is gaining importance as it helps in mitigating
the intermittent nature of solar PVs. TES systems
play a crucial role in electricity storage
through concentrating solar power (CSP) plants
wherein solar heat can be stored and used for
electricity production in the absence of
sunlight. It helps to enhance the utilization
rate of power plants by 60-75. It also finds
key application in nuclear power storage and
helps meet critical peak demand by achieving
higher power outputs.   Report Enquiry _at_
http//www.bigmarketresearch.com/report-enquiry/3
67235
4
Report Description
Geographical segmentation and analysis of the
global advanced energy storage market
Americas APAC EMEA North America holds
nearly 45 share of the overall installed
capacity of advanced energy storage systems as of
2015. State-level participation and growing
investments in grid storage projects have fueled
the growth of the grid energy storage market in
North America. The US government has initiated
the EV Everywhere Grand Challenge Blueprint,
which promises to raise the number of EVs to one
million by 2015 in a bid to reduce CO2 emissions.
Adoption of EVs fosters the use of Li-Ion
batteries as an efficient means of energy storage
thereby reducing costs. Competitive landscape
and key vendors Many vendors in the APAC region
are making concentrated efforts to provide
high-tech, customized ESS solutions for different
end-user applications. This trend is likely to
continue well over 2020 with many new entrants
poised to enter this attractive market.
5
Report Description
The leading vendors in the market are - AES
Energy Storage Alevo EnSync Energy GE LG
Chem Other prominent vendors in the market
include Mitsubishi Heavy Industries, Enersys,
Active Power, and Beacon Power. Key questions
answered in the report include What will the
market size and the growth rate be in 2020?
What are the key factors driving the global
advanced energy storage market? What are the
key market trends impacting the growth of the
global advanced energy storage market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the
vendors in the global advanced energy storage
market?
6
Table of Contents
PART 01 Executive summary PART 02 Scope of the
report PART 03 Market research methodology PART
04 Introduction PART 05 Market landscape PART
06 Market segmentation by technology PART 07
Geographical segmentation PART 08 Market
drivers PART 09 Impact of drivers PART 10
Market challenges PART 11 Impact of drivers and
challenges PART 12 Market trends PART 13 Vendor
landscape PART 14 Key vendor analysis PART 15
Appendix
7
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