Global Energy Storage Market Size, Share Analysis & Industry Forecast 2016-2024 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Global Energy Storage Market Size, Share Analysis & Industry Forecast 2016-2024

Description:

Modern electric system is facing challenges such as climatic changes, power shortages, blackouts, global warming and energy imports to meet the global energy demands. Growing electricity demand is propelling the adoption of energy storage systems by energy and utilities sector. Government is now more focused on energy storage market and the global investment for storage energy technology was USD 10 billion in 2016 where 40% of the total invested was shared by the US. – PowerPoint PPT presentation

Number of Views:16
Slides: 17
Provided by: steveblade
Category:
Tags:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Global Energy Storage Market Size, Share Analysis & Industry Forecast 2016-2024


1
Energy Storage Systems Market Outlook
Global Energy Storage Systems Market Outlook
2024 Global Opportunity Growth Analysis,
2016-2024
Request Sample Report
Report Code ERE 1102
1-646-568-7747
1-437-886-1181
44-203-318-6627
91-120-473-0422, 91-991-071-6331
sales_at_goldsteinresearch.com
Published By Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
2
Energy Storage Systems Market Outlook
Fig 1-2 Global Energy Storage Systems Market
Share (), By Region-2016-2024
Fig 1-1 Global Energy Storage Systems Market
Size USD (Billion). 2016-2024
Request Sample Report
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Mechanical Energy Storage System
accounted for the highest market share XX in
Global Energy Storage Systems Market
With XX share by 2024, Asia-Pacific region will
dominate the Global Energy Storage Systems Market
Fig 1-3 Global Energy Storage Systems Market
Share (), By Technology Type - 2016
Fig 1-4 Global Energy Storage Systems Market
Share (), By Application - 2016
Fig 1-5 Global Energy Storage Systems Market
Share (), By End-User - 2016
Source Goldstein Research
Source Goldstein Research
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
3
Energy Storage Market Outlook
Request Sample Report
  • The global energy storage systems market is
    expected to reach USD XX billion by 2024, from an
    estimated USD XX billion in 2016, growing at a
    CAGR of XX during 2016-2024 due to growing
    energy demands and the role of the consumer are
    shifting, bringing new stresses and strains to an
    aging electric grid. To improve reliability and
    resilience, and enhancing electric system
    performance, advancements in energy storage
    technologies are carried on to improve the
    economics of accommodating these changes.
  • Dramatic and recent decreases in pricing,
    advances in technology, and attention to
    improving resilience are all factors contributing
    to an exponential growth in energy storage
    markets over the next several years.
  • The confluence of growth forces and continued
    advancement in grid planning and operations is
    expected to create an opportunity to innovate and
    drive the deployment of more than XX GW of new
    energy storage systems in the U.S. by 2025.
  • The electrification of transportation, data
    centers, HVAC, communications, industry, and
    manufacturing means each of these interconnected
    networks will become more reliant on the
    electricity grid to function properly. Thus
    advanced energy storage systems can lead to
    consistency in supply and demand to be efficient
    and reliable without any disruptions.
  • At the end of 2016, the estimated total global
    energy storage capacity in operation was XX GW, a
    XX increase from the previous year and pumped
    hydro storage capacity remained the largest
    contributor to this growth.
  • Since 2012, global electrochemical energy storage
    capacity has grown steadily, with a cumulative
    annual growth rate of XX between 2012 and 2016.
    In 2016, newly-operating energy storage capacity
    reached XX MW, a growth of XX from the previous
    year.

Sample
Global Energy Storage Systems Market, By Capacity
(In Gigawatt (GW)), By Region, 2016-2024
Asia-Pacific
North America
Europe
Latin America
MEA
XX Million
XX Million
XX Million
XX Million
XX Million
2016
XX Million
XX Million
XX Million
XX Million
XX Million
2024
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
4
Energy Storage Systems Market Outlook 2016-2024
Global Energy Storage Systems Y-O-Y Growth ()
Analysis-2016-2024
Global Energy Storage Systems Market Size (USD
Billion)-2016-2024
Request Sample Report
Sample
Source Goldstein Research
Source Goldstein Research
  • Global Energy Storage Systems market is
    estimated to rise XX percent per year and is
    estimated to reach XX billion by 2024. The
    emerging consensus on energy storage that the
    pivotal technology could reshape the energy
    sector by enabling widespread adoption and grid
    integration of solar and wind renewables is
    expected to grow the market size. Regulators are
    also beginning to recognize the value of storage
    and are creating policies that further improve
    the business case for adoption.
  • Moreover, Recent advancements in materials and
    manufacturing have improved the economics of
    storage. Traditional storage technologies such as
    pumped hydro and compressed air have limited
    applicability and are losing market share to
    emerging battery technologies. The various
    technologies that are gaining commercial
    traction, are under development that offer the
    potential of step-change improvements in
    performance and cost.

Global Energy Storage Systems, By
Applications(), 2016
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
5
Global Energy Storage Systems Market Size (USD
Billion)-2016-2024
Request Sample Report
Sample
Source Goldstein Research
Global Energy Storage Systems , By Investments,
2016
Source Goldstein Research
6
Top 15 Countries With Penetration of Energy
Storage Systems, 2016
Request Sample Report
  • Asia-Pacific is expected to remain the largest
    market with valuation of USD XX billion by 2024
    with the CAGR of XX over the forecast year owing
    to higher penetration in China and Japan.
  • Because of differences in policy environments,
    power sector conditions, and consumer demand, in
    2016, the main global markets for energy storage
    such as the US, Germany, the UK, Australia,
    Japan, and Korea all exhibited different levels
    of development, application sectors, and business
    models.
  • Local and international brands are witnessing
    high sales of their products due to the rising
    urbanization in the emerging regions and gaining
    popularity in the market due to their offering
    of affordable residential air purification
    solution
  • Based on the total power capacity of energy
    storage projects delivered to consumers, the five
    global leading companies are LG Chem, Samsung
    SDI, BYD, NGK, and Kokam. The capacity of the
    operational projects from these companies
    accounts for XX of the total new capacity
    installed worldwide in 2016.

Sample
Source Goldstein Research
7
  • Trend of Renewable Energy
  • The widespread and rapid implementation of
    intermittent renewable energy sources, namely
    solar photovoltaic (PV) and wind, is catalyzing
    efforts to modernize electricity systems around
    the world. Wind and solar PV had record increases
    in 2016 of installed capacity for about XX of
    new generation.
  • Currently, increased focus on the renewable
    energy production is gaining momentum due to
    heavy public-private investment.
  • With the importance of renewable energy sources
    on the power sector increasing, solutions and
    appropriate measures are needed to balance the
    supply and demand of energy. In addition, the
    need to manage reserves of electrical energy
    storage (EES) has been increasing incrementally.
  • Electrical Energy Storage (EES) is one of the key
    technologies to have been developed, exhibiting a
    high growth rate and high level of importance in
    the last few years.

Global Energy Storage Systems Market, By
Commercial Application
Request Sample Report
Sample
Source Goldstein Research
Global Energy Storage Systems Market Share(), By
Solar PV Global Capacity-2011-2016
Global Energy Storage Systems Market Share(), By
Wind Power Global capacity-2011-2016
  • Impact Analysis-
  • Massive deployment of renewable electricity
    sources and the promotion of policies to
    modernize electricity production and consumption
    are spurring the development of electricity
    storage
  • Falling costs and innovation mean that
    electricity storage technologies are starting to
    emerge at larger scales and, can be used over a
    much wider range of applications and locations
    than PHS.

Source Goldstein Research
8
Request Sample Report
  • Legal Factors Causing Challenges
  • The lack of appropriate regulatory framework is
    one of the main barriers for the development of
    energy storage systems. Creating an appropriate
    regulatory framework that would support energy
    storage systems development has now become
    crucial.
  • Key issues to be considered in the context of
    regulatory framework design are, defining the
    role of storage in the electricity value chain,
    supporting storage projects without creating
    undue distortions on the energy markets, and
    handling challenges resulting from the mass
    deployment of storage facilities.
  • Even the mature markets, both the US and Europe
    have struggled to incorporate energy storage in
    their respective regulatory frameworks due to its
    ambiguous nature being a generator and a
    consumer.
  • Understanding the economics and costs of energy
    storage is challenging due to the different
    technologies and applications. Thus, various
    countries such as India are still relied on using
    non-renewable sources of energy such as coal.
  • in contrast to the EU natural gas regulatory
    framework, where gas storage is an established
    regulatory concept, the current EU electricity
    regulatory framework fails to address the energy
    storage systems issue.

Sample
Estimated Fuel Savings and System Costs of Energy
Storage Technologies in Remote Micro-grids by
Battery Type, 2016
  • Impact Analysis-
  • Legal regulatory factors influence the value and
    utility of storage systems. It is impeding the
    technology and market that are conducive to
    adoption of energy storage.

Battery Type Installed Cost (USD/KW)
Flow Battery Utility Scale XX
Flow Battery Distributed XX
Advanced Lead Acid Utility-Scale XX
Advanced Lead Acid Distributed XX
Lithium Ion Utility Scale XX
Lithium Ion Distributed XX
Impact on Energy Storage Systems Market
Source Goldstein Research
9
Request Sample Report
Global Energy Storage System Market, By Capacity
and Growth Rate - 2000-2016
Sample
Source Goldstein Research
  • KEY FINDINGS
  • Since 2010, global energy storage capacity has
    grown steadily, with a cumulative annual growth
    rate of XX between 2010 and 2016. In 2016,
    newly-operating energy storage capacity reached
    MW, a growth of XX from the previous year.
    Projects announced or under construction in 2016
    totaled XX MW. We forecast that global energy
    storage deployments will maintain fast growth in
    the short term.
  • The U.S.A. energy storage capacity in 2016 was XX
    MW, increased by XX between 2010-2016.
    California has the largest deployment of energy
    storage capacity adding 237 megawatts of new
    capacity during 2016. California thus set new
    record for energy storage capacity growth and
    serves as the Americas energy storage leader.
  • The Japanese New Energy Promotion Council (NEPC)
    appropriated USD XX million to develop two
    Large-Scale Grid-Balancing Battery Energy
    Demonstration Projects to support the Kyushu
    Electric Power Co. and Tohoku Electric Power Co.
    install energy storage systems allowing more
    renewable energy on the grid. In 2016, Japan
    total energy storage capacity was XX MW.
  • Germany installed XX residential energy storage
    systems in 2016. There are now XX energy storage
    systems in operation in Germany that serve solar
    PV systems. Total energy storage capacity in 2016
    was XX MW grew by XX between 2010 - 2016.
  • In 2016, China added XX MW of new operating
    energy storage projects an annual growth rate of
    XX. In 2016, companies announced an additional
    XX MW of projects either in planning or under
    construction. In the short term, we expect
    sustained high growth rates for electrochemical
    energy storage installations in China.
  • Pumped hydro storage technology has immense
    opportunities in future for its key advantages
    like low cost, reliability, and the ability to
    provide power at high levels for many hours.

10
Request Sample Report
Sample
  • Factors Impacting Global Energy Storage Systems
    Market
  • There is a range of technologies which are
    either already deployed or currently under
    development. These include various types of
    batteries, flywheels and compressed air storage.
    These technologies provide storage solutions at
    all scales, from household systems through to
    grid-size solutions.
  • costs and benefits of energy storage are in
    continual flux, thus the ratio assist in
    determining the feasibility of storage
    technologies where benefits exceed class, by
    depicting when specific technologies are likely
    to warrant consideration within a certain
    customer class.
  • A well-designed regulatory framework supporting
    the development of energy storage system projects
    could be viewed as a competitive advantage,
    rendering a given country attractive for
    investors.

11
Request Sample Report
Global Energy Storage Systems Market Share (),
By Technology Type, 2016-2024
  • Effective use of the worlds energy resources
    depends on having the flexibility to selectively
    provide energy at choice times, which is the
    fundamental concept behind energy storage
    technologies, the conversion of energy from one
    state to another (i.e., kinetic to potential or
    vice versa) so that it can be harnessed at later
    or used in an alternative manner.
  • Pumped hydro storage(PHS), mechanical energy
    storage type of technology, accounts for more
    than XX of bulk storage capacity worldwide,
    around XX MW across 200 large sites globally.
  • In 2016, most newly-operational electrochemical
    energy storage projects used lithium-ion
    batteries, sodium-sulfur batteries, and lead
    batteries. Together, these three technologies
    accounted for XX of newly-added capacity.
    Lithium-ion battery deployment was largest,
    accounting for XX of newly-added capacity in
    2016.
  • The potential benefits of energy storage have
    caught the attention of many stakeholders in the
    power sector, leading to significant growth.
    Installations associated with grid and ancillary
    services are projected to grow by roughly XX
    times over the next 10 years.

2024
2016
Sample
Source Goldstein Research
Global Energy Storage Systems Market Y-O-Y
Growth,(), By Technology Type- 2016-2024
Global Energy Storage Systems Market Size (USD
Billion), By Technology Type-2016-2024
Source Goldstein Research
12
Global Energy Storage Systems Market
Attractiveness-By Technology Type, 2016-2024
Request Sample Report
Sample
Chemical Energy Storage
Chemical energy storage systems value is expected
to increase from USD XX billion in 2016 to over
XX billion in 2024 for a CAGR of over XX. While
electromechanical energy storage systems is
expected to grow at a CAGR of XX to reach USD XX
Billion. Over the forecast period chemical energy
storage system tends to be the promising energy
storage systems market. Mechanical energy
storage system market share tends to be
sacrificed by electromechanical energy storage
system over the forecast period.
Global Energy Storage Systems Market BPS
Analysis- By Technology Type, 2016-2024
Source Goldstein Research
13
Energy Storage Systems Industry Analysis
Request Sample Report
Energy Storage Systems Industry Historical
Analysis (2016-2017)
Sample
Source Goldstein Research
Source Goldstein Research
In each of the countries survey , a significant
portion of consumers said that they would either
be a first mover in the adoption of an electric
vehicle or at least might be willing to consider
purchasing an electric. mover in the adoption of
an electric vehicle or at least might be willing
to consider purchasing an systems.
SAMPLE
Energy Storage Systems Industry Current Scenario
(2018)
In each of the countries survey , a significant
portion of consumers said that they would either
be a first mover in the adoption of an electric
vehicle or at least might be willing to consider
purchasing an electric c vehicle or at least
might be willing to consider purchasing an
electric
SAMPLE
Sample
Source Goldstein Research
Source Goldstein Research
Energy Storage market Forecast Analysis
(2019-2025)
Source Goldstein Research
Source Goldstein Research
14
U.S. Energy Storage Systems Market Size (USD
Billion), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2016-2024
Request Sample Report
Sample
Source Goldstein Research
Fig 24 U.S. Energy Storage Systems Market Size,
Capacity (Megawatt), 2016-2024
Key Insights
In the U.S., total energy storage systems market
is expected to reach XX million in 2024, up XX
percent from XX million in 2016. Ancillary
services in the U.S. remained the leading
application sector for energy storage. The
United States has the largest market for energy
storage, both by number of projects and installed
capacity. In 2016, XX MW of energy storage have
installed, some states have implemented globally
innovative energy storage incentive programs,
and the country has adopted a XX MW target by
2020.
Source Goldstein Research
The Mid-Atlantic and Midwestern regions of the
U.S. have seen significant energy storage
deployments in the past several years. One of the
most notable drivers for growth has been PJMs
competitive ancillary service market. In the PJM
and MISO grid regions, energy storage is used for
frequency regulation and improving grid
flexibility.
15
North America Energy Storage Systems Market
Attractiveness, By Country, 2016-2024
Request Sample Report
Source Goldstein Research
U.S.A. energy storage systems market value is
expected to increase from USD XX billion in 2016
to over XX billion in 2024 for a CAGR of over
XX. While Canada energy storage systems market
at a CAGR of XX to reach USD XX Billion t. Over
the forecast period U.S.A. tends to be the
promising energy storage systems market due to
the increasing demand of energy and to assimilate
huge capacity of energy generated. Canada has
lower capacity of energy generated in the region
as compared to the U.S.A. capacity. The adoption
rate of these energy storage systems is more
likely in U.S.A., which in present scenario
acquires larger market share and tends further
grow by compensating the market share of Canada.
North America Energy Storage Systems Market BPS
Analysis- By Country, 2016-2024
Source Goldstein Research
16
Request Sample Report
Thank you
About PowerShow.com