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Energy Storage Systems Market 2019 | Outlook, Growth By Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2025

Author : Rahul Sankrityayan | Published Date : 2019-10-24 

This is a professional and in-depth study on the current state of the Energy Storage Systems Market. Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.

Rising concerns over carbon emissions and favorable measures to promote adoption of sustainable energy will drive energy storage systems market forecast over the coming years. Carbon dioxide, the most prevalent and dangerous greenhouse gas that drives global climate change, continues to rise every year. In 2018, Hawaii’s Mauna Loa Atmospheric Baseline Observatory had reported carbon dioxide levels of nearly 411 parts per million (ppm), the highest monthly average ever registered.

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Energy Storage Systems Market International Renewable Energy Agency (IRENA) reports that increased utilization of renewable energy along with intensified electrification could help meet global climate goals by 2050. Renewable technologies which are immediately deployable and cost-effective storage solutions can enhance grid efficiency and help fulfil climate commitments. Renewables already constitute more than half of newly deployed power-generation plants. IRENA further points out very interesting statistics regarding renewable power generation. Energy-related carbon emission reductions would have to drop 70% by 2050 to meet climate goals. Renewable sources, including wind and solar, could meet more than 80% of global power demand over the period.

Energy Storage Systems Market On account of tremendous benefits such as high energy density, long service life and low self-discharge rate, lithium-ion batteries are extensively used in several applications including electric vehicles (EVs), hybrid electric vehicles (HEVs) as well as consumer electronics. In the past decade over 4 million EVs have been sold, with majority of the sales coming from the U.S. and China. In fact, China constituted 50% of the total EV sales worldwide in 2017. Recent studies revealed that the share of battery cost inside an EV component is estimated to drop to less than 20% by 2030.

Increased usage of smartphones worldwide is poised to push the global consumption of lithium ion batteries. Estimates suggest that more than 5 billion individuals currently own at least one mobile gadget, over half of which are smartphones.Introduction of latest features into smartphones and advances in EV technology will considerably stimulate the demand for more reliable and efficient lithium ion batteries, defining energy storage systems market outlook over the next few years.

Partial Table of Contents (ToC) of the Energy Storage Systems Market report:

Chapter 4 Energy Storage Systems Market, By Technology

4.1 Energy storage systems market share by technology, 2018 & 2025

4.2 Pumped Hydro

4.2.1 Global market from pumped hydro, 2014 - 2025

4.2.2 Global market from pumped hydro, by region, 2014 – 2025

4.3 Electro-Chemical

4.3.1 Global market from electro-chemical, 2014 - 2025

4.3.2 Global market from electro-chemical, by region, 2014 – 2025

4.3.3 Lithium Ion Battery

4.3.3.1 Global market from lithium ion battery, 2014 - 2025

4.3.3.2 Global market from lithium ion battery, by region, 2014 – 2025

4.3.4 Sodium sulphur Battery

4.3.4.1 Global market from sodium sulphur battery, 2014 - 2025

4.3.4.2 Global market from sodium sulphur battery, by region, 2014 – 2025

4.3.5 Lead acid Battery

4.3.5.1 Global market from lead acid battery, 2014 - 2025

4.3.5.2 Global market from lead acid battery, by region, 2014 – 2025

4.3.6 Flow Battery

4.3.6.1 Global market from flow battery, 2014 - 2025

4.3.6.2 Global market from flow battery, by region, 2014 – 2025

4.3.7 Others

4.3.7.1 Global market from others, 2014 - 2025

4.3.7.2 Global market from others, by region, 2014 – 2025

4.4 Electro-mechanical

4.4.1 Global market from electro-mechanical, 2014 - 2025

4.4.2 Global market from electro-mechanical, by region, 2014 – 2025

4.4.3 Flywheel

4.4.3.1 Global market from flywheel, 2014 - 2025

4.4.3.2 Global market from flywheel, by region, 2014 – 2025

4.4.4 CAES

4.4.4.1 Global market from CAES, 2014 - 2025

4.4.4.2 Global market from CAES, by region, 2014 – 2025

4.5 Thermal

4.5.1 Global market from thermal, 2014 - 2025

4.5.2 Global market from thermal, by region, 2014 – 2025

4.5.3 Water

4.5.3.1 Global market from water, 2014 - 2025

4.5.3.2 Global market from water, by region, 2014 – 2025

4.5.4 Molten Salt

4.5.4.1 Global market from molten salt, 2014 - 2025

4.5.4.2 Global market from molten salt, by region, 2014 – 2025

4.5.5 PCM

4.5.5.1 Global market from PCM, 2014 - 2025

4.5.5.2 Global market from PCM, by region, 2014 – 2025

4.5.6 Others

4.5.6.1 Global market from others, 2014 - 2025

4.5.6.2 Global market from others, by region, 2014 – 2025

Chapter 5 Energy Storage Systems Market, By Application

5.1 Energy storage systems market share by application, 2018 & 2025

5.2 Electric Energy Time Shift

5.2.1 Global market from electric energy time shift, 2014 - 2025

5.2.2 Global market from electric energy time shift, by region, 2014 – 2025

5.3 Electric Supply Capacity

5.3.1 Global market from electric supply capacity, 2014 - 2025

5.3.2 Global market from electric supply capacity, by region, 2014 – 2025

5.4 Black Start

5.4.1 Global market from black start, 2014 - 2025

5.4.2 Global market from black start, by region, 2014 – 2025

5.5 Renewable Capacity Firming

5.5.1 Global market from renewable capacity firming, 2014 - 2025

5.5.2 Global market from renewable capacity firming, by region, 2014 – 2025

5.6 Frequency Regulation

5.6.1 Global market from frequency regulation, 2014 - 2025

5.6.2 Global market from frequency regulation, by region, 2014 – 2025

5.7 Other

5.7.1 Global market from other, 2014 - 2025

5.7.2 Global market from other, by region, 2014 – 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/energy-storage-systems-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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