Long Duration Energy Storage Market by Technology (Mechanical Storage, Thermal Storage, Electrochemical Storage), Duration (8 to 24, >24 to 36, >36), Capacity (Upto 50 MW, 50-100 MW, More Than 100 MW), Application, End User, Region - Global Forecast to 2030
The long duration energy storage market is forecasted to reach USD 8.61 Billion by 2030 from an estimated USD 3.64 billion in 2024, at a CAGR of 15.4% during the forecast period. With an increasingly aggressive push toward renewable energy sources worldwide solar and wind to other kinds-long-duration energy storage has become necessary to overcome some of the challenges of intermittency. It bridges that gap between when energy is produced and demanded by the grid, ensuring a stable grid and improving reliability in clean energy sources. Investments from governments and utilities into renewable projects create demand in energy storage systems for the storage of power for a duration. In contrast, older power grids increase electrical demands and contribute to the decentralized integration of renewable sources into distribution. LDES finds versatile storage solutions for solving the swing swings in the direction of modernizing pre-existing infrastructure and upgrading existing distribution infrastructures. Grid modernization catapults further LDES adoption by a developed economy through quite much efficiency, better resilience, and smooth penetration of renewable sources.
“50-100 MW segment, by capacity is expected to grow at the highest CAGR during the forecast period.”
As large-scale renewable energy projects, such as solar and wind farms, grow, a strong energy storage system becomes necessary to stabilize the otherwise intermittent power generation. The 50-100 MW capacity range is ideal for such projects as it makes it seamless to integrate renewable energy by storing excess energy when generation is high and then releasing it during times of high demand. Power grids are also exposed to the volatility of renewable resources and the growing demand for electricity. Therefore, storage systems with capacities of 50-100 MW play a crucial role in the stabilization of the grid, reducing congestion, maintaining the stability of frequency and voltage, and thus guaranteeing reliable operation of the grid. As such, this capacity range is key in guaranteeing the reliable operation of the grid while supporting global modernization of grids in developed and developing energy systems.
“Grid management segment is expected to emerge as the fastest segment by application.”
The increasing penetration of intermittent renewable sources such as wind and solar presents challenges to grid stability. LDES systems balance supply and demand by storing excess energy during periods of high generation and releasing it when generation is low. This would make it easier to add more renewables to the system and maintain a stable, reliable power supply while supporting further decarbonization. This output can further destabilize grid frequency and voltage when fluctuations occur. LDES technologies maintain stability by offering extended-duration energy discharge. In doing so, utilities respond to the load changes and imbalances that will ensure the power delivered is reliable and efficiently executed in a renewable-rich system.
“Europe to grow at the highest CAGR in the long duration energy storage market.”
Europe is expanding renewable energy capacity, especially in solar and wind, fast to reach decarbonization targets. The LDES technologies play an important role in overcoming the intermittency of renewables by providing excess power at high generation and discharging when the renewables output is low to enhance the stability of the grid while supporting the uptake of clean energy. These are the ambitious energy transition targets set by the European Union, including the European Green Deal, which fuels the demand for sustainable storage solutions. The LDES systems have already proven to provide flexibility for grids, stabilize renewable energy sources, and support efforts towards decarbonization, and the whole of Europe keeps marching towards its climate goals.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
By Region: North Americas- 30%, Europe- 20%, Asia Pacific- 25%, and the Middle East & Africa- 15% and South America- 10%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
Sumitomo Electric Industries, Ltd. (Japan), ESS Tech, Inc. (US), Energy Vault, Inc. (US), Eos Energy Enterprises (US), Invinity Energy Systems (England), MAN Energy Solutions (Germany), Highview Power (UK), Primus Power (US), CMBlu Energy AG (Germany), and Malta Inc. (US) are some of the key players in the long duration energy storage market. The study includes an in-depth competitive analysis of these key players in the long duration energy storage market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the long duration energy storage market by technology (Mechanical Storage, Thermal Storage, Electrochemical Storage, and Chemical Storage), by duration (8 to 24, >24 to 36, and >36) by Application (Grid Management, Power Backup, Renewable Energy Integration and Off grid and Microgrid Systems), by capacity (Upto 50 MW, 50-100 and more than 100 MW) End User (Utilities, Industrial, Residential & Commercial, and Transportation & Mobilitysss) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the long duration energy storage market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the long duration energy storage market. Competitive analysis of upcoming startups in the long duration energy storage market ecosystem is covered in this report.
Key Benefits of Buying the Report
“50-100 MW segment, by capacity is expected to grow at the highest CAGR during the forecast period.”
As large-scale renewable energy projects, such as solar and wind farms, grow, a strong energy storage system becomes necessary to stabilize the otherwise intermittent power generation. The 50-100 MW capacity range is ideal for such projects as it makes it seamless to integrate renewable energy by storing excess energy when generation is high and then releasing it during times of high demand. Power grids are also exposed to the volatility of renewable resources and the growing demand for electricity. Therefore, storage systems with capacities of 50-100 MW play a crucial role in the stabilization of the grid, reducing congestion, maintaining the stability of frequency and voltage, and thus guaranteeing reliable operation of the grid. As such, this capacity range is key in guaranteeing the reliable operation of the grid while supporting global modernization of grids in developed and developing energy systems.
“Grid management segment is expected to emerge as the fastest segment by application.”
The increasing penetration of intermittent renewable sources such as wind and solar presents challenges to grid stability. LDES systems balance supply and demand by storing excess energy during periods of high generation and releasing it when generation is low. This would make it easier to add more renewables to the system and maintain a stable, reliable power supply while supporting further decarbonization. This output can further destabilize grid frequency and voltage when fluctuations occur. LDES technologies maintain stability by offering extended-duration energy discharge. In doing so, utilities respond to the load changes and imbalances that will ensure the power delivered is reliable and efficiently executed in a renewable-rich system.
“Europe to grow at the highest CAGR in the long duration energy storage market.”
Europe is expanding renewable energy capacity, especially in solar and wind, fast to reach decarbonization targets. The LDES technologies play an important role in overcoming the intermittency of renewables by providing excess power at high generation and discharging when the renewables output is low to enhance the stability of the grid while supporting the uptake of clean energy. These are the ambitious energy transition targets set by the European Union, including the European Green Deal, which fuels the demand for sustainable storage solutions. The LDES systems have already proven to provide flexibility for grids, stabilize renewable energy sources, and support efforts towards decarbonization, and the whole of Europe keeps marching towards its climate goals.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
By Region: North Americas- 30%, Europe- 20%, Asia Pacific- 25%, and the Middle East & Africa- 15% and South America- 10%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
Sumitomo Electric Industries, Ltd. (Japan), ESS Tech, Inc. (US), Energy Vault, Inc. (US), Eos Energy Enterprises (US), Invinity Energy Systems (England), MAN Energy Solutions (Germany), Highview Power (UK), Primus Power (US), CMBlu Energy AG (Germany), and Malta Inc. (US) are some of the key players in the long duration energy storage market. The study includes an in-depth competitive analysis of these key players in the long duration energy storage market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the long duration energy storage market by technology (Mechanical Storage, Thermal Storage, Electrochemical Storage, and Chemical Storage), by duration (8 to 24, >24 to 36, and >36) by Application (Grid Management, Power Backup, Renewable Energy Integration and Off grid and Microgrid Systems), by capacity (Upto 50 MW, 50-100 and more than 100 MW) End User (Utilities, Industrial, Residential & Commercial, and Transportation & Mobilitysss) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the long duration energy storage market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the long duration energy storage market. Competitive analysis of upcoming startups in the long duration energy storage market ecosystem is covered in this report.
Key Benefits of Buying the Report
- Analysis of key drivers (Growing renewable Energy Integration, Pressing need to enhance grid reliability and resilience to mitigate power outage risks), restraints (High installation costs of DERMS, Limited adoption of DERMS due to uncertainties and varying regulations across different jurisdictions), opportunities (Limited adoption of DERMS due to uncertainties and varying regulations across different jurisdictions, Expansion of electric vehicle infrastructure) and challenges (Interoperability issues among different energy systems and technologies, Cybersecurity risks associated with DERMS) influences the growth of the long duration energy storage market.
- Product Development/ Innovation: The battery chemistries, such as flow batteries, and solid-state batteries, further improve storage efficiency and extend length. Advances in the mechanical storage of CAES, pumped hydro, and more storages which facilitate dischargeability for several days also continue with their development. Old power grids are now also getting upgraded into LDES systems, particularly for ensuring balancing renewable energy integration and peak loads, and the security of supply during an outage situation. In addition, with growing potential for developing green hydrogen as an energy storage medium over long periods, it offers flexibility along with the de-carbonisation benefit.
- Market Development: in March 2023, Sumitomo Electric Industries, Ltd. (Japan) developed sEMSA the next-generation energy management solution for grid storage batteries. Charging and discharging plans for a cloud-based server are optimized and profit maximized through applications, including supply-demand balancing and participation in the power trading market. On site, the sEMSA terminal controls the battery operations, maintaining power grid stability and the capability of Virtual Power Plant functionalities for renewable energy integration. Compatible with many battery systems, sEMSA improves grid stability and opens up new sources of revenue for operators that drive efficient energy management solutions.
- Market Diversification: In May 2024, ESS Tech, Inc. (US) and Burbank Water and Power (US) commemorate the energizing of BWP's first LDES system in the United States - a 75 kW/500 kWh ESS Energy Warehouse iron flow battery installed at Burbank Water and Power's EcoCampus, interfaced with a 265 kW solar array that will generate enough power to fuel 300 homes-an exemplification of iron flow technology supporting a decarbonized grid. This project supports California's 2045 zero-emission electricity goal and demonstrates the importance of LDES for integrating renewable energy.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like The Sumitomo Electric Industries, Ltd. (Japan), ESS Tech, Inc. (US), Energy Vault, Inc. (US), Eos Energy Enterprises (US), Invinity Energy Systems (England), MAN Energy Solutions (Germany), Highview Power (UK), Primus Power (US), CMBlu Energy AG (Germany), and Malta Inc. (US) among others in the long duration energy storage market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 LONG DURATION ENERGY STORAGE MARKET:
SEGMENTATION & REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of primary interview participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.1.2.4 Key data from primary sources
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Assumptions for demand-side analysis
2.3.3.2 Calculations for demand-side analysis
2.3.4 SUPPLY-SIDE ANALYSIS
2.3.4.1 Assumptions for supply-side analysis
2.3.4.2 Calculations for supply-side analysis
2.4 GROWTH FORECAST ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LONG DURATION ENERGY
STORAGE MARKET
4.2 LONG DURATION ENERGY STORAGE MARKET, BY REGION
4.3 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY
4.4 LONG DURATION ENERGY STORAGE MARKET, BY DURATION
4.5 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION
4.6 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY
4.7 LONG DURATION ENERGY STORAGE MARKET, BY END USER
4.8 LONG DURATION ENERGY STORAGE MARKET IN NORTH AMERICA, BY DURATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing use of renewable energy sources for power generation
5.2.1.2 Rising need to ensure grid resilience
5.2.1.3 Transition to low-carbon energy
5.2.1.4 Declining cost of lithium-ion batteries
5.2.2 RESTRAINTS
5.2.2.1 Lack of commercial readiness and scalability among emerging technologies
5.2.2.2 Substantial capital expenditure for development and installation of LDES technology
5.2.3 OPPORTUNITIES
5.2.3.1 Rising number of low-emission hydrogen production projects
5.2.3.2 Favorable government initiatives to boost LDES adoption
5.2.3.3 Rapid growth of data centers
5.2.4 CHALLENGES
5.2.4.1 Lack of standardization in LDES systems
5.2.4.2 Integration of LDES into existing power systems
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
5.4.1 RAW MATERIAL PROVIDERS
5.4.2 TECHNOLOGY DEVELOPERS AND MANUFACTURERS
5.4.3 INTEGRATORS/SERVICE PROVIDERS
5.4.4 END USERS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 ENGIE, EQUANS, AND JAN DE NUL PARTNERED TO INSTALL INDUSTRIAL-SCALE SOLAR + STORAGE PROJECT THAT OPTIMIZED USE OF ON-SITE SOLAR ENERGY THROUGH SOLAR SHIFTING
5.6.2 CAISO ADOPTED STRATEGIES TO INTEGRATE ENERGY STORAGE INTO GRID TO ENHANCE FLEXIBILITY AND ASSIST IN INTEGRATING RENEWABLE ENERGY
5.6.3 ENERGY VAULT DEPLOYED SMALL-SCALE GRAVITY-BASED ENERGY STORAGE TECHNOLOGY TO ENHANCE ENERGY RESILIENCE
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Electromechanical technology
5.8.1.2 Thermal technology
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 Zinc air technology
5.8.2.2 Zinc bromine flow technology
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Hydrogen energy storage
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 8507)
5.10.2 EXPORT SCENARIO (HS CODE 8507)
5.11 KEY CONFERENCES AND EVENTS, 2024–2025
5.12 PRICING ANALYSIS
5.12.1 INDICATIVE PRICING ANALYSIS OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY TECHNOLOGY, 2024
5.12.2 AVERAGE SELLING PRICE TREND OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY REGION, 2020–2024
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATIONS
5.14 PORTER'S FIVE FORCES ANALYSIS
5.14.1 THREAT OF SUBSTITUTES
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF NEW ENTRANTS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16 BUYING CRITERIA
5.17 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET
5.17.1 INTRODUCTION
5.17.2 ADOPTION OF AI/GENERATIVE AI APPLICATIONS IN LONG DURATION
ENERGY STORAGE MARKET
5.17.2.1 Enhanced system efficiency
5.17.2.2 Improved grid integration
5.17.2.3 Cost optimization
5.17.2.4 Improved demand forecasting
5.17.2.5 Custom solutions for end users
5.17.3 IMPACT OF AI/GENERATIVE AI, BY END USER AND REGION
5.17.4 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET, BY REGION
5.18 GLOBAL MACROECONOMIC OUTLOOK FOR LONG DURATION ENERGY STORAGE MARKET
5.18.1 GDP
5.18.2 RESEARCH AND DEVELOPMENT EXPENDITURE
5.18.3 INVESTMENTS IN LONG DURATION ENERGY STORAGE TECHNOLOGY
5.19 SERVICES OFFERED BY DIFFERENT LONG DURATION ENERGY STORAGE TECHNOLOGIES
5.19.1 POWER-TO-POWER
5.19.2 POWER-TO-HEAT
5.19.3 POWER-TO-X
6 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
6.2 MECHANICAL STORAGE
6.2.1 NEED FOR MAINTAINING GRID STABILITY AND RENEWABLE ENERGY INTEGRATION TO PROPEL MARKET
6.2.2 PUMPED HYDRO STORAGE
6.2.3 COMPRESSED AIR ENERGY STORAGE
6.2.4 OTHERS
6.3 THERMAL STORAGE
6.3.1 OFFERS COST-EFFECTIVE, SCALABLE, AND RELIABLE ENERGY SOLUTIONS
6.3.2 MOLTEN SALT THERMAL ENERGY STORAGE
6.3.3 OTHERS
6.4 ELECTROCHEMICAL STORAGE
6.4.1 WIDELY ADOPTED DUE TO SCALABILITY, VERSATILITY, AND ABILITY TO
MEET DIVERSE ENERGY STORAGE NEEDS
6.4.2 LITHIUM-ION
6.4.3 LEAD-ACID
6.4.4 FLOW BATTERIES
6.4.5 OTHERS
6.5 CHEMICAL STORAGE
6.5.1 DEMAND FOR SCALABLE, VERSATILE SOLUTIONS FOR
DECARBONIZATION AND ENERGY RELIABILITY TO DRIVE MARKET
6.5.2 HYDROGEN STORAGE
6.5.3 OTHERS
7 LONG DURATION ENERGY STORAGE MARKET, BY DURATION
7.1 INTRODUCTION
7.2 8 TO 24 HOURS
7.2.1 GOVERNMENT INVESTMENTS AND INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH
7.3 >24 TO 36 HOURS
7.3.1 TECHNOLOGICAL ADVANCEMENTS ENABLING IMPROVED ENERGY STORAGE DURATION AND GREATER ROUND-TRIP EFFICIENCY
7.4 >36 HOURS
7.4.1 NEED FOR ADDRESSING MULTI-DAY ENERGY SHIFTING AND
MANAGING RENEWABLE GENERATION GAPS TO FUEL MARKET
7.4.2 >36 TO 160 HOURS
7.4.3 160+ HOURS
8 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY
8.1 INTRODUCTION
8.2 UP TO 50 MW
8.2.1 NEED TO SUPPORT LOCALIZED GRID SERVICES TO SUPPORT MARKET GROWTH
8.2.2 10?25 MW
8.2.3 25?50 MW
8.3 50?100 MW
8.3.1 GROWING RENEWABLE ENERGY INTEGRATION TO FUEL MARKET EXPANSION
8.4 MORE THAN 100 MW
8.4.1 DEVELOPMENT OF LARGE-SCALE ENERGY GENERATION PROJECTS TO
FUEL MARKET GROWTH
9 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 GRID MANAGEMENT
9.2.1 NEED FOR GRID STABILIZATION & RENEWABLE ENERGY INTEGRATION TO SUPPORT MARKET GROWTH
9.2.2 GRID STABILITY
9.2.3 ANCILLARY SERVICES
9.2.4 OTHERS
9.3 POWER BACKUP
9.3.1 NEED FOR ENERGY STORAGE IN VARIOUS END-USE INDUSTRIES TO
DRIVE MARKET
9.3.1.1 Peak demand management
9.3.1.2 Load shift
9.3.1.3 Others
9.4 RENEWABLE ENERGY INTEGRATION
9.4.1 INCREASING SHARE OF RENEWABLE ENERGY IN TOTAL ENERGY MIX OF VARIOUS COUNTRIES TO SUPPORT MARKET GROWTH
9.5 OFF GRID & MICROGRID SYSTEMS
9.5.1 NEED TO REDUCE DEPENDENCE ON CARBON-INTENSIVE BACKUP SYSTEMS TO FUEL MARKET
10 LONG DURATION ENERGY STORAGE MARKET, BY END USER
10.1 INTRODUCTION
10.2 UTILITIES
10.2.1 GOVERNMENT INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH
10.3 INDUSTRIAL
10.3.1 NEED TO MEET STRINGENT CARBON REDUCTION TARGETS SET BY GOVERNMENTS TO FUEL MARKET EXPANSION
10.3.1.1 Chemical
10.3.1.2 Agriculture
10.3.1.3 Oil & gas
10.4 RESIDENTIAL & COMMERCIAL
10.4.1 ENERGY COST SAVINGS AND PEAK LOAD MANAGEMENT IN
COMMERCIAL & RESIDENTIAL SECTORS TO DRIVE MARKET
10.5 TRANSPORTATION & MOBILITY
10.5.1 GROWING DEMAND FOR GREEN ENERGY TO POWER VEHICLES TO
FUEL MARKET EXPANSION
11 LONG DURATION ENERGY STORAGE MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Growing battery storage capacities in California and Texas to
support market growth
11.2.2 CANADA
11.2.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions to drive market
11.2.3 MEXICO
11.2.3.1 Regulatory framework, renewable energy goals,
and grid modernization to drive demand
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 Renewable integration, grid modernization, and decarbonization to support market growth
11.3.2 JAPAN
11.3.2.1 Renewable energy goals, innovation, self-sufficiency,
and strategic projects to drive market
11.3.3 INDIA
11.3.3.1 Renewable energy expansion and government support to
drive market growth
11.3.4 AUSTRALIA
11.3.4.1 Innovation, investment, and international collaboration initiatives to propel demand
11.3.5 REST OF ASIA PACIFIC
11.4 EUROPE
11.4.1 GERMANY
11.4.1.1 Growing battery storage capacities to propel market
11.4.2 UK
11.4.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions fueling market growth
11.4.3 FRANCE
11.4.3.1 Regulatory framework, renewable energy goals, and grid modernization to support market growth
11.4.4 ITALY
11.4.4.1 National decarbonization goals to drive adoption of long duration energy storage systems
11.4.5 REST OF EUROPE
11.5 MIDDLE EAST & AFRICA
11.5.1 GCC COUNTRIES
11.5.1.1 Government initiatives and large-scale energy storage projects to drive market growth
11.5.2 REST OF GCC
11.5.2.1 Strong commitment to development of renewable energy and
energy storage to drive market
11.5.3 SOUTH AFRICA
11.5.3.1 Implementation of various renewable energy projects to support market growth
11.5.4 REST OF MIDDLE EAST & AFRICA
11.6 SOUTH AMERICA
11.6.1 BRAZIL
11.6.1.1 Efforts to reduce dependence on traditional energy sources to drive market growth
11.6.2 CHILE
11.6.2.1 Government renewable energy targets to support market expansion
11.6.3 REST OF SOUTH AMERICA
11.6.3.1 Abundance of lithium reserve to support market growth
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN, 2020–2024
12.3 REVENUE ANALYSIS, 2019–2023
12.4 MARKET SHARE ANALYSIS, 2023
12.4.1 MAN ENERGY SOLUTIONS
12.4.2 SUMITOMO ELECTRIC INDUSTRIES, LTD.
12.4.3 ENERGY VAULT, INC.
12.4.4 INVINITY ENERGY SYSTEMS
12.4.5 ESS TECH, INC.
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
12.6 BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023
12.7.5.1 Company footprint
12.7.5.2 Market footprint
12.7.5.3 Region footprint
12.7.5.4 Duration footprint
12.7.5.5 Technology footprint
12.7.5.6 Application footprint
12.7.5.7 Capacity footprint
12.7.5.8 End user footprint
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key startups/SMEs
12.8.5.2 Competitive benchmarking of key startups/SMEs
12.9 COMPETITIVE SCENARIO
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSIONS
12.9.4 OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 MAN ENERGY SOLUTIONS
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.3.2 Other developments
13.1.1.4 MnM view
13.1.1.4.1 Key strengths/Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses/Competitive threats
13.1.2 SUMITOMO ELECTRIC INDUSTRIES, LTD.
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Product launches
13.1.2.3.2 Deals
13.1.2.3.3 Expansions
13.1.2.3.4 Other developments
13.1.2.4 MnM view
13.1.2.4.1 Key strengths/Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses/Competitive threats
13.1.3 ENERGY VAULT, INC.
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.3.2 Expansions
13.1.3.3.3 Other developments
13.1.3.4 MnM view
13.1.3.4.1 Key strengths/Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses/Competitive threats
13.1.4 INVINITY ENERGY SYSTEMS
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.3.2 Other developments
13.1.4.4 MnM view
13.1.4.4.1 Key strengths/Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses/Competitive threats
13.1.5 HIGHVIEW POWER
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.3.2 Expansions
13.1.5.3.3 Other developments
13.1.6 CMBLU ENERGY AG
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.6.3.3 Other developments
13.1.7 RHEENERGISE LIMITED
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.7.3 Recent developments
13.1.7.3.1 Deals
13.1.7.3.2 Other developments
13.1.8 MALTA INC.
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Other developments
13.1.9 PRIMUS POWER
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.10 STORELECTRIC LTD.
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.11 QUANTUMSCAPE BATTERY, INC.
13.1.11.1 Business overview
13.1.11.2 Products/Solutions/Services offered
13.1.11.3 Recent developments
13.1.11.3.1 Deals
13.1.12 FORM ENERGY
13.1.12.1 Business overview
13.1.12.2 Products/Solutions/Services offered
13.1.12.3 Recent developments
13.1.12.3.1 Deals
13.1.12.3.2 Expansions
13.1.12.3.3 Other developments
13.1.13 SFW
13.1.13.1 Business overview
13.1.13.2 Products/Solutions/Services offered
13.1.13.3 Recent developments
13.1.13.3.1 Deals
13.1.13.3.2 Other developments
13.1.14 AUGWIND
13.1.14.1 Business overview
13.1.14.2 Products/Solutions/Services offered
13.1.14.3 Recent developments
13.1.14.3.1 Deals
13.1.14.3.2 Expansions
13.1.14.3.3 Other developments
13.1.15 ESS TECH, INC.
13.1.15.1 Business overview
13.1.15.2 Products/Solutions/Services offered
13.1.15.3 Recent developments
13.1.15.3.1 Product launches
13.1.15.3.2 Deals
13.1.15.3.3 Expansions
13.1.15.3.4 Other developments
13.1.15.4 MnM view
13.1.15.4.1 Key strengths/Right to win
13.1.15.4.2 Strategic choices
13.1.15.4.3 Weaknesses/Competitive threats
13.1.16 EOS ENERGY ENTERPRISES
13.1.16.1 Business overview
13.1.16.2 Products/Solutions/Services offered
13.1.16.3 Recent developments
13.1.16.3.1 Deals
13.1.16.3.2 Other developments
13.2 OTHER PLAYERS
13.2.1 1414 DEGREES AUSTRALIA
13.2.2 GKN HYDROGEN
13.2.3 ALSYM ENERGY INC.
13.2.4 AMBRI INCORPORATED
13.2.5 VFLOWTECH PTE LTD.
13.2.6 VOLTSTORAGE
13.2.7 MGA THERMAL PTY LTD
13.2.8 RONDO ENERGY, INC.
13.2.9 LINA ENERGY LTD.
13.2.10 E-ZINC INC.
13.2.11 RYE DEVELOPMENT, LLC
13.2.12 HYDROSTOR
13.2.13 ENERGY DOME S.P.A.
13.2.14 ARKLE ENERGY SOLUTIONS
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 LONG DURATION ENERGY STORAGE MARKET:
SEGMENTATION & REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of primary interview participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.1.2.4 Key data from primary sources
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Assumptions for demand-side analysis
2.3.3.2 Calculations for demand-side analysis
2.3.4 SUPPLY-SIDE ANALYSIS
2.3.4.1 Assumptions for supply-side analysis
2.3.4.2 Calculations for supply-side analysis
2.4 GROWTH FORECAST ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LONG DURATION ENERGY
STORAGE MARKET
4.2 LONG DURATION ENERGY STORAGE MARKET, BY REGION
4.3 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY
4.4 LONG DURATION ENERGY STORAGE MARKET, BY DURATION
4.5 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION
4.6 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY
4.7 LONG DURATION ENERGY STORAGE MARKET, BY END USER
4.8 LONG DURATION ENERGY STORAGE MARKET IN NORTH AMERICA, BY DURATION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing use of renewable energy sources for power generation
5.2.1.2 Rising need to ensure grid resilience
5.2.1.3 Transition to low-carbon energy
5.2.1.4 Declining cost of lithium-ion batteries
5.2.2 RESTRAINTS
5.2.2.1 Lack of commercial readiness and scalability among emerging technologies
5.2.2.2 Substantial capital expenditure for development and installation of LDES technology
5.2.3 OPPORTUNITIES
5.2.3.1 Rising number of low-emission hydrogen production projects
5.2.3.2 Favorable government initiatives to boost LDES adoption
5.2.3.3 Rapid growth of data centers
5.2.4 CHALLENGES
5.2.4.1 Lack of standardization in LDES systems
5.2.4.2 Integration of LDES into existing power systems
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
5.4.1 RAW MATERIAL PROVIDERS
5.4.2 TECHNOLOGY DEVELOPERS AND MANUFACTURERS
5.4.3 INTEGRATORS/SERVICE PROVIDERS
5.4.4 END USERS
5.5 ECOSYSTEM ANALYSIS
5.6 CASE STUDY ANALYSIS
5.6.1 ENGIE, EQUANS, AND JAN DE NUL PARTNERED TO INSTALL INDUSTRIAL-SCALE SOLAR + STORAGE PROJECT THAT OPTIMIZED USE OF ON-SITE SOLAR ENERGY THROUGH SOLAR SHIFTING
5.6.2 CAISO ADOPTED STRATEGIES TO INTEGRATE ENERGY STORAGE INTO GRID TO ENHANCE FLEXIBILITY AND ASSIST IN INTEGRATING RENEWABLE ENERGY
5.6.3 ENERGY VAULT DEPLOYED SMALL-SCALE GRAVITY-BASED ENERGY STORAGE TECHNOLOGY TO ENHANCE ENERGY RESILIENCE
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Electromechanical technology
5.8.1.2 Thermal technology
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 Zinc air technology
5.8.2.2 Zinc bromine flow technology
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Hydrogen energy storage
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO (HS CODE 8507)
5.10.2 EXPORT SCENARIO (HS CODE 8507)
5.11 KEY CONFERENCES AND EVENTS, 2024–2025
5.12 PRICING ANALYSIS
5.12.1 INDICATIVE PRICING ANALYSIS OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY TECHNOLOGY, 2024
5.12.2 AVERAGE SELLING PRICE TREND OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY REGION, 2020–2024
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATIONS
5.14 PORTER'S FIVE FORCES ANALYSIS
5.14.1 THREAT OF SUBSTITUTES
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF NEW ENTRANTS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16 BUYING CRITERIA
5.17 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET
5.17.1 INTRODUCTION
5.17.2 ADOPTION OF AI/GENERATIVE AI APPLICATIONS IN LONG DURATION
ENERGY STORAGE MARKET
5.17.2.1 Enhanced system efficiency
5.17.2.2 Improved grid integration
5.17.2.3 Cost optimization
5.17.2.4 Improved demand forecasting
5.17.2.5 Custom solutions for end users
5.17.3 IMPACT OF AI/GENERATIVE AI, BY END USER AND REGION
5.17.4 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET, BY REGION
5.18 GLOBAL MACROECONOMIC OUTLOOK FOR LONG DURATION ENERGY STORAGE MARKET
5.18.1 GDP
5.18.2 RESEARCH AND DEVELOPMENT EXPENDITURE
5.18.3 INVESTMENTS IN LONG DURATION ENERGY STORAGE TECHNOLOGY
5.19 SERVICES OFFERED BY DIFFERENT LONG DURATION ENERGY STORAGE TECHNOLOGIES
5.19.1 POWER-TO-POWER
5.19.2 POWER-TO-HEAT
5.19.3 POWER-TO-X
6 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
6.2 MECHANICAL STORAGE
6.2.1 NEED FOR MAINTAINING GRID STABILITY AND RENEWABLE ENERGY INTEGRATION TO PROPEL MARKET
6.2.2 PUMPED HYDRO STORAGE
6.2.3 COMPRESSED AIR ENERGY STORAGE
6.2.4 OTHERS
6.3 THERMAL STORAGE
6.3.1 OFFERS COST-EFFECTIVE, SCALABLE, AND RELIABLE ENERGY SOLUTIONS
6.3.2 MOLTEN SALT THERMAL ENERGY STORAGE
6.3.3 OTHERS
6.4 ELECTROCHEMICAL STORAGE
6.4.1 WIDELY ADOPTED DUE TO SCALABILITY, VERSATILITY, AND ABILITY TO
MEET DIVERSE ENERGY STORAGE NEEDS
6.4.2 LITHIUM-ION
6.4.3 LEAD-ACID
6.4.4 FLOW BATTERIES
6.4.5 OTHERS
6.5 CHEMICAL STORAGE
6.5.1 DEMAND FOR SCALABLE, VERSATILE SOLUTIONS FOR
DECARBONIZATION AND ENERGY RELIABILITY TO DRIVE MARKET
6.5.2 HYDROGEN STORAGE
6.5.3 OTHERS
7 LONG DURATION ENERGY STORAGE MARKET, BY DURATION
7.1 INTRODUCTION
7.2 8 TO 24 HOURS
7.2.1 GOVERNMENT INVESTMENTS AND INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH
7.3 >24 TO 36 HOURS
7.3.1 TECHNOLOGICAL ADVANCEMENTS ENABLING IMPROVED ENERGY STORAGE DURATION AND GREATER ROUND-TRIP EFFICIENCY
7.4 >36 HOURS
7.4.1 NEED FOR ADDRESSING MULTI-DAY ENERGY SHIFTING AND
MANAGING RENEWABLE GENERATION GAPS TO FUEL MARKET
7.4.2 >36 TO 160 HOURS
7.4.3 160+ HOURS
8 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY
8.1 INTRODUCTION
8.2 UP TO 50 MW
8.2.1 NEED TO SUPPORT LOCALIZED GRID SERVICES TO SUPPORT MARKET GROWTH
8.2.2 10?25 MW
8.2.3 25?50 MW
8.3 50?100 MW
8.3.1 GROWING RENEWABLE ENERGY INTEGRATION TO FUEL MARKET EXPANSION
8.4 MORE THAN 100 MW
8.4.1 DEVELOPMENT OF LARGE-SCALE ENERGY GENERATION PROJECTS TO
FUEL MARKET GROWTH
9 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 GRID MANAGEMENT
9.2.1 NEED FOR GRID STABILIZATION & RENEWABLE ENERGY INTEGRATION TO SUPPORT MARKET GROWTH
9.2.2 GRID STABILITY
9.2.3 ANCILLARY SERVICES
9.2.4 OTHERS
9.3 POWER BACKUP
9.3.1 NEED FOR ENERGY STORAGE IN VARIOUS END-USE INDUSTRIES TO
DRIVE MARKET
9.3.1.1 Peak demand management
9.3.1.2 Load shift
9.3.1.3 Others
9.4 RENEWABLE ENERGY INTEGRATION
9.4.1 INCREASING SHARE OF RENEWABLE ENERGY IN TOTAL ENERGY MIX OF VARIOUS COUNTRIES TO SUPPORT MARKET GROWTH
9.5 OFF GRID & MICROGRID SYSTEMS
9.5.1 NEED TO REDUCE DEPENDENCE ON CARBON-INTENSIVE BACKUP SYSTEMS TO FUEL MARKET
10 LONG DURATION ENERGY STORAGE MARKET, BY END USER
10.1 INTRODUCTION
10.2 UTILITIES
10.2.1 GOVERNMENT INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH
10.3 INDUSTRIAL
10.3.1 NEED TO MEET STRINGENT CARBON REDUCTION TARGETS SET BY GOVERNMENTS TO FUEL MARKET EXPANSION
10.3.1.1 Chemical
10.3.1.2 Agriculture
10.3.1.3 Oil & gas
10.4 RESIDENTIAL & COMMERCIAL
10.4.1 ENERGY COST SAVINGS AND PEAK LOAD MANAGEMENT IN
COMMERCIAL & RESIDENTIAL SECTORS TO DRIVE MARKET
10.5 TRANSPORTATION & MOBILITY
10.5.1 GROWING DEMAND FOR GREEN ENERGY TO POWER VEHICLES TO
FUEL MARKET EXPANSION
11 LONG DURATION ENERGY STORAGE MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Growing battery storage capacities in California and Texas to
support market growth
11.2.2 CANADA
11.2.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions to drive market
11.2.3 MEXICO
11.2.3.1 Regulatory framework, renewable energy goals,
and grid modernization to drive demand
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 Renewable integration, grid modernization, and decarbonization to support market growth
11.3.2 JAPAN
11.3.2.1 Renewable energy goals, innovation, self-sufficiency,
and strategic projects to drive market
11.3.3 INDIA
11.3.3.1 Renewable energy expansion and government support to
drive market growth
11.3.4 AUSTRALIA
11.3.4.1 Innovation, investment, and international collaboration initiatives to propel demand
11.3.5 REST OF ASIA PACIFIC
11.4 EUROPE
11.4.1 GERMANY
11.4.1.1 Growing battery storage capacities to propel market
11.4.2 UK
11.4.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions fueling market growth
11.4.3 FRANCE
11.4.3.1 Regulatory framework, renewable energy goals, and grid modernization to support market growth
11.4.4 ITALY
11.4.4.1 National decarbonization goals to drive adoption of long duration energy storage systems
11.4.5 REST OF EUROPE
11.5 MIDDLE EAST & AFRICA
11.5.1 GCC COUNTRIES
11.5.1.1 Government initiatives and large-scale energy storage projects to drive market growth
11.5.2 REST OF GCC
11.5.2.1 Strong commitment to development of renewable energy and
energy storage to drive market
11.5.3 SOUTH AFRICA
11.5.3.1 Implementation of various renewable energy projects to support market growth
11.5.4 REST OF MIDDLE EAST & AFRICA
11.6 SOUTH AMERICA
11.6.1 BRAZIL
11.6.1.1 Efforts to reduce dependence on traditional energy sources to drive market growth
11.6.2 CHILE
11.6.2.1 Government renewable energy targets to support market expansion
11.6.3 REST OF SOUTH AMERICA
11.6.3.1 Abundance of lithium reserve to support market growth
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN, 2020–2024
12.3 REVENUE ANALYSIS, 2019–2023
12.4 MARKET SHARE ANALYSIS, 2023
12.4.1 MAN ENERGY SOLUTIONS
12.4.2 SUMITOMO ELECTRIC INDUSTRIES, LTD.
12.4.3 ENERGY VAULT, INC.
12.4.4 INVINITY ENERGY SYSTEMS
12.4.5 ESS TECH, INC.
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
12.6 BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023
12.7.5.1 Company footprint
12.7.5.2 Market footprint
12.7.5.3 Region footprint
12.7.5.4 Duration footprint
12.7.5.5 Technology footprint
12.7.5.6 Application footprint
12.7.5.7 Capacity footprint
12.7.5.8 End user footprint
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key startups/SMEs
12.8.5.2 Competitive benchmarking of key startups/SMEs
12.9 COMPETITIVE SCENARIO
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSIONS
12.9.4 OTHER DEVELOPMENTS
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 MAN ENERGY SOLUTIONS
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.3.2 Other developments
13.1.1.4 MnM view
13.1.1.4.1 Key strengths/Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses/Competitive threats
13.1.2 SUMITOMO ELECTRIC INDUSTRIES, LTD.
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Product launches
13.1.2.3.2 Deals
13.1.2.3.3 Expansions
13.1.2.3.4 Other developments
13.1.2.4 MnM view
13.1.2.4.1 Key strengths/Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses/Competitive threats
13.1.3 ENERGY VAULT, INC.
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.3.2 Expansions
13.1.3.3.3 Other developments
13.1.3.4 MnM view
13.1.3.4.1 Key strengths/Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses/Competitive threats
13.1.4 INVINITY ENERGY SYSTEMS
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.3.2 Other developments
13.1.4.4 MnM view
13.1.4.4.1 Key strengths/Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses/Competitive threats
13.1.5 HIGHVIEW POWER
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.3.2 Expansions
13.1.5.3.3 Other developments
13.1.6 CMBLU ENERGY AG
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.6.3.3 Other developments
13.1.7 RHEENERGISE LIMITED
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.7.3 Recent developments
13.1.7.3.1 Deals
13.1.7.3.2 Other developments
13.1.8 MALTA INC.
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Other developments
13.1.9 PRIMUS POWER
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.10 STORELECTRIC LTD.
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.11 QUANTUMSCAPE BATTERY, INC.
13.1.11.1 Business overview
13.1.11.2 Products/Solutions/Services offered
13.1.11.3 Recent developments
13.1.11.3.1 Deals
13.1.12 FORM ENERGY
13.1.12.1 Business overview
13.1.12.2 Products/Solutions/Services offered
13.1.12.3 Recent developments
13.1.12.3.1 Deals
13.1.12.3.2 Expansions
13.1.12.3.3 Other developments
13.1.13 SFW
13.1.13.1 Business overview
13.1.13.2 Products/Solutions/Services offered
13.1.13.3 Recent developments
13.1.13.3.1 Deals
13.1.13.3.2 Other developments
13.1.14 AUGWIND
13.1.14.1 Business overview
13.1.14.2 Products/Solutions/Services offered
13.1.14.3 Recent developments
13.1.14.3.1 Deals
13.1.14.3.2 Expansions
13.1.14.3.3 Other developments
13.1.15 ESS TECH, INC.
13.1.15.1 Business overview
13.1.15.2 Products/Solutions/Services offered
13.1.15.3 Recent developments
13.1.15.3.1 Product launches
13.1.15.3.2 Deals
13.1.15.3.3 Expansions
13.1.15.3.4 Other developments
13.1.15.4 MnM view
13.1.15.4.1 Key strengths/Right to win
13.1.15.4.2 Strategic choices
13.1.15.4.3 Weaknesses/Competitive threats
13.1.16 EOS ENERGY ENTERPRISES
13.1.16.1 Business overview
13.1.16.2 Products/Solutions/Services offered
13.1.16.3 Recent developments
13.1.16.3.1 Deals
13.1.16.3.2 Other developments
13.2 OTHER PLAYERS
13.2.1 1414 DEGREES AUSTRALIA
13.2.2 GKN HYDROGEN
13.2.3 ALSYM ENERGY INC.
13.2.4 AMBRI INCORPORATED
13.2.5 VFLOWTECH PTE LTD.
13.2.6 VOLTSTORAGE
13.2.7 MGA THERMAL PTY LTD
13.2.8 RONDO ENERGY, INC.
13.2.9 LINA ENERGY LTD.
13.2.10 E-ZINC INC.
13.2.11 RYE DEVELOPMENT, LLC
13.2.12 HYDROSTOR
13.2.13 ENERGY DOME S.P.A.
13.2.14 ARKLE ENERGY SOLUTIONS
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
