Energy Storage Market - Forecasts from 2019 to 2024

September 2019 | 107 pages | ID: E01FDE3E0989EN
Knowledge Sourcing Intelligence LLP

Abstracts

The energy storage market is projected to grow at a CAGR of 11.69% during the forecast period, reaching a total market size of US$39.859 billion in 2024 from US$20.535 billion in 2018. Energy storage, also referred to as electricity storage, means the storage of energy. Energy storage works by capturing energy from renewable and non-renewable sources and discharging it when necessary. This gives the user greater flexibility in the use of electricity and control in its storage. The storage helps in overcoming the traditional barriers related to the continuous supply of energy, helping in self-sufficiency, and maintaining the equilibrium between the supply and demand of electricity. The storage of energy is becoming increasingly popular. This could be due to the rising demand for renewable energy, scarcity of fossil fuels and the pollution caused by its use, and various supportive government policies. These factors along with others such as increasing global power consumption, heavy public-private investment, improving energy storage economics, rapid industrialization in the developing countries, increased usage of energy storage systems in transportation, and various energy storage schemes(ESS). However, high installation costs of storage systems along with the high capital cost for deployment of energy storage technologies could be a concern for the market.

The Energy Storage Market – Forecasts from 2019 to 2024 is an exhaustive study of this market that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, end-user, and geography.

The energy storage market has been segmented based on technology, application, end-user, and geography. Based on technology the market has been segmented into thermal storage, batteries, pumped-storage hydropower, compressed air energy storage, and flywheels. By application, the market has been classified into grid-storage and transportation. By end-user, the market is classified as residential, commercial and industrial.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers/service providers.

Major players in the energy storage market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the energy storage market.

Segmentation:

• By Technology
• Thermal Storage
• Batteries
• Pumped-storage Hydropower
• Compressed air energy storage
• Flywheels
• By Application
• Grid-Storage
• Transportation
• By End-User
• Residential
• Commercial
• Industrial
• By Geography
• North America
• USA
• Mexico
• Canada
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Israel
• Saudi Arabia
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. ENERGY STORAGE MARKET BY TECHNOLOGY

5.1. Thermal Storage
5.2. Batteries
5.3. Pumped-storage Hydropower
5.4. Compressed air energy storage
5.5. Flywheels

6. ENERGY STORAGE MARKET BY APPLICATION

6.1. Grid-storage
6.2. Transportation

7. ENERGY STORAGE MARKET BY END-USER

7.1. Residential
7.2. Commercial
7.3. Industrial

8. ENERGY STORAGE MARKET BY GEOGRAPHY

8.1. North America
  8.1.1. USA
  8.1.2. Canada
  8.1.3. Mexico
8.2. South America
  8.2.1. Brazil
  8.2.2. Argentina
  8.2.3. Others
8.3. Europe
  8.3.1. Germany
  8.3.2. France
  8.3.3. United Kingdom
  8.3.4. Spain
  8.3.5. Others
8.4. Middle East and Africa
  8.4.1. Israel
  8.4.2. Saudi Arabia
  8.4.3. Others
8.5. Asia Pacific
  8.5.1. China
  8.5.2. Japan
  8.5.3. South Korea
  8.5.4. India
  8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Market Positioning Matrix and Ranking
9.2. Strategies of Key Players
9.3. Recent Investments and Deals

10. COMPANY PROFILES

10.1. LG Chem
10.2. ABB Ltd.
10.3. AES Co. Ltd.
10.4. BYD Co. Ltd.
10.5. Toshiba International Corporation
10.6. Convergent Energy + Power
10.7. Eos Energy Storage
10.8. GS Yuasa International Ltd.
10.9. Johnson Controls International PLC
10.10. Contemporary Amperex Technology Co. Ltd.