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Gravity Energy Storage Systems Industry Research Report 2023

August 2023 | 69 pages | ID: G569A985ED15EN
APO Research

US$ 2,950.00

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A gravity battery is a type of energy storage device that stores gravitational energy, the energy stored in an object resulting from a change in height due to gravity, also called potential energy. A gravity battery works by using excess energy from the grid to raise a mass to generate gravitational potential energy, which is then dropped to convert potential energy into electricity through an electric generator. Energy generated from a gravity battery is a form of sustainable energy. One form of a gravity battery is one that lowers a mass, such as a block of concrete, to generate electricity.

Highlights

The global Gravity Energy Storage Systems market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029.

At present, Energy Vault's standard 35MWH gravity energy storage system is mainly used in this market, but in fact products of 1-80MWH can be produced. Specific specifications will appear in more varieties in the next few years with different usage requirements. The main manufacturers of Gravity energy storage systems are Energy Vault, Heindl Energy, Advanced Rail, Energy Storage and Gravitricity. These systems are very suitable for large-scale energy storage such as public utilities, especially suitable for more remote areas. According to statistics, 45% of the world's land can be built with this kind of energy storage system. And because of the use of building materials such as concrete as raw materials, it has the conditions for sustainable development and has a longer energy storage life than chemical batteries.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Gravity Energy Storage Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gravity Energy Storage Systems.

The Gravity Energy Storage Systems market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Gravity Energy Storage Systems market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Gravity Energy Storage Systems companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Energy Vault
  • Heindl Energy
  • Advanced Rail Energy Storage
  • Gravitricity
Product Type Insights

Global markets are presented by Gravity Energy Storage Systems type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the Gravity Energy Storage Systems are procured by the companies.

This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).

Gravity Energy Storage Systems segment by Type
  • Below 100 MWh
  • Above 100 MWh
Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).

This report also outlines the market trends of each segment and consumer behaviors impacting the Gravity Energy Storage Systems market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Gravity Energy Storage Systems market.

Gravity Energy Storage Systems Segment by Application
  • Utilities
  • Others
Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2018-2029.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast revenue for 2029.
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Gravity Energy Storage Systems market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Gravity Energy Storage Systems market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

This report will help stakeholders to understand the global industry status and trends of Gravity Energy Storage Systems and provides them with information on key market drivers, restraints, challenges, and opportunities.

This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

This report stays updated with novel technology integration, features, and the latest developments in the market

This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Gravity Energy Storage Systems industry.

This report helps stakeholders to gain insights into which regions to target globally

This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Gravity Energy Storage Systems.

This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Gravity Energy Storage Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

Frequently Asked Questions
  • What factors will challenge the Product Name market growth?
  • Which end-use segment will expand at the fastest CAGR in the Product Name market?
  • Which are the emerging players in the Product Name market?
  • How concentrated is the Product Name market?
  • Which factors are positively contributing to the Product Name market growth?
  • Which are the novel product innovations in the Product Name market?
  • Which product segment will emerge as the most lucrative in the Product Name market?
  • Which factors are increasing the competition in the Product Name market?
  • Which are the strategic measures taken by the Product Name industry players?
  • Which region will witness inactive growth during the forecast period?
  • What key trends are likely to emerge in the Product Name market in the coming years?
LIST OF TABLES

Table 1. Secondary Sources
Table 2. Primary Sources
Table 3. Market Value Comparison by Type (2018 VS 2022 VS 2029) & (US$ Million)
Table 4. Market Value Comparison by Application (2018 VS 2022 VS 2029) & (US$ Million)
Table 5. Global Gravity Energy Storage Systems Market Size by Type (2018-2023) & (US$ Million)
Table 6. Global Gravity Energy Storage Systems Revenue Market Share by Type (2018-2023)
Table 7. Global Gravity Energy Storage Systems Forecasted Market Size by Type (2024-2029) & (US$ Million)
Table 8. Global Gravity Energy Storage Systems Revenue Market Share by Type (2024-2029)
Table 9. Global Gravity Energy Storage Systems Market Size by Application (2018-2023) & (US$ Million)
Table 10. Global Gravity Energy Storage Systems Revenue Market Share by Application (2018-2023)
Table 11. Global Gravity Energy Storage Systems Forecasted Market Size by Application (2024-2029) & (US$ Million)
Table 12. Global Gravity Energy Storage Systems Revenue Market Share by Application (2024-2029)
Table 13. Global Gravity Energy Storage Systems Market Size by Region (US$ Million): 2018 VS 2022 VS 2029
Table 14. Global Gravity Energy Storage Systems Market Size by Region (2018-2023) & (US$ Million)
Table 15. Global Gravity Energy Storage Systems Market Share by Region (2018-2023)
Table 16. Global Gravity Energy Storage Systems Forecasted Market Size by Region (2024-2029) & (US$ Million)
Table 17. Global Gravity Energy Storage Systems Market Share by Region (2024-2029)
Table 18. Gravity Energy Storage Systems Market Trends
Table 19. Gravity Energy Storage Systems Market Drivers
Table 20. Gravity Energy Storage Systems Market Challenges
Table 21. Gravity Energy Storage Systems Market Restraints
Table 22. Global Top Gravity Energy Storage Systems Manufacturers by Revenue (US$ Million) & (2018-2023)
Table 23. Global Gravity Energy Storage Systems Revenue Market Share by Manufacturers (2018-2023)
Table 24. Global Gravity Energy Storage Systems Industry Manufacturers Ranking, 2021 VS 2022 VS 2023
Table 25. Global Key Players of Gravity Energy Storage Systems, Headquarters and Area Served
Table 26. Global Gravity Energy Storage Systems Manufacturers, Product Type & Application
Table 27. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 28. Global Gravity Energy Storage Systems by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue of 2022)
Table 29. Manufacturers Mergers & Acquisitions, Expansion Plans
Table 30. North America Gravity Energy Storage Systems Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 31. North America Gravity Energy Storage Systems Market Size by Country (2018-2023) & (US$ Million)
Table 32. North America Gravity Energy Storage Systems Market Size by Country (2024-2029) & (US$ Million)
Table 33. Europe Gravity Energy Storage Systems Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 34. Europe Gravity Energy Storage Systems Market Size by Country (2018-2023) & (US$ Million)
Table 35. Europe Gravity Energy Storage Systems Market Size by Country (2024-2029) & (US$ Million)
Table 36. Asia-Pacific Gravity Energy Storage Systems Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 37. Asia-Pacific Gravity Energy Storage Systems Market Size by Country (2018-2023) & (US$ Million)
Table 38. Asia-Pacific Gravity Energy Storage Systems Market Size by Country (2024-2029) & (US$ Million)
Table 39. Latin America Gravity Energy Storage Systems Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 40. Latin America Gravity Energy Storage Systems Market Size by Country (2018-2023) & (US$ Million)
Table 41. Latin America Gravity Energy Storage Systems Market Size by Country (2024-2029) & (US$ Million)
Table 42. Middle East & Africa Gravity Energy Storage Systems Market Growth Rate by Country: 2018 VS 2022 VS 2029 (US$ Million)
Table 43. Middle East & Africa Gravity Energy Storage Systems Market Size by Country (2018-2023) & (US$ Million)
Table 44. Middle East & Africa Gravity Energy Storage Systems Market Size by Country (2024-2029) & (US$ Million)
Table 45. Energy Vault Company Detail
Table 46. Energy Vault Business Overview
Table 47. Energy Vault Gravity Energy Storage Systems Product
Table 48. Energy Vault Revenue in Gravity Energy Storage Systems Business (2017-2022) & (US$ Million)
Table 49. Energy Vault Recent Development
Table 50. Heindl Energy Company Detail
Table 51. Heindl Energy Business Overview
Table 52. Heindl Energy Gravity Energy Storage Systems Product
Table 53. Heindl Energy Revenue in Gravity Energy Storage Systems Business (2017-2022) & (US$ Million)
Table 54. Heindl Energy Recent Development
Table 55. Advanced Rail Energy Storage Company Detail
Table 56. Advanced Rail Energy Storage Business Overview
Table 57. Advanced Rail Energy Storage Gravity Energy Storage Systems Product
Table 58. Advanced Rail Energy Storage Revenue in Gravity Energy Storage Systems Business (2017-2022) & (US$ Million)
Table 59. Advanced Rail Energy Storage Recent Development
Table 60. Gravitricity Company Detail
Table 61. Gravitricity Business Overview
Table 62. Gravitricity Gravity Energy Storage Systems Product
Table 63. Gravitricity Revenue in Gravity Energy Storage Systems Business (2017-2022) & (US$ Million)
Table 64. Gravitricity Recent Development
Table 65. Energy Vault Company Information
Table 66. Energy Vault Business Overview
Table 67. Energy Vault Gravity Energy Storage Systems Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million)
Table 68. Energy Vault Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million) Portfolio
Table 69. Energy Vault Recent Development
Table 70. Heindl Energy Company Information
Table 71. Heindl Energy Business Overview
Table 72. Heindl Energy Gravity Energy Storage Systems Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million)
Table 73. Heindl Energy Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million) Portfolio
Table 74. Heindl Energy Recent Development
Table 75. Advanced Rail Energy Storage Company Information
Table 76. Advanced Rail Energy Storage Business Overview
Table 77. Advanced Rail Energy Storage Gravity Energy Storage Systems Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million)
Table 78. Advanced Rail Energy Storage Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million) Portfolio
Table 79. Advanced Rail Energy Storage Recent Development
Table 80. Gravitricity Company Information
Table 81. Gravitricity Business Overview
Table 82. Gravitricity Gravity Energy Storage Systems Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million)
Table 83. Gravitricity Revenue in Gravity Energy Storage Systems Business (2018-2023) & (US$ Million) Portfolio
Table 84. Gravitricity Recent Development
Table 85. Authors 12. List of This Report

LIST OF FIGURES

Figure 1. Research Methodology
Figure 2. Research Process
Figure 3. Key Executives Interviewed
Figure 4. Gravity Energy Storage Systems Product Picture
Figure 5. Global Gravity Energy Storage Systems Market Size Comparison by Type (2023-2029) & (US$ Million)
Figure 6. Global Gravity Energy Storage Systems Market Share by Type: 2022 VS 2029
Figure 7. Below 100 MWh Product Picture
Figure 8. Above 100 MWh Product Picture
Figure 9. Global Gravity Energy Storage Systems Market Size by Application (2023-2029) & (US$ Million)
Figure 10. Global Gravity Energy Storage Systems Market Share by Application: 2022 VS 2029
Figure 11. Utilities Product Picture
Figure 12. Others Product Picture
Figure 13. Global Gravity Energy Storage Systems Market Size (US$ Million), Year-over-Year: 2018-2029
Figure 14. Global Gravity Energy Storage Systems Market Size, (US$ Million), 2018 VS 2022 VS 2029
Figure 15. Global Gravity Energy Storage Systems Market Share by Region: 2022 VS 2029
Figure 16. Global Gravity Energy Storage Systems Market Share by Players in 2022
Figure 17. Global Gravity Energy Storage Systems Players, Date of Enter into This Industry
Figure 18. Global Top 5 and 10 Gravity Energy Storage Systems Players Market Share by Revenue in 2022
Figure 19. Players Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022
Figure 20. North America Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 21. North America Gravity Energy Storage Systems Market Share by Country (2018-2029)
Figure 22. United States Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 23. Canada Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 24. Europe Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 25. Europe Gravity Energy Storage Systems Market Share by Country (2018-2029)
Figure 26. Germany Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 27. France Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 28. U.K. Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 29. Italy Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 30. Russia Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 31. Nordic Countries Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 32. Asia-Pacific Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 33. Asia-Pacific Gravity Energy Storage Systems Market Share by Country (2018-2029)
Figure 34. China Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 35. Japan Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 36. South Korea Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 37. Southeast Asia Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 38. India Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 39. Australia Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 40. Latin America Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 41. Latin America Gravity Energy Storage Systems Market Share by Country (2018-2029)
Figure 42. Mexico Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 43. Brazil Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 44. Middle East & Africa Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 45. Middle East & Africa Gravity Energy Storage Systems Market Share by Country (2018-2029)
Figure 46. Turkey Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 47. Saudi Arabia Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 48. UAE Gravity Energy Storage Systems Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 49. Energy Vault Revenue Growth Rate in Gravity Energy Storage Systems Business (2018-2023)
Figure 50. Heindl Energy Revenue Growth Rate in Gravity Energy Storage Systems Business (2018-2023)
Figure 51. Advanced Rail Energy Storage Revenue Growth Rate in Gravity Energy Storage Systems Business (2018-2023)
Figure 52. Gravitricity Revenue Growth Rate in Gravity Energy Storage Systems Business (2018-2023)


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