Advanced Energy Storage Systems Market by Technology - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Energy / 125 Pages

Description

Industry Outlook and Trend Analysis

The global Advanced Energy Storage Systems market was worth USD 1.51 billion in the year of 2012 and is expected to reach approximately USD 3.42 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 7.63% during the forecast period. Rising power utilization on everyday basis combined with expanding vitality supply-demand void has brought about the high requirement for storage limit increments. The measure of electricity produced is settled over a period wherein the request continues to fluctuate. Management of energy, to meet network demands for utility-scale measured tasks at peak circumstances, is the need of the day and therefore is relied upon to boost advanced energy storage systems market. Expanding R&D associated with rising number of substitute energy sources is relied upon to bring about a discontinuous requirement for advanced energy storage in this manner enlarging storage systems market over the conjecture time frame. Advanced energy storage systems have a tendency to successfully deal with the stream of energy resources in hence decreasing the quantity of energy plants which is required to be a key driving variable for market development. High costs of energy have brought about switching inclinations to advanced storage systems among customers enabling them to manage electricity on real time basis by making the use of Load shifting Technique. Increasing issues regarding the emissions of GHG and CO2 can be managed by advanced energy storage hence bringing about enlarged requirement. Moreover, different factors including the utility transmission, arrangement of backup power for critical loads, and constraints in distribution and empowering productive deployment of charging stations for electric vehicles are relied upon to boost the market demand. Advanced energy storage innovations can be categorized as mechanical, chemical, electrochemical, biological, electrical, thermal systems. Chemical systems comprise hydrogen, power to gas, biofuels, vanadium pentoxide, hydrated salts and liquid nitrogen. Electrochemical systems comprise flow and battery that is rechargeable, wherein, biological comprise glycogen and starch. Mechanical systems contain locomotive, hydraulic accumulator, hydroelectric energy storage, Compressed Air Energy Storage (CAES) and fireless. Electrical systems include Superconducting Magnetic Energy Storage (SMES) and super capacitors. Thermal technology comprises steam accumulator, solar pond, seasonal thermal energy storage, thermal energy storage, ice storage and molten salt. The lack of commercial practicality of advanced energy storage systems for distributed energy generation is relied upon to challenge market development in the following years.



Technology Outlook and Trend Analysis

On the basis of capacity thermal energy storage technology was the biggest that represented 40 percent of the total market due to high efficiency and capturing and storing of energy for utilization after a specific period. The surplus energy created solar thermal power plants amid the day is stocked as pumped warm, fluid air or hydrogen and is utilized later around evening time to drive a turbine that produces power. Flow and rechargeable batteries are in their early stages with a few advancements by market members concentrating on expanding scope of application. Redox, ICB, VRB, ZNBR are flow batteries, while LI-ION, NI-CD and NAS are solid state batteries. The requirement for batteries is anticipated to encounter a huge increment attributable to simple charging properties combined with re-stimulation of the electrolyte fluid bringing about low wastage. Flywheel technology is anticipated to encounter substantial development owing to quality enhancement, constant supply of power to the grid coupled with quick response and frequency regulation concerning electricity.

Regional Outlook and Trend Analysis

With the advent of sustainable power source including solar PV and twist in high development markets of United States, Germany, Japan and Italy, requirement for advanced energy storage systems is anticipated to essentially ascend over the conjecture time frame. North America and Europe held a large share of the market inferable from more significant installed capacities. Owing to rising demand of energy Asia Pacific is anticipated to witness significant demand. The advanced energy market in the United States registered for more than 15 percent USD 1.3 trillion global markets which is a major reason for high demand of energy storage from North America.

Competitive Insights

The Global advanced energy storage systems market is exceptionally divided attributable to the existence of various members that provide various storage advancements. The market is portrayed by ceaseless R&D by major players that include Altairnano, AES Energy Storage, LG Chem, Alevo and General Electric. Altairnano created Li-Ti batteries with the aim to alleviate issues associated with frequency regulation. Additionally, joint endeavors and assentions are an essential part of the overall market with significant organizations teaming up to create application scope.

The global advanced energy storage systems market is segmented as follows

By Technology:


Battery technology
Compressed air technology
Flywheel technology
Thermal technology
Molten salt technology


By Region:


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2012 and forecast from 2013 to 2022`
What will be the industry market growth from 2012 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising demand of advanced energy
3.2.1.2. Growing Renewable Energy Investments
3.2.1.3. Electrification of Automobile and Transport sector
3.2.2. Restraints
3.2.2.1. High Capital Spending
3.2.3. Opportunities
3.2.3.1. Rising Opportunity for Residential and Commercial Applications
4. Advanced Energy Storage Systems Market, By Technology
4.1. Introduction
4.2. Advanced Energy Storage Systems Market Assessment and Forecast, By Technology, 2012-2022
4.3. Battery technology
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Compressed air technology
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Flywheel technology
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. Thermal technology
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. Molten salt technology
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Advanced Energy Storage Systems Market, By Region
5.1. Introduction
5.2. Advanced Energy Storage Systems Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.3. North America
5.3.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
5.3.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.3.2.1. U.S.
5.3.2.1.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.3.2.2. Canada
5.3.2.2.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.3.2.3. Mexico
5.3.2.3.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4. Europe
5.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
5.4.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.1. Germany
5.4.2.1.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.2. France
5.4.2.2.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.3. UK
5.4.2.3.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.4. Italy
5.4.2.4.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.5. Spain
5.4.2.5.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.4.2.6. Rest of Europe
5.4.2.6.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5. Asia-Pacific
5.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
5.5.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.1. Japan
5.5.2.1.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.2. China
5.5.2.2.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.3. Australia
5.5.2.3.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.4. India
5.5.2.4.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.5. South Korea
5.5.2.5.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.5.2.6. Rest of Asia-Pacific
5.5.2.6.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6. Rest of the World
5.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
5.6.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.1. Brazil
5.6.2.1.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.2. Turkey
5.6.2.2.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.3. Saudi Arabia
5.6.2.3.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.4. South Africa
5.6.2.4.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.5. United Arab Emirates
5.6.2.5.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
5.6.2.6. Others
5.6.2.6.1. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)
6. Company Profiles
6.1. The AES Corporation
6.1.1. Business Overview
6.1.2. Product Portfolio
6.1.3. Key Financials
6.1.4. Strategic Developments
6.2. Hitachi Consulting Corporation
6.2.1. Business Overview
6.2.2. Product Portfolio
6.2.3. Key Financials
6.2.4. Strategic Developments
6.3. Alevo Group S.A.
6.3.1. Business Overview
6.3.2. Product Portfolio
6.3.3. Strategic Developments
6.4. EnSync Energy Systems
6.4.1. Business Overview
6.4.2. Product Portfolio
6.4.3. Key Financials
6.4.4. Strategic Developments
6.5. EXIDE INDUSTRIES LTD
6.5.1. Business Overview
6.5.2. Product Portfolio
6.5.3. Key Financials
6.5.4. Strategic Developments
6.6. Maxwell Technologies Inc.
6.6.1. Business Overview
6.6.2. Product Portfolio
6.6.3. Key Financials
6.6.4. Strategic Developments
6.7. LG Chem Ltd.
6.7.1. Business Overview
6.7.2. Product Portfolio
6.7.3. Key Financials
6.7.4. Strategic Developments
6.8. Saft Groupe S.A.
6.8.1. Business Overview
6.8.2. Product Portfolio
6.8.3. Strategic Developments
6.9. Nippon Chemi-Con Corporation
6.9.1. Business Overview
6.9.2. Product Portfolio
6.9.3. Key Financials
6.9.4. Strategic Developments
6.10. Aquion Energy
6.10.1. Business Overview
6.10.2. Product Portfolio
6.10.3. Strategic Developments
6.11. Altair Nanotechnologies Inc.
6.11.1. Business Overview
6.11.2. Product Portfolio
6.11.3. Strategic Developments
6.12. Active Power Inc. (acquired by Langley Holdings PLC)
6.12.1. Business Overview
6.12.2. Product Portfolio
6.12.3. Key Financials
6.12.4. Strategic Developments
6.13. Enersys
6.13.1. Business Overview
6.13.2. Product Portfolio
6.13.3. Key Financials
6.13.4. Strategic Developments
6.14. Toshiba America Energy Systems
6.14.1. Business Overview
6.14.2. Product Portfolio
6.14.3. Key Financials
6.14.4. Strategic Developments
6.15. Greensmith Energy Management Systems
6.15.1. Business Overview
6.15.2. Product Portfolio
6.15.3. Strategic Developments
6.16. Energizer Holdings, Inc.
6.16.1. Business Overview
6.16.2. Product Portfolio
6.16.3. Key Financials

6.16.4. Strategic Developments


Table of Figures

Table 1.Advanced Energy Storage Systems Market, By Technology ($Million), 2012-2022
Table 2.Battery technology Market, By Region ($Million), 2012-2022
Table 3.Compressed air technology Market, By Region ($Million), 2012-2022
Table 4.Flywheel technology Market, By Region ($Million), 2012-2022
Table 5.Thermal technology Market, By Region ($Million), 2012-2022
Table 6.Molten salt technology Market, By Region ($Million), 2012-2022
Table 7.North America Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 8.North America Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 9.U.S. Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 10.Canada Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 11.Mexico Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 12.Europe Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 13.Europe Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 14.Germany Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 15.France Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 16.UK Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 17.Italy Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 18.Spain Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 20.Rest of Europe Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 21.Asia-Pacific Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 22.Asia-Pacific Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 23.Japan Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 24.China Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 25.Australia Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 26.India Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 27.South Korea Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 29.Rest of Asia-Pacific Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 30.Rest of the World Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 31.Rest of the World Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 32.Brazil Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 33.Turkey Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 34.Saudi Arabia Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 35.South Africa Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 36.United Arab Emirates Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 37.Others Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 38.The AES Corporation: Key Strategic Developments, 2015-2017
Table 39.Hitachi Consulting Corporation: Key Strategic Developments, 2015-2017
Table 40.Alevo Group S.A.: Key Strategic Developments, 2015-2017
Table 41.EnSync Energy Systems: Key Strategic Developments, 2015-2017
Table 42.EXIDE INDUSTRIES LTD: Key Strategic Developments, 2015-2017
Table 43.Maxwell Technologies Inc.: Key Strategic Developments, 2015-2017
Table 44.LG Chem Ltd.: Key Strategic Developments, 2015-2017
Table 45.Saft Groupe S.A.: Key Strategic Developments, 2015-2017
Table 46.Nippon Chemi-Con Corporation: Key Strategic Developments, 2015-2017
Table 47.Aquion Energy: Key Strategic Developments, 2015-2017
Table 48.Altair Nanotechnologies Inc.: Key Strategic Developments, 2015-2017
Table 49.Active Power Inc.: Key Strategic Developments, 2015-2017
Table 50.Enersys: Key Strategic Developments, 2015-2017
Table 51.Toshiba America Energy Systems: Key Strategic Developments, 2015-2017
Table 52.Greensmith Energy Management Systems: Key Strategic Developments, 2015-2017
Table 53.Energizer Holdings, Inc.: Key Strategic Developments, 2015-2017

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