Global Advanced Energy Storage Industry

October 2022
299 pages
ID: 2772345
Format: PDF
Global Industry Analysts

Summary

Table of Contents

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What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Global Advanced Energy Storage Market to Reach 16.3 Thousand Megawatts by 2027

Amid the COVID-19 crisis, the global market for Advanced Energy Storage estimated at 10.4 Thousand Megawatts in the year 2020, is projected to reach a revised size of 16.3 Thousand Megawatts by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Thermal Energy Storage, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach 8.1 Thousand Megawatts by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrochemical Energy Storage segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at 3.1 Thousand Megawatts, While China is Forecast to Grow at 6.2% CAGR

The Advanced Energy Storage market in the U.S. is estimated at 3.1 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 2.8 Thousand Megawatts by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Other Technologies Segment to Record 5.5% CAGR

In the global Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 1.7 Thousand Megawatts in the year 2020 will reach a projected size of 2.5 Thousand Megawatts by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.9 Thousand Megawatts by the year 2027.

Select Competitors (Total 94 Featured) -
ABB Ltd.
Active Power, Inc.
AES Energy Storage, LLC
Alevo Group S.A.
Altair Nanotechnologies, Inc.
Amber Kinetics, Inc.
Areva
Ashlawn Energy, LLC
Axion Power International, Inc.
Beacon Power, LLC
BYD Co. Ltd.
Calnetix Technologies, LLC
Dresser-Rand Group, Inc.
ECOULT
Electrochaea GmbH
Encell Technology, Inc.
EnSync Energy Systems, Inc.
Exide Technologies
General Electric Company
Gridflex Energy, LLC
Highview Enterprises Ltd.
Hitachi, Ltd.
Hyper Tech Research, Inc.
IMS group AS
ITM Power Plc
Kokam Co., Ltd
Leclanché SA
LG Chem
LightSail Energy
Maxwell Technologies, Inc.
McPhy Energy S.A.
NEC Energy Solutions
NGK Insulators, Ltd.
Proton OnSite
Redflow Limited
Saft Groupe S.A.
Samsung SDI Co., Ltd.
Siemens AG
Temporal Power
Tesla, Inc.
Tianjin Lishen Battery Co., Ltd.
Toshiba International Corporation
ViZn Energy Systems, Inc.

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