Market Overview

Global Advanced Energy Storage Systems Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 8.48% -


The "Global
Advanced Energy Storage Systems Market 2018-2022"
report has
been added to's offering.

The analysts forecast the global advanced energy storage systems market
to grow at a CAGR of 8.48% during the period 2018-2022.

Advanced energy storage technologies are used to store excess
electricity that can be utilized during blackouts, power shortages, and
peak hours of demand. This excess electricity is supplied to
end-customers when energy demand exceeds generation. Advanced energy
storage plays an important role in storing electrical energy and helps
the consumers manage their energy in real-time.

One trend in the market is increased adoption of microgrids. A microgrid
is a small-scale power grid that has its own generation and storage
resources and definable boundaries. Microgrids can operate independently
or collaboratively with other small power grids.

One driver in the market is government initiatives to promote advanced
energy storage. Electricity grids require constant adjustments to the
supply for predictable changes in demand as well as unexpected changes
due to equipment overloads or force majeure activities. These factors
make it compulsory for energy storage systems to create a balanced and
reliable grid system.

The report states that one challenge in the market is widening lithium
demand-supply gap. Until recent days, Li-ion batteries were primarily
used for their applications in portable electronics. From the past few
years, Li-ion batteries are rapidly being used as advanced energy
storage systems. Li-ion batteries constitute around two-thirds of the
total electrochemical energy storage.

Companies Mentioned

  • BYD
  • Fluence
  • Kokam
  • NEC
  • Toshiba

Key Topics Covered:

01. Executive Summary

02. Scope Of The Report

03. Research Methodology

04. Market Landscape

05. Market Sizing

06. Five Force Analysis

07. Market Segmentation By Technology

08. Customer Landscape

09. Regional Landscape

10. Decision Framework

11. Drivers And Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

15. Appendix

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