Advanced Energy Storage Systems Industry: Global Market Size, Growth, Trends and 2025 Forecast Reportpmrplanetmarket | March 22, 2019 | 0 | Industrial
Global Advanced Energy Storage Systems Market to reach USD 9.85 billion by 2025.
Global Advanced Energy Storage Systems Market industry valued approximately USD 3.43 billion in 2016 is anticipated to grow with a healthy growth rate of more than 12.45% over the forecast period 2017-2025. The major factor fueling the growth is the growing needs of utility-scale power generation, especially at peak hours. The advanced energy storage systems significantly decrease the need for utility-scale power generation plants thereby decreases the fixed cost.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
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Some of the key manufacturers involved in the market are Alevo, LG Chem, AES Energy Storage, Maxwell Technologies Inc., Samsung SDI Co. Ltd., Kokam, Duke Energy and General Electronic. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research and development.
Target Audience of the Advanced Energy Storage Systems Market Study
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers VARs Third-party knowledge providers
Please note that owing to the criticality of the Advanced Energy Storage Systems Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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Name: Jennifer Daniel
Organization: Planet Market Reports