Market Overview, Growth Analysis, Share, Opportunities, Sales, Trends, Supply, Forecast to 2025

pmrplanetmarket | March 22, 2019 | 0 | Energy and Power

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Global Energy Storage Systems Market valued approximately USD 174 million in 2016 is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2017-2025. Key factors that drive the market growth of energy storage systems are growing adoption in transportation and software integration for management of energy storage systems and growth in renewable energy adoption. However technical challenges and high cost are restraining the market growth.
Energy Storage System is equipment, which conveniently and efficiently store various forms of energy which can be utilized as per the requirement, example lithium ion batteries. These are undergoing for constant technological development which overcome the traditional barriers for continuous supply of energy. Furthermore, rising focus on production of renewable is due to growing energy consumption across the globe.

More Information about this Report @ https://www.planetmarketreports.com/reports/global-energy-storage-systems-market-7698

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Pumped Hydro Storage
Compressed Air Energy Storage CAES
Sodium Sulfuric
Lithium Ion
Lead Acid
Nickel Cadmium
Flywheel
Redox-Flow

By Application:

Grid Storage
Transportation

By By End-Use:

Residential
Non-Residential
Utility
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are LG Chem., ABB Ltd.
AES Energy Storage, LLC, Beacon Power., LLC, BYD Company Limited, Covergent Energy & Power Inc., Greensmith Energy & Power Inc., EOS Energy Storage, Seeo, Inc., and S&C Electric Company. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Energy Storage Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors

Get a Free Sample Copy of this Report@ https://www.planetmarketreports.com/reports-sample/global-energy-storage-systems-market-7698

About US:

Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe.  We offer premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact US:- 

Name: Jennifer Daniel 

Email-Id: sales@planetmarketreports.com

US: +1-716-2260907

UK: +447441952057

Organization: Planet Market Reports

 

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