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Energy Storage Systems Market Size, Share & Trends Analysis Report By Technology (Electrochemical, Electromechanical, Thermal, Pumped Hydro Storage), By Region, And Segment Forecasts, 2019 - 2026

Published: Feb, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global energy storage systems market demand is expected to reach a total capacity of 210,803 MW By 2026, according to a new report by Grand View Research, Inc. Growing demand for efficient and competitive energy resources over the last decade has primarily driven the market. It is estimated to register a CAGR of 2.3% from 2018 to 2026.

Rising consumer awareness regarding efficient energy consumption coupled with demand for smart homes with effective load management is expected to play a major role in the development of energy storage system market. Ascending demand by electric utilities, on account of need for distributed energy integration with the main grid, is likely to fuel the growth over the forecast period.

Hybrid systems including start-stop systems, hybrid vehicles, and e-bikes are expected to present the strongest growth opportunity for lithium-ion battery manufacturers. Companies such as AES, GE Renewable, and Altairnano are investing huge capital in R&D of new technologies within the battery storage segment.

Pumped Hydro Storage (PHS) systems is expected to remain a dominant segment by 2026 due to ongoing investments to enhancing on-grid capacity and upgrading energy infrastructure in North America and Asia Pacific. The segment accounted for over 90% of the global energy storage systems capacity in 2017.

Further key findings from the report suggest:

• Electrochemical storage capacity is projected to be the fastest growing segment with a CAGR of 12.6% from 2018 to 2026

• North America is estimated to expand at a CAGR of 4.0% over the forecast period

• Asia Pacific energy storage systems market holds the largest share globally with a cumulative capacity expected to exceed 102 GW by 2026

• Electromechanical storage capacity in Germany was estimated to be 688.2 MW in 2017 and is projected to register a CAGR of 3.9% over the forecast period

• Some of the prominent market players include The Furukawa Battery Co.; GE; Electrovaya; Active Power; Fluence; Saft; EnSync; Maxwell Technologies, Inc.; and AltairNano.
 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Market snapshot

Chapter 3 Energy Storage Systems Market Variables, Trends, & Scope
                 3.1 Market Segmentation
                 3.2 Market Size and Growth Prospects
                 3.3 ESS - Value chain analysis
                 3.4 Raw material trends
                     3.4.1 Steel
                     3.4.2 Carbon fiber
                 3.5 Regulatory scenario
                 3.6 ESS market dynamics
                     3.6.1 Market Driver Analysis
                         3.6.1.1 growing demand for efficient and competitive energy resources
                         3.6.1.2 Increasing development of variable energy sources
                         3.6.1.3 Rising battery demand
                     3.6.2 Market restraint Analysis
                         3.6.2.1 Lack of long-term energy storage
                 3.7 ESS - Porter's analysis
                 3.8 ESS - PESTEL analysis

Chapter 4 Energy Storage Market: Technology Estimates & Trend Analysis
                 4.1 Energy storage market: Technology movement analysis, 2017 & 2026
                 4.2 Pumped Hydro
                     4.2.1 Pumped Hydro Storage market estimates and forecasts, 2014 - 2025 (MW)
                 4.3 Electrochemical Storage
                     4.3.1 Electrochemical Storage market estimates and forecasts, 2014 - 2025 (MW)
                 4.4 Electromechanical Storage
                     4.4.1 Electromechanical Storage market estimates and forecasts, 2014 - 2025 (MW)
                 4.5 Thermal Storage
                     4.5.1 Thermal Storage market estimates and forecasts, 2014 - 2025 (MW)

Chapter 5 Energy Storage Market: Regional Estimates & Trend Analysis
                 5.1 Regional Movement Analysis & Market Share, 2017 & 2026
                 5.2 North America
                     5.2.1 North america Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                     5.2.2 North America Energy storage Capacity estimates and forecasts, by Technology (MW)
                     5.2.3 U.S.
                         5.2.3.1 U.s. Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.2.3.2 U.S. Energy storage capacity estimates and forecasts, by Technology (MW)
                     5.2.4 Canada
                         5.2.4.1 Canada Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.2.4.2 Canada Energy storage capacity estimates and forecasts, by Technology (MW)
                 5.3 Europe
                     5.3.1 Europe Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                     5.3.2 Europe Energy storage Capacity estimates and forecasts, by Technology (MW)
                     5.3.3 France
                         5.3.3.1 France Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.3.3.2 France Energy storage capacity estimates and forecasts, by Technology (MW)
                     5.3.4 Germany
                         5.3.4.1 Germany Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.3.4.2 Germany Energy storage capacity estimates and forecasts, by Technology (MW)
                     5.3.5 U.K.
                         5.3.5.1 U.K. Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.3.5.2 U.K. Energy storage capacity estimates and forecasts, by Technology (MW)
                 5.4 Asia Pacific
                     5.4.1 Asia Pacific Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                     5.4.2 Asia Pacific Energy storage Capacity estimates and forecasts, by Technology (MW)
                     5.4.3 China
                         5.4.3.1 China Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.4.3.2 China Energy storage capacity estimates and forecasts, by Technology (MW)
                     5.4.4 India
                         5.4.4.1 India Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.4.4.2 India Energy storage capacity estimates and forecasts, by Technology (MW)
                     5.4.5 Japan
                         5.4.5.1 Japan Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.4.5.2 Japan Energy storage capacity estimates and forecasts, by Technology (MW)
                 5.5 Central & South America (CSA)
                     5.5.1 CSA Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                     5.5.2 CSA Energy storage Capacity estimates and forecasts, by Technology (MW)
                     5.5.3 Argentina
                         5.5.3.1 Argentina Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.5.3.2 Argentina Energy storage capacity estimates and forecasts, by Technology (MW)
                 5.6 Middle East & Africa (MEA)
                     5.6.1 MEA Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                     5.6.2 MEA Energy storage Capacity estimates and forecasts, by Technology (MW)
                     5.6.3 South Africa
                         5.6.3.1 South Africa Energy storage market estimates and forecasts, 2014 - 2026 (MW)
                         5.6.3.2 South Africa Energy storage capacity estimates and forecasts, by Technology (MW)

Chapter 6 Competitive & TIC Vendor Landscape
                 6.1 Vendor Landscape
                 6.2 Competitive environment
                 6.3 Strategic framework
                     6.3.1 Product Strategy
                     6.3.2 Operational Strategy
                     6.3.3 Expansion Strategy
                 6.4 Vendor Landscape (Testing, Inspection, and Certification companies)

Chapter 7 Company Profiles
                 7.1 General Electric
                     7.1.1 Company Overview
                     7.1.2 Financial Performance
                     7.1.3 Product benchmarking
                     7.1.4 Strategic Initiatives
                 7.2 LG Chem
                     7.2.1 Company Overview
                     7.2.2 Financial Performance
                     7.2.3 Product benchmarking
                 7.3 EnSync, Inc.
                     7.3.1 Company Overview
                     7.3.2 Financial Performance
                     7.3.3 Product benchmarking
                 7.4 Active Power
                     7.4.1 Company Overview
                     7.4.2 Product Benchmarking
                     7.4.3 Strategic Initiatives
                 7.5 Altairnano
                     7.5.1 Company Overview
                     7.5.2 Product Benchmarking
                 7.6 Electrovaya
                     7.6.1 Company Overview
                     7.6.2 Product Benchmarking
                 7.7 Hitachi Chemical Co., Ltd.
                     7.7.1 Company Overview
                     7.7.2 Financial Performance
                     7.7.3 Product Benchmarking
                 7.8 NEC Energy Solutions
                     7.8.1 Company Overview
                     7.8.2 Product benchmarking
                     7.8.3 Strategic Initiatives
                 7.9 Maxwell Technologies, Inc.
                     7.9.1 Company Overview
                     7.9.2 Financial Performance
                     7.9.3 Product benchmarking
                     7.9.4 Strategic Initiatives
                 7.10 Saft
                     7.10.1 Company Overview
                     7.10.2 Product Benchmarking
                     7.10.3 Strategic Initiatives
                 7.11 THE FURUKAWA BATTERY CO., LTD.
                     7.11.1 Company Overview
                     7.11.2 Financial Performance
                     7.11.3 Product Benchmarking
                 7.12 Ecoult
                     7.12.1 Company Overview
                     7.12.2 Product Benchmarking
                     7.12.3 Strategic Initiatives
                 7.13 Kokam
                     7.13.1 Company Overview
                     7.13.2 Product Benchmarking
                     7.13.3 Strategic Initiatives
                 7.14 Fluence
                     7.14.1 Company Overview
                     7.14.2 Product Benchmarking
                 7.15 Samsung SDI Co., Ltd.
                     7.15.1 Company Overview
                     7.15.2 Financial Performance
                     7.15.3 Product Benchmarking
                     7.15.4 Strategic Initiatives

Chapter 8 Testing and Certification Company Profiles
                 8.1 Bureau Veritas
                     8.1.1 Company Overview
                     8.1.2 Strategic Initiatives
                 8.2 CSA Group
                     8.2.1 Company Overview
                 8.3 TUV RHEINLAND
                     8.3.1 Company Overview
                     8.3.2 Strategic Initiatives
                 8.4 Intertek Group plc
                     8.4.1 Company Overview
                 8.5 Entura
                     8.5.1 Company Overview
                     8.5.2 Strategic Initiatives
                 8.6 DNV GL AS
                     8.6.1 Company Overview
                 8.7 VDE Prüf- und Zertifizierungsinstitut GmbH (VDE Testing and Certification)
                     8.7.1 Company Overview
                     8.7.2 Strategic Initiatives
                 8.8 SGS SA
                     8.8.1 Company Overview
List of Tables

Table 1 Pumped hydro storage market estimates and forecast, 2014 - 2017 (MW)
Table 2 Pumped hydro storage market estimates and forecast, 2018 - 2026 (MW)
Table 3 Electrochemical storage market estimates and forecast, 2014 - 2026 (MW)
Table 4 Electromechanical storage market estimates and forecast, 2014 - 2026 (MW)
Table 5 Thermal storage market estimates and forecast, 2014 - 2026 (MW)
Table 6 North America energy storage market, 2014 - 2017 (MW)
Table 7 North America energy storage market, 2018 - 2026 (MW)
Table 8 North America energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 9 North America energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 10 U.S. energy storage market, 2014 - 2017 (MW)
Table 11 U.S. energy storage market, 2018 - 2026 (MW)
Table 12 U.S. energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 13 U.S. energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 14 Canada energy storage market, 2014 - 2026 (MW)
Table 15 Canada energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 16 Europe energy storage market, 2014 - 2017 (MW)
Table 17 Europe energy storage market, 2018 - 2026 (MW)
Table 18 Europe energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 19 Europe energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 20 France energy storage market, 2014 - 2026 (MW)
Table 21 France energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 22 France energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 23 Germany energy storage market, 2014 - 2026 (MW)
Table 24 Germany energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 25 Germany energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 26 U.K. energy storage market, 2014 - 2026 (MW)
Table 27 U.K. energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 28 Asia Pacific energy storage market, 2014 - 2017 (MW)
Table 29 Asia Pacific energy storage market, 2018 - 2026 (MW)
Table 30 Asia Pacific energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 31 Asia Pacific energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 32 China energy storage market, 2014 - 2017 (MW)
Table 33 China energy storage market, 2018 - 2026 (MW)
Table 34 China energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 35 China energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 36 India energy storage market, 2014 - 2026 (MW)
Table 37 India energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 38 India energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 39 Japan energy storage market, 2014 - 2017 (MW)
Table 40 Japan energy storage market, 2018 - 2026 (MW)
Table 41 Japan energy storage capacity estimates and forecast, by technology, 2014 - 2017 (MW)
Table 42 Japan energy storage capacity estimates and forecast, by technology, 2018 - 2026 (MW)
Table 43 CSA energy storage market, 2014 - 2026 (MW)
Table 44 CSA energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 45 Argentina energy storage market, 2014 - 2026 (MW)
Table 46 Argentina energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 47 MEA energy storage market, 2014 - 2026 (MW)
Table 48 MEA energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 49 MEA energy storage capacity estimates and forecast, by technology, 2014 - 2026 (MW)
Table 50 South Africa energy storage market, 2014 - 2026 (MW) 


List of Figures

Fig. 1 Market snapshot
Fig. 2 Market Segmentation
Fig. 3 Market Size and Growth Prospects
Fig. 4 ESS - Value chain analysis
Fig. 5 Crude steel production trend, 2015 to 2017 (Million Tons)
Fig. 6 Carbon fiber demand, 2010 to 2017 (Kilo Tons)
Fig. 7 ESS - Market dynamics
Fig. 8 Market driver analysis
Fig. 9 Market restraint analysis
Fig. 10 ESS - Porter's analysis
Fig. 11 ESS - PESTEL analysis
Fig. 12 Energy storage market: Technology movement analysis, 2017 & 2026 (MW, %)
Fig. 13 Energy storage regional market: Key takeaways
Fig. 14 Energy storage market: Regional movement analysis, 2017 & 2026 (GW, %)
Fig. 15 Strategy Framework

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