The global advanced energy storage market is likely to derive growth from the increasing number of solar farms. According to a report published by Fortune Business Insights, titled “Advanced energy storage: Global Market Analysis, Insights, and Forecast, 2018-2027,” the market was valued at USD 144.9 Bn. Fortune Business Insights states that the market will reach USD 211.2 Bn by 2027, thereby exhibiting a CAGR of 4.82%.
- Samsung SDI
- LG Chem
- Fluence Energy
- General Electric
- Primus Power
- Saft Batteries
- Lockheed Martin Energy
- Eos Energy Storage
- Con Edison Solutions
- Duke Energy
1. By Technology
- Solid State Battery
- Flow Battery
- Thermal Energy Storage
- Pumped Hydro Storage
2. By Application
3. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (China, South Korea, Australia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
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Table Of Content
5. Global Advanced Energy Storage System Market Analysis (MW & USD Mn), Insights and Forecast, 2015-2027
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Technology
5.2.1. Solid State Battery
5.2.2. Flow Battery
5.2.3. Thermal Energy Storage
5.2.4. Pumped Hydro Storage
5.3. Market Analysis, Insights and Forecast – By Application
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Latin America
5.4.4. Asia Pacific
5.4.5. Middle East & Africa
6. North America Advanced Energy Storage System Market Analysis (MW & USD Mn), Insights and Forecast, 2015-2027
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Technology
6.2.1. Solid State Battery
6.2.2. Flow Battery
6.2.3. Thermal Energy Storage
6.2.4. Pumped Hydro Storage
6.3. Market Analysis, Insights and Forecast – By Application
6.4. Market Analysis, Insights and Forecast – By Country
7. Latin America Advanced Energy Storage System Market Analysis (MW & USD Mn), Insights and Forecast, 2015-2027
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Technology
7.2.1. Solid State Battery
7.2.2. Flow Battery
7.2.3. Thermal Energy Storage
7.2.4. Pumped Hydro Storage
7.3. Market Analysis, Insights and Forecast – By Application
7.4. Market Analysis, Insights and Forecast – By Country
7.4.3. Rest of Latin America
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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