Advanced Energy Storage Systems Market, By Technology Type, By Application Type, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

The global advanced energy storage systems market was valued at US$ 18.12 Billion in 2022 and is expected to expand at a CAGR of 9.80% in terms of revenue and market value is expected to reach at US$ 38.29 billion during 2023 - 2030.

An Advanced Energy Storage (AES) system is used to efficiently manage energy resources, thereby reducing the need for utility scale power generation plants. Advanced energy storage systems help in increasing the usage of renewable energy by using renewable sources such as solar and wind energy. The proper usage of renewable sources of energy due to AES makes these renewable sources more foreseeable, thus, making it easy to integrate these sources of energy with an already existing power grid. Companies such as ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc. collaborate with each other and with independent research organizations and institutes to speed-up the research activities in order to decrease Time to Market (TTM).

Market Dynamics

Increasing adoption of electric vehicles has resulted in an increase in demand for advanced energy storage system globally. The transportation segment dominates the advanced energy system market. Rising adoption of lithium-ion batteries in electric cars has resulted in significant demand for advanced energy storage system in transportation segment. The segment accounted for 50.20% market sharein 2022.

Market Taxonomy

This report segments the global advanced energy storage systems on the basis of application, and technology. On the basis of technology, the global advanced energy storage systems market is classified into electro chemical, thermal storage, mechanical energy storage and other storage technologies. The electro chemical segment is further classified into lithium-ion batteries, lead acid batteries, sodium sulfur batteries, flow batteries and Nickel Metal Hydride (NIMH) & Nickel Cadmium Batteries (NICD). Thermal storage is further classified as Thermo Chemical Energy Storage, Latent Heat Thermal Energy Storage and Sensible Heat Thermal Energy Storage. The Mechanical Energy Storage is classified as Pumped Hydro Energy Storage, Compressed Air & Liquid Air Energy Storage and Flywheel Energy Storage. The application segment is classified as Transportation and Grid Storage.

Key features of the study:

This report provides an in-depth analysis of advanced energy systems and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global advanced energy storage systems market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global advanced energy storage system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced energy storage systems market

Detailed Segmentation

Global Advanced Energy Storage Systems Market, By Application
- Transportation
- Grid Storage
Global Advanced Energy Storage Systems Market, By Technology,
- Electro Chemical
  - Lithium-Ion Battery
  - Lead Acid Battery
  - Sodium Sulfur (NAS) Battery
  - Flow Battery
  - Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
- Thermal Storage
  - Thermo Chemical Energy Storage
  - Sensible Heat Thermal Energy Storage
  - Latent Heat Thermal Energy Storage
- Mechanical Energy Storage
  - Pumped Hydro Energy Storage
  - Flywheel Energy Storage
  - Compressed Air & Liquid Air Energy Storage
- Other Storage Technologies
Global Advanced Energy Storage Systems Market, By Geography:
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Mexico
  - Rest of Latin America
- Middle East
  - GCC
  - Israel
- Africa
  - North Africa
  - Central Africa
  - South Africa
Company Profiles
- Tesla Inc.*
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Samsung SDI Co.
- General Electric Company
- AES Group
- ABB Ltd.
- LG Chem

Product Code: CMI746

1. Research Objective and assumption

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet By Application
- Market Snippet By Technology
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Advanced Energy Storage Market, By Application, 2017 - 2030 (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
Transportation
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)
Grid Storage
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)

5. Global Advanced Energy Storage Market, By Technology, 2017 - 2030 (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
Electro Chemical
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030 , (USD Billion)

6. Global Advanced Energy Systems Market, By Regions, 2017 - 2030 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2023 and 2030(%)
- Y-O-Y Growth Analysis, For Regions, 2017 - 2030
North America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
U.S.
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Canada
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Europe
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
U.K.
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Germany
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Italy
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
France
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Russia
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Others
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
China
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
India
- Country Trends
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Japan
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
ASEAN
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Australia
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
South Korea
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Others
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Latin America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
Brazil
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Mexico
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Others
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Africa
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
Northern Africa
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Central Africa
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
South Africa
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Middle East
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
GCC Countries
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)
Israel
- Country Trends
- Market Size and Forecast, By Application, 2017 - 2030 (US$ Billion)
- Market Size and Forecast, By Technology, 2017 - 2030 (US$ Billion)

7. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Tesla Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- LG Chem Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Samsung SDI Co.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- General Electric Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- ABB Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Analyst Views

8. Section

References
Research Methodology
About us and Sales Contact

Advanced Energy Storage Systems Market, By Technology Type, By Application Type, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030