Below are some of the key findings from this advanced energy storage systems market analysis report

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Global advanced energy storage systems industry overview

The government initiatives to promote advanced energy storage is the main driving factor for the growth of the advanced energy storage systems market. The need for switching to more efficient, reliable, and less polluting energy sources has grown to achieve a cleaner economy. As the cost of adoption of renewable resources is high, several countries are offering purchase incentives and subsidies to ease the adoption of renewable sources of energy. Also, electricity grids require constant adjustments to the supply for predictable changes due to equipment overloads or force majeure activities. These factors make it compulsory for energy storage systems to create a balanced and reliable grid system. Thus, the government initiatives to promote advanced energy storage is driving the market growth at a CAGR of more than 8% during the forecast period.

Top advanced energy storage systems companies covered in this report

The global advanced energy storage systems market is moderately concentrated. The market is in the initial stage of growth, and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this advanced energy storage systems market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• BYD
• Fluence
• Kokam
• NEC
• SAMSUNG SDI
• Toshiba

Advanced energy storage systems market segmentation based on technology

• Thermal energy storage
• Electrochemical energy storage
• Others

Thermal energy storage was the dominating technology of the global advanced energy storage systems market in 2017. The market share of this segment will continue to dominate the market throughout the next five years.

Advanced energy storage systems market segmentation based on region

• The Americas
• APAC
• EMEA

EMEA accounted for the largest advanced energy storage systems market share in 2017. This region will remain the market leader for the next five years.

Key highlights of the global advanced energy storage systems market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the advanced energy storage systems market during the next five years
• Precise estimation of the global advanced energy storage systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the advanced energy storage systems industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of advanced energy storage systems companies

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