Synopsis of Advanced Energy Storage Systems Market:
The Advanced Energy Storage Systems Market has been segmented as follows:
- On the basis of Application as power, automotive, and others
- On the basis of Technology, the market has been segmented as batteries, flywheels, compressed air storage, thermal, pumped hydro-power and others.
Advanced Energy Storage Systems Market Key Players:
Some of the key players in the advanced energy storage market are
- Yuasa Corporation (Japan),
- Samsung SDI Co. Ltd. (South Korea),
- Hitachi Limited (Japan),
- Toshiba Corporation (Japan),
- ABB Limited (Switzerland),
- Siemens A.G. (Germany), Alstom (France),
- Exide Technologies (U.S.),
- L.G. Chem. Limited (South Korea),
- Alevo Group S.A. (U.S.) ,
- Maxwell Technologies Inc. (U.S.)
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Increasing popularity of electric vehicle is one of the key factors pushing the advanced energy storage system market. Renewable energy sources are becoming more and more popular with the decline in the renewable energy sources, increasing energy arbitrage opportunities and increasing renewable energy installations are other factors that are contributing to the growth of the advanced energy storage market.
Asia-Pacific market is expected to dominate the advanced energy storage market with major manufacturing and infrastructural activities being undertaken in this region. Major growth in the electric vehicles market in this region is another factor which is contributing to the growth of the Advanced Energy Storage system market.
The reports also covers brief analysis of Geographical Region includes:
- Rest of Americas
Europe, Middle East & Africa (EMEA)
- South Africa
- Saudi Arabia
- Rest Of EMEA
- Rest of Asia Pacific
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