According to a new report published by Reports Monitor titled, “Advanced Energy Storage Systems Market by technology and by Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Advanced energy storage systems market is projected to grow rapidly from 2017 to 2025. Asia-Pacific dominates the advanced energy storage systems market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Advanced energy storage systems helps to store electricity for time being and can be used at a time of need in future.
Energy storage system is a vital part of the electricity management due to repeatedly changing demand of the electricity.
Development of renewable energy sources and higher electricity cost are helping the market to grow.
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Growing Concern of conventional energy sources give rise to the renewable source of energy results in enhancing the growth of the advanced energy storage systems.
Rising demand of electric vehicle is led to increasing use of battery technology which also has advantages such as low cost and easy charging.
Rising investment of R&D in sustainable energy source is expected to increase the demand of the advanced energy storage systems market.
• Thermal storage technology segment is accounted for major share in the advanced energy storage system market.
• Segmentation by application is dominates by transportation owing increasing battery powered vehicles.
• Asia-Pacific is accounted for higher share in the advanced energy storage systems due to rising installation of renewable energy sources in that region.
View Full Report Description with TOC: https://goo.gl/5jTCGp
The major companies profiled in the report include ABB Ltd., CALMAC, Evapco, Inc., General Electric Company, GS Yuasa Corporation, Hitachi, Ltd. LG Chem, Ltd., Panasonic Corporation, SaftGroupe S.A., Samsung SDI Co., Ltd. , Siemens AG and Tesla, Inc.
Global advanced energy storage systems are divided in a region as North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific is a expected to accounts for higher share in the market owing rising population, industrialization and urbanization increases the demand fluctuation of electricity which raises the growth of the market, along with rising installation of renewable energy sources in this region. North American and Europe region growing moderately compared to developing economies.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
3.6. Market Overview
4. Technology Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Electro Chemical Technology
4.2.2. Mechanical Technology
4.2.3. Thermal Storage Technology
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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