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Advanced Energy Storage Systems-Global Market Insights and Sales Trends 2024

Advanced Energy Storage Systems-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1832906

No of Pages : 124

Synopsis
The global Advanced Energy Storage Systems market size is expected to reach US$ 17750 million by 2029, growing at a CAGR of 4.8% from 2023 to 2029. The market is mainly driven by the significant applications of Advanced Energy Storage Systems in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Advanced Energy Storage Systems market. Electro Chemical Technology, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mechanical Technology segment is estimated at % CAGR for the next seven-year period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 130%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Advanced Energy Storage Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Advanced Energy Storage Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Advanced Energy Storage Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Advanced Energy Storage Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Advanced Energy Storage Systems covered in this report include LG Chem, ABB, Nippon, Toshiba, BYD Company, NGK Insulators, Toshiba Corporation, Exide Technologies and GS Yuasa Corporation, etc.
The global Advanced Energy Storage Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
LG Chem
ABB
Nippon
Toshiba
BYD Company
NGK Insulators
Toshiba Corporation
Exide Technologies
GS Yuasa Corporation
Samsung SDI
Enersys
A123 Systems
Maxwell Technologies
China BAK Batteries
Hitachi
Beacon Power
General Electric Company
Nippon Chemi-Con Corporation
Calmac Manufacturing
PATHION
Pacific Energy
AES Energy Storage
Global Advanced Energy Storage Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Advanced Energy Storage Systems market, Segment by Type:
Electro Chemical Technology
Mechanical Technology
Thermal Storage Technology
Global Advanced Energy Storage Systems market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Advanced Energy Storage Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Advanced Energy Storage Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Advanced Energy Storage Systems Market Overview
1.1 Advanced Energy Storage Systems Product Overview
1.2 Advanced Energy Storage Systems Market Segment by Type
1.2.1 Electro Chemical Technology
1.2.2 Mechanical Technology
1.2.3 Thermal Storage Technology
1.3 Global Advanced Energy Storage Systems Market Size by Type
1.3.1 Global Advanced Energy Storage Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Advanced Energy Storage Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Advanced Energy Storage Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Advanced Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Advanced Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Advanced Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Advanced Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Advanced Energy Storage Systems Sales Breakdown by Type (2018-2023)
2 Global Advanced Energy Storage Systems Market Competition by Company
2.1 Global Top Players by Advanced Energy Storage Systems Sales (2018-2023)
2.2 Global Top Players by Advanced Energy Storage Systems Revenue (2018-2023)
2.3 Global Top Players by Advanced Energy Storage Systems Price (2018-2023)
2.4 Global Top Manufacturers Advanced Energy Storage Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Advanced Energy Storage Systems Market Competitive Situation and Trends
2.5.1 Advanced Energy Storage Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Advanced Energy Storage Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Advanced Energy Storage Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Advanced Energy Storage Systems Market
2.8 Key Manufacturers Advanced Energy Storage Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Advanced Energy Storage Systems Status and Outlook by Region
3.1 Global Advanced Energy Storage Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Advanced Energy Storage Systems Historic Market Size by Region
3.2.1 Global Advanced Energy Storage Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Advanced Energy Storage Systems Sales in Value by Region (2018-2023)
3.2.3 Global Advanced Energy Storage Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Advanced Energy Storage Systems Forecasted Market Size by Region
3.3.1 Global Advanced Energy Storage Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Advanced Energy Storage Systems Sales in Value by Region (2024-2029)
3.3.3 Global Advanced Energy Storage Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Advanced Energy Storage Systems by Application
4.1 Advanced Energy Storage Systems Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global Advanced Energy Storage Systems Market Size by Application
4.2.1 Global Advanced Energy Storage Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Advanced Energy Storage Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Advanced Energy Storage Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Advanced Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Advanced Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Advanced Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Advanced Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Advanced Energy Storage Systems Sales Breakdown by Application (2018-2023)
5 North America Advanced Energy Storage Systems by Country
5.1 North America Advanced Energy Storage Systems Historic Market Size by Country
5.1.1 North America Advanced Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Advanced Energy Storage Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Advanced Energy Storage Systems Sales in Value by Country (2018-2023)
5.2 North America Advanced Energy Storage Systems Forecasted Market Size by Country
5.2.1 North America Advanced Energy Storage Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Advanced Energy Storage Systems Sales in Value by Country (2024-2029)
6 Europe Advanced Energy Storage Systems by Country
6.1 Europe Advanced Energy Storage Systems Historic Market Size by Country
6.1.1 Europe Advanced Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Advanced Energy Storage Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Advanced Energy Storage Systems Sales in Value by Country (2018-2023)
6.2 Europe Advanced Energy Storage Systems Forecasted Market Size by Country
6.2.1 Europe Advanced Energy Storage Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Advanced Energy Storage Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Advanced Energy Storage Systems by Region
7.1 Asia-Pacific Advanced Energy Storage Systems Historic Market Size by Region
7.1.1 Asia-Pacific Advanced Energy Storage Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Advanced Energy Storage Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Advanced Energy Storage Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Advanced Energy Storage Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Advanced Energy Storage Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Advanced Energy Storage Systems Sales in Value by Region (2024-2029)
8 Latin America Advanced Energy Storage Systems by Country
8.1 Latin America Advanced Energy Storage Systems Historic Market Size by Country
8.1.1 Latin America Advanced Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Advanced Energy Storage Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Advanced Energy Storage Systems Sales in Value by Country (2018-2023)
8.2 Latin America Advanced Energy Storage Systems Forecasted Market Size by Country
8.2.1 Latin America Advanced Energy Storage Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Advanced Energy Storage Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Advanced Energy Storage Systems by Country
9.1 Middle East and Africa Advanced Energy Storage Systems Historic Market Size by Country
9.1.1 Middle East and Africa Advanced Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Advanced Energy Storage Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Advanced Energy Storage Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Advanced Energy Storage Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Advanced Energy Storage Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Advanced Energy Storage Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 LG Chem
10.1.1 LG Chem Company Information
10.1.2 LG Chem Introduction and Business Overview
10.1.3 LG Chem Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 LG Chem Advanced Energy Storage Systems Products Offered
10.1.5 LG Chem Recent Development
10.2 ABB
10.2.1 ABB Company Information
10.2.2 ABB Introduction and Business Overview
10.2.3 ABB Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ABB Advanced Energy Storage Systems Products Offered
10.2.5 ABB Recent Development
10.3 Nippon
10.3.1 Nippon Company Information
10.3.2 Nippon Introduction and Business Overview
10.3.3 Nippon Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nippon Advanced Energy Storage Systems Products Offered
10.3.5 Nippon Recent Development
10.4 Toshiba
10.4.1 Toshiba Company Information
10.4.2 Toshiba Introduction and Business Overview
10.4.3 Toshiba Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Toshiba Advanced Energy Storage Systems Products Offered
10.4.5 Toshiba Recent Development
10.5 BYD Company
10.5.1 BYD Company Company Information
10.5.2 BYD Company Introduction and Business Overview
10.5.3 BYD Company Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BYD Company Advanced Energy Storage Systems Products Offered
10.5.5 BYD Company Recent Development
10.6 NGK Insulators
10.6.1 NGK Insulators Company Information
10.6.2 NGK Insulators Introduction and Business Overview
10.6.3 NGK Insulators Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 NGK Insulators Advanced Energy Storage Systems Products Offered
10.6.5 NGK Insulators Recent Development
10.7 Toshiba Corporation
10.7.1 Toshiba Corporation Company Information
10.7.2 Toshiba Corporation Introduction and Business Overview
10.7.3 Toshiba Corporation Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba Corporation Advanced Energy Storage Systems Products Offered
10.7.5 Toshiba Corporation Recent Development
10.8 Exide Technologies
10.8.1 Exide Technologies Company Information
10.8.2 Exide Technologies Introduction and Business Overview
10.8.3 Exide Technologies Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Exide Technologies Advanced Energy Storage Systems Products Offered
10.8.5 Exide Technologies Recent Development
10.9 GS Yuasa Corporation
10.9.1 GS Yuasa Corporation Company Information
10.9.2 GS Yuasa Corporation Introduction and Business Overview
10.9.3 GS Yuasa Corporation Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 GS Yuasa Corporation Advanced Energy Storage Systems Products Offered
10.9.5 GS Yuasa Corporation Recent Development
10.10 Samsung SDI
10.10.1 Samsung SDI Company Information
10.10.2 Samsung SDI Introduction and Business Overview
10.10.3 Samsung SDI Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Samsung SDI Advanced Energy Storage Systems Products Offered
10.10.5 Samsung SDI Recent Development
10.11 Enersys
10.11.1 Enersys Company Information
10.11.2 Enersys Introduction and Business Overview
10.11.3 Enersys Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Enersys Advanced Energy Storage Systems Products Offered
10.11.5 Enersys Recent Development
10.12 A123 Systems
10.12.1 A123 Systems Company Information
10.12.2 A123 Systems Introduction and Business Overview
10.12.3 A123 Systems Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.12.4 A123 Systems Advanced Energy Storage Systems Products Offered
10.12.5 A123 Systems Recent Development
10.13 Maxwell Technologies
10.13.1 Maxwell Technologies Company Information
10.13.2 Maxwell Technologies Introduction and Business Overview
10.13.3 Maxwell Technologies Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Maxwell Technologies Advanced Energy Storage Systems Products Offered
10.13.5 Maxwell Technologies Recent Development
10.14 China BAK Batteries
10.14.1 China BAK Batteries Company Information
10.14.2 China BAK Batteries Introduction and Business Overview
10.14.3 China BAK Batteries Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.14.4 China BAK Batteries Advanced Energy Storage Systems Products Offered
10.14.5 China BAK Batteries Recent Development
10.15 Hitachi
10.15.1 Hitachi Company Information
10.15.2 Hitachi Introduction and Business Overview
10.15.3 Hitachi Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Hitachi Advanced Energy Storage Systems Products Offered
10.15.5 Hitachi Recent Development
10.16 Beacon Power
10.16.1 Beacon Power Company Information
10.16.2 Beacon Power Introduction and Business Overview
10.16.3 Beacon Power Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Beacon Power Advanced Energy Storage Systems Products Offered
10.16.5 Beacon Power Recent Development
10.17 General Electric Company
10.17.1 General Electric Company Company Information
10.17.2 General Electric Company Introduction and Business Overview
10.17.3 General Electric Company Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.17.4 General Electric Company Advanced Energy Storage Systems Products Offered
10.17.5 General Electric Company Recent Development
10.18 Nippon Chemi-Con Corporation
10.18.1 Nippon Chemi-Con Corporation Company Information
10.18.2 Nippon Chemi-Con Corporation Introduction and Business Overview
10.18.3 Nippon Chemi-Con Corporation Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Nippon Chemi-Con Corporation Advanced Energy Storage Systems Products Offered
10.18.5 Nippon Chemi-Con Corporation Recent Development
10.19 Calmac Manufacturing
10.19.1 Calmac Manufacturing Company Information
10.19.2 Calmac Manufacturing Introduction and Business Overview
10.19.3 Calmac Manufacturing Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Calmac Manufacturing Advanced Energy Storage Systems Products Offered
10.19.5 Calmac Manufacturing Recent Development
10.20 PATHION
10.20.1 PATHION Company Information
10.20.2 PATHION Introduction and Business Overview
10.20.3 PATHION Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.20.4 PATHION Advanced Energy Storage Systems Products Offered
10.20.5 PATHION Recent Development
10.21 Pacific Energy
10.21.1 Pacific Energy Company Information
10.21.2 Pacific Energy Introduction and Business Overview
10.21.3 Pacific Energy Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Pacific Energy Advanced Energy Storage Systems Products Offered
10.21.5 Pacific Energy Recent Development
10.22 AES Energy Storage
10.22.1 AES Energy Storage Company Information
10.22.2 AES Energy Storage Introduction and Business Overview
10.22.3 AES Energy Storage Advanced Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.22.4 AES Energy Storage Advanced Energy Storage Systems Products Offered
10.22.5 AES Energy Storage Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Advanced Energy Storage Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Advanced Energy Storage Systems Industrial Chain Analysis
11.4 Advanced Energy Storage Systems Market Dynamics
11.4.1 Advanced Energy Storage Systems Industry Trends
11.4.2 Advanced Energy Storage Systems Market Drivers
11.4.3 Advanced Energy Storage Systems Market Challenges
11.4.4 Advanced Energy Storage Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Advanced Energy Storage Systems Distributors
12.3 Advanced Energy Storage Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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