Energy Storage Market Flourishing Growth by Types, Key Vendors, Trends Analysis, Major Factors, Business Opportunities & Forecast to 2025

1
Global Energy Storage Market

• Size by Type (Lithium Ion Battery, All-Vanadium
  Flow Battery, Zinc-bromine Flow Battery, Others),
  by Application (Utility Solution, Residential
  Solution, Non-Residential), By Region and
  Forecast 2018 to 2025

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2
Global Energy Storage Market Size And Forecast,
2013-2025

• The global energy storage market size is
  anticipated to witness a 9.0 CAGR over the
  forecast period due to increasing need for
  reliable and flexible smart grid systems. Growing
  energy requirement has boosted the need for huge
  energy storage projects, also, recently new
  market players are entering the market to address
  the potentially growing demand.
• To familiarise the smart power grid technology,
  several countries and their state affairs have
  initiated numerous support programs which has
  potentially increased the deployments of energy
  storage. For instance, in the U.S., state polices
  are in favour for energy storage installation in
  residences, which increased the growth of energy
  storage market thrice this year. Similarly,
  adoption for grid technology and need for
  electricity generation across borders has
  increased the overall growth of global energy
  storage market.
• Globally, energy storage batteries can be
  identified majorly as lithium-ion battery,
  all-vanadium flow battery, zinc-bromine flow
  battery and others. Factors such as high energy
  density, low maintenance and low rate of
  self-discharge is driving the lithium-ion battery
  demand in the global energy storage market. For
  instance, the lithium-ion battery demand growth
  made electric car company Tesla and Panasonic on
  lowering costs of their lithium-ion batteries
  significantly. Also, the vanadium batteries are
  the best technology for stationary energy storage
  application. Moreover, lithium-ion was estimated
  the largest and fastest growing market share and
  shall continue the same trend during estimative
  period.
• Majority of energy storage has been equipped in
  the utility solution, whereas residential
  solution in the application segment of the global
  energy storage market is estimated to register
  more than 29 CAGR during the forecast years.

3
Global Energy Storage Market Size And Forecast,
2013-2025

• North America was registered the largest share in
  2017 and will continue as the largest growing
  market during the forecast years. However, Asia
  Pacific will be the fastest growing market during
  2025 due to the huge investments by governments
  across nation to integrate sustainable energy
  storage.
• The competitive landscape of the global energy
  storage market is highly fragmented owing to the
  presence of several local players. Typically,
  majority of the players cater to their local
  market with little presence overseas. Companies
  including NGK Insulators Ltd., Sungrow-Samsung
  SDI Energy Storage Power Supply Co.) Sungrow /
  Samsung SDI), SMA Solar Technology AG, SMA Solar
  Technology AG, Aggreko, SOCOMEC, ABB, AEG Power
  Solutions, Tesla Energy Operations Inc.
  (SolarCity), and ZEN among others have a broader
  presence within the global market.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/energy-storage-market

4
Key segments of the global energy storage market

• Type Overview, 2013-2025 (USD Million)
  (Megawatts)
• Lithium-ion battery
• All-vanadium flow battery
• Zinc-bromine flow battery
• Others
• Application Overview, 2013-2025 (USD Million)
  (Megawatts)
• Utility solution
• Residential solution
• Non-Residential solution

5
Key segments of the global energy storage market

• Regional Overview, 2015-2025 (USD million) (Kilo
  tons)
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• Purchase a single user copy of the global energy
  storage market report_at_ https//adroitmarketresearc
  h.com/researchreport/purchase/3

6
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