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Advanced Energy Storage Systems Market Worth 19.04 Billion USD by 2022


News provided by

MarketsandMarkets

31 Aug, 2017, 12:30 GMT

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PUNE, India, August 31, 2017 /PRNewswire/ --

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The report 'Advanced Energy Storage Systems Market, by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast To 2022', published by MarketsandMarkets™, the market is expected to grow from an estimated USD 12.73 Billion in 2017 to USD 19.04 Billion by 2022, registering a CAGR of 8.38%, from 2017 to 2022. Energy arbitrage opportunities, renewable energy installations, and growing electric vehicles market are driving the energy storage systems market globally.

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Browse 69 Market Data Tables and 54 Figures spread through 157 Pages and in-depth TOC on "Advanced Energy Storage Systems Market"

http://www.marketsandmarkets.com/Market-Reports/advanced-energy-storage-systems-market-1306.html

Early buyers will receive 10% customization on this report

Energy storage system in transportation application is expected to emerge as a major segment in the AESS market, during the forecast period.

The transportation segment accounted for a major share in the Advanced Energy Storage Systems Market. Lithium-Ion batteries held a major share in the transportation sector in 2016. Battery-powered vehicles available today include hybrid vehicles, plug-in hybrid vehicles, and electric vehicles. With ongoing research and development activities by major automotive companies, the usage of lithium-ion batteries is expected to increase at a rapid rate in electric vehicles by 2022.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1306

The lithium-ion sub-segment is expected to hold the largest share of the Advanced Energy Storage Systems Market during the forecast period.

The lithium-ion battery sub-segment, within the technology segment, led the Advanced Energy Storage Systems Market in 2016, and is projected to dominate the market during the forecast period. It is also expected to grow at the fastest rate during the forecast period. Varied applications of this technology including its use in large transportation applications is contributing to its growth and a larger market share.

The pumped hydro sub-segment is also one of the major segment in the Advanced Energy Storage Systems Market and the growth in this market is expected to be driven by the commencement of the new utility scale pumped hydro energy storage projects in the Asia Pacific region.

Asia Pacific: The leading market for advanced energy storage systems

In this report, the Advanced Energy Storage Systems Market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The energy storage systems market is expanding in developing countries owing to the progress in renewable energy installations and growth in the electric vehicles market. The Asia Pacific energy storage systems market is expected to dominate the global AESS market, with the highest share. The region is expected to maintain its dominance in the energy storage systems market during the forecast period.    

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1306

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Advanced Energy Storage Systems Market. These players include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), Samsung SDI Co, Ltd (South Korea) and Tesla, Inc. (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports:

Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries, and Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, and Region- Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/battery-energy-storage-system-market-112809494.html

Thermal Energy Storage Market by Technology (Sensible, Latent, and TCS), Storage Material (Water, Molten Salt, and PCM), Application (Power Generation, District Heating and Cooling, and Process Heating and Cooling), End-User, and Region - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/thermal-energy-storage-market-61500371.html

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™
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Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

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