August 2, 2018 - 10:41 AM EDT
Print Email Article Font Down Font Up
Global Advanced Energy Storage Systems Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 8.48% -


The "Global Advanced Energy Storage Systems Market 2018-2022" report has been added to's offering.

The analysts forecast the global advanced energy storage systems market to grow at a CAGR of 8.48% during the period 2018-2022.

Advanced energy storage technologies are used to store excess electricity that can be utilized during blackouts, power shortages, and peak hours of demand. This excess electricity is supplied to end-customers when energy demand exceeds generation. Advanced energy storage plays an important role in storing electrical energy and helps the consumers manage their energy in real-time.

One trend in the market is increased adoption of microgrids. A microgrid is a small-scale power grid that has its own generation and storage resources and definable boundaries. Microgrids can operate independently or collaboratively with other small power grids.

One driver in the market is government initiatives to promote advanced energy storage. Electricity grids require constant adjustments to the supply for predictable changes in demand as well as unexpected changes due to equipment overloads or force majeure activities. These factors make it compulsory for energy storage systems to create a balanced and reliable grid system.

The report states that one challenge in the market is widening lithium demand-supply gap. Until recent days, Li-ion batteries were primarily used for their applications in portable electronics. From the past few years, Li-ion batteries are rapidly being used as advanced energy storage systems. Li-ion batteries constitute around two-thirds of the total electrochemical energy storage.

Companies Mentioned

  • BYD
  • Fluence
  • Kokam
  • NEC
  • Toshiba

Key Topics Covered:

01. Executive Summary

02. Scope Of The Report

03. Research Methodology

04. Market Landscape

05. Market Sizing

06. Five Force Analysis

07. Market Segmentation By Technology

08. Customer Landscape

09. Regional Landscape

10. Decision Framework

11. Drivers And Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

15. Appendix

For more information about this report visit
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Energy Storage

Source: Business Wire (August 2, 2018 - 10:41 AM EDT)

News by QuoteMedia

Legal Notice