Home / News / Global Advanced Battery Energy Storage Systems Market has been expected to grow at a CAGR of 33.7 % during the forecasted period of 2016-2022 – Brisk Insights

Global Advanced Battery Energy Storage Systems Market has been expected to grow at a CAGR of 33.7 % during the forecasted period of 2016-2022 – Brisk Insights

According to a recently published report, the global Advanced Battery Energy Storage Systems Market has been expected to grow at a CAGR of 33.7 % during the forecasted period of 2016-2022.The segmentation of global advanced battery energy storage systems marketis technology, end users, applications and geography. The report global advanced battery energy storage systems marketforecast 2016-2022 (technology, end users, applications and geography) provides detailed overview and predictive analysis of the market.

Full report is available on global advanced battery energy storage systems market forecast 2016-2022 (technology, end users, applications and geography) report at http://www.briskinsights.com/report/advanced-battery-energy-storage-systems-market

The global advanced battery energy storage systems market is likely to grow reasonably in the upcoming years. Advanced battery energy storage systems help in energy management, improvement of grid efficiency, maintaining power quality and distribution reliability. Electrical energy storage is used mainly during the time when supply is more than the demand i.e. during times when production mainly from renewable electricity sources such as solar, wind, thermal, tidal etc. exceeds the consumption. This stored energy is used when the production falls below consumption.They are also used as the primary power source in electric vehicles. Increasing energy demand globally and increasing shift to renewable sources due to varying commodity prices, peak power support given by it during times of excess demand and various other economic benefits are the major factors driving theglobal advanced energy storage systems market.According to the International Energy Outlook 2014, it has been estimated that the world energy consumption will grow by 56% between 2010 and 2040. This escalation in demand for electricity has to be matched with improved generation capacity and changing demand peaks, thereby making energy storage vital criteria in the entire energy system. Furthermore, increasing deployment of smart grid will create huge growth opportunity for the global advanced energy storage systems market.

Scope of the report

  1. Global Advanced Battery Energy Storage Systems MarketBy Technology 2012 – 2022 ($ million)
    1.1. Lithium Ion Battery Technology
    1.2. NAS Battery Storage Technology
    1.3. Molten Salt Batteries Technology
    1.4. Flow Battery Energy Storage Technology
    1.5. Advanced Lead-Acid Technology
    1.6. Others
  2. Global Advanced Battery Energy Storage Systems MarketBy End User 2012 – 2022 ($ million)
    2.1. Electric Vehicles
    2.2. Utility
    2.3. Residential & Non Residential
  3. Global Advanced Battery Energy Storage Systems MarketBy Application 2012 – 2022 ($ million)
    3.1. Transportation Utility
    3.2. Grid Storage
  4. Global Advanced Battery Energy Storage Systems Market Regional Outlook 2012-2022($million)
    4.1. North America
    4.2. Europe
    4.3. Asia Pacific
    4.4. Middle East & Africa
    4.5. Central & South America
  5. Company Profiles
    5.1. ABB Limited
    5.2. AES Energy Storage
    5.3. Altair Nanotechnologies
    5.4. Beckett Energy Systems
    5.5. China BAK Batteries, Inc.
    5.6. Enersys
    5.7. Exide Technologies
    5.8. General Electric
    5.9. LG Chem. Ltd.
    5.10. Nippon Chemi-Con Corporation
    5.11. Panasonic Corp.
    5.12. The Furukawa Battery Co. Ltd
    5.13. Toshiba Corporation
    5.14. ZBB Energy
    5.15. Zest Energy

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Brisk Insights is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies.

Working in a highly dynamic and multi-dimensional business makes decision making complex. Effective business decisions are a result of the synthesis of market information. Our Research and data analysis is an efficient and cost-effective way of providing robust market analysis and can yield highly valuable intelligence relating to consumers, competitors and markets.

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Release ID: 3044

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