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1521160

2024-2032 年按技術（抽水蓄能、電化學儲存、機電儲存、熱儲存）、應用（固定式、運輸）、最終用戶（住宅、非住宅、公用事業）和地區分類的儲能系統市場報告

Energy Storage Systems Market Report by Technology (Pumped Hydro, Electrochemical Storage, Electromechanical Storage, Thermal Storage), Application (Stationary, Transportation), End-User (Residential, Non-Residential, Utilities), and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 143 Pages | 商品交期: 2-3個工作天內

價格

2023年全球儲能系統市場規模達236.6IMARC Group。由於緊急斷電期間對電力的需求不斷成長、電網現代化和分散化、可再生能源的利用不斷增加以及對減少全球有害排放的擔憂日益增加，該市場正在經歷穩定成長。

儲能系統市場分析：

市場成長與規模：在全球日益重視再生能源整合、電網現代化和交通電氣化的推動下，市場出現了強勁成長。隨著不同應用領域對儲能解決方案的需求顯著成長，市場經歷了相當大的擴張，其規模持續成長，反映出儲能在不斷變化的能源格局中的關鍵作用。

主要市場促進因素：推動市場的主要促進因素包括向再生能源的過渡、電網現代化工作以及交通電氣化。這些因素，加上政府的激勵措施、環境問題和儲能技術的進步，促進了全球儲能解決方案的持續成長和採用。

技術進步：技術進步，特別是鋰離子、固態電池和新興儲存技術等電池技術的進步，在塑造儲能市場方面發揮關鍵作用。持續的研發工作重點是提高能量密度、循環壽命和整體效率，推動創新並擴展儲能系統的功能。

產業應用：這些系統在各個產業都有多種應用，包括公用事業、住宅、商業和工業部門。這些應用範圍從電網穩定和再生能源整合到提供備用電源和支援關鍵基礎設施，展示了儲能解決方案的多功能性和適應性。

主要市場趨勢：市場的主要趨勢包括分散式儲能的興起、智慧技術的整合以及永續和環保儲存解決方案的開發。此外，市場注意到新興市場對能源即服務模式和儲能部署的日益關注。

地理趨勢：從地理上看，在快速城市化、政府措施和不斷成長的能源需求的推動下，亞太地區引領市場。北美和歐洲也表現出顯著的成長，重點是再生能源的採用、電網彈性和能源儲存創新。

競爭格局：儲能系統市場呈現競爭格局，主要參與者投資於研發、策略夥伴關係和合併。領先公司競相提高市場佔有率，擴大產品組合，並將自己定位為全球儲能生態系統的關鍵貢獻者。

挑戰與機會：儲能產業面臨的挑戰包括初始成本高、監管不確定性和技術障礙。然而，這些挑戰帶來了創新、降低成本和開發可擴展解決方案的機會，從而促進了該行業的成長和復原力。

未來展望：儲能系統市場未來前景樂觀，持續專注於技術進步、成本降低和政策支援。預計該市場將在實現能源永續性、電網可靠性以及滿足全球對清潔可靠電力日益成長的需求方面發揮至關重要的作用。

儲能系統市場趨勢：

不斷向再生能源轉型

市場背後的主要驅動力之一是全球向再生能源的過渡。隨著世界越來越接受清潔和永續的能源選擇，太陽能和風能等再生能源的間歇性對維持穩定可靠的能源供應提出了挑戰。這些儲存系統透過儲存再生能源高產量期間產生的多餘能源並在需求增加或再生能源產量低時釋放它，在緩解這一挑戰方面發揮關鍵作用。這使得再生能源能夠更無縫地融入現有電網，減少對傳統化石燃料發電的依賴，並有助於減少溫室氣體排放。對環境永續性的承諾以及對氣候變遷問題的日益認知正在推動政府、企業和消費者等投資能源儲存解決方案。以實現碳中和和實現再生能源目標為重點，儲能系統市場成為廣泛採用清潔能源技術的重要推動者。

電網現代化和分散化

電網現代化的需求是推動市場的另一個重要因素。老化的電力基礎設施、不斷成長的能源需求以及對更具彈性的電網的渴望正在促使公用事業公司和電網營運商投資先進的儲能技術。這些儲存系統透過提供頻率調節、電壓控制和電網平衡等輔助服務來支援電網穩定性。此外，這些系統促進分散式能源資源（DER）的整合並支持向分散能源格局的過渡。分散式發電是影響市場的關鍵趨勢，受到屋頂太陽能板等分散式發電源的興起以及消費者對能源獨立的渴望的推動。儲能系統使個人和企業能夠儲存本地產生的能源，減少對集中式電網的依賴並增強能源彈性。分散式儲能提供的靈活性有助於提高電網可靠性，減少輸電和配電損耗，並促進更具彈性和適應性的能源基礎設施。

交通運輸日益電氣化

交通電氣化，特別是電動車（EV）的日益普及，是市場的主要動力。從傳統內燃機汽車轉向電動車的轉變需要開發高效、大容量的儲能解決方案。鋰離子電池是一種流行的儲能技術，在為電動車提供動力方面發揮核心作用。隨著電動車需求的持續成長，儲能市場受益於電池技術、研究和生產能力投資的增加。世界各國政府正透過激勵措施、監管和基礎設施發展來促進電動車的採用，為儲能成長創造有利的環境。這一趨勢不僅推動市場向前發展，而且在儲能和交通領域之間建立了共生關係，為電池技術、充電基礎設施和電網整合的進步創造了機會。能源儲存和運輸的交叉點與減少碳排放、提高能源效率和建立永續且相互關聯的能源生態系統的更廣泛努力相一致。

目錄

第1章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球儲能系統市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章：市場區隔：依技術

  • 抽水蓄能
    • 市場走向
    • 市場預測
  • 電化學存儲
    • 市場走向
    • 市場預測
  • 機電儲存
    • 市場走向
    • 市場預測
  • 蓄熱
    • 市場走向
    • 市場預測

第 7 章：市場區隔：按應用

  • 固定式
    • 市場走向
    • 市場預測
  • 運輸
    • 市場走向
    • 市場預測

第 8 章：市場區隔：依最終用戶

  • 住宅
    • 市場走向
    • 市場預測
  • 非住宅
    • 市場走向
    • 市場預測
  • 公用事業
    • 市場走向
    • 市場預測

第 9 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場走向
    • 市場細分：按國家/地區
    • 市場預測

第 10 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章：價格分析

第14章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Altair Nanotechnologies Inc.
    • Eguana Technologies
    • Electrovaya Inc.
    • Exide Industries Limited
    • Furukawa Electric Co. Ltd.
    • General Electric Company
    • Kokam Ltd.
    • LG Chem Ltd.
    • Saft (TotalEnergies SE)
    • Samsung SDI Co. Ltd.
    • Schneider Electric SE
    • Showa Denko KK
    • Tata Power Company Limited
Product Code: SR112024A5406

The global energy storage systems market size reached 236.6 GW in 2023. Looking forward, IMARC Group expects the market to reach 468.4 GW by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032. The market is experiencing steady growth driven by the growing demand for electricity during emergency power cuts, grid modernization and decentralization, escalating utilization of renewable energy, and rising concerns about reducing harmful emissions worldwide.

Energy Storage Systems Market Analysis:

Market Growth and Size: The market has witnessed robust growth, driven by the increasing global emphasis on renewable energy integration, grid modernization, and the electrification of transportation. With a significant rise in demand for energy storage solutions across diverse applications, the market has experienced considerable expansion, and its size continues to grow, reflecting the pivotal role of energy storage in the changing energy landscape.

Major Market Drivers: Key drivers fueling the market include the transition to renewable energy sources, grid modernization efforts, and the electrification of transportation. These factors, coupled with government incentives, environmental concerns, and advancements in energy storage technologies, contribute to the sustained growth and adoption of energy storage solutions worldwide.

Technological Advancements: Technological advancements, particularly in battery technologies like lithium-ion, solid-state batteries, and emerging storage technologies, play a pivotal role in shaping the energy storage market. Ongoing research and development efforts focus on improving energy density, cycle life, and overall efficiency, driving innovation, and expanding the capabilities of energy storage systems.

Industry Applications: These systems find diverse applications across industries, including utilities, residential, commercial, and industrial sectors. These applications range from grid stabilization and renewable energy integration to providing backup power and supporting critical infrastructure, showcasing the versatility and adaptability of energy storage solutions.

Key Market Trends: Key trends in the market include the rise of decentralized energy storage, the integration of smart technologies, and the development of sustainable and eco-friendly storage solutions. Additionally, the market observes a growing focus on energy-as-a-service models and the deployment of energy storage in emerging markets.

Geographical Trends: Geographically, Asia Pacific leads the market, driven by rapid urbanization, government initiatives, and increasing energy demand. North America and Europe also demonstrate significant growth, with a focus on renewable energy adoption, grid resilience, and energy storage innovation.

Competitive Landscape: The energy storage systems market features a competitive landscape with major players investing in research and development, strategic partnerships, and mergers. Leading companies compete to enhance their market share, expand product portfolios, and position themselves as key contributors to the global energy storage ecosystem.

Challenges and Opportunities: Challenges in the energy storage industry include high initial costs, regulatory uncertainties, and technological barriers. However, these challenges present opportunities for innovation, cost reduction, and the development of scalable solutions, fostering the industry's growth and resilience.

Future Outlook: The future outlook for the energy storage systems market is optimistic, with a continued focus on technological advancements, cost reductions, and policy support. The market is expected to play a crucial role in achieving energy sustainability, grid reliability, and meeting the increasing demand for clean and reliable power globally.

Energy Storage Systems Market Trends:

Rising transition to renewable energy

One of the primary driving forces behind the market is the global transition to renewable energy sources. As the world increasingly embraces clean and sustainable energy options, the intermittent nature of renewables, such as solar and wind power, poses a challenge to maintaining a stable and reliable energy supply. These storage systems play a pivotal role in mitigating this challenge by storing excess energy generated during periods of high renewable output and releasing it during times of increased demand or low renewable production. This enables a more seamless integration of renewable energy into the existing power grid, reduces reliance on traditional fossil fuel-based generation, and contributes to the reduction of greenhouse gas emissions. The commitment to environmental sustainability and the growing recognition of climate change concerns are driving governments, businesses, and consumers alike to invest in energy storage solutions. With a focus on achieving carbon neutrality and meeting renewable energy targets, the energy storage systems market becomes an essential enabler for the widespread adoption of clean energy technologies.

Grid modernization and decentralization

The need for grid modernization is another significant factor propelling the market. Aging power infrastructure, increasing energy demand, and the desire for more resilient grids are prompting utilities and grid operators to invest in advanced energy storage technologies. These storage systems support grid stability by providing ancillary services, including frequency regulation, voltage control, and grid balancing. Moreover, these systems facilitate the integration of distributed energy resources (DERs) and support the transition towards a decentralized energy landscape. Decentralization is a key trend influencing the market, driven by the rise of distributed generation sources like rooftop solar panels and the desire for energy independence among consumers. Energy storage systems empower individuals and businesses to store locally generated energy, reducing dependence on centralized power grids and enhancing energy resilience. The flexibility offered by decentralized energy storage contributes to grid reliability, reduces transmission and distribution losses, and fosters a more resilient and adaptive energy infrastructure.

Growing electrification of transportation

The electrification of transportation, particularly the increasing adoption of electric vehicles (EVs), is a major driver of the market. The shift away from traditional internal combustion engine vehicles towards electric mobility necessitates the development of efficient and high-capacity energy storage solutions. Lithium-ion batteries, a prevalent technology in energy storage, play a central role in powering electric vehicles. As the demand for EVs continues to rise, the energy storage market benefits from increased investments in battery technologies, research, and production capacities. Governments worldwide are promoting electric vehicle adoption through incentives, regulations, and infrastructure development, creating a conducive environment for energy storage growth. This trend not only propels the market forward but also establishes a symbiotic relationship between energy storage and the transportation sector, creating opportunities for advancements in battery technology, charging infrastructure, and grid integration. The intersection of energy storage and transportation aligns with broader efforts to reduce carbon emissions, enhance energy efficiency, and build a sustainable and interconnected energy ecosystem.

Energy Storage Systems Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on technology, application, and end user.

Breakup by Technology:

Pumped Hydro

Electrochemical Storage

Electromechanical Storage

Thermal Storage

Pumped hydro accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on technology. This includes pumped hydro, electrochemical storage, electromechanical storage, and thermal storage. According to the report, pumped hydro represented the largest segment.

Pumped hydro stands as a stalwart in the energy storage landscape, claiming the majority of the market share. This well-established technology harnesses gravitational potential energy by pumping water to an elevated reservoir during periods of excess electricity, later releasing it to generate power during high-demand periods. Its large-scale capacity, long operational life, and grid-balancing capabilities position pumped hydro as a dependable and cost-effective solution for storing and managing energy on a massive scale, contributing significantly to grid stability and renewable energy integration.

Electrochemical storage, predominantly represented by lithium-ion batteries, is rapidly gaining prominence in the market. With applications ranging from portable electronics to electric vehicles and grid-scale installations, electrochemical storage offers versatility and high energy density. Advances in battery technologies, coupled with decreasing costs, drive the adoption of electrochemical storage solutions. These systems provide efficient and reliable energy storage, supporting the transition to renewable energy sources and addressing the need for decentralized power solutions.

Electromechanical storage solutions, such as flywheels and compressed air energy storage (CAES), offer innovative approaches to energy storage. Flywheel systems store energy in the form of rotational kinetic energy, providing rapid response times and frequency regulation. Compressed air energy storage, on the other hand, compresses air during low-demand periods and releases it to generate power when demand is high. These electromechanical technologies contribute to grid stability and energy management, offering unique advantages in terms of efficiency, quick response, and reliability.

Thermal storage systems play a crucial role in the energy storage market by storing and releasing energy in the form of heat. Common technologies include molten salt storage and phase change materials. In concentrated solar power plants, molten salt is used to store and transfer thermal energy, allowing for continuous electricity generation even when the sun is not shining. Phase-change materials store and release energy during changes in their physical state. These thermal storage solutions enhance the efficiency of renewable energy systems by enabling dispatchable power generation and reducing reliance on intermittent energy sources.

Breakup by Application:

Stationary

Transportation

Stationary holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes stationary and transportation. According to the report, stationary accounted for the largest market share.

The stationary application claims the largest share in the energy storage industry, representing a fundamental component of modern energy infrastructure. Stationary systems play a critical role in various sectors, including power grids, commercial buildings, and residential settings. These systems contribute to grid stability, manage peak demand, and support the integration of renewable energy sources by storing excess energy during periods of low demand and releasing it when demand is high. Stationary energy storage solutions, such as lithium-ion batteries and pumped hydro, are widely deployed for applications such as load shifting, backup power, and enhancing the reliability of electrical grids. As the demand for resilient and sustainable energy solutions continues to grow, stationary applications remain at the forefront of the energy storage industry.

While the transportation application holds a significant share in the energy storage industry, it is often surpassed by the stationary sector. Transportation applications primarily involve electric vehicles (EVs) and their energy storage systems, mainly lithium-ion batteries. The rising global interest in electric mobility, driven by environmental concerns and government initiatives, has led to increased adoption of energy storage solutions for electric vehicles. Lithium-ion batteries, with their high energy density and efficiency, dominate the electric vehicle market. The transportation segment continues to advance with ongoing research and development, aiming to enhance the energy storage capacity, charging speed, and overall performance of batteries in electric vehicles, contributing to the sustainable transformation of the transportation sector.

Breakup by End-User:

Residential

Non-Residential

Utilities

Utilities represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end-user. This includes residential, non-residential, and utilities. According to the report, utilities represented the largest segment.

Utilities stand out as the leading market segment in the energy storage industry, commanding a significant share. As the energy landscape transforms renewable sources and grid modernization, utilities leverage energy storage to enhance grid stability, manage peak demand, and integrate fluctuating renewable energy generation. Large-scale energy storage projects, such as grid-scale batteries and pumped hydro, are deployed by utilities to store excess energy during periods of low demand and release it when demand is high. This application contributes to the optimization of power generation, transmission, and distribution, fostering a more resilient and sustainable energy infrastructure. Utilities play a pivotal role in shaping the energy storage market by implementing innovative storage solutions that address the challenges of grid balancing and contribute to the efficient use of renewable energy resources.

The non-residential segment encompasses a diverse range of applications, including commercial, industrial, and institutional settings. Non-residential end-users deploy these storage systems for various purposes, such as peak shaving, demand response, and ensuring uninterrupted power supply. In commercial and industrial facilities, energy storage solutions contribute to cost savings by reducing electricity bills during peak demand periods and providing backup power during outages. Additionally, institutions, such as hospitals and educational facilities, utilize energy storage to enhance energy resilience and ensure continuous operation. The non-residential sector's adoption of energy storage is driven by a combination of economic benefits, sustainability goals, and the need for reliable power in critical infrastructure.

The residential segment focuses on energy storage solutions for individual households. Homeowners deploy residential systems, often in the form of batteries, to store excess energy generated from renewable sources like solar panels. These systems enable homeowners to optimize their energy consumption, reduce reliance on the grid during peak hours, and enhance overall energy independence. The residential sector plays a crucial role in decentralized energy generation and storage, contributing to a more distributed and resilient energy landscape. As residential energy storage becomes more affordable and accessible, homeowners are increasingly adopting these solutions to manage their energy usage efficiently and contribute to sustainability goals.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest energy storage systems market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific takes the lead in driving the market, holding the largest market share. The region's dominance can be attributed to rapid urbanization, burgeoning industrial activities, and a strong emphasis on sustainable energy solutions. Government initiatives and policies supporting renewable energy adoption and grid modernization play a crucial role in propelling the energy storage market forward. Additionally, Asia Pacific experiences a high demand for reliable and efficient energy storage solutions due to the growing population and increasing energy consumption. The region's commitment to achieving energy security, coupled with advancements in battery technologies and a robust manufacturing ecosystem, positions Asia Pacific as a key driver in shaping the future of the global market.

In North America, the market is driven by a combination of factors, including a focus on grid resiliency, renewable energy integration, and the need for energy storage to support electric vehicle infrastructure. The United States, in particular, exhibits a strong push for clean energy initiatives, driving investments in various energy storage projects.

In Europe, the market is expanding due to ambitious renewable energy targets, energy storage incentives, and policies promoting sustainability. The European Union's commitment to achieving carbon neutrality further accelerates the deployment of energy storage technologies across the continent.

Latin America is witnessing growth in the energy storage market, driven by increasing electrification efforts, renewable energy projects, and a push for grid stability. The region's abundant renewable resources, such as solar and wind, contribute to the growing interest in energy storage solutions.

The Middle East and Africa are gradually embracing these storage systems to meet the rising energy demands, enhance grid reliability, and integrate renewable energy sources into their energy mix. Government initiatives and diversification strategies play a pivotal role in driving energy storage adoption across this region.

Leading Key Players in the Energy Storage Systems Industry:

The key players in the market are driving growth through strategic initiatives, technological advancements, and sustainable solutions. These companies invest heavily in research and development to enhance the efficiency, capacity, and reliability of energy storage technologies. Advancements in battery chemistries, such as lithium-ion and solid-state batteries, are a focal point for these players, enabling higher energy density and longer cycle life. Moreover, strategic partnerships, collaborations, and acquisitions are key strategies employed by major players to expand their market presence and capabilities. These collaborations often involve utility companies, technology providers, and government agencies, fostering the integration of energy storage into diverse applications, from grid-scale projects to residential solutions. Key players also contribute to the market by championing sustainable energy practices, promoting the use of renewable energy sources, and supporting the development of eco-friendly storage solutions.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Altair Nanotechnologies Inc.

Eguana Technologies

Electrovaya Inc.

Exide Industries Limited

Furukawa Electric Co. Ltd.

General Electric Company

Kokam Ltd.

LG Chem Ltd.

Saft (TotalEnergies SE)

Samsung SDI Co. Ltd.

Schneider Electric SE

Showa Denko K. K.

Tata Power Company Limited.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

November 22, 2023: Eguana Technologies announced that it has entered into a multi-year Virtual Power Plant (VPP) Referral and Promotion partnership with a long-time utility partner, to deploy Eguana's Energy Storage Solutions (ESS) to Australian electricity customers.

January 5, 2024: Electrovaya Inc. announced that management is participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9th and 10th, 2024.

January 18, 2024: Furukawa Electric Co. Ltd. entered into a new share subscription agreement for an approximately 10 Million pound investment in Tokamak Energy Ltd. (Head office: Oxford, UK, CEO: Warrick Mathews).

Key Questions Answered in This Report

  • 1. What was the size of the global energy storage systems market in 2023?
  • 2. What is the expected growth rate of the global energy storage systems market during 2024-2032?
  • 3. What has been the impact of COVID-19 on the global energy storage systems market?
  • 4. What are the key factors driving the global energy storage systems market?
  • 5. What is the breakup of the global energy storage systems market based on the technology?
  • 6. What is the breakup of the global energy storage systems market based on the application?
  • 7. What is the breakup of the global energy storage systems market based on end user?
  • 8. What are the key regions in the global energy storage systems market?
  • 9. Who are the key players/companies in the global energy storage systems market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Energy Storage Systems Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Technology

  • 6.1 Pumped Hydro
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Electrochemical Storage
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Electromechanical Storage
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Thermal Storage
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Stationary
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Transportation
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by End User

  • 8.1 Residential
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Non-Residential
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Utilities
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Altair Nanotechnologies Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Eguana Technologies
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Electrovaya Inc.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Exide Industries Limited
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
    • 14.3.5 Furukawa Electric Co. Ltd.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 General Electric Company
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Kokam Ltd.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 LG Chem Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Saft (TotalEnergies SE)
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Samsung SDI Co. Ltd.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Schneider Electric SE
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Showa Denko K. K.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Tata Power Company Limited
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Energy Storage Systems Market: Major Drivers and Challenges
  • Figure 2: Global: Energy Storage Systems Market: Volume Trends (in GW), 2018-2023
  • Figure 3: Global: Energy Storage Systems Market Forecast: Volume Trends (in GW), 2024-2032
  • Figure 4: Global: Energy Storage Systems Market: Value Trends (in Billion US$), 2018-2023
  • Figure 5: Global: Energy Storage Systems Market Forecast: Value Trends (in Billion US$), 2024-2032
  • Figure 6: Global: Energy Storage Systems Market: Breakup by Technology (in %), 2023
  • Figure 7: Global: Energy Storage Systems Market: Breakup by Application (in %), 2023
  • Figure 8: Global: Energy Storage Systems Market: Breakup by End User (in %), 2023
  • Figure 9: Global: Energy Storage Systems Market: Breakup by Region (in %), 2023
  • Figure 10: Global: Energy Storage Systems (Pumped Hydro) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 11: Global: Energy Storage Systems (Pumped Hydro) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 12: Global: Energy Storage Systems (Electrochemical Storage) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 13: Global: Energy Storage Systems (Electrochemical Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 14: Global: Energy Storage Systems (Electromechanical Storage) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 15: Global: Energy Storage Systems (Electromechanical Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 16: Global: Energy Storage Systems (Thermal Storage) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 17: Global: Energy Storage Systems (Thermal Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 18: Global: Energy Storage Systems (Stationary) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 19: Global: Energy Storage Systems (Stationary) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 20: Global: Energy Storage Systems (Transportation) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 21: Global: Energy Storage Systems (Transportation) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 22: Global: Energy Storage Systems (Residential) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 23: Global: Energy Storage Systems (Residential) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 24: Global: Energy Storage Systems (Non-Residential) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 25: Global: Energy Storage Systems (Non-Residential) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 26: Global: Energy Storage Systems (Utilities) Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 27: Global: Energy Storage Systems (Utilities) Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 28: North America: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 29: North America: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 30: United States: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 31: United States: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 32: Canada: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 33: Canada: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 34: Asia-Pacific: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 35: Asia-Pacific: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 36: China: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 37: China: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 38: Japan: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 39: Japan: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 40: India: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 41: India: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 42: South Korea: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 43: South Korea: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 44: Australia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 45: Australia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 46: Indonesia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 47: Indonesia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 48: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 49: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 50: Europe: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 51: Europe: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 52: Germany: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 53: Germany: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 54: France: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 55: France: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 56: United Kingdom: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 57: United Kingdom: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 58: Italy: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 59: Italy: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 60: Spain: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 61: Spain: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 62: Russia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 63: Russia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 64: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 65: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 66: Latin America: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 67: Latin America: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 68: Brazil: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 69: Brazil: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 70: Mexico: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 71: Mexico: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 72: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 73: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 74: Middle East and Africa: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
  • Figure 75: Middle East and Africa: Energy Storage Systems Market: Breakup by Country (in %), 2023
  • Figure 76: Middle East and Africa: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
  • Figure 77: Global: Energy Storage Systems Industry: SWOT Analysis
  • Figure 78: Global: Energy Storage Systems Industry: Value Chain Analysis
  • Figure 79: Global: Energy Storage Systems Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Energy Storage Systems Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Energy Storage Systems Market Forecast: Breakup by Technology (in Million US$), 2024-2032
  • Table 3: Global: Energy Storage Systems Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Energy Storage Systems Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 5: Global: Energy Storage Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Energy Storage Systems Market: Competitive Structure
  • Table 7: Global: Energy Storage Systems Market: Key Players