As per the 2019 edition of the BP Statistical Review of World Energy report, in 2018, the worldwide demand for energy grew by 2.9%, which was significantly higher than the previous 10 years’ average of 1.5%. This was a result of the increasing population around the world, especially in Asia-Pacific (APAC) and Latin America, which is leading to the rising demand for residential, commercial, and industrial infrastructure. With the rising consumption of electricity, the emission of greenhouse gases (GHG) has also increased, finally reducing in 2019, as per the International Energy Agency (IEA).
The IEA credits this decline in GHG emissions to the increasing usage of electricity generated from the sun, wind, and nuclear reactors. On the basis of such factors, P&S Intelligence has forecast rapid growth for the mechanical energy storage market around the world for the next 5–10 years. Though renewable energy is the best alternative, currently, to fossil-fuel-based energy, its output is not always reliable, which creates the need for efficient methods of energy storage. Among these, mechanical energy storage methods are rapidly becoming popular, as setting up these systems is more-cost-effective than others, including thermal, electromechanical, and chemical.
Currently, Asia-Pacific (APAC) accounts for the highest mechanical energy storage capacity, as India and China are two of the global leaders in producing and using renewable energy. The India Energy Storage Alliance (IESA) says that by 2025, India will account for a total energy storage capacity of 300 Gigawatt-hours (GWh), for which an investment of $3 billion would be required. Similarly, driven by the U.S., the installation of such systems would also be quite significant in North America. In 2017, though the U.S. had an electricity generation capacity of 4 billion Megawatt-hours (MWh), it could only store 431 MWh.
Thus, with the focus on renewable energy increasing and mechanical energy storage systems providing a cost-effective way of enhancing the output, their installation rate is expected to keep surging in the coming years.
The Next Generation Energy Storage Systems market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Next Generation Energy Storage Systems.This report presents the worldwide Next Generation Energy Storage Systems market size (value, production and consumption), splits the breakdown (data status 2014–2019 and forecast to 2025), by manufacturers, region, type and application.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-next-generation-energy-storage-systems-2025-713This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.The following manufacturers are covered in this report:EnerG2, Inc.Energy Storage Systems Inc.AES CorporationBYD Company LimitedBeckett Energy SystemsLi-Tech Battery GmbHEnersysEnphase EnergyEos Energy StorageFlexGen Power SystemsLeidos Engineering, LLC.Lockheed Martin CorporationS Electric CompanySanyo SASB LiMotive Germany GmbHSeeo, Inc.UniEnergy Technologies, LLC.Valence Technology, Inc.ZBB Energy CorporationNext Generation Energy Storage Systems Breakdown Data by TypeBatteriesFuel CellsFlywheelsUltracapacitorsEnergy GridsOthersNext Generation Energy Storage Systems Breakdown Data by ApplicationElectronicsTransport and AutomotiveOil and GasManufacturingMilitaryOthersNext Generation Energy Storage Systems Production by RegionUnited StatesEuropeChinaJapanOther RegionsNext Generation Energy Storage Systems Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceThe study objectives are:To analyze and research the global Next Generation Energy Storage Systems status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Next Generation Energy Storage Systems manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Next Generation Energy Storage Systems :History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019–2025This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Next Generation Energy Storage Systems market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Get the Complete Report & TOC @ https://www.grandresearchstore.com/manufacturing-and-construction/global-next-generation-energy-storage-systems-2025-713Table of content1 Study Coverage1.1 Next Generation Energy Storage Systems Product1.2 Key Market Segments in This Study1.3 Key Manufacturers Covered1.4 Market by Type1.4.1 Global Next Generation Energy Storage Systems Market Size Growth Rate by Type1.4.2 Batteries1.4.3 Fuel Cells1.4.4 Flywheels1.4.5 Ultracapacitors1.4.6 Energy Grids1.4.7 Others1.5 Market by Application1.5.1 Global Next Generation Energy Storage Systems Market Size Growth Rate by Application1.5.2 Electronics1.5.3 Transport and Automotive1.5.4 Oil and Gas1.5.5 Manufacturing1.5.6 Military1.5.7 Others1.6 Study Objectives1.7 Years Considered2 Executive Summary2.1 Global Next Generation Energy Storage Systems Market Size2.1.1 Global Next Generation Energy Storage Systems Revenue 2014–20252.1.2 Global Next Generation Energy Storage Systems Production 2014–20252.2 Next Generation Energy Storage Systems Growth Rate (CAGR) 2019–20252.3 Analysis of Competitive Landscape2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)2.3.2 Key Next Generation Energy Storage Systems Manufacturers2.3.2.1 Next Generation Energy Storage Systems Manufacturing Base Distribution, HeadquartersCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
