The report
“Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed
Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage
& Transportation), & Geography – Global Trends & Forecast to 2018” by
MarketsandMarkets is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with report name in subject line
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answered.
Advanced energy storage is an
important element with respect to the future electrical needs and energy
efficiency measures. Conventionally, electricity is consumed soon after being
generated as there are no effective technologies to store electricity in the
required quantities. With emerging technologies, this phenomenon is improving
with continuously improved energy densities and capital costs. Although, pumped
hydro storage technology,which is more than 100 years old and by far the most
prominent of all available technologies, is operational across the world,
itstill depends on the availability of natural resources (water bodies) for
being set up limiting the scope of application.
Complete report available @ http://www.rnrmarketresearch.com/advanced-energy-storage-systems-market-by-technology-pumped-hydro-compressed-air-batteries-flywheels-supercapacitors-by-applications-grid-storage-transportation-geography-global-trends-market-report.html
.
Numerous technologies, other than
pumped hydro storage with different capabilities, are now in the market with
continuous research and development in progress. These include compressed air
energy storage, batteries, supercapacitors, fuel cells, and flywheels. Emerging
and developing technologies include hydrogen storage, super magnets and
synthetic gas.
Pumped hydro storage technology,relatively,has longer discharge times
and longer life, and are hence more widely used in the grid storage for load
balancing and peak shaving. Similarly, NaS batteriesare also used for load
balancing and time sharing. Other systems, such as flywheels, that have shorter
discharge times are used in frequency regulation on the grid. Also, the
advancement of lithium-ion batteries, in terms of cost reduction and efficiency
improvement, is driving the electric vehicles market, globally.
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Globally, the advanced energy storage systems market, including grid
storage and transportation, is expected to grow at a CAGR of 10% in the next
five years and reach $10.3 billion by 2018. The key growth drivers being,
growing renewable energy source implementation all over the world, new
transmission and distribution grid construction and upgrade across major
countries, smart grid installation, and encouraging demand for electric and
hybrid vehicles in most of the developed and developing countries.
The ‘Advanced Energy Storage Systems Market’ report highlights and
classifies important technologies in the market. It also briefs out energy
storage market by key applications as grid storage and transportation and
classifies it by geography into Asia-Pacific, Europe, North America, and ROW
regions. It presents the current and projected markets of grid storage, battery
storage and supercapactiors. The report also includes profiles of battery manufacturers
and presents a landscape of recent developments by these battery market giants.
For this study, key market players were identified through secondary and
primary research activities.
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4 Market
Overview
4.1 Introduction
4.1.1 Classification of Advanced Energy Storage Systems
4.1.2 Pumped Hydro (Phs)
4.1.3 Compressed Air Energy Storage (CAES)
4.1.4 Batteries
4.1.5 Fuel Cells
4.1.6 Flywheels
4.1.7 Superconducting Magnets (SMES)
4.1.8 Supercapacitors
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Energy Arbitrage
4.2.1.2 Renewable Policies
4.2.1.3 Growing Electric Vehicle Market
4.2.2 Restraints
4.2.2.1 Environmental Issues
4.2.2.2 High Capital Investment
4.2.3 Opportunities
4.2.3.1 Increasing Renewable Energy Installation in Europe
4.2.3.2 Growing Investments in Global Transmission and Distribution Grid
4.3 Winning Imperatives
4.3.1 Investment in Research & Development
4.4 Burning Issues
4.4.1 Cost of Battery
4.5 Porter’s Five Forces Analysis
4.5.1 Battery Storage
4.5.1.1 Threat of New Entrants
4.5.1.2 Threat of Substitutes
4.5.1.3 Suppliers’ Power
4.5.1.4 Buyers’ Power
4.5.1.5 Degree of Competition
4.5.2 Pumped Hydro Storage
4.5.2.1 Threat of New Entrants
4.5.2.2 Threat of Substitutes
4.5.2.3 Suppliers’ Power
4.5.2.4 Buyers’ Power
4.5.2.5 Degree of Competition
4.1 Introduction
4.1.1 Classification of Advanced Energy Storage Systems
4.1.2 Pumped Hydro (Phs)
4.1.3 Compressed Air Energy Storage (CAES)
4.1.4 Batteries
4.1.5 Fuel Cells
4.1.6 Flywheels
4.1.7 Superconducting Magnets (SMES)
4.1.8 Supercapacitors
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Energy Arbitrage
4.2.1.2 Renewable Policies
4.2.1.3 Growing Electric Vehicle Market
4.2.2 Restraints
4.2.2.1 Environmental Issues
4.2.2.2 High Capital Investment
4.2.3 Opportunities
4.2.3.1 Increasing Renewable Energy Installation in Europe
4.2.3.2 Growing Investments in Global Transmission and Distribution Grid
4.3 Winning Imperatives
4.3.1 Investment in Research & Development
4.4 Burning Issues
4.4.1 Cost of Battery
4.5 Porter’s Five Forces Analysis
4.5.1 Battery Storage
4.5.1.1 Threat of New Entrants
4.5.1.2 Threat of Substitutes
4.5.1.3 Suppliers’ Power
4.5.1.4 Buyers’ Power
4.5.1.5 Degree of Competition
4.5.2 Pumped Hydro Storage
4.5.2.1 Threat of New Entrants
4.5.2.2 Threat of Substitutes
4.5.2.3 Suppliers’ Power
4.5.2.4 Buyers’ Power
4.5.2.5 Degree of Competition
