Global Advanced Energy Storage Systems Market Information Report by Technology (Batteries, Flywheels, Compressed Air Storage, Thermal, Pumped Hydro-power and others), by Application (Power, Automotive and others), and by Region - Forecast to 2027
Pune, India - April 24, 2018 /MarketersMedia/ —
Global Advanced Energy Storage Systems Market – Overview
Advanced Energy Storage Systems are gaining importance following heightened demand for dealing with various kinds of energy sources. Focused Market reports connected to the energy and power sector among others lately have been made available by Market Research Future which publishes a report on this sector. The industry is expected to expand at a CAGR of 20.18 percent approximately in the forecast period.
The requirement for Advanced Energy Devices has increased significantly due to the energy crises that are being faced currently. The need for controlling emissions that have increased as a result of the pollution in the environment have increased the demand considerably for advanced energy storage systems. Reduced carbon footprint is one of the many benefits that can be derived from the adoption of advanced energy storage systems, which is responsible for fuelling market growth. Renewed and intensified focus of governments around the world by way of initiatives and investments has led to the expansion of the Advanced Energy Storage Systems Market significantly. Additionally, shift from fossil fuels to alternative sources of energy and intensifying concerns related to energy conservation is estimated to boost demand for Advanced Storage Systems Industry through the forecast period.
Industry Update:
Mar 2018 Superdielectrics and Rolls-Royce are planning to discover the potential of using polymers to make the next generation of high energy storage technology. The arrangement will bring together Superdielectrics’ novel hydrophilic polymers and Rolls-Royce along with its technical expertise and material science that have been displayed, in collaboration with researchers from the Universities of Bristol and Surrey, to have possibly outstanding energy storage properties. The companies are working with each other in the global race to develop advanced energy storage systems. This contract will provide them with access to their unparalleled technical and scientific expertise.
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Industry Segments
The Advanced Energy Storage Industry has been segmented into the segment of application, technology and region. On the basis of application the segment consists of automotive, power and others. The technology based segment of the industry includes flywheels, batteries, thermal, pumped hydro-power, compressed air storage and others. Lastly, the region wise segmentation of the industry includes Europe, North America, Asia Pacific and rest of the world.
Detailed Regional Analysis
The regional analysis of the Advanced Energy Storage System includes regions such as Asia Pacific, Europe, North America and rest of the world. The Asia Pacific region is anticipated to dominate the Advanced Energy Storage Market with major manufacturing and infrastructural activities being undertaken in this region. High growth rates observed in the electric vehicles market in this region is another factor which is contributing to the growth of the Advanced Energy Storage System Market.
Global Competitive Analysis
Competitors who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This scenario has created opportunities for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.
Yuasa Corporation (Japan), Siemens A.G. (Germany), Samsung SDI Co. Ltd. (South Korea), Toshiba Corporation (Japan), Hitachi Limited (Japan), ABB Limited (Switzerland), Alstom (France) are a few of the major players that will contribute towards shaping the market.
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Contact Info:
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Organization: Market Research Future
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Source: MarketersMedia
Release ID: 335979
