Advanced Energy Storage Systems Market by Application (Transportation, and Grid Storage), by Technology (Lithium ion Battery, PHS, NaS Battery, CAES, Flow Battery, Supercapacitors, and Others), by End User & by Region - Global Forecast to 2020

 Published On: Dec, 2015 |    No of Pages: 169 |  Published By: MarketsandMarkets | Format: PDF
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Advanced energy storage systems help in maintaining power quality, distribution reliability, energy management, and improvement of grid efficiency. The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as the primary power source in electric vehicles. Factors driving the energy storage systems market include energy arbitrage opportunities, increasing renewable energy installations, and growth in the electric vehicles market globally.

The global energy storage systems market size was estimated to be around USD 12.89 Billion in 2015, and is expected to grow at a CAGR of 4.4% during the forecast period.

The energy storage systems market has been segmented on the basis of its application, technology, end-user, and region. The years considered for the study include:

- Base Year – 2014
- Estimated Year – 2015
- Projected Year – 2020
- Forecast Period – 2015 to 2020

For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Department of Energy: energy storage project database, Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of the energy storage systems market. The below points explain the research methodology.

- Analysis of all the operational and upcoming energy storage system projects across the globe along with capacity
- Analysis of country-wise growth rate of electric vehicles in the past three years
- Analysis of the grid storage projects across various regions
- Estimation of installation cost of energy storage systems in various regions using the cost variance models and secondary sources
- Estimation of capacity cost for energy storage systems and arriving at the total market size using market engineering process
- Analyzing market trends in various regions/ and countries supported by ongoing energy storage projects and electric vehicle initiatives undertaken in respective regions/ countries
- Overall market size values are finalized by triangulating the supply side data which include product developments, supply chain, and annual capacity additions of energy storage systems across the globe

Market Ecosystem:

The ecosystem in this market differs from technology to technology. The general market ecosystem consists of material procured for manufacturing the technology, packaging the system, adding power electronics control, integrating the system, and technology service providers. The system integration & technology service provider phases of the energy storage systems market eco system have some similar functions, such as smart grid integration, O&M support & services, and the role of an application solution provider.

Stakeholders:

The stakeholders include:

- Government and research organizations
- Associations and industrial bodies
- Solid state battery, electrochemical capacitor, and other energy storage technology manufacturers
- Grid operators
- Utility providers
- Energy storage research institutions
- Ratepayers
- State regulators
- Retail service providers
- End customers

Scope of the report:

By Application

- Transportation
- Grid Storage

By Technology

- Lithium ion Battery
- Pumped Hydro Storage
- NaS Battery
- Flow Battery
- CAES
- Supercapacitors
- Others

By End-Users

- Electric Vehicles
- Utility
- Residential & Non-Residential

By Region

- Asia-Pacific
- Europe
- North America
- Rest of the World (RoW)
TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.3.3 CURRENCY 18
1.3.4 PACKAGE SIZE 18
1.4 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 INTRODUCTION 19
2.2 MARKET SIZE ESTIMATION 20
2.3 BREAKDOWN OF PRIMARY INTERVIEWS 22
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.5 MARKET SHARE ESTIMATION 24
2.5.1 KEY DATA FROM SECONDARY SOURCES 24
2.5.2 KEY DATA FROM PRIMARY SOURCES 25
2.5.3 ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 31
4.1 ASIA-PACIFIC IS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 32
4.2 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION 33
4.3 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY 34
4.4 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY END-USER 34
4.5 ADVANCED ENERGY STORAGE SYSTEMS MARKET TECHNOLOGY VS. END-USER 35
4.6 LIFE CYCLE ANALYSIS, BY REGION 36

5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY APPLICATION 38
5.2.2 BY TECHNOLOGY 39
5.2.3 BY END-USER 39
5.2.4 BY REGION 40
5.3 MARKET DYNAMICS 40
5.3.1 DRIVERS 41
5.3.1.1 Energy arbitrage 41
5.3.1.2 Increasing renewable energy investments 41
5.3.1.3 Growing electric vehicle market 41
5.3.2 RESTRAINTS 42
5.3.2.1 Environmental issues 42
5.3.2.2 High capital investments 42
5.3.3 OPPORTUNITIES 43
5.3.3.1 Increasing renewable energy installations in Europe & China 43
5.3.4 CHALLENGES 43
5.3.4.1 Dynamic valuations 43
5.3.4.2 Regulatory treatment 43
5.3.4.3 Development risks 44
5.3.5 WINNING IMPERATIVES 44
5.3.5.1 Investment in research & development 44
5.3.6 BURNING ISSUES 45
5.3.6.1 Battery cost 45
5.4 VALUE CHAIN ANALYSIS 45
5.5 INDUSTRY TRENDS 46
5.6 PORTER’S FIVE FORCES ANALYSIS 47
5.6.1 PORTER’S FIVE FORCES ANALYSIS: BATTERY ENERGY STORAGE TECHNOLOGY 47
5.6.1.1 Threat of new entrants 47
5.6.1.2 Threat of substitutes 48
5.6.1.3 Bargaining power of suppliers 48
5.6.1.4 Bargaining power of buyers 48
5.6.1.5 Intensity of rivalry 49
5.6.2 PORTER’S FIVE FORCES ANALYSIS: PUMPED HYDRO ENERGY STORAGE TECHNOLOGY 49
5.6.2.1 Threat of new entrants 50
5.6.2.2 Threat of substitutes 50
5.6.2.3 Bargaining power of suppliers 50
5.6.2.4 Bargaining power of buyers 50
5.6.2.5 Intensity of rivalry 51

6 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION 52
6.1 INTRODUCTION 53
6.2 TRANSPORTATION 54
6.3 GRID STORAGE 55
 
7 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY 56
7.1 INTRODUCTION 57
7.2 LITHIUM ION BATTERY TECHNOLOGY 58
7.3 PUMPED HYDRO STORAGE TECHNOLOGY 59
7.4 NAS BATTERY STORAGE TECHNOLOGY 60
7.5 CAES ENERGY STORAGE TECHNOLOGY 61
7.6 FLOW BATTERY ENERGY STORAGE TECHNOLOGY 62
7.7 SUPER CAPACITORS ENERGY STORAGE TECHNOLOGY 63

8 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY END-USER 64
8.1 INTRODUCTION 65
8.2 ELECTRIC VEHICLES 66
8.3 UTILITY 67
8.4 RESIDENTIAL & NON-RESIDENTIAL 68

9 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION 69
9.1 INTRODUCTION 70
9.2 ASIA-PACIFIC 72
9.2.1 JAPAN 75
9.2.2 CHINA 76
9.2.3 SOUTH KOREA 78
9.2.4 INDIA 79
9.2.5 REST OF ASIA-PACIFIC 81
9.3 EUROPE 83
9.3.1 GERMANY 86
9.3.2 FRANCE 87
9.3.3 U.K. 89
9.3.4 REST OF EUROPE 90
9.4 NORTH AMERICA 92
9.4.1 U.S. 95
9.4.2 CANADA 96
9.5 REST OF THE WORLD 98
9.5.1 SOUTH AFRICA 100
9.5.2 BRAZIL 102

10 COMPETITIVE LANDSCAPE 104
10.1 OVERVIEW 105
10.2 MARKET SHARE ANALYSIS 106
10.3 COMPETITIVE SITUATION & TRENDS 107
10.4 MERGERS & ACQUISITIONS 108
10.5 NEW PRODUCT LAUNCHES 109
10.6 EXPANSIONS 110
10.7 DIVESTMENTS 111
10.8 AGREEMENTS 111
10.9 ALLIANCES 112
10.10 PARTNERSHIPS 112
10.11 JOINT VENTURES 113
10.12 OTHERS 114

11 COMPANY PROFILES 115 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 INTRODUCTION 115
11.3 ABB LIMITED 119
11.4 EXIDE TECHNOLOGIES 122
11.5 GS YUASA CORPORATION 125
11.6 SAMSUNG SDI, CO., LTD. 128
11.7 ENERSYS 132
11.8 NIPPON CHEMI-CON CORPORATION 135
11.9 SAFT 137
11.10 HITACHI LTD. 139
11.11 TOSHIBA CORPORATION 141
11.12 BYD COMPANY LTD. 143
11.13 NGK INSULATORS LTD. 145
11.14 BEACON POWER LLC. 147
11.15 CALMAC MANUFACTURING CORP. 149
11.16 A123 SYSTEMS 150
11.17 MAXWELL TECHNOLOGIES INC. 152
11.18 CHINA BAK BATTERIES, INC. 154

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
 
12 APPENDIX 156
12.1 KEY INDUSTRY INSIGHTS 156
12.2 DISCUSSION GUIDE 157
12.3 KEY PLAYERS DEVELOPMENTS 161
12.3.1 MERGERS & ACQUISITIONS, 2012-2013 161
12.3.2 NEW PRODUCT LAUNCHES 161
12.3.3 EXPANSIONS 163
12.3.4 AGREEMENTS 163
12.3.5 OTHERS 164
12.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 165
12.5 AVAILABLE CUSTOMIZATIONS 167
12.6 RELATED REPORTS 167

LIST OF TABLES

TABLE 1 INDUSTRIALIZATION & URBANIZATION ARE THE DRIVING FORCES OF THE MARKET 42
TABLE 2 HIGH CAPITAL INVESTMENTS IS THE MAJOR RESTRAINING FORCE OF THE MARKET 42
TABLE 3 INCREASING RENEWABLES INSTALLATIONS IN EUROPE & CHINA IS THE KEY OPPORTUNITY FOR THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 43
TABLE 4 DEVELOPMENT RISKS IS THE MAJOR CHALLENGE FOR THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 44
TABLE 5 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 53
TABLE 6 TRANSPORTATION MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 54
TABLE 7 GRID STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 55
TABLE 8 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013–2020 (USD MILLION) 57
TABLE 9 LITHIUM ION BATTERY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 58
TABLE 10 PUMPED HYDRO STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 59
TABLE 11 NAS BATTERY STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 60
TABLE 12 CAES ENERGY STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 61
TABLE 13 FLOW BATTERY ENERGY STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 62
TABLE 14 SUPERCAPACITOR ENERGY STORAGE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 63
TABLE 15 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013–2020 (USD MILLION) 65
TABLE 16 ELECTRIC VEHICLES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 17 UTILITY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 18 RESIDENTIAL & NON-RESIDENTIAL MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 68
TABLE 19 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2013–2020 (USD MILLION) 71
TABLE 20 ASIA-PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 73
TABLE 21 ASIA-PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 73
TABLE 22 ASIA-PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 74
TABLE 23 ASIA-PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 74
TABLE 24 JAPAN: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION 75
TABLE 25 JAPAN: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 75
TABLE 26 JAPAN: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 76
TABLE 27 CHINA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION 76
TABLE 28 CHINA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 77
TABLE 29 CHINA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 77
TABLE 30 SOUTH KOREA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 78
TABLE 31 SOUTH KOREA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 78
TABLE 32 SOUTH KOREA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 79
TABLE 33 INDIA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 79
TABLE 34 INDIA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 80
TABLE 35 INDIA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 80
TABLE 36 REST OF ASIA-PACIFIC: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION 81
TABLE 37 REST OF ASIA-PACIFIC: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 81
TABLE 38 REST OF ASIA-PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 82
TABLE 39 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 84
TABLE 40 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 84
TABLE 41 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 85
TABLE 42 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 85
TABLE 43 GERMANY: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 86
TABLE 44 GERMANY: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 86
TABLE 45 GERMANY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 87
TABLE 46 FRANCE: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 87
TABLE 47 FRANCE: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 88
TABLE 48 FRANCE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 88
TABLE 49 U.K.: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 89
TABLE 50 U.K.: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 89
TABLE 51 U.K.: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 90
TABLE 52 REST OF EUROPE: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 90
TABLE 53 REST OF EUROPE: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 91
TABLE 54 REST OF EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 91
TABLE 55 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 93
TABLE 56 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 93
TABLE 57 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 94
TABLE 58 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 94
TABLE 59 U.S.: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 95
TABLE 60 U.S.: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 95
TABLE 61 U.S.: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 96
TABLE 62 CANADA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 96
TABLE 63 CANADA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 97
TABLE 64 CANADA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 97
TABLE 65 ROW: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 98
TABLE 66 ROW: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 99
TABLE 67 ROW: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 99
TABLE 68 ROW: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 100
TABLE 69 SOUTH AFRICA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 100
TABLE 70 SOUTH AFRICA: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 101
TABLE 71 SOUTH AFRICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 101
TABLE 72 BRAZIL: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 102
TABLE 73 BRAZIL: ADVANCED ENERGY SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION) 102
TABLE 74 BRAZIL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION) 103
TABLE 75 MERGERS & ACQUISITIONS, 2014-2015 108
TABLE 76 NEW PRODUCT LAUNCHES 109
TABLE 77 DIVESTMENTS, 2014 111
TABLE 78 AGREEMENTS, 2011-2015 111
TABLE 79 ALLIANCES, 2015-2012 112
TABLE 80 PARTNERSHIPS, 2013-2014 112
TABLE 81 JOINT VENTURES, 2014-2015 113
TABLE 82 OTHERS, 2011-2015 114
TABLE 83 MERGERS & ACQUISITIONS 161
TABLE 84 NEW PRODUCT LAUNCHES 161
TABLE 85 EXPANSIONS 163
TABLE 86 AGREEMENTS 163
TABLE 87 OTHERS 164

LIST OF FIGURES

FIGURE 1 ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION 17
FIGURE 2 ADVANCED ENERGY STORAGE SYSTEMS MARKET: RESEARCH DESIGN 19
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 20
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 22
FIGURE 6 DATA TRIANGULATION METHODOLOGY 23
FIGURE 7 ELECTRIC VEHICLES SEGMENT IS EXPECTED TO DOMINATE THE ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING THE FORECAST PERIOD 28
FIGURE 8 THE TRANSPORTATION APPLICATION IS EXPECTED TO WITNESS THE MAXIMUM DEMAND DURING THE FORECAST PERIOD 28
FIGURE 9 ASIA-PACIFIC IS EXPECTED TO DOMINATE THE ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING THE FORECAST PERIOD 29
FIGURE 10 ASIA-PACIFIC ACCOUNTED FOR THE LARGEST MARKET SHARE IN ADVANCED ENERGY STORAGE SYSTEMS MARKET IN 2014 30
FIGURE 11 ATTRACTIVE MARKET OPPORTUNITIES IN THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 31
FIGURE 12 ROW IS EXPECTED TO GROW AT A HIGH CAGR DURING THE FORECAST PERIOD 32
FIGURE 13 THE TRANSPORTATION SEGMENT IS EXPECTED TO DOMINATE THE ADVANCED ENERGY STORAGE SYSTEMS MARKET IN THE NEXT FIVE YEARS 33
FIGURE 14 LITHIUM ION BATTERY TECHNOLOGY IS PROJECTED TO HOLD THE HIGHEST SHARE IN THE ADVANCED ENERGY STORAGE MARKET DURING THE FORECAST PERIOD 34
FIGURE 15 ELECTRIC VEHICLES SEGMENT IS EXPECTED TO DOMINATE THE AESS MARKET DURING THE FORECAST PERIOD 34
FIGURE 16 THE TRANSPORTATION SEGMENT HELD THE LARGEST MARKET SHARE IN 2014 35
FIGURE 17 ADVANCED ENERGY STORAGE SYSTEMS MARKET IN ROW IS EXPECTED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 36
FIGURE 18 ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION: BY APPLICATION 38
FIGURE 19 ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION: BY TECHNOLOGY 39
FIGURE 20 ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION: BY END-USER 39
FIGURE 21 ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION: BY REGION 40
FIGURE 22 ENERGY ARBITRAGE TO PROPEL THE GROWTH OF THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 40
FIGURE 23 INVESTMENT IN RENEWABLE ENERGY SOURCES, 2004-2014 (USD BILLION) 41
FIGURE 24 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING STORAGE SYSTEMS AND PACKAGES & SYSTEM INTEGRATION 45
FIGURE 25 PORTER’S FIVE FORCES ANALYSIS: BATTERY ENERGY STORAGE TECHNOLOGY 47
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: PUMPED HYDRO ENERGY STORAGE TECHNOLOGY 49
FIGURE 27 TRANSPORTATION APPLICATION IS PROJECTED TO GROW RAPIDLY 53
FIGURE 28 EUROPE IS EXPECTED TO DRIVE THE GROWTH OF ADVANCED ENERGY STORAGE SYSTEMS IN TRANSPORTATION APPLICATION 54
FIGURE 29 ASIA-PACIFIC IS EXPECTED TO DOMINATETHE GRID STORAGE IN THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 55
FIGURE 30 CAES ADVANCED ENERGY STORAGE SYSTEMS MARKET IS PROJECTED TO GROW RAPIDLY 57
FIGURE 31 NORTH AMERICA IS EXPECTED TO GROW RAPIDLY IN THE LITHIUM ION BATTERY SYSTEMS MARKET DURING THE FORECAST PERIOD 58
FIGURE 32 EUROPE IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE PUMPED HYDRO STORAGE SYSTEMS MARKET DURING THE FORECAST PERIOD 59
FIGURE 33 NORTH AMERICA IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE NAS BATTERY MARKET DURING THE FORECAST PERIOD 60
FIGURE 34 NORTH AMERICA IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE CAES ENERGY STORAGE MARKET DURING THE FORECAST PERIOD 61
FIGURE 35 ASIA PACIFIC IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE FLOW BATTERY ENERGY STORAGE MARKET DURING THE FORECAST PERIOD 62
FIGURE 36 EUROPE IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE SUPERCAPACITOR ENERGY STORAGE MARKET DURING THE FORECAST PERIOD 63
FIGURE 37 ELECTRIC VEHICLE END-USER SEGMENT IS PROJECTED TO GROW RAPIDLY IN THE FORECAST PERIOD 65
FIGURE 38 EUROPE IS EXPECTED TO DRIVE THE GROWTH OF ADVANCED ENERGY STORAGE SYSTEMS IN ELECTRIC VEHICLES SEGMENT 66
FIGURE 39 ASIA-PACIFIC DOMINATES THE UTILITY SEGMENT IN ADVANCED ENERGY STORAGE SYSTEMS MARKET 67
FIGURE 40 ASIA-PACIFIC DOMINATES THE RESIDENTIAL & NON-RESIDENTIAL SEGMENT IN ADVANCED ENERGY STORAGE SYSTEMS MARKET 68
FIGURE 41 REGIONAL SNAPSHOT (2015) –ADVANCED ENERGY STORAGE SYSTEMS MARKET IS ESTIMATED TO GROW RAPIDLY IN CANADA 70
FIGURE 42 CHINA –THE BIGGEST EMERGING MARKET AS BOTH TRANSPORTATION & GRID STORAGE APPLICATIONS ARE GAINING TRACTION DURING THE FORECAST PERIOD 71
FIGURE 43 ASIA-PACIFIC ADVANCED ENERGY STORAGE SYSTEMS MARKET SNAPSHOT (2015)- CHINA IS EXPECTED TO BECOME THE LARGEST MARKET IN THE REGION 72
FIGURE 44 EUROPE MARKET SNAPSHOT (2015): THE TRANSPORTATION SEGMENT IS EXPECTED TO DRIVE THE ADVANCED ENERGY STORAGE SYSTEMS MARKET IN EUROPE 83
FIGURE 45 NORTH AMERICA: MARKET SNAPSHOT (2015): THE U.S. HOLDS THE MAJOR SHARE IN THE NORTH AMERICAN ADVANCED ENERGY STORAGE SYSTEMS MARKET 92
FIGURE 46 NEED FOR ENERGY SECURITY IS THE MAJOR DRIVER OF THE ADVANCED ENERGY STORAGE SYSTEMS MARKET IN THE REST OF THE WORLD 98
FIGURE 47 COMPANIES ADOPTED PRODUCT INNOVATION AS THE KEY GROWTH STRATEGY 105
FIGURE 48 ADVANCED ENERGY STORAGE SYSTEMS MARKET SHARE, BY KEY PLAYERS, 2014 106
FIGURE 49 ADVANCED ENERGY STORAGE SYSTEMS MARKET DEVELOPMENT TRENDS (2011- 2014) 107
FIGURE 50 ADVANCED ENERGY STORAGE SYSTEMS MARKET SHARE: NEW PRODUCT LAUNCH WAS THE KEY STRATEGY (2010 - 2015) 108
FIGURE 51 REGIONAL REVENUE MIX OF THE TOP 5 MARKET PLAYERS 115
FIGURE 52 LG CHEM. LTD.: COMPANY SNAPSHOT 116
FIGURE 53 ABB LIMITED: COMPANY SNAPSHOT 119
FIGURE 54 EXIDE TECHNOLOGIES: COMPANY SNAPSHOT 122
FIGURE 55 GS YUASA CORPORATION: COMPANY SNAPSHOT 125
FIGURE 56 SAMSUNG SDI, CO., LTD.: COMPANY SNAPSHOT 128
FIGURE 57 ENERSYS: COMPANY SNAPSHOT 132
FIGURE 58 NIPPON CHEMI-CON CORPORATION: COMPANY SNAPSHOT 135
FIGURE 59 SAFT: COMPANY SNAPSHOT 137
FIGURE 60 HITACHI LTD.: COMPANY SNAPSHOT 139
FIGURE 61 TOSHIBA CORPORATION: COMPANY SNAPSHOT 141
FIGURE 62 BYD COMPANY LTD.: COMPANY SNAPSHOT 143
FIGURE 63 NGK INSULATORS LTD.: COMPANY SNAPSHOT 145
FIGURE 64 MAXWELL TECHNOLOGIES INC.: COMPANY SNAPSHOT 152
FIGURE 65 CHINA BAK BATTERIES, INC.: COMPANY SNAPSHOT 154

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