Advanced Energy Storage Systems Market by Technology (Electro Chemical Technology, Mechanical Technology, Thermal Storage Technology), by Application (Transportation and Grid Storage), and Region - Global Forecast to 2022

 Published On: Aug, 2017 |    No of Pages: 159 |  Published By: MarketsandMarkets | Format: PDF
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The advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022

The advanced energy storage systems market is projected to reach USD 19.04 billion by 2022, at a CAGR of 8.38%, from 2017 to 2022. The increasing renewable energy investments, reducing costs lithium-ion battery, and electrification of the transportation sector are the major drivers of the advanced energy storage systems market.

High capital requirement for some of the technologies, hazardous environmental impact of batteries, and lack of common codes and standards in the energy storage industry could hinder the growth of the AESS market.

The lithium-ion sub-segment, within the technology segment, is expected to grow at the highest CAGR, from 2017 to 2022

The lithium-ion battery sub-segment, within the technology segment, is likely to grow at the highest CAGR, during 2017 to 2022. It led the electro chemical technology segment sector within the advanced energy storage systems market in 2016 and is projected to dominate the market during the forecast period.

This particular market is expected to grow in the future as a result of rapid growth in the electric vehicles market coupled with the falling cost of these batteries. Furthermore, technological advancements and the rapid involvement of domestic manufacturers to cater to the varied applications demand for lithium-ion batteries are some of the reasons behind the segment’s strong hold in the market.

Asia Pacific: The largest market for advanced energy storage systems

The market in Asia Pacific is currently the largest market for advanced energy storage systems, followed by North America. The market in Asia Pacific is primarily driven by China and Japan. China has a major share in the world’s electric vehicle market, which makes it a key market for lithium-ion batteries.  

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 31%, Tier 2- 22%, and Tier 3- 47%
• By Designation: C-Level- 37%, Manager-Level- 34%, and D-Level- 29%
• By Region: North America- 23%, Europe- 29%, Asia Pacific- 34%, and RoW- 14%

Notes: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier 1=>USD 5 billion, Tier 2=from USD 1 billion to USD 5 billion, and Tier 3=<USD 1 billion

RoW is the rest of the world

Leading players in the advanced energy storage systems market include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), General Electric Company (US), Samsung SDI Co ltd. (South Korea), GS Yuasa Corporation (Japan), Siemens Ltd. (Germany), Panasonic Corporation (Japan), CALMAC (US), Baltimore Aircoil Company, Inc (US), Tesla Inc. (US), Evapco, Inc. (US), Saft Groupe S.A (France), Hitachi Ltd (Japan), and BYD Company Ltd (China).

Research Coverage:

The report defines, describes, and forecasts the global advanced energy storage systems market by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market.

Why buy this report?

• The report identifies and addresses key technology providers for advanced energy storage systems which would help service providers, review the growth in the demand for services.
• The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
• The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE ADVANCED ENERGY STORAGE SYSTEMS MARKET, 2017–2022 29
4.2 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2017-2022 30
4.3 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2017 & 2022 31
4.4 TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2017 & 2022 31
4.5 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2017 & 2022 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 34
5.2 TECHNOLOGY OVERVIEW 34
5.3 MARKET DYNAMICS 35
5.3.1 DRIVERS 35
5.3.1.1 Increasing renewable energy investments 35
5.3.1.2 Energy Arbitrage 36
5.3.1.3 Regulations demanding energy efficiency 36
5.3.1.4 Declining technology cost due to technology advancement and expanded deployment 37
5.3.1.5 Electrification of the transport sector 37
5.3.2 RESTRAINTS 38
5.3.2.1 High capital investments 38
5.3.2.2 Hazardous environmental impact 38
5.3.3 OPPORTUNITIES 38
5.3.3.1 Grid expansion and investment in the modern infrastructure 38
5.3.3.2 Growing opportunity for commercial and residential applications 38
5.3.4 CHALLENGES 39
5.3.4.1 Dynamic valuations 39
5.3.4.2 Regulatory treatment 39
5.3.4.3 Lack of common codes and standards 39

6 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION 40
6.1 INTRODUCTION 41
6.2 TRANSPORTATION 42
6.3 GRID STORAGE 43

7 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY 45
7.1 INTRODUCTION 46
7.2 ELECTRO CHEMICAL 47
7.2.1 LITHIUM-ION BATTERY 49
7.2.2 LEAD ACID BATTERY 50
7.2.3 SODIUM SULFUR (NAS) BATTERY 51
7.2.4 FLOW BATTERY 52
7.2.5 NICKEL METAL HYDRIDE (NIMH) & NICKEL CADMIUM BATTERY (NICD) 54
7.3 THERMAL STORAGE 55
7.3.1 THERMO CHEMICAL ENERGY STORAGE 57
7.3.2 SENSIBLE HEAT THERMAL ENERGY STORAGE 58
7.3.3 LATENT HEAT THERMAL ENERGY STORAGE 59
7.4 MECHANICAL ENERGY STORAGE 61
7.4.1 PUMPED HYDRO ENERGY STORAGE 63
7.4.2 FLYWHEEL ENERGY STORAGE 64
7.4.3 COMPRESSED AIR & LIQUID AIR ENERGY STORAGE 65
7.5 OTHER STORAGE TECHNOLOGIES 66

8 ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY REGION 68
8.1 INTRODUCTION 69
8.2 ASIA PACIFIC 70
8.2.1 CHINA 74
8.2.2 INDIA 75
8.2.3 SOUTH KOREA 76
8.2.4 JAPAN 76
8.2.5 THE REST OF ASIA PACIFIC 77
8.3 NORTH AMERICA 78
8.3.1 US 81
8.3.2 CANADA 82
8.4 EUROPE 83
8.4.1 THE UK 86
8.4.2 GERMANY 87
8.4.3 FRANCE 87
8.4.4 THE REST OF EUROPE 88
8.5 REST OF THE WORLD 88
8.5.1 SOUTH AFRICA 91
8.5.2 CHILE 91
8.5.3 REST OF ROW 92

9 COMPETITIVE LANDSCAPE 93
9.1 OVERVIEW 93
9.2 KEY PLAYERS OF THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 93
9.2.1 GROWTH STRATEGIES IN THE ADVANCED ENERGY STORAGE SYSTEM MARKET 93
9.3 MARKET RANKING, ADVANCED ENERGY STORAGE SYSTEMS, 2016 95
9.4 COMPETITIVE SITUATIONS & TRENDS 95
9.5 COMPETITIVE LEADERSHIP MAPPING 97
9.5.1 VISIONARY LEADERS 98
9.5.2 DYNAMIC DIFFERENTIATORS 98
9.5.3 INNOVATORS 98
9.5.4 EMERGING COMPANIES 98
9.6 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES) 99
9.7 BUSINESS STRATEGY EXCELLENECE (25 COMPANIES) 100

10 COMPANY PROFILES 101 (Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
10.1 LG CHEM, LTD. 101
10.2 ABB LTD. 105
10.3 GS YUASA CORPORATION 108
10.4 SAMSUNG SDI CO., LTD. 112
10.5 GENERAL ELECTRIC COMPANY 116
10.6 SAFT GROUPE S.A. 120
10.7 TESLA, INC. 123
10.8 EVAPCO, INC. 126
10.9 CALMAC 128
10.10 BALTIMORE AIRCOIL COMPANY, INC. 131
10.11 BYD COMPANY LIMITED 133
10.12 HITACHI, LTD. 137
10.13 SIEMENS AG 140
10.14 PANASONIC CORPORATION 144

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy might not be captured in case of unlisted companies.

11 APPENDIX 148
11.1 INSIGHTS OF INDUSTRY EXPERTS 148
11.2 DISCUSSION GUIDE 149
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 152
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 154
11.5 AVAILABLE CUSTOMIZATIONS 155
11.6 RELATED REPORTS 156
11.7 AUTHOR DETAILS 157

LIST OF TABLES

TABLE 1 ADVANCED ENERGY STORAGE SYSTEMS MARKET SNAPSHOT 26
TABLE 2 COMPARISON OF MAJOR ENERGY STORAGE TECHNOLOGIES BY TECHNICAL CHARACTERISTICS 34
TABLE 3 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 41
TABLE 4 TRANSPORTATION: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 43
TABLE 5 GRID STORAGE: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 44
TABLE 6 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015–2022 (USD MILLION) 46
TABLE 7 ELECTRO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 47
TABLE 8 ELECTRO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015–2022 (USD MILLION) 48
TABLE 9 LITHIUM-ION BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 49
TABLE 10 LITHIUM-ION BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 50
TABLE 11 LEAD ACID BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 51
TABLE 12 SODIUM SULFUR (NAS) BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 52
TABLE 13 FLOW BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 53
TABLE 14 NICKEL METAL HYDRIDE & NICKEL CADMIUM BATTERY: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 54
TABLE 15 THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 56
TABLE 16 THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015–2022 (USD THOUSANDS) 57
TABLE 17 THERMO CHEMICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD THOUSANDS) 57
TABLE 18 SENSIBLE HEAT THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD THOUSANDS) 59
TABLE 19 LATENT HEAT THERMAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD THOUSANDS) 60
TABLE 20 MECHANICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 61
TABLE 21 MECHANICAL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY TECHNOLOGY, 2015–2022 (USD MILLION) 62
TABLE 22 PUMPED HYDRO: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 63
TABLE 23 FLYWHEEL: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 64
TABLE 24 CAES & LAES: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 66
TABLE 25 OTHERS: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 67
TABLE 26 ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY REGION, 2015– 2022 (USD MILLION) 70
TABLE 27 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 72
TABLE 28 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 72
TABLE 29 ASIA PACIFIC: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 72
TABLE 30 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 73
TABLE 31 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015–2022 (USD MILLION) 73
TABLE 32 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015–2022 (USD THOUSAND) 74
TABLE 33 ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015–2022 (USD MILLION) 74
TABLE 34 CHINA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 75
TABLE 35 INDIA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 75
TABLE 36 SOUTH KOREA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 76
TABLE 37 JAPAN: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 76
TABLE 38 THE REST OF ASIA PACIFIC: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 77
TABLE 39 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2015–2022 (USD MILLION) 79
TABLE 40 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 79
TABLE 41 NORTH AMERICA: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 79
TABLE 42 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 80
TABLE 43 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015–2022 (USD MILLION) 80
TABLE 44 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015–2022 (USD THOUSAND) 81
TABLE 45 NORTH AMERICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015–2022 (USD MILLION) 81
TABLE 46 US: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 82
TABLE 47 CANADA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 82
TABLE 48 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2015–2022 (USD MILLION) 83
TABLE 49 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 83
TABLE 50 EUROPE: TRANSPORTATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 84
TABLE 51 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 84
TABLE 52 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015–2022 (USD MILLION) 85
TABLE 53 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015–2022 (USD MILLION) 85
TABLE 54 EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015–2022 (USD MILLION) 86
TABLE 55 THE UK: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 86
TABLE 56 GERMANY: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 87
TABLE 57 FRANCE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 87
TABLE 58 THE REST OF EUROPE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 88
TABLE 59 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 88
TABLE 60 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 89
TABLE 61 REST OF THE WORLD: TRANSPORTATION APPLICATION ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 89
TABLE 62 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY, 2015–2022 (USD MILLION) 89
TABLE 63 REST OF WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY ELECTRO CHEMICAL TECHNOLOGY, 2015–2022 (USD MILLION) 90
TABLE 64 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY THERMAL STORAGE TECHNOLOGY, 2015–2022 (USD MILLION) 90
TABLE 65 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY MECHANICAL TECHNOLOGY, 2015–2022 (USD MILLION) 90
TABLE 66 SOUTH AFRICA: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 91
TABLE 67 CHILE: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 91
TABLE 68 REST OF THE WORLD: ADVANCED ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2015–2022 (USD MILLION) 92
TABLE 69 MARKET RANKING, 2016 95

LIST OF FIGURES

FIGURE 1 MARKETS COVERED: ADVANCED ENERGY STORAGE SYSTEMS MARKET SEGMENTATION 15
FIGURE 2 ADVANCED ENERGY STORAGE SYSTEMS MARKET: RESEARCH DESIGN 17
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 20
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22
FIGURE 6 DATA TRIANGULATION METHODOLOGY 23
FIGURE 7 ASIA PACIFIC DOMINATED THE ADVANCED ENERGY STORAGE SYSTEMS MARKET IN 2016 27
FIGURE 8 ADVANCED ENERGY STORAGE SYSTEMS MARKET: APPLICATION SNAPSHOT 27
FIGURE 9 ADVANCED ENERGY STORAGE SYSTEMS MARKET: TECHNOLOGIES SNAPSHOT 28
FIGURE 10 ATTRACTIVE OPPORTUNITIES IN THE ADVANCED ENERGY STORAGE SYSTEMS MARKET 29
FIGURE 11 ASIA PACIFIC IS EXPECTED TO DOMINATE THE ADVANCED ENERGY STORAGE SYSTEMS MARKET IN 2017 30
FIGURE 12 THE TRANSPORTATION SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD 31
FIGURE 13 ASIA PACIFIC TO DOMINATE THE MARKET FOR TRANSPORTATION APPLICATION OF ADVANCED ENERGY STORAGE SYSTEMS DURING THE FORECAST PERIOD 31
FIGURE 14 ELECTRO CHEMICAL TO DOMINATE THE MARKET FOR TECHNOLOGY IN THE ADVANCED ENERGY STORAGE SYSTEMS DURING THE FORECAST PERIOD 32
FIGURE 15 MARKET DYNAMICS: ADVANCED ENERGY STORAGE SYSTEMS MARKET 35
FIGURE 16 INVESTMENT IN RENEWABLE ENERGY SOURCES, 2004–2016 (USD BILLION) 36
FIGURE 17 TRANSPORTATION APPLICATION IS PROJECTED TO GROW RAPIDLY DURING 2017–2022 41
FIGURE 18 ASIA PACIFIC IS EXPECTED TO DRIVE THE GROWTH OF ADVANCED ENERGY STORAGE SYSTEMS IN THE TRANSPORTATION APPLICATION DURING 2017–2022 42
FIGURE 19 ASIA PACIFIC IS EXPECTED TO DRIVE THE GROWTH OF ADVANCED ENERGY STORAGE SYSTEMS IN THE GRID STORAGE APPLICATION DURING 2017–2022 44
FIGURE 20 ELECTRO CHEMICAL ADVANCED ENERGY STORAGE SYSTEMS MARKET IS PROJECTED TO GROW RAPIDLY DURING 2017–2022 46
FIGURE 21 ASIA PACIFIC IS EXPECETD TO GROW RAPIDLY IN THE ELECTRO CHEMICAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 47
FIGURE 22 LITHIUM-ION BATTERY IS EXPECETD TO GROW RAPIDLY IN THE ELECTRO CHEMICAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 48
FIGURE 23 ASIA PACIFIC IS EXPECTED TO GROW RAPIDLY IN THE LITHIUM-ION BATTERY ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 49
FIGURE 24 NORTH AMERICA IS EXPECTED TO HAVE THE HIGHEST SHARE IN THE LEAD ACID BATTERY ENERGY STORAGE MARKET DURING 2017–2022 50
FIGURE 25 EUROPE IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE NAS BATTERY ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 51
FIGURE 26 ASIA PACIFIC IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE FLOW BATTERY ADVANCED ENERGY STOARGE SYSTEMS MARKET DURING 2017–2022 53
FIGURE 27 ASIA PACIFIC IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE NIMH & NICD BATTERY ADVANCED ENERGY STOARGE SYSTEMS MARKET DURING 2017–2022 54
FIGURE 28 EUROPE IS EXPECETD TO GROW RAPIDLY IN THE THERMAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 55
FIGURE 29 SENSIBLE THERMAL STORAGE TECHNOLOGY IS EXPECETD TO GROW RAPIDLY DURING 2017–2022 56
FIGURE 30 REST OF THE WORLD IS ESTIMATED TO HAVE THE MAXIMUM SHARE IN THE SENSIBLE HEAT THERMAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 58
FIGURE 31 REST OF THE WORLD IS ESTIMATED TO HAVE THE MAXIMUM SHARE IN THE LATENT HEAT THERMAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 60
FIGURE 32 EUROPE IS EXPECETD TO GROW RAPIDLY IN THE MECHANICAL ENERGY ADVANCED STORAGE SYSTEMS MARKET DURING 2017–2022 61
FIGURE 33 PUMPED HYDRO STORAGE IS EXPECETD TO GROW RAPIDLY IN THE MECHANICAL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 62
FIGURE 34 EUROPE IS EXPECTED TO BE THE HIGHEST GROWING REGION FOR THE PUMPED HYDRO ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 63
FIGURE 35 NORTH AMERICA IS ESTIMATED TO HAVE THE MAXIMUM SHARE IN THE FLYWHEEL ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 64
FIGURE 36 NORTH AMERICA IS EXPECETD TO HAVE THE LARGEST SHARE IN THE CAES & LAES ADVANCED ENERGY STORAGE SYSTEMS MARKET DURING 2017–2022 65
FIGURE 37 NORTH AMERICA HAS THE LARGEST SHARE IN THE OTHER ADVANCED ENERGY STORAGE SYSTEMS MARKET 67
FIGURE 38 REGIONAL SNAPSHOT:SOUTH KOREA, CHINA AND INDIA ARE THE FASTEST GROWING COUNTRIES, BY VALUE, DURING THE FORECAST PERIOD 69
FIGURE 39 ADVANCED ENERGY STORAGE SYSTEMS MARKET SHARE (VALUE), BY REGION, 2017 69
FIGURE 40 ASIA PACIFIC, ADVANCED ENERGY STORAGE SYSTEMS MARKET SNAPSHOT 71
FIGURE 41 NORTH AMERICA, ADVANCED ENERGY STORAGE SYSTEMS MARKET SNAPSHOT 78
FIGURE 42 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AND CONTRACTS AND AGREEMENTS AS KEY STRATEGIES TO CAPTURE THE MARKET, 2013– JULY 2017 94
FIGURE 43 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCHES, MERGERS & ACQUISITIONS, AND CONTRACTS & AGREEMENTS HAVE FUELED THE GROWTH OF COMPANIES, 2013– JULY 2017 96
FIGURE 44 ADVANCED ENERGY STORAGE SYSTEM MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2017  97
FIGURE 45 LG CHEM, LTD.: COMPANY SNAPSHOT 101
FIGURE 46 ABB LTD.: COMPANY SNAPSHOT 105
FIGURE 47 GS YUASA CORPORATION: COMPANY SNAPSHOT 108
FIGURE 48 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT 112
FIGURE 49 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 116
FIGURE 50 TESLA, INC.: COMPANY SNAPSHOT 123
FIGURE 51 BYD COMPANY LIMITED: COMPANY SNAPSHOT 133
FIGURE 52 HITACHI, LTD.: COMPANY SNAPSHOT 137
FIGURE 53 SIEMENS AG: COMPANY SNAPSHOT 140
FIGURE 54 PANASONIC CORPORATION: COMPANY SNAPSHOT 144

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