Global Advanced Energy Storage Market, By Application (Transportation, Grid Storage), Technology (Electro Chemical, Thermal Storage, Mechanical Energy Storage, Other Storage Technologies), and Geography - Insights, Size, Share, Opportunity Analysis, and I

Global Advanced Energy Storage Market, By Application (Transportation, Grid Storage), Technology (Electro Chemical, Thermal Storage, Mechanical Energy Storage, Other Storage Technologies), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Report Description
An Advanced Energy Storage (AES) system is used to efficiently manage energy resources, thereby reducing the need for utility scale power generation plants. Advanced energy storage systems help in increasing the usage of renewable energy by using renewable sources such as solar and wind energy. The proper usage of renewable sources of energy due to AES makes these renewable sources more foreseeable, thus making it easy to integrate these sources of energy with an already existing power grid. Companies such as ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc. collaborate each other and with independent research organizations and institutes to speed-up the research activities in order to decrease Time To Market (TTM).
Market Dynamics
Increasing adoption of electric vehicles has resulted in an increase in demand for advanced energy system globally. The transportation segment dominates the advanced energy system market. Rising adoption of lithium-ion batteries in electric cars has resulted in significant demand for advanced energy system in transportation segment. The segment accounted for 50.20% market share, valued at US$ 5.92 billion, in 2016.
Market Taxonomy
This report segments the global AES systems on the basis of application, and technology. On the basis of technology, the global AES systems market is classified into electro chemical, thermal storage, mechanical energy storage and other storage technologies. The electro chemical segment is further classified into lithium-ion batteries, lead acid batteries, sodium sulfur batteries, flow batteries and Nickel Metal Hydride (NIMH) & Nickel Cadmium Batteries (NICD). Thermal storage is further classified as Thermo Chemical Energy Storage, Latent Heat Thermal Energy Storage and Sensible Heat Thermal Energy Storage. The Mechanical Energy Storage is classified as Pumped Hydro Energy Storage, Compressed Air & Liquid Air Energy Storage and Flywheel Energy Storage. The application segment is classified as Transportation and Grid Storage.

Key features of the study:
This report provides an in-depth analysis of advanced energy systems and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global advanced energy systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global advanced energy system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced energy systems market

Segmentation
Global Advanced Energy Storage Market, By Application
Transportation
Grid Storage
Global Advanced Energy Storage Market, By Technology,
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Global Advanced Energy Storage Market, By Geography:
North America
U.S.
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Canada
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Europe
U.K.
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Germany
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Italy
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
France
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Russia
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Rest of Europe
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Asia-Pacific
China
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
India
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Japan
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
ASEAN
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Australia
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
South Korea
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Rest of Asia Pacific
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Latin America
Brazil
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Mexico
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Rest of Latin America
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Middle East
GCC
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Israel
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Africa
North Africa
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Central Africa
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
South Africa
By Application:
Transportation
Grid Storage
By Technology:
Electro Chemical
Lithium-Ion Battery
Lead Acid Battery
Sodium Sulfur (NAS) Battery
Flow Battery
Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Thermal Storage
Thermo Chemical Energy Storage
Sensible Heat Thermal Energy Storage
Latent Heat Thermal Energy Storage
Mechanical Energy Storage
Pumped Hydro Energy Storage
Flywheel Energy Storage
Compressed Air & Liquid Air Energy Storage
Other Storage Technologies
Company Profiles
Tesla Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Samsung SDI Co.
General Electric Company
AES Group
ABB Ltd.
LG Chem Ltd.