Global Advanced Energy Storage Systems Market 2023-2027

Description

List of Tables

The advanced energy storage systems market is forecasted to grow by USD 6,703.96 mn during 2022-2027, accelerating at a CAGR of 8.52% during the forecast period. The report on the advanced energy storage systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of renewable energy sources, increasing demand for stable and reliable power supply, and inclination toward energy independence.

Technavio's advanced energy storage systems market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	8.32%
CAGR	8.52%
Incremental Value	$6703.96mn

By Application

Grid storage
Transportation

By End-user

Non-residential
Residential

By Geography

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the increasing dominance of lithium-ion batteries as one of the prime reasons driving the advanced energy storage systems market growth during the next few years. Also, integration of multiple storage technologies and increasing demand for localized energy storage solutions will lead to sizable demand in the market.

The report on the advanced energy storage systems market covers the following areas:

Advanced energy storage systems market sizing
Advanced energy storage systems market forecast
Advanced energy storage systems market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced energy storage systems market vendors that include ABB Ltd., Aquion Energy, BYD Co. Ltd., Dow Chemical Co., EOS Energy Enterprises Inc., General Electric Co., GS Yuasa Corp., Hitachi Ltd., Leclanche SA, LG Chem Ltd., NEC Corp., Panasonic Holdings Corp., S and C Electric Co., Samsung SDI Co. Ltd., Siemens AG, Tesla Inc., Toshiba Corp., TotalEnergies SE, Trane Technologies Plc, and Wartsila Corp. Also, the advanced energy storage systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76218

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global advanced energy storage systems market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global advanced energy storage systems market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Grid storage - Market size and forecast 2022-2027
Exhibit 34: Chart on Grid storage - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Grid storage - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Grid storage - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Grid storage - Year-over-year growth 2022-2027 (%)
6.4 Transportation - Market size and forecast 2022-2027
Exhibit 38: Chart on Transportation - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Transportation - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Transportation - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Transportation - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Non-residential - Market size and forecast 2022-2027
Exhibit 48: Chart on Non-residential - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Non-residential - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
7.4 Residential - Market size and forecast 2022-2027
Exhibit 52: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Residential - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 56: Market opportunity by End-user ($ million)
Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 95: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 111: ABB Ltd. - Overview
Exhibit 112: ABB Ltd. - Business segments
Exhibit 113: ABB Ltd. - Key news
Exhibit 114: ABB Ltd. - Key offerings
Exhibit 115: ABB Ltd. - Segment focus
12.4 BYD Co. Ltd.
Exhibit 116: BYD Co. Ltd. - Overview
Exhibit 117: BYD Co. Ltd. - Business segments
Exhibit 118: BYD Co. Ltd. - Key news
Exhibit 119: BYD Co. Ltd. - Key offerings
Exhibit 120: BYD Co. Ltd. - Segment focus
12.5 General Electric Co.
Exhibit 121: General Electric Co. - Overview
Exhibit 122: General Electric Co. - Business segments
Exhibit 123: General Electric Co. - Key news
Exhibit 124: General Electric Co. - Key offerings
Exhibit 125: General Electric Co. - Segment focus
12.6 Hitachi Ltd.
Exhibit 126: Hitachi Ltd. - Overview
Exhibit 127: Hitachi Ltd. - Business segments
Exhibit 128: Hitachi Ltd. - Key news
Exhibit 129: Hitachi Ltd. - Key offerings
Exhibit 130: Hitachi Ltd. - Segment focus
12.7 Leclanche SA
Exhibit 131: Leclanche SA - Overview
Exhibit 132: Leclanche SA - Business segments
Exhibit 133: Leclanche SA - Key offerings
Exhibit 134: Leclanche SA - Segment focus
12.8 LG Chem Ltd.
Exhibit 135: LG Chem Ltd. - Overview
Exhibit 136: LG Chem Ltd. - Business segments
Exhibit 137: LG Chem Ltd. - Key news
Exhibit 138: LG Chem Ltd. - Key offerings
Exhibit 139: LG Chem Ltd. - Segment focus
12.9 NEC Corp.
Exhibit 140: NEC Corp. - Overview
Exhibit 141: NEC Corp. - Business segments
Exhibit 142: NEC Corp. - Key news
Exhibit 143: NEC Corp. - Key offerings
Exhibit 144: NEC Corp. - Segment focus
12.10 Panasonic Holdings Corp.
Exhibit 145: Panasonic Holdings Corp. - Overview
Exhibit 146: Panasonic Holdings Corp. - Product / Service
Exhibit 147: Panasonic Holdings Corp. - Key news
Exhibit 148: Panasonic Holdings Corp. - Key offerings
12.11 S and C Electric Co.
Exhibit 149: S and C Electric Co. - Overview
Exhibit 150: S and C Electric Co. - Product / Service
Exhibit 151: S and C Electric Co. - Key offerings
12.12 Samsung SDI Co. Ltd.
Exhibit 152: Samsung SDI Co. Ltd. - Overview
Exhibit 153: Samsung SDI Co. Ltd. - Business segments
Exhibit 154: Samsung SDI Co. Ltd. - Key news
Exhibit 155: Samsung SDI Co. Ltd. - Key offerings
Exhibit 156: Samsung SDI Co. Ltd. - Segment focus
12.13 Siemens AG
Exhibit 157: Siemens AG - Overview
Exhibit 158: Siemens AG - Business segments
Exhibit 159: Siemens AG - Key news
Exhibit 160: Siemens AG - Key offerings
Exhibit 161: Siemens AG - Segment focus
12.14 Tesla Inc.
Exhibit 162: Tesla Inc. - Overview
Exhibit 163: Tesla Inc. - Business segments
Exhibit 164: Tesla Inc. - Key news
Exhibit 165: Tesla Inc. - Key offerings
Exhibit 166: Tesla Inc. - Segment focus
12.15 Toshiba Corp.
Exhibit 167: Toshiba Corp. - Overview
Exhibit 168: Toshiba Corp. - Business segments
Exhibit 169: Toshiba Corp. - Key news
Exhibit 170: Toshiba Corp. - Key offerings
Exhibit 171: Toshiba Corp. - Segment focus
12.16 TotalEnergies SE
Exhibit 172: TotalEnergies SE - Overview
Exhibit 173: TotalEnergies SE - Business segments
Exhibit 174: TotalEnergies SE - Key news
Exhibit 175: TotalEnergies SE - Key offerings
Exhibit 176: TotalEnergies SE - Segment focus
12.17 Wartsila Corp.
Exhibit 177: Wartsila Corp. - Overview
Exhibit 178: Wartsila Corp. - Business segments
Exhibit 179: Wartsila Corp. - Key offerings
Exhibit 180: Wartsila Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations