Market Research Report
Energy Storage Technologies (EST) Market Report 2022-2032
|Energy Storage Technologies (EST) Market Report 2022-2032|
Published: July 21, 2022
Visiongain Reports Ltd.
Content info: 316 Pages
Delivery time: 1-2 business days
The global energy storage technologies market was valued at US$13,787 million in 2021 and is projected to grow at a CAGR of 5.7 during the forecast period 2022-2032.
The Energy Storage Technologies (EST) Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Governments from All Across the World Are Taking Action to Promote Energy Storage
The storage industry is primed for rapid expansion. Owners of energy storage systems will be able to generate income from an increasing number of sources thanks to new market regulations, including postponed transmission and distribution upgrades, the incorporation of intermittent resources, decreased demand or increased generating capacity to handle peak loads, the offering of ancillary services, and improved grid reliability and resiliency. Storage used to fit like a square peg into a round hole called historical regulation. The federal regulation that is now in place for wholesale power sales and transmission in interstate commerce was created for a world that had any meaningful energy storage.
Even while pumped-storage hydroelectricity has been around for a while, it differs significantly from more recent storage technologies like batteries, flywheels, and thermal energy storage projects in terms of its properties. Governments from all across the world are taking action to promote storage. The US Department of Energy's focused loan and incentive programmes, as well as the Federal Energy Regulatory Commission's initiatives to open up a road to participation in the wholesale market, have helped storage on a global scale.
Deal Between BMW Group and Our Next Energy (ONE), an Energy Storage Business
The deal between BMW Group and Our Next Energy (ONE), an energy storage business with headquarters in Michigan, calls for the integration of ONE's Gemini Dual-Chemistry battery technology into the BMW iX electric SUV. According to ONE, the BMW iX will be able to go 600 miles (965 kilometres) on a single charge because to its exclusive long-range Gemini technology, which it first showed in January 2022 on a Tesla Model S that travelled 752 miles on a single charge. The iX prototype car, which is expected to be finished by the end of the year, will have nearly double the range of the standard BMW iX xDrive50, which has the greatest EPA-rated range in the lineup at 324 miles (521 kilometers). Through its Silicon Valley-based venture capital arm BMW I Ventures, which recently oversaw a $65M investment round, BMW is a shareholder in ONE.
What Questions Should You Ask before Buying a Market Research Report?
You need to discover how this will impact the energy storage technologies market today, and over the next 10 years:
This report tells you TODAY how the energy storage technologies market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2032 and other analyses reveal commercial prospects
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report
Market Segment by Application
Market Segment by Stationary Type
Market Segment by Utility Type
Market Segment by Industrial Type
Market Segment by Technology
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
Middle East & Africa
The report also includes profiles and for some of the leading companies in the Energy Storage Technologies Market, 2022 to 2032, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth
Overall world revenue for Energy Storage Technologies Market, 2022 to 2032 in terms of value the market will surpass US$14,380 million in 2022, our work calculates. We predict strong revenue growth through to 2032. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Energy Storage Technologies Market, 2022 to 2032 report help you?
In summary, our 316-page report provides you with the following knowledge:
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the Energy Storage Technologies Market, 2022 to 2032, market-leading companies. You will find data, trends and predictions.