Global Energy Storage Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Global Energy Storage market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “Global Energy Storage Market Analysis, 2021”, the Global Energy Storage market is anticipated to grow at a CAGR of around 5.5% during 2021-26F. The growth of the market is accredited to increasing adoption of smart grid in developing economies, rising inclination toward renewable development along with the commercialization of innovative technologies such as solid-state batteries and flow batteries. Moreover, the growing demand for distributed power generation, significant surge in the usage of portable electronics, hybrid vehicles, and declining prices of batteries are the factors strongly contributing toward the growth of the market in the forthcoming period.
Market Segmentation
Electrochemical Segment Acquired the Considerable Market Share
Based on Type, Electrochemical segment acquire a considerable market share in the Global Energy Storage market in 2020. The demand for a Lithium battery is soaring at a robust rate owing to the factors such as rise in the demand for the light-duty vehicle, increasing demand for the heavy-duty vehicle due to surging investment in infrastructure development and propelling government initiative to curb the carbon emission by 2050 has upsurged the demand for electric vehicle. Besides this, various schemes are introduced to propel the sales of e-buses, and the hybrid vehicle is anticipated to surge the demand for lithium batteries for energy storage. Therefore, this is anticipated to proliferate the growth of the Energy Storage market globally in the near future as revealed by the MarkNtel Advisors’ research report “Global Energy Storage Market Analysis, 2021”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Energy Storage market include Greensmith Energy (Wartsila), NEC Energy Solutions Inc., Fluence Energy LLC, Contemporary Amperex Technology Co. Limited, Convergent Energy and Power LP (Energy Capital Partners), Tesla Inc., LG CNS, Duke Energy Corporation, NextEra Energy Inc. etc.
Key Questions Answered in the Market Research Report:
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Energy Storage Market?
- What is the region wise industry size, growth drivers and challenges key market trends?
- What are the key innovations, technology upgrades, opportunities, regulations in the Global Energy Storage Market?
- Who are the key competitors or market players and how they perform in Global Energy Storage Market based on competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the course of Global Energy Storage Market study?
Market Outlook, Segmentation and Statistics
- Impact of COVID-19 on Global Energy Storage Market
- Market Size & Analysis
- Market Share & Analysis
- By Type
- Mechanical
- Pumped Hydro Storage
- Compressed Air Energy Storage
- Liquid Air Energy Storage
- Others
- Electrochemical
- Lithium Battery
- Lead-Acid Battery
- Sodium-Sulphur Battery
- Others
- Chemical
- Thermal
- By Application
- Electronic Devices
- Laptops
- Smartphones
- Tablets
- Power Banks
- Drones
- Wearables
- Mobility
- Light Duty Vehicles
- Medium and Heavy-Duty Vehicles
- E-Buses
- Personal Mobility
- Marine Vessels
- Stationary Storage
- Commercial & Industrial
- Residential
- Utility
- By End User
- Residential
- Commercial
- Industrial
- Utility
- By Region
- North America Energy Storage Market Outlook, 2016-2026F (USD Million)
- The US Energy Storage Market Outlook, 2016-2026F (USD Million)
- Canada Energy Storage Market Outlook, 2016-2026F (USD Million)
- Mexico Energy Storage Market Outlook, 2016-2026F (USD Million)
- Europe Energy Storage Market Outlook, 2016-2026F (USD Million)
- The UK Energy Storage Market Outlook, 2016-2026F (USD Million)
- Germany Energy Storage Market Outlook, 2016-2026F (USD Million)
- France Energy Storage Market Outlook, 2016-2026F (USD Million)
- The Netherlands Energy Storage Market Outlook, 2016-2026F (USD Million)
- Asia-Pacific Energy Storage Market Outlook, 2016-2026F (USD Million)
- China Energy Storage Market Outlook, 2016-2026F (USD Million)
- Japan Energy Storage Market Outlook, 2016-2026F (USD Million)
- India Energy Storage Market Outlook, 2016-2026F (USD Million)
- South Korea Energy Storage Market Outlook, 2016-2026F (USD Million)
- Australia Energy Storage Market Outlook, 2016-2026F (USD Million)
- By Company
- Revenue Shares
- Strategic Factorial Indexing
- Competitor Placement in MarkNtel Quadrant
- Global Energy Storage Market Policies and Regulations
- Global Energy Storage Value Chain Analysis
- Global Energy Storage Market Hotspot & Opportunities
- Global Energy Storage Market Trends & Insights
- Competition Outlook
- Competitor Wise Growth Strategies
- Company Profiles
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Energy Storage Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Energy Storage Market during 2020-25?
A. The Global Energy Storage Market is forecast to grow at a CAGR of 5.5% during 2020-25.
Q. Who are the key competitors or players operating in Global Energy Storage Market?
A. Greensmith Energy (Wartsila), NEC Energy Solutions Inc., Fluence Energy LLC, Contemporary Amperex Technology Co. Limited, Convergent Energy and Power LP (Energy Capital Partners), Tesla Inc., LG CNS, Duke Energy Corporation, NextEra Energy Inc. etc., are few of the leading players in the Global Energy Storage Market.
Q. Which end-user would emerge as an opportunity area for players in Global Energy Storage Market?
A. Residential is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Energy Storage Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Energy Storage Market
