Global Advance Energy Storage Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - May 2019 | Category - Energy and Power | No. of Pages - 145 | Published By - EMR

Global Advance Energy Storage Market is expected to grow significantly from USD 8.8 billion in 2017, to USD 17.6 million in 2024, at a lucrative CAGR of 9.1% from 2018 to 2024.

The key factor driving the growth of the Advance Energy Storage markets includes need for modernizing the grid for better enhanced power reliability and integration of renewable resources. Further, increased demand from electric vehicles, portable consumer electronics and grid storage systems augments the growth of Advance Energy Storage market across the globe

The lithium-ion held the largest market share of global electrochemical Advance energy storage market and is expected to grow at a significant rate during the forecast period owing to increased demand from electric vehicles. The Thermal energy storage technology segment held the largest market share of the global advance energy storage market in 2016. The increasing number of project in thermal advance energy storage from the renewable sources such as concentrated solar power has driven the demand for this technology

Global Advance Energy Storage Market Leading Players

LG Chem
Samsung SDI Co., Ltd
General Electric Company
Tesla, Inc.
Hitachi, Ltd.


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