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May 24, 2021 (AmericaNewsHour) —
A report on Advanced Energy Storage Systems Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Advanced Energy Storage Systems Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
Kenneth Research has released a report on Advanced Energy Storage Systems Market that studies the segments, trends, opportunities, growth drivers and restraints for the market throughout the forecast period, i.e. 2021 2025. The report further contains key matrices and industrial insights that helps decision makers to understand better about the market, including both the current scenario as well as the consequences in the coming years.
The Global Advanced Energy Storage Systems Market was valued at USD 11.82 billion in 2016 and is projected to reach USD 24.21 billion by 2025, growing at a CAGR of 8.29% from 2017 to 2025.
Advanced Energy Storage System convert electricity into energy, store it and then convert back into usable electricity at a later time. Include – lower costs, decreased infrastructure investments, higher dependability, grid stabilization services, enhanced grid operation abilities, backup power capabilities for emergencies, and maximizing time-of-use rates.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10059854
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Grid expansion and investment in the modern infrastructure
1.2 Increasing opportunity for commercial and residential applications
1.3 Increasing electrification of the transport sector
1.4 Technological advancement and expanded deployment
1.5 Growing renewable energy investments
1.6 Growing need for energy efficiency
2. Market Restraints
2.1 Lack of common codes and standards
2.2 High capital investments
2.3 Hazardous environmental impact
Market Segmentation:
The Global Advanced Energy Storage Systems Market is segmented on the technology, application, end user, and region.
1. Technology:
1.1 Thermal Storage
1.1.1 Sensible
1.1.2 Latent
1.1.3 Thermo Chemical
1.2 Mechanical
1.2.1 Compressed Air Energy Storage & Liquid Air Energy Storage
1.2.2 Pumped Hydro
1.2.3 Flywheel
1.3 Electro Chemical
1.3.1 Lead Acid battery
1.3.2 Lithium-Ion battery
1.3.3 Nickel Metal Hydride & Nickel Metal Cadmium
1.3.4 Sodium Sulfur battery
1.3.5 Flow battery
2. By Application:
2.1 Grid Storage
2.2 Transportation
3. By End User:
3.1 Residential
3.2 Non-Residential
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. ABB Ltd.
2. Samsung SDI Co., Ltd.
3. Saft Groupe S.A.
4. Evapco, Inc.
5. Baltimore Aircoil Company, Inc.
6. Hitachi, Ltd.
7. Panasonic Corporation
8. LG Chem, Ltd.
9. GS Yuasa Corporation
10. General Electric Company
11. Tesla, Inc.
12. Calmac
13. BYD Company Limited
14. Siemens AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Request For Full Report: https://www.kennethresearch.com/sample-request-10059854
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Advanced Energy Storage Systems Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
The post Advanced Energy Storage Systems Market Latest Update with Global Technological Advancements, Company Overview, Key Drivers and Growth Acceleration to 2025 appeared first on America News Hour.
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