Advanced Energy Storage

World Market Report

MCP-7711

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DATE

JAN 2022

TABLES

202

PAGES

299

EDITION

20

PRICE

USD 5600

CODE

MCP-7711


COMPETITIVE METRICS

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HIGHLIGHTS & REPORT INDEX

What's New for 2022?

» Global competitiveness and key competitor percentage market shares
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Amid the COVID-19 crisis, the global market for Advanced Energy Storage estimated at 10.4 Thousand Megawatts in the year 2020, is projected to reach a revised size of 16.3 Thousand Megawatts by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Thermal Energy Storage, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach 8.1 Thousand Megawatts by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrochemical Energy Storage segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
The Advanced Energy Storage market in the U.S. is estimated at 3.1 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 2.8 Thousand Megawatts by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
In the global Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 1.7 Thousand Megawatts in the year 2020 will reach a projected size of 2.5 Thousand Megawatts by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.9 Thousand Megawatts by the year 2027.

SELECT PLAYERS

ABB Ltd.; Active Power, Inc.; AES Energy Storage, LLC; Alevo Group S.A.; Altair Nanotechnologies, Inc.; Amber Kinetics, Inc.; Areva; Ashlawn Energy, LLC; Axion Power International, Inc.; Beacon Power, LLC; BYD Co. Ltd.; Calnetix Technologies, LLC; Dresser-Rand Group, Inc.; ECOULT; Electrochaea GmbH; Encell Technology, Inc.; EnSync Energy Systems, Inc.; Exide Technologies; General Electric Company; Gridflex Energy, LLC; Highview Enterprises Ltd.; Hitachi, Ltd.; Hyper Tech Research, Inc.; IMS group AS; ITM Power Plc; Kokam Co., Ltd; Leclanché SA; LG Chem; LightSail Energy; Maxwell Technologies, Inc.; McPhy Energy S.A.; NEC Energy Solutions; NGK Insulators, Ltd.; Proton OnSite; Redflow Limited; Saft Groupe S.A.; Samsung SDI Co., Ltd.; Siemens AG; Temporal Power; Tesla, Inc.; Tianjin Lishen Battery Co., Ltd.; Toshiba International Corporation; ViZn Energy Systems, Inc.

SEGMENTS

» Technology (Thermal Energy Storage, Electrochemical Energy Storage, Other Technologies) » Application (Transportation, Grid Storage)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Rising Share of Intermittent Sources of Energy in Utility Energy Generation Portfolio: The Cornerstone for the Growth of Utility Grade Advanced Energy Storage Technologies
Recent Market Activity
Review of Renewable Energy Projects Undertaken Worldwide and Regulations Supporting Renewable Electricity-to-Grid Integration
Declining Cost of Wind and Solar Power Make Renewables an Important Part of Utility Energy Portfolio
Escalating Climate Change Adds Urgency to the Renewable Energy Revolution Underway in the Global Economy
How the Renewable Energy Boom Benefits Advanced Energy Storage Technologies
Despite Declines in Renewable Investments, Outlook for Advanced Energy Storage Remains Bright
Prolonged Softness in Oil Prices: What It Means for Renewable-to-Grid Integration
Market Outlook
Advanced Energy Storage – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ABB Ltd. (India)
Active Power, Inc. (USA)
AES Energy Storage, LLC (USA)
Alevo Group S.A. (Switzerland)
Altair Nanotechnologies, Inc. (Canada)
Amber Kinetics, Inc. (USA)
Areva (France)
Ashlawn Energy, LLC (USA)
Axion Power International, Inc. (USA)
Beacon Power, LLC (USA)
BYD Co. Ltd. (China)
Calnetix Technologies, LLC (USA)
ECOULT (Australia)
Electrochaea GmbH (Germany)
Encell Technology, Inc. (USA)
EnSync Energy Systems, Inc. (USA)
Exide Technologies (USA)
General Electric Company (USA)
Gridflex Energy, LLC (USA)
Highview Enterprises Ltd. (UK)
Hitachi, Ltd. (Japan)
Hyper Tech Research, Inc. (USA)
IMS group AS (Norway)
ITM Power Plc (UK)
Kokam co., Ltd (Korea)
Leclanché SA (Switzerland)
LG Chem (Korea)
LightSail Energy (USA)
Maxwell Technologies, Inc. (USA)
McPhy Energy S.A. (France)
NEC Energy Solutions (Japan)
NGK Insulators, Ltd. (Japan)
Proton OnSite (USA)
Redflow Limited (Australia)
Saft Groupe S.A. (France)
Samsung SDI Co., Ltd. (South Korea)
Siemens AG (Germany)
Dresser-Rand Group, Inc. (USA)
Temporal Power (Canada)
Tesla, Inc. (USA)
Tianjin Lishen Battery Co., Ltd. (China)
Toshiba International Corporation (USA)
ViZn Energy Systems, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Major Market Trends and Drivers
Rising Investments in Energy Storage Projects Bodes Well for the Growth of Advanced Energy Storage Technologies
Aging Energy Infrastructure Drives Opportunities for Energy Storage as a Method of Modernizing Energy Grids
Are Batteries Ready for Mass Commercialization in Grid-Level Energy Storage?
“Value Stacking”: A Vital Product Development & Design Strategy to Counter the High CAPEX of Battery Energy Storage Technologies
Lithium Ion (Li-ion) Batteries: The Leader in Utility-Scale Applications
Robust Surge in Solar and Wind Farms Throws the Focus Squarely on Grid Stability
Energy Storage Assets Remain Vital Towards Enhancing the Operation of Smart Grids
Flywheel Systems Emerge as a Reasonable Alternative to Batteries Uniquely Suited to Utility-Scale Applications
Large Capacity Sodium Sulfur Battery Grow in Prominence as a Promising Clean Energy Technology
CAES Systems to Offer Utility Grids Cost-Effective Bulk Storage
LAES Promises Environmentally Neutral Grid Scale Energy Storage without Geographical Constraints
SMES: A Promising Advanced Energy Storage Technology
Hydrogen Storage Offers Seamless Integration of Wind and Solar Energy into the Grid
Continuous Innovations Push a Bevy of Exciting Storage Technologies Closer to Commercialization
Although Lower Than Pre-Recession Levels, World Demand for Energy Will Remain a Key Driver of Growth
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Advanced Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Advanced Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Thermal Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Thermal Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Electrochemical Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Electrochemical Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Grid Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Grid Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Advanced Energy Storage Market Analysis of Annual Sales in Megawatts for Years 2012 through 2027
UNITED STATES
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
JAPAN
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
CHINA
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
EUROPE
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Advanced Energy Storage by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Advanced Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
FRANCE
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
GERMANY
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
UNITED KINGDOM
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
ASIA-PACIFIC
Advanced Energy Storage Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Advanced Energy Storage by Technology - Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Advanced Energy Storage by Technology - Percentage Breakdown of Value Sales for Thermal Energy Storage, Electrochemical Energy Storage and Other Technologies for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Advanced Energy Storage by Application - Transportation and Grid Storage - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Advanced Energy Storage by Application - Percentage Breakdown of Value Sales for Transportation and Grid Storage for the Years 2021 & 2027
Total Companies Profiled: 94

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