Global Research on Advanced Energy Storage Systems Market to 2020: Analysis and Forecasts Report

1. Global Advanced Energy Storage Systems Market 2016-2020 is the latest addition to Rnrmarketresearch.org industry research reports collection.The research analyst predicts the global advanced energy storage systems market to grow steadily at a CAGR of close to 14% during the forecast period. Market outlook of the global advanced energy storage systems market Energy storage technology is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. The growing demand for electricity worldwide coupled with an imminent need to reduce the demand-supply gap has prompted power utilities to adopt advanced energy storage. The market is also witnessing a rising trend in the installations of wind and solar PVs, thus augmenting the demand for advanced energy storage. Countries worldwide are using advanced ESS to overcome the intermittent nature of renewable energy resources. However, the growth of the global advanced energy storage market is curtailed by several challenges such as cost competitiveness as these systems are expensive as compared to conventional systems. End-user segmentation and analysis of the global advanced energy storage market      Thermal energy storage Batteries Compressed air storage Molten salt Flywheels The thermal energy storage (TES) segment dominated the market in 2015 with a market share of close to 42%. It is gaining importance as it helps in mitigating the intermittent nature of solar PVs. TES systems play a crucial role in electricity storage through concentrating solar power (CSP) plants wherein solar heat can be stored and used for electricity production in the absence of sunlight. It helps to enhance the utilization rate of power plants by 60%-75%. It also finds key application in nuclear power storage and helps meet critical peak demand by achieving higher power outputs. Purchase a Report Copy at http://www.rnrmarketresearch.com/contacts/purchase?rname=443220 . Geographical segmentation and analysis of the global advanced energy storage market    Americas APAC EMEA North America holds nearly 45% share of the overall installed capacity of advanced energy storage systems as of 2015. State-level participation and growing investments in grid storage projects have fueled the growth of the grid energy storage market in North America. The US government has initiated the "EV Everywhere Grand Challenge Blueprint," which promises to raise the number of EVs to one million by 2015 in a bid to reduce CO2 emissions. Adoption of EVs fosters the use of Li-Ion batteries as an efficient means of energy storage thereby reducing costs.

2. Competitive landscape and key vendors Many vendors in the APAC region are making concentrated efforts to provide high-tech, customized ESS solutions for different end-user applications. This trend is likely to continue well over 2020 with many new entrants poised to enter this attractive market. The leading vendors in the market are -      AES Energy Storage Alevo EnSync Energy GE LG Chem Inquire before Buying at http://www.rnrmarketresearch.com/contacts/inquire-before- buying?rname=443220 . Other prominent vendors in the market include Mitsubishi Heavy Industries, Enersys, Active Power, and Beacon Power. Key questions answered in the report include 1.What will the market size and the growth rate be in 2020? 2.What are the key factors driving the global advanced energy storage market? 3.What are the key market trends impacting the growth of the global advanced energy storage market? 4.What are the challenges to market growth? 5.Who are the key vendors in this market space? 6.What are the market opportunities and threats faced by the vendors in the global advanced energy storage market? 7.Trending factors influencing the market shares of the Americas, APAC, and EMEA. 8.What are the key outcomes of the five forces analysis of the global advanced energy storage market? Inquire for Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=443220 . Browse by Category:Energy & Power About Us: RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.