Global Energy Storage Systems (ESS) Market Grow at a CAGR of 26.9% and Expected to Reach USD 14.84 Billion by 2025 from USD 2.79 Billion in 2018
MarketResearchReports.com has announced the addition of “Global Energy Storage Systems (ESS) Market Insights, Forecast to 2025” research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWire) -- 05/28/2019 --Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
In the coming years there is an increasing demand for Energy Storage Systems (ESS) in the regions of Europe and United States that is expected to drive the market for more advanced Energy Storage Systems (ESS). Increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Energy Storage Systems (ESS) will drive growth in global market.
The Energy Storage Systems (ESS) industry market is low concentrated as the manufacturing technology of Energy Storage Systems (ESS) is relatively matures than some high-tech equipment. And some enterprises, like Samsung SDI, LG Chem, Hitachi, Kokam, etc. are well-known for the wonderful performance of their Energy Storage Systems (ESS) and related services. At the same time, Asia-Pacific, occupied 40% sales market share in 2018, is remarkable in the global Energy Storage Systems (ESS) industry because of their lowest cost of raw material and labor.
The Energy Storage Systems (ESS) market was valued at 2796.8 Million US$ in 2018 and is projected to reach 14840 Million US$ by 2025, at a CAGR of 26.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Energy Storage Systems (ESS).
This report presents the worldwide Energy Storage Systems (ESS) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Samsung SDI
LG Chem
Hitachi
Kokam
Fluence Energy
LSIS
SMA Solar Technology
NGK
General Electric
Primus
Panasonic
BYD
Younicos
ABB
Saft Batteries
Lockheed Martin Energy
Eos Energy Storage
Con Edison Solutions
Energy Storage Systems (ESS) Breakdown Data by Type
Lithium
Lead Acid
NaS
Others
Energy Storage Systems (ESS) Breakdown Data by Application
Residential
Utility & Commercial
Energy Storage Systems (ESS) Production by Region
United States
Europe
China
Japan
Other Regions
Energy Storage Systems (ESS) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Energy Storage Systems (ESS) status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Energy Storage Systems (ESS) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Energy Storage Systems (ESS) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Energy Storage Systems (ESS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Spanning over 128 pages "Global Energy Storage Systems (ESS) Market Insights, Forecast to 2025" report covers Study Coverage, Executive Summary, Market Size by Manufacturers, Energy Storage Systems (ESS) Production by Regions, Energy Storage Systems (ESS) Consumption by Regions, Market Size by Type, Market Size by Application, Manufacturers Profiles, Production Forecasts, Consumption Forecast, Value Chain and Sales Channels Analysis, Market Opportunities & Challenges, Risks and Influences Factors Analysis, Key Findings in the Global Energy Storage Systems (ESS) Study, Appendix.
Please visit this link for more details: https://www.marketresearchreports.com/mrrpb5/global-energy-storage-systems-ess-market-insights-forecast-2025
Find all Energy and Utilities Reports at: https://www.marketresearchreports.com/energy-utilities
For related reports please visit: https://www.marketresearchreports.com/search/site/Energy%2520Storage%2520System
Read our Interactive Market Research Blog
About MarketResearchReports.com
MarketResearchReports.com is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global & regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.
Contact us for your market research requirements: https://www.marketresearchreports.com/contact
Media Relations Contact
Sudeep Chakravarty
Director - Operations
MarketResearchReports.com
1-302-703-9904
https://www.marketresearchreports.com/mrrpb5/global-energy-storage-systems-ess-market-insights-forecast-2025
View this press release online at: http://rwire.com/1224434