Pune, April 18, 2022 (GLOBE NEWSWIRE) -- The latest global Energy Storage Systems (ESS) Market research report 2022 provides detailed information about the market overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. Energy Storage Systems (ESS) Market report also covers the new business development, price, revenue, gross margin, market size, share, potential growth, and upcoming market strategy followed by leading players. This report also gives the knowledge of major company profiles within the market. The report focuses on the Energy Storage Systems (ESS) Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Moreover, Energy Storage Systems (ESS) Market forecast by regions, type, and application, with sales and revenue, from 2022 to 2028. And also report covers the market landscape and its growth prospects over the coming years. Finally, the feasibility of new investment projects is assessed and overall research conclusions are offered.
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Moreover, the research report gives detailed data about the major factors influencing the growth of the Energy Storage Systems (ESS) market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.
About Energy Storage Systems (ESS):
Energy storage systems are the set of methods and technologies used to store various forms of energy. 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.
Market Analysis and Insights: Global Energy Storage Systems (ESS) Market
Due to the COVID-19 pandemic, the global Energy Storage Systems (ESS) market size is estimated to be worth US$ 6698.7 million in 2022 and is forecast to a readjusted size of US$ 13220 million by 2028 with a CAGR of 12.0% during the review period. Fully considering the economic change by this health crisis, Lithium accounting for of the Energy Storage Systems (ESS) global market in 2021, is projected to value US$ million by 2028, growing at a revised CAGR in the post-COVID-19 period. While Residential segment is altered to a CAGR throughout this forecast period.
Global Energy Storage System (ESS) key players include Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, etc. Global top five manufacturers hold a share about 50%. Asia Pacific is the largest market, with a share about 40%, followed by Europe and North America, both have a share about 45%. In terms of product, Lithium is the largest segment, with a share over 88%. And in terms of application, the largest application is Residental, followed by Utility and Commercial.
In terms of production side, this report researches the Energy Storage Systems (ESS) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Energy Storage Systems (ESS) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
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This report gives a detailed description of all the factors influencing the growth of these market players as well as profiles of their companies, their product portfolios, marketing strategies, technology integrations, and more information about these market players. Some of the major players are as follows:
The Major Key Players Listed in Energy Storage Systems (ESS) Market Report are:
- Samsung SDI
- LG Chem
- Fluence
- Hitachi
- Kokam
- LSIS
- SMA Solar Technology
- NGK
- General Electric
- Primus Power
- Panasonic
- BYD
- Younicos
- ABB
- Saft
- Lockheed Martin Energy
- Eos Energy Storage
- Con Edison Solutions
Global Energy Storage Systems (ESS) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production in the global market and of each type.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Energy Storage Systems (ESS) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Energy Storage Systems (ESS) market.
Global Energy Storage Systems (ESS) Market: Segment Analysis
The research report includes specific segments by region (country), company, Type and Application. This study provides information about the sales and revenue during the historic and forecasted period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Types:
- Lithium
- Lead Acid
- NaS
- Others
By Application:
- Residential
- Utility & Commercial
Geographic Segment Covered in the Report:
The Energy Storage Systems (ESS) report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Study Objectives of this report are:
- To study and analyze the global Energy Storage Systems (ESS) market size (value and volume) by company, key regions/countries, products and applications, history data and forecast.
- To understand the structure of Energy Storage Systems (ESS) market by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Energy Storage Systems (ESS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
- To analyze the Energy Storage Systems (ESS) with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Energy Storage Systems (ESS) submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
This Energy Storage Systems (ESS) Market Research/Analysis Report Contains Answers to the following Questions
- What developments are going on in that technology? Which trends are causing these developments?
- Who are the global key players in this Energy Storage Systems (ESS) market? What are their company profiles, their product information, and contact information?
- What was the global market status of Energy Storage Systems (ESS) market?
- What is the current market status of Energy Storage Systems (ESS) industry? What’s market competition in this industry, both company, and country-wise? What’s the market analysis of Energy Storage Systems (ESS) market by taking applications and types in consideration?
- What will be the estimation of cost and profit?
- What is the economic impact on Energy Storage Systems (ESS) industry? What are global macroeconomic environment analysis results? What are global macroeconomic environment development trends?
- What are the market dynamics of Energy Storage Systems (ESS) market? What are the challenges and opportunities?
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Detailed TOC of Global Energy Storage Systems (ESS) Market Report 2022
1 Study Coverage
1.1 Energy Storage Systems (ESS) Product Introduction
1.2 Market by Type
1.2.1 Global Energy Storage Systems (ESS) Market Size by Type, 2017 VS 2021 VS 2028
1.2.2 Lithium
1.2.3 Lead Acid
1.2.4 NaS
1.2.5 Others
1.3 Market by Application
1.3.1 Global Energy Storage Systems (ESS) Market Size by Application, 2017 VS 2021 VS 2028
1.3.2 Residential
1.3.3 Utility & Commercial
1.4 Study Objectives
1.5 Years Considered
2 Global Energy Storage Systems (ESS) Production
2.1 Global Energy Storage Systems (ESS) Production Capacity (2017-2028)
2.2 Global Energy Storage Systems (ESS) Production by Region: 2017 VS 2021 VS 2028
2.3 Global Energy Storage Systems (ESS) Production by Region
2.3.1 Global Energy Storage Systems (ESS) Historic Production by Region (2017-2022)
2.3.2 Global Energy Storage Systems (ESS) Forecasted Production by Region (2023-2028)
3 Global Energy Storage Systems (ESS) Sales in Volume & Value Estimates and Forecasts
4 Competition by Manufactures
5 Market Size by Type
6 Market Size by Application
7 North America
8 Europe
9 Asia Pacific
10 Latin America
11 Middle East and Africa
12 Corporate Profiles
13 Industry Chain and Sales Channels Analysis
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
15 Key Findings in The Global Energy Storage Systems (ESS) Study
16 Appendix
Continued….
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