Global Energy Storage Systems (ESS) Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2019 – 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction:
Global energy storage system market is valued at USD XXX Billion in 2019 and is projected to reach USD XXX Billion by 2025, at a CAGR of XX% from 2020 to 2025. As the global energy consumption is increasing exponentially which has led to increase in electricity demand across the globe, to meet this increasing demand the paradigm is shifting towards power generated from renewable sources and this provides a great opportunity for Energy Storage System (ESS) and boast a great opportunity for them to earn a lot of profits. People also deploy this energy storage system to have uninterrupted power supply during power cuts hours. Increase in number of sales of hybrid vehicles and plug in electric vehicles has also bring in various new opportunities to boost the energy storage system market size. In simple word if we can sum up the factors which are pushing the market size for energy storage systems are: growth in renewable energy sectors, supportive government policies and schemes and advancement in energy storage technologies are many of the few. Residential sector has highest market share by application and as there is no slowing down in construction of houses it is expected to be the highest one in the coming years as well. Commercial and industrial are new emerging sector where they are now emphasizing more on renewable resources for power generation and thus storage system is required for the storage of energy.
However, lack of clarity and ambiguity in various government decision regarding manufacturing and use of this energy storage system which in turn affecting and restricting market growth of this system in various countries all across the globe.
Geographical Overview:
At a global level, Asia-Pacific region was holding the highest market share in 2019 and  is expected to dominate in the coming years, owing the presence of many big manufacturers of energy storage systems and their focus is on technological advancement. It is also dominant because of the continuous increase in the demand of energy storage system by the countries like China, India and South Korea. Whereas, European region is considered the fastest-growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. Countries like Germany, France, Finland, Norway and many more are boasting towards new carbon free energy systems thus providing new virtue for this system.
Segmental Overview:
Energy Storage System Market is segmented as per below specifications  
By Application
•	Transportation
•	Grid Storage
By End-User
•	Residential
•	Non-Residential
•	Utility
By Technology
•	Electro Chemical
o	Lithium-Ion Battery
o	Lead Acid Battery
o	Sodium Sulfur Battery
o	Flow Battery
o	Nickel Metal Hybrid (NMH) & Nickel Metal Cadmium (NMC)
•	Mechanical
o	Pumped Hydro
o	Flywheel
o	Compressed Air Energy Storage (CAES) & Liquid Air Energy Storage (LAES)
•	Thermal Storage
o	Thermo Chemical
o	Sensible
o	Latent

Competitor Analysis
Energy Storage System Market has presence of some of the key major players across globe which includes
•	Exide Industries Ltd.
•	SMA Solar Technology AG
•	Autobat SACI
•	Scheider Electric
•	SK Holdings
•	Imergy Power Systems
•	Enerbrax Acumuladores Ltd.
•	Eguana Technologies
•	Beacon Power
•	Tata Power
•	Ionotec Ltd.
•	ABB Ltd.
•	LG Chem.
•	Convergent Energy and Power Inc.
•	AES Energy Storage
•	BYD Company Ltd.
•	Greensmith Energy Maintenance Systems
•	Eos Energy Storage
•	S&C Electric Company
•	Seeo Inc.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  
By Geographical Locations: 
•	North America
o	U.S.
o	Canada
•	Europe
o	U.K.
o	France
o	Italy
o	Germany
o	Spain
o	Russia & CIS
o	Rest of Europe
•	Asia-Pacific
o	China 
o	India
o	Japan
o	South Korea
o	ASEAN
o	Rest of Asia Pacific 
•	Latin America
o	Brazil
o	Argentina
o	Rest of LATAM
•	Middle East & Africa
o	UAE
o	South Africa
o	Rest of MEA
Highlights of the report
What is Energy Storage System (ESS) Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations