Single User License: Advanced Energy Storage Systems Market Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020 USD 4315.5     Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Flat 10% Discount!! Free Customization as per your requirement You will get Custom Report at Syndicated Report price Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT DESCRIPTION The global market for advanced energy storage systems consists of wide range of technologies at different maturity levels. The landscape of market comprises of companies from start-ups to multinational companies and due to varied technological spectrum, the contraction or expansion of the global advanced energy storage market is affected by the impacts of country’s policies and economic situations. According to the International Energy Outlook 2013, the world energy consumption will grow by 56% between 2010 and 2040. This growth in demand for electricity has to be matched with increased generation capacity and changing demand peaks, thereby making energy storage essential criteria in the entire energy system. Also, the energy conservation policies are shifting the interest from fossil energy to alternative energy which will further augment the market for advanced energy storage system. Complete Report with TOC : http://www.transparencymarketresearch.com/advanced-energy-storagesystems.html Some of the drivers in the global advanced energy storage systems market include: growing smart grid installation, growing renewable implementation, grants & funding by the government and increasing demand for electric and hybrid vehicles. The global increase in demand for electricity has increased the transmission & distribution network alongwith the grid connections which have led to increased grid storage and transportation facilities. These factors are encouraging the demand for electric and hybrid vehicles and are driving the global market for advanced energy storage systems. Although the capital intensive nature of the storage systems offers resistance to the global market for advanced energy storage systems, the opportunities provided by the renewable energy integration and lithium energy technology is expected to bolster the market for advanced energy storage systems in the future. According to the International Renewable Energy Agency, the renewable installations in Europe has increased and is expected to serve as another market opportunity for the global advanced energy storage systems market. The advanced energy market is a wide market that can be fragmented into seven energy segments as: • Electricity generation • Fuel production • Buildings • Industry • Transportation • Fuel delivery • Electricity delivery and management The electricity generation comprises of the maximum share in the advanced energy market. In 2013, the United States stood as the market leader in advanced energy systems market with a surge in the transportation, buildings and industry segment. On the basis of technology, the global market for advanced energy storage systems can be segmented as: • Pumped hydro • Flywheels • Batteries • Fuel cells • Superconducting magnets (SMES) • Super capacitors • Compressed air energy storage (CAES) The flywheel-advanced energy storage technology is reported to receive funding from governmental agencies: Beacon Power Corporation, U.S., received USD 2.25 million from U.S. Department of Energy; this serves as the booster for market growth. The pumped hydro storage technology is by far the most prominent of all the technologies with longer discharge time; it is globally used for peak shaving and load balancing in the grid storage. On the basis of applications, the global market for advanced energy storage systems can be segmented as: • Grid storage • Transportation Some of the key players in the global advanced energy storage systems market are: Active Power, Inc., Altair Nanotechnologies Inc., BYD Company Ltd., Energizer Holdings Inc., Electrovaya Inc., China Bak Battery Inc., Maxwell Technologies, Enersys, Nippon Chemi-Con Corporation, Exide Technologies, Toshiba Corporation, SAFT, The Furukawa Battery Co. Ltd., Sony, Valence Technology, GS Yuasa Corporation, Hitachi and LG Chem Ltd. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge. 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The global market for advanced energy storage systems consists of wide range of technologies at different maturity levels. The landscape of market comprises of companies from start-ups to multinational companies and due to varied technological spectrum, the contraction or expansion of the global advanced energy storage market is affected by the impacts of country’s policies and economic situations. According to the International Energy Outlook 2013, the world energy consumption will grow by 56% between 2010 and 2040. This growth in demand for electricity has to be matched with increased generation capacity and changing demand peaks, thereby making energy storage essential criteria in the entire energy system. Also, the energy conservation policies are shifting the interest from fossil energy to alternative energy which will further augment the market for advanced energy storage system. Interpret a Competitive outlook Analysis Report with free PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2852