Global Grid Scale Energy Storage Sales Market Report 2018
This report studies the global Grid Scale Energy Storage market status and forecast, categorizes the global Grid Scale Energy Storage market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Grid energy storage is a collection of methods used to store electrical energy on a large scale within an electrical power grid. Electrical energy is stored during times when production (especially from intermittent power plants such as renewable electricity sources such as wind power, tidal power, solar power) exceeds consumption, and returned to the grid when production falls below consumption.
A variety of grid scale energy storage technologies are known to the industry and can be broadly categorized based on the type of energy being stored. Pumped hydro energy storage (PHES) is a well-established energy storage technique; however, because of known challenges, various other energy storage techniques, backed by public and private lending, have surfaced over the last decade. For a market such as energy storage, which is linked to the economy of a country, initiatives related to policy decisions and mass awareness play a key role in the growth. Some countries have introduced reforms / amendments in the policies to encourage the market for energy storage, while others are still debating on it. The White House Summit 2016 is a recent example of such initiatives. At the summit, a range of utility, industry and government storage commitments were highlighted to signify the importance of this subject. Post this, the Federal Energy Regulatory Commission (FERC) started working on re-evaluating some of the policies to encourage energy storage in the US.
The major players covered in this report
- ABB
- Beacon Power
- Hydrostor
- EnerVault
- GE
- Samsung SDI
- S&C Electric
- SustainX
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A variety of grid scale energy storage technologies are known to the industry and can be broadly categorized based on the type of energy being stored. Pumped hydro energy storage (PHES) is a well-established energy storage technique; however, because of known challenges, various other energy storage techniques, backed by public and private lending, have surfaced over the last decade. For a market such as energy storage, which is linked to the economy of a country, initiatives related to policy decisions and mass awareness play a key role in the growth. Some countries have introduced reforms / amendments in the policies to encourage the market for energy storage, while others are still debating on it. The White House Summit 2016 is a recent example of such initiatives. At the summit, a range of utility, industry and government storage commitments were highlighted to signify the importance of this subject. Post this, the Federal Energy Regulatory Commission (FERC) started working on re-evaluating some of the policies to encourage energy storage in the US.
At the time of release of this study, policies favoring renewable energy over other sources were in place in about 50 countries. The common theme across these policies is priority dispatch of electricity from renewable sources, special feed-in tariffs, quota obligations for renewable energy and energy tax exemptions. In addition, legal bindings / agreements, such as COP21, to tackle climate change are encouraging the use of renewable energy, which, in turn, is likely to drive the energy storage industry.
The global Grid Scale Energy Storage market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018–2025.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Singapore
- Rest of Asia-Pacific
- Europe
- Germany
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Table of content
Global Grid Scale Energy Storage Sales Market Report 2018
1 Grid Scale Energy Storage Market Overview
1.1 Product Overview and Scope of Grid Scale Energy Storage
1.2 Classification of Grid Scale Energy Storage by Product Category
1.2.1 Global Grid Scale Energy Storage Market Size (Sales) Comparison by Type (2013–2025)
1.2.2 Global Grid Scale Energy Storage Market Size (Sales) Market Share by Type (Product Category) in 2017
1.2.3 Pumped Hydroelectric Storage System
1.2.4 Thermal Storage
1.2.5 Battery Storage
1.2.6 Compressed Air Energy Storage
1.2.7 Flywheel Storage
1.2.8 Molten Salt Storage
1.3 Global Grid Scale Energy Storage Market by Application/End Users
1.3.1 Global Grid Scale Energy Storage Sales (Volume) and Market Share Comparison by Application (2013–2025)
1.3.1 Mechanical Energy
1.3.2 Chemical Energy
1.3.3 Electrochemical Energy
1.3.4 Thermal Energy
1.3.5 Electromagnetic Energy
1.4 Global Grid Scale Energy Storage Market by Region
1.4.1 Global Grid Scale Energy Storage Market Size (Value) Comparison by Region (2013–2025)
1.4.2 United States Grid Scale Energy Storage Status and Prospect (2013–2025)
1.4.3 Europe Grid Scale Energy Storage Status and Prospect (2013–2025)
1.4.4 China Grid Scale Energy Storage Status and Prospect (2013–2025)
1.4.5 Japan Grid Scal
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