December 18, 2013 10:30 ET

Advanced Energy Storage Systems Market Worth $10 Billion by 2018 Forecasted in MarketsandMarkets Recent Report

DALLAS, TEXAS--(Marketwired - Dec. 18, 2013) - The report "Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage & Transportation), & Geography - Global Trends & Forecast to 2018" by MarketsandMarkets, defines and segments the advanced energy storage systems market with analysis and forecasts of the global revenue.

Browse 105 market data tables with 25 figures spread through 263 pages and in-depth TOC on "Advanced Energy Storage Systems Market"

The advanced energy storage systems market is estimated to grow from over $4 billion in 2012 to nearly $10 billion by 2018, at a CAGR of over 16%. Increased electricity generation coupled with complex demand patterns and growing need of electric vehicles drive the need for energy storage systems.

The developed countries as well as the developing in Asia-Pacific, Europe and North America, are keen towards energy infrastructure upgrades to meet the growing demand for power and taking measures to control energy future consumption. Electric vehicles is also taking priority with the Electric Vehicle Initiative (EVI) members, including the U.S., U.K., France, Germany, China, Japan, India and others, having pledged to add 20 million new electric vehicles on road by 2020. Grid scale projects are expected to increase in the future for better peak demand management for provision of power quality and optimize generation by effectively integrating renewable power.

The report analyzes and projects the Advanced Energy Storage Systems Market by technology, geography, and application. The Advanced Energy Storage Systems Market by technology includes pumped hydro, compressed air, battery, and flywheel segments, while the market by geography includes Asia-Pacific, Europe, North America, and the ROW. The market is also classified by applications that include grid storage and transportation.

The report also includes market share, value chain analyses, Porters five force analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents a competitive landscape and company profiles of 20 key battery manufacturers in the market.

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