NEW YORK, Feb. 17, 2022 /PRNewswire/ — The vitality storage market forecast report has been added to Technavio’s catalog. The report identifies the market to witness an accelerating development momentum at a CAGR of 61.52% from 2021 to 2026. The vitality storage market potential development distinction might be 500013.15 MW models throughout this era as per the market forecast evaluation.
The vitality storage market is pushed by the rising vitality storage requirement as corporations incur heavy losses if there’s a energy outage for even a minute. Nevertheless, the excessive upfront prices for subsystem parts, set up, and integration could problem the expansion.
Learn the 120-page report with TOC on “Power Storage Market Evaluation Report by Sort (Utility-scale and Behind the meter) and Geography (APAC, North America, Europe, MEA, and South America), and the Phase Forecasts,2022-2026” as you View our Report Snapshot
Prime Power Storage Market Gamers:
- ABB Ltd.
- Amsted Industries Inc.
- EVAPCO Inc.
- Common Electrical Co.
- GS Yuasa Corp.
- Ingersoll Rand Inc.
- LG Electronics Inc.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
- Tesla Inc
Power Storage Market Sort Outlook (Quantity, MW models, 2021-2026)
- Utility-scale – dimension and forecast 2021-2026
- Behind the meter – dimension and forecast 2021-2026
The uility-scale sort phase held the biggest vitality storage market share in 2021. The phase will proceed to account for the very best market share primarily because of the rising development of renewable vitality era and distribution. The utility-scale vitality storage system has a storage capability starting from round a number of megawatt-hours (MWh) to tons of of MWh. Utility-scale stationary battery storage programs are additionally known as front-of-the-meter, large-scale, or grid-scale battery storage and their position in integrating a higher share of variable renewable vitality (VRE) within the system by offering the pliability wanted. Thus, the expansion of renewable vitality era and distribution will drive the phase’s development throughout the forecast interval.
Power Storage Market Geography Outlook (Quantity, MW models, 2021-2026)
- APAC – dimension and forecast 2021-2026
- North America – dimension and forecast 2021-2026
- Europe – dimension and forecast 2021-2026
- MEA – dimension and forecast 2021-2026
- South America – dimension and forecast 2021-2026
APAC held the biggest regional market share of vitality storage market in 2021. The area is anticipated to contribute 58% of the general market development throughout the forecast interval. China and South Korea (Republic of Korea) are the important thing markets for vitality storage in APAC. The US, UK, and Germany are key revenue-generating economies of the vitality storage market. The demand for vitality in APAC is rising because of the rising inhabitants and enhancements in the usual of dwelling. These components have elevated the give attention to extra dependable sources of vitality that may cater to the various demand within the area. As well as, these nations witness frequent energy outages and inadequate energy era capability. These components drive the necessity for elevated investments in electrical energy era and storage within the area.
| Power Storage Market Scope | |
| Report Protection | Particulars |
| Web page quantity | 120 |
| Base yr | 2021 |
| Forecast interval | 2022-2026 |
| Development momentum & CAGR | Speed up at a CAGR of 61.52% |
| Market development 2022-2026 | 50013.15 MW models |
| Market construction | Fragmented |
| YoY development (%) | 46.93 |
| Regional evaluation | APAC, North America, Europe, MEA, and South America |
| Performing market contribution | APAC at 58% |
| Key shopper nations | China, US, South Korea (Republic of Korea), UK, and Germany |
| Aggressive panorama | Main corporations, aggressive methods, shopper engagement scope |
| Corporations profiled | ABB Ltd., Amsted Industries Inc., EVAPCO Inc., Common Electrical Co., GS Yuasa Corp., Ingersoll Rand Inc., LG Electronics Inc., Panasonic Corp., Samsung SDI Co. Ltd., and Tesla Inc. |
| Market Dynamics | Guardian market evaluation, Market development inducers and obstacles, Quick-growing and slow-growing phase evaluation, COVID-19 influence and future shopper dynamics, market situation evaluation for the forecast interval, |
| Customization purview | If our report has not included the information that you’re in search of, you possibly can attain out to our analysts and get segments personalized. |
Key Matters Coated
Govt Abstract
Market Panorama
- Market ecosystem
- Worth chain evaluation
Market Sizing
- Market definition
- Market phase evaluation
- Market dimension 2021
- Market outlook: Forecast for 2021 – 2026
5 Forces Evaluation
- Bargaining energy of patrons
- Bargaining energy of suppliers
- Menace of latest entrants
- Menace of substitutes
- Menace of rivalry
- Market situation
Market Segmentation by Sort
- Market segments
- Comparability by Sort
- Utility-scale – Market dimension and forecast 2021-2026
- Behind the meter – Market dimension and forecast 2021-2026
- Market alternative by Sort
Geographic Panorama
- Geographic segmentation
- Geographic comparability
- APAC – Market dimension and forecast 2021-2026
- North America – Market dimension and forecast 2021-2026
- Europe – Market dimension and forecast 2021-2026
- MEA – Market dimension and forecast 2021-2026
- South America – Market dimension and forecast 2021-2026
- Key main nations
- Market alternative by geography
- Market drivers
- Market challenges
- Market traits
Vendor Panorama
- Vendor panorama
- Panorama disruption
Vendor Evaluation
- Distributors lined
- Market positioning of distributors
- ABB Ltd.
- Amsted Industries Inc.
- EVAPCO Inc.
- Common Electrical Co.
- GS Yuasa Corp.
- Ingersoll Rand Inc.
- LG Electronics Inc.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
- Tesla Inc.
Appendix
- Scope of the report
- Forex conversion charges for US$
- Analysis methodology
- Listing of abbreviations
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