The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion on grids, and supplying power uniformly in distributed generation. They are also used as a primary power source in electric vehicles.
In 2018, the global Energy Storage Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Energy Storage Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Energy Storage Systems development in United States, Europe and China.
The key players covered in this study
GS Yuasa Corporation
General Electric Company
Baltimore Aircoil Company, Inc
BYD Company Limited
Market segment by Type, the product can be split into
Lead Acid battery
Sodium Sulfur (NaS) battery
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Energy Storage Systems status, future forecast, growth opportunity, key market and key players.
To present the Energy Storage Systems development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Energy Storage Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.