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The energy storage market share is expected to increase by 50013.15-megawatt units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 61.52%.
This energy storage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers energy storage market segmentation by the following:
The energy storage market report also offers information on several market vendors, including ABB Ltd., Amsted Industries Inc., EVAPCO Inc., General Electric Co., GS Yuasa Corp., Ingersoll Rand Inc., LG Electronics Inc., Panasonic Corp., Samsung SDI Co. Ltd., and Tesla Inc. among others.
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58% of the market's growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for energy storage in APAC. Market growth in this region will be faster than the growth of the market in North America and Europe.
The significant increase in the demand for energy due to the rapid growth in population and improvements in the standard of living will facilitate the energy storage market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 led to a disrupted supply chain and the delay in new capacity installations, which hindered the growth of the regional market. However, in the first half of 2021, the resumption of operations in manufacturing hubs with the lifting of lockdown measures and the increased preference for sustainable power sources proliferated the growth of the regional market. Such factors are expected to fuel the regional market's growth during the forecast period.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market Characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis : Renewable Electricity
*2.2.1 Inputs
*2.2.2 Electricity generation
*2.2.3 Electricity transmission
*2.2.4 Electricity distribution
*2.2.5 End-users
*2.2.6 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 13: Global - Market size and forecast 2021 - 2026 (MW)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Type - Market share 2021-2026 (%)
**5.2 Comparison by Type
*Exhibit 23: Comparison by Type
**5.3 Utility-scale - Market size and forecast 2021-2026
*Exhibit 24: Utility-scale - Market size and forecast 2021-2026 (MW)
*Exhibit 25: Utility-scale - Year-over-year growth 2021-2026 (%)
**5.4 Behind the meter - Market size and forecast 2021-2026
*Exhibit 26: Behind the meter - Market size and forecast 2021-2026 (MW)
*Exhibit 27: Behind the meter - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 28: Market opportunity by Type
***6. Customer landscape
**6.1 Overview
*Exhibit 29: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 32: APAC - Market size and forecast 2021-2026 (MW)
*Exhibit 33: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 34: North America - Market size and forecast 2021-2026 (MW)
*Exhibit 35: North America - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 36: Europe - Market size and forecast 2021-2026 (MW)
*Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)
**7.6 MEA - Market size and forecast 2021-2026
*Exhibit 38: MEA - Market size and forecast 2021-2026 (MW)
*Exhibit 39: MEA - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 40: South America - Market size and forecast 2021-2026 (MW)
*Exhibit 41: South America - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 42: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 43: Market opportunity by geography (MW)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing energy storage requirement
*8.1.2 Government initiatives to promote energy storage
*8.1.3 Increasing demand for concentrating solar power (CSP)
**8.2 Market challenges
*8.2.1 High upfront costs
*8.2.2 High regulatory barriers
*8.2.3 Widening demand-supply gap
*Exhibit 44: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 High upfront costs
*8.3.2 High regulatory barriers
*8.3.3 Widening demand-supply gap
***9. Vendor Landscape
**9.1 Overview
*Exhibit 45: Vendor landscape
**9.2 Landscape disruption
*Exhibit 46: Landscape disruption
*Exhibit 47: Industry risks
**9.3 Competitive scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 48: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 49: Market positioning of vendors
**10.3 ABB Ltd.
*Exhibit 50: ABB Ltd. - Overview
*Exhibit 51: ABB Ltd. - Business segments
*Exhibit 52: ABB Ltd. - Key news
*Exhibit 53: ABB Ltd. - Key offerings
*Exhibit 54: ABB Ltd. - Segment focus
**10.4 Amsted Industries Inc.
*Exhibit 55: Amsted Industries Inc. - Overview
*Exhibit 56: Amsted Industries Inc. - Product and service
*Exhibit 57: Amsted Industries Inc. - Key offerings
**10.5 EVAPCO Inc.
*Exhibit 58: EVAPCO Inc. - Overview
*Exhibit 59: EVAPCO Inc. - Product and service
*Exhibit 60: EVAPCO Inc. - Key offerings
**10.6 General Electric Co.
*Exhibit 61: General Electric Co. - Overview
*Exhibit 62: General Electric Co. - Business segments
*Exhibit 63: General Electric Co. - Key news
*Exhibit 64: General Electric Co. - Key offerings
*Exhibit 65: General Electric Co. - Segment focus
**10.7 GS Yuasa Corp.
*Exhibit 66: GS Yuasa Corp. - Overview
*Exhibit 67: GS Yuasa Corp. - Business segments
*Exhibit 68: GS Yuasa Corp. - Key news
*Exhibit 69: GS Yuasa Corp. - Key offerings
*Exhibit 70: GS Yuasa Corp. - Segment focus
**10.8 Ingersoll Rand Inc.
*Exhibit 71: Ingersoll Rand Inc. - Overview
*Exhibit 72: Ingersoll Rand Inc. - Product and service
*Exhibit 73: Ingersoll Rand Inc. - Key offerings
**10.9 LG Electronics Inc.
*Exhibit 74: LG Electronics Inc. - Overview
*Exhibit 75: LG Electronics Inc. - Business segments
*Exhibit 76: LG Electronics Inc. - Key news
*Exhibit 77: LG Electronics Inc. - Key offerings
*Exhibit 78: LG Electronics Inc. - Segment focus
**10.10 Panasonic Corp.
*Exhibit 79: Panasonic Corp. - Overview
*Exhibit 80: Panasonic Corp. - Business segments
*Exhibit 81: Panasonic Corp. - Key news
*Exhibit 82: Panasonic Corp. - Key offerings
*Exhibit 83: Panasonic Corp. - Segment focus
**10.11 Samsung SDI Co. Ltd.
*Exhibit 84: Samsung SDI Co. Ltd. - Overview
*Exhibit 85: Samsung SDI Co. Ltd. - Business segments
*Exhibit 86: Samsung SDI Co. Ltd. - Key news
*Exhibit 87: Samsung SDI Co. Ltd. - Key offerings
*Exhibit 88: Samsung SDI Co. Ltd. - Segment focus
**10.12 Tesla Inc.
*Exhibit 89: Tesla Inc. - Overview
*Exhibit 90: Tesla Inc. - Business segments
*Exhibit 91: Tesla Inc. - Key offerings
*Exhibit 92: Tesla Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 93: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 94: Research Methodology
*Exhibit 95: Validation techniques employed for market sizing
*Exhibit 96: Information sources
**11.4 List of abbreviations
*Exhibit 97: List of abbreviations
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