Stratview Research has published a new report on the ENERGY STORAGE SYSTEMS Market, segmented by Technology Type (Pumped Hydro, Electro Chemical (Lithium Ion Battery, Sodium Sulphur Battery, Lead Acid Battery, Flow Battery, and Others), Electro-Mechanical (Flywheel and Compressed Air Energy Storage), Thermal (Water, Molten Salts, Phase Change Materials, and Others)), by Application Type (Electric Energy Time Shift, Electric Supply Capacity, Black Start, Renewable Capacity Firming, Frequency Regulation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Market Highlights
Energy storage systems market demand was estimated at 210.94 GW in 2021 and is likely to grow at a CAGR of 11.1% from 2022-2028 to reach 440.71 GW in 2028.
Drivers
• Increasing demand for continuous electricity supply and growing focus on renewable energy is likely to boost the growth of the energy storage systems market.
• Governments have been compelled to make significant investments in sustainable future initiatives due to increasing carbon emissions and diminishing environmental circumstances. As a result, spending on infrastructure and the development of renewable energy sources has grown recently.
• The global market for energy storage systems is crowded with regional and international companies. This makes the landscape disintegrated in nature.
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1751/energy-storage-systems-market.html#form

Segmentation –
This report studies the ENERGY STORAGE SYSTEMS Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

By Technology Type:
• Pumped Hydro
• Electro-Chemical
• Electro-Mechanical
• Thermal
By Application Type:
• Electric Energy Time Shift
• Electric Supply Capacity
• Black Start
• Renewable Capacity Firming
• Frequency Regulation
• Others
By Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Following are the key players in the ENERGY STORAGE SYSTEMS Market:
• Samsung SDI
• Tesla Inc.
• Panasonic
• Hitachi Chemical
• GS Yuasa
• J-Power
• LG Chem
• Exide Technologies
• Toshiba
• BYD Co
• Sinohydro
• Voith
• EDF
• Dongfang Electric
• Goss Engineering
• Evapco
• Steffes Corporation
• Genex Power Limited
• Alstom
• Schluchseewerk AG.
About Stratview Research-
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