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(CityRegions.Com, August 23, 2017 ) Description:
Global Advanced Energy Storage Systems market is accounted for $13.64 billion in 2015 and is expected to reach $19.59 billion by 2022 growing at a CAGR of 5.3%. The new energy conservation policies are shifting its focus from conventional modes to alternative energy system. In Advanced energy storage systems the energy resources are renewable source and intermittent energy source, using these energy resources the number of power plants are reduced, this is estimated to be the major driving factor of the market growth. Some resources producing pollution thus increasing the environmental concern is the only restraint challenging the market growth.
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Transportation segment among the applications is accounted for largest market share owing to increasing use of electric vehicles compared to conventional. Moreover Li-Ion batteries in technology segment are growing at a strong pace because of its usage in energy storage in transportation and residential purposes. The North America holds largest share of the overall installed capacity of advanced energy storage. But Asia Pacific is anticipated to dominate the market in the forthcoming years.
Some of the key players in are ABB Limited, Beacon Power LLC., BYD Company Ltd., Calmac Manufacturing Corp., China BAK Batteries, Inc., Enersys, Exide Technologies, GS Yuasa Corporation, Hitachi Ltd., LG Chem. Ltd., Maxwell Technologies Inc., NGK Insulators Ltd., Nippon Chemi-Con Corporation, Saft Groupe S.A, Samsung SDI, Co., Ltd. and Toshiba Corporation.
Technologies Covered:
Flywheels
Thermal
Batteries
Lithium ION Battery Technology
NAS Battery Storage Technology
Flow Battery Energy Storage Technology
Compressed Air
CAES Energy Storage Technology
Molten Salt
Pumped Hydro Storage Technology
Super Capacitors Energy Storage Technology
Applications Covered:
Grid Storage
Transportation
End Users Covered:
Electric Vehicles
Residential & Non-Residential
Utility
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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What our report offers:
- Market share assessments for the regional and country level segments
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Source: EmailWire.Com 
Source: EmailWire.com
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