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Advanced Energy Storage Systems Market to grow $10 Billion by 2018 at a CAGR of 10%

The report “Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage & Transportation), & Geography - Global Trends & Forecast to 2018” defines and segments the global advanced energy storage systems market with analysis and forecasts of the global revenue. The advanced energy storage systems market is estimated to grow from over $4 billion in 2012 to nearly $10 billion by 2018, at a CAGR of over 16%.

Browse 105 market data tables with 25 figures spread through 263 pages and in-depth TOC on "Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage & Transportation), & Geography - Global Trends & Forecast to 2018”
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The global advanced energy storage systems market is likely to witness a CAGR of over 10% from 2013 to 2018. Europe represents the largest market in terms of value, followed by Asia-Pacific in 2012. However, largest market gainers by 2018 include Asia-Pacific and North America with increasing electricity needs, and energy efficiency measures.

Pumped hydro storage, which is the oldest of all the storage technologies, includes few large global players as well as several regional players. Few of the global players include Alstom SA (France), Voith GmbH (Germany), Andritz VA Tech Hydro GmbH (Austria), Doosan Corp. (South Korea) and Sumitomo Corp. (Japan). These top five players had accounted for nearly 60% of the market in the last ten years (2002 to 2012) by installed power.

Grid storage by battery is also dominated by few large players which include A123 Systems (U.S.), Xtreme Power (U.S.), and NGK Insulators (Japan). These players, together, had a market share of more than 60% in the last five years (2007 to 2012) by installed power.

Alstom is a leading player, providing pumped hydro storage technology all across the world. Its hydro storage products include pumped turbines, motor generators, control systems and all other related systems. It holds the record of having supplied more than 300 pumped motor generators in the last 50 years. Alstom’s strong R&D initiatives helped it gain a strong position in variable speed pumped storage.

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Voith GmbH is another key market player and has been in the pumped hydro storage technology market for more than 100 years. Its offering include pumped hydro storage plants, pump turbines, motor generators, automation equipment, shut-off devices, and power-station electric and mechanical equipment. Voith has so far installed more than 400 hydro storage units, worldwide.

Andritz, having acquired VA Tech Hydro GmbH in 2006, is another major technology supplier in the pumped hydro storage technology market. It offers pumps, pump turbine, motor generators, variable speed generators, penstocks and manifolds, and others.

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