February 17, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Energy Storage Systems Market over the trend period from 2017 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Energy Storage Systems Market Overview:

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.

What is Energy Storage System?

The energy storage system is a device used to convert electrical energy from a power system into a form that can be stored for converting back to electrical energy.

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.

Key Players

Some of the key players in the market are-

  • 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.

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/1751/energy-storage-systems-market.html#form

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176