Energy Storage Technologies & Markets - 2022-2030 – With Corona & COP26 Impacts

The 326-page Energy Storage Market & Technologies – 2022-2030 – With Corona & COP26 Impacts report is based on bottom-up research of 311 Submarkets of the Energy Storage industry. The report thoroughly analyzes 5 technologies, 5 regional, 5 revenue sources and 60 national Energy Storage related markets. It is an open secret that Energy Storage is a Game Changer in the Electric Industry.

To address peak demand, Solar, Wind, and several other electric energy sources require large scale investments in energy storage facilities

Energy Storage Technologies

According to the report:

The 2026 market would reach $125 billion

Grid-Scale Battery Storage will dominate the 2024-2030 storage systems market

Following Russia’s invasion of Ukraine, governments consider sweeping changes to planning laws and investments to improve their energy security

Despite the raw material price rising, battery costs continued to drop. Globally, capacity additions continue to surpass projections with no slowdown in sight. While most of the expansion has been in utility-scale storage projects, residential, microgrids and commercial storage projects continue to grow steadily.

The energy storage Industry will achieve by 2030 the following Levelized Cost of Storage (LCOS) targets:

A $0.05/KWh LCOS for long-duration stationary applications, a 90% reduction from 2020 baseline costs. Realizing this LCOS would enable commercial feasibility for energy storage, including load supply during peak demand and other applications to ensure energy reliability.

An $80/KWh cost of production for a battery pack by 2030 for 500 Km range electric cars, a 43% reduction from the current cost of $140 per KWh. It would lead to cost-competitive electric vehicles and stationary storage applications.

A $200/KWh LCOS for Flow batteries – a 45% reduction from the 2020 baseline.

The U.S. and China (which emitted 36% of the world’s GHG in 2021) will spend >37% of the global Energy Storage expenditure.

In 2021 pumped storage hydropower dominated (>96%) in total megawatts deployed

The private sector will finance > 90% of the market.

Key market drivers are:

To reach Net-Zero, we must invest in Energy Storage technologies

Energy storage is a must-have energy source at times of peak power demand

To address the grid peak demand, Solar, Wind, and several other electric energy sources require large scale investments in energy storage facilities

The Russian – Ukraine war presents a threat to Europe’s energy security, resulting in accelerated investments in renewable energy and storage projects.

Investors’ eagerness for financing the green revolution

The multi-trillion USD market offers dozens of business opportunities to the private sector

Unprecedented public support (> 60%) drives governments and the private sector to invest in the green revolution.

Multi-Billion investments in EV battery manufacturing and R&D will reduce the price of battery-based storage installations

Government subsidies and investments

This market report is the utmost comprehensive review of the Energy Storage market research today.

Questions answered in this report include:

What will the 2022-2030 Energy Storage market size be?

How do COP26 & Corona affect the Energy Storage market?

Which submarkets provide attractive business opportunities?

What drives customers to invest?

What are the technologies trends?

What are the challenges to market penetration & growth?

How much are countries expected to invest in Energy Storage?

What does the Energy Storage Market & Technologies – 2022-2030 – With Corona & COP26 Impacts report give you?

A. The Energy Storage market size data is analyzed via four independent perspectives.

1. By 5 Energy Storage Technologies:

Grid-Scale Battery Storage

Thermal Energy Storage

Compressed-Air Energy Storage

Pumped Storage Hydropower

Other Energy Storage Technologies (e.g., Mechanical Storage, EV & Residential battery storage)

2. By 5 Revenue Source Markets:

Infrastructure

Product Sales

Maintenance

Upgrades

Other

3. By 5 Regional Markets:

North America

Latin America

Europe

Middle East & Africa

Asia Pacific

4. By 60 National Markets:

The U.S.

Canada

Argentina

Brazil

Chile

Colombia

Cuba

Ecuador

Mexico

Peru

Puerto Rico

Venezuela

Rest of Latin America

Austria

Belarus

Belgium

Bulgaria

Czech Republic

Denmark

Finland

France

Germany

Greece

Hungary

Italy

Netherlands

Norway

Poland

Portugal

Romania

Russia

Serbia

Slovakia

Spain

Sweden

Switzerland

UK

Ukraine

Rest of Europe

Algeria

Egypt

Iran

Israel

Kuwait

Saudi Arabia

South Africa

Turkey

UAE

Rest of MEA

Australia

China

India

Indonesia

Japan

Kazakhstan

Philippines

South Korea

Thailand

Vietnam

Rest of Asia-Pacific

B. Detailed market analysis frameworks are provided, including:

Market drivers & inhibitors

Business opportunities

SWOT analysis

Competitive analysis

Business environment

The 2020-2030 market

Industry Value Chain

Financing & Loans

Governmental R&D Funding

C. Companies mentioned in the report:

ABB

Abengoa Solar

AEG Power Solutions

AES Energy Storage LLC

ALACAES

Alstom Power, Inc.

Apex CAES

Babcock Power

Baltimore Aircoil Company

Bath County Pumped Storage

Burns & Mcdonnel

BYD

Calmac

Castaic Power Plant

Chaira Hydropower Cascade

Climate Change Technologies

DC Pro Engineering

Delta Electronics, Inc.

Dinorwig Power

DN Tanks

Entracque Power

General Compression

General Electric

Grand`Maison

Guangdong Pumped Storage

Hitachi

Huizhou Pumped Storage

Hydrostor Inc.

Ice Energy Technologies Inc.

Ingula Pumped Storage Scheme

Johnson Controls

La Muela II Pumped Storage

LG Chem

Liyang Pumped Storage

Ludington

Magnum Development LLC

MAN SE

Mingtan

NEC Corporation

NG Advantage

Pacific Gas and Electric Company

Panasonic

Presa de Aldead

Primus Power

Qingyuan

Raccoon Mountain

Samsung SDI

Sardar Sarovar

Sener Group

Shin Takasegawa

Siemens AG

Solar Turbines, Inc.

Storelectric Ltd.

Tesla

Tianhuangping

Toshiba

TrinaBESS

Vattenfall

D. 35 Traded Companies are mentioned in the report

Why Buy:

Bottom-up Research. The report provides you with exhaustive bottom-up research of 311 Energy Storage related markets.

Unique Analysts Team. Our multilingual team brings 40 years of hands-on record in the industry, corporate positions of chairperson, CEO, CTO, chief scientist, VP R & R&D, VP marketing, $8 B of products commercialization. The team published 352 market reports.

Extensive Research. The report research team conducted interviews with dozens of experts. It reviewed over 380 reports, documents and papers published by other experts (including, for example, DOE, IEA, IRENA, the UN, the White House, the EU, US Congress CRS, the UK, German, PRC, Indian and other government agencies, SEC filings, investors’ presentations and more).

Multi-Source Intelligence Verification. With a highly fragmented market, we addressed each dollar spent. The global warming mitigation market was analyzed and crosschecked via 4 orthogonal viewpoints: technologies and services, countries, revenue sources and regions.

COP26 Revision. To guarantee the accuracy of the data and market size forecasts, we revised the report by following and analyzing the Glasgow COP26 meetings deliberations and investment pledges.

Money Trail. The report is the only study of ‘when?’, ‘where?’, ‘why?’ and ‘how much?’ of the cumulative 2022-2030 $2.21 trillion go to market.

Report Excel. Once you buy the report, you can get for a nominal price its Excel version.