Dublin, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The "Breakthrough Advancements in Mechanical Energy Storage Technologies" report has been added to ResearchAndMarkets.com's offering.
This study analyzes breakthrough advancements in mechanical energy storage (MES) technologies. With the decreasing cost of renewable energy, the contribution of clean energy systems to the global electricity mix has significantly increased, reaching around 30% in 2022. This, in turn, has led to an exponential surge in the demand for energy storage technologies.
MES technologies are a set of energy storage solutions ideally placed to meet this demand as they can address grid stability, power quality, and reliability concerns. A defining feature of most MES systems is their extensive storage durations and exceptionally long life, which makes them suitable for grid-scale energy management solutions. These technologies are also being deployed to provide stability to the grid and a range of ancillary services.
This study provides an overview of MES technologies, describing key attributes and identifying the current trends in this space. It also looks at the application areas for these technologies, providing a comparative analysis against competing storage solutions. The study identifies key stakeholders in this space and examines the factors driving and restraining the growth of this market.
The patent landscape and the latest developments in this area, including disruptive MES technologies, have also been discussed. The study concludes by identifying the growth opportunities emerging from the changes in this space for market players and stakeholders to leverage.
Growth Opportunity Universe
- Growth Opportunity 1: Electric Vehicle Fast-charging Network
- Growth Opportunity 2: Microgrids and Distributed Energy Systems
- Growth Opportunity 3: Next-generation Hybrid PHS and Renewable Energy Projects
Key Topics Covered:
Growth Opportunity Analysis
- Scope of Analysis
- Segmentation
- Growth Drivers
- Growth Restraints
MES: Technology Snapshot
- Need for MES Systems
- Role of Energy Storage in Modern Grid
- Key Requirement of Energy Storage Solutions for Various Applications
- PHS - Technology Overview
- PHS - Key Attributes
- CAES - Technology Overview
- CAES - Key Attributes
- FES - Technology Overview
- FES - Key Attributes
- GES - Technology Overview
- GES - Key Attributes
- LAES - Technology Overview
- LAES - Key Attributes
- Comparison of Key Long-duration Energy Storage Technologies
Innovations Ecosystem
- North America and Europe Lead the Way in MES Funding and Supportive Initiatives
- Important Players in the MES Space
- MES Patent Landscape
For more information about this report visit https://www.researchandmarkets.com/r/5suvcr
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