Dublin, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The "Next Generation Energy Storage Technologies (EST) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The global next generation energy storage technologies (EST) market is on the precipice of a transformative surge, projected to surpass a valuation of US$22.2 billion in 2024. This new market report provides an in-depth analysis spanning from 2024 to 2034, offering crucial insights into the industry's accelerating dynamics, driven by innovation and the urgent demand for sustainable energy solutions.
Next Generation EST Market at the Vanguard of Energy Revolution
The cutting-edge report comprehensively covers the diverse spectrum of next generation energy storage technologies, from advanced battery systems to pioneering hydrogen storage solutions. These technologies are integral in addressing the burgeoning requirements for energy storage precipitated by the integration of intermittent renewable energy sources like wind and solar power, alongside the global impetus for carbon footprint reduction and energy efficiency optimization.
Key Market Drivers and Restraints
Innovative energy storage solutions are becoming crucial as the adoption of electric vehicles (EVs) accelerates and the global economy marches towards electrification. The report spotlights the industry's growth levers, alongside the challenges it faces, including the inherent risks in battery energy storage systems that might hamper market expansion.
- Increasing demand for efficient energy storage driven by the renewable energy sector.
- Heightened emphasis on sustainability and carbon emissions reduction.
- Electric vehicles growth accelerating the need for high-performance storage solutions.
- Risk associated with battery energy storage systems presenting growth obstacles.
Detailed Market Assessments and Forecasts
The report offers a granular examination of the next generation energy storage technologies market, encompassing key segments like hydrogen fuel cells, advanced battery types, and applications in electric vehicles, residential, commercial, industrial, and utility-scale storage. Projections include detailed revenue forecasts for both global and regional markets, underlining the pivotal areas for investment and revenue generation.
- Revenue forecasts to 2034 at both global and regional levels.
- Market segment analysis including hydrogen storage, advanced batteries, and mechanical storage.
- In-depth analysis of market dynamics and influential trends.
Profiles of Leading Market Players
The document also provides comprehensive profiles of key market participants, highlighting their operational segments, recent developments, and market prospects through to 2034. From multinational corporations to innovative startups, the report provides an exhaustive rundown on leaders shaping the next generation energy storage landscape.
Strategic Insights for Market Stakeholders
Market stakeholders stand to benefit immensely from the report, which delivers strategic insights into the evolving landscape of the next generation energy storage technologies market. Offering an invaluable competitive edge, the report serves as an indispensable resource for anyone looking to forge a path at the vanguard of the energy storage industry.
- Identification of lucrative market areas with targeted investment recommendations.
- Exclusive projections and analyses to guide strategic planning.
- Information on how COVID-19 is shaping market trajectories and recovery patterns.
This newly published market report is an indispensable tool for foresight, facilitating informed decision-making with robust forecasts and critical analysis. Stakeholders in the energy storage sector and allied industries will find it an unparalleled resource for navigating the complex market landscape of the future.
Disruptive Trends and Market Evolution
As industry dynamics evolve, the report ensures that you stay abreast of pivotal developments and disruptive trends impacting the next generation energy storage technologies market today and into the next decade. With exclusive data and insights, this study positions you ahead of the curve, fostering informed strategic decision-making for long-term success.
The report provides you with the following knowledge:
- Revenue forecasts to 2034 for Next Generation Energy Storage Technologies (EST) Market, 2024 to 2034 Market, with forecasts for hydrogen, mechanical, battery type, application, and technology type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Next Generation Energy Storage Technologies (EST) Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Next Generation Energy Storage Technologies (EST) Market, 2024 to 2034.
Companies Profiled
- AES Energy Storage
- Alevo Group
- BYD
- Fluence Energy
- General Electric Company
- Greensmith Energy Management Systems
- Hitachi Chemical Co., Ltd.
- Leclanché
- LG Chem
- Maxwell Technologies
- NEC
- Panasonic Holdings
- Saft Groupe
- Samsung SDI
- Siemens
- 5N Plus
- AES
- AZUR SPACE Solar Power
- BASF Stationary Energy Storage
- Brill Power
- CATL
- China National Development and Reform Commission
- Energy-Storage.news
- G-Philos Co.,
- Grenergy Renovables
- Korea Electric Power
- Korea Midland Power
- NGK INSULATORS
- NHOA Energy
- NHOA Group
- Quartux
- RayGen Power Plant
- Sella 2
- SolarEdge Technologies
- Solaria
- Tata Power
- Tesla
- Canadian Electricity Association (CEA)
- China Energy Storage Alliance (CNESA)
- Clean Energy Council (CEC, Australia)
- Cornwall Insight Australia
- Electric Power Research Institute (EPRI)
- Global Wind Energy Council (GWEC)
- International Energy Agency (IEA)
- International Renewable Energy Agency (IRENA)
- Korea Institute of Energy Research (KIER)
- National Development and Reform Commission (NDRC)
- National Energy Administration (NEA)
- Saudi Power Procurement Co. (SPPC)
- SEMARNAT (Ministry of Environment and Natural Resources, Mexico)
- Solar Energy Industries Association (SEIA)
- United States Energy Storage Association (ESA)
- Very Fast Frequency Control Ancillary Services (VF FCAS)
For more information about this report visit https://www.researchandmarkets.com/r/5zc910
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