Global demand for electricity is expected to grow by many folds. The demand in the global advanced energy storage systems market is expected to grow to 32,000 TWh by 2035, a 70% increase from 2012. The global consumption of electricity is expected to grow by over 60% from 2011 to 2030. This huge rise in demand has to be met by increased power generation which requires 6,000 GW of added new capacity, apart from the existing capacity.

The developed countries as well as the developing in Asia-Pacific, Europe and North America, are keen towards energy infrastructure upgrades to meet the growing demand for power and taking measures to control energy future consumption. With this objective the energy storage projects are soon to take priority within the energy policies, with the U.S. already having advanced. Electric vehicles is also taking priority with the Electric Vehicle Initiative (EVI) members, including the U.S., U.K., France, Germany, China, Japan, India and others, having pledged to add 20 million new electric vehicles on road by 2020.

The report analyzes and projects the advanced energy storage systems market by technology, geography, and application. The advanced energy storage systems market by technology includes pumped hydro, compressed air, battery, and flywheel segments, while the market by geography includes Asia-Pacific, Europe, North America, and the ROW. The market is also classified by applications that include grid storage and transportation.
The report also includes market share, value chain analyses, Porters five force analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, it presents a competitive landscape and company profiles of 20 key battery manufacturers in the market.

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