Global Energy Storage Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The Global Energy Storage Market size is expected to grow at an annual average of 16.3% during 2021-2027. In order to make the power industry more efficient, energy storage, a new trend in power production in recent years, is rapidly developing. Factors such as the growth of the renewable energy sector, government support policies and plans for energy storage systems (ESS), and the improvement of the energy storage economy are expected to be key drivers of the energy storage market in the future.

The following Segmentation are covered in this report:

By Type

• Batteries
• Pumped-storage Hydroelectricity (PSH)
• Thermal Energy Storage (TES)
• Flywheel Energy Storage (FES)
• Others

By Application

• Residential
• Commercial and Industrial

Company Profile

• GS Yuasa Corporation
• Contemporary Amperex Technology Co. Limited
• UNIENERGY TECHNOLOGIES LLC
• BYD Co. Ltd
• Johnson Controls International PLC

Scope of the Report

The research study analyses the global Energy Storage industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by Energy Storage Market Report

• What was the Energy Storage Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Energy Storage Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Energy Storage Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.