AP NEWS

The Global Market for Mechanical Energy Storage (2018-2022): Amber Kinetics, ANDRITZ, Beacon Power, General Electric, Hitachi Mitsubishi Hydro, and Toshiba are the Dominant Players - ResearchAndMarkets.com

January 9, 2019

DUBLIN--(BUSINESS WIRE)--Jan 9, 2019--The “Global Mechanical Energy Storage Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The mechanical energy storage market will register a CAGR of more than 5% by 2022.

Renewables integration with energy storage to gain traction in the market

Renewable energy technologies such as PV solar and wind power give intermittent outputs. With proper support from the governments and industry, energy storage technologies can enhance the deployment of renewable energy sources and enable the production of greater amounts of clean energy in the future.

Government initiatives to promote energy storage

The need for switching to more efficient, less polluting, and reliable energy sources has grown to achieve a cleaner economy worldwide. As the cost of adopting renewables is high at present, the governments of several countries are offering purchase incentives, subsidies, and feed-in tariffs to facilitate higher adoption.

High upfront costs

The energy storage market has a high potential for growth during the forecast period. However, the high upfront costs of installing energy storage systems threaten to hamper growth.

Key Players

Amber Kinetics ANDRITZ Beacon Power General Electric Hitachi Mitsubishi Hydro Toshiba

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 05: MARKET SIZING

Market definition Market sizing 2017 Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

Segmentation by technology Comparison by technology Pumped hydroelectric energy storage - Market size and forecast 2017-2022 Flywheel energy storage - Market size and forecast 2017-2022 Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

Geographical segmentation Regional comparison APAC - Market size and forecast 2017-2022 EMEA - Market size and forecast 2017-2022 Americas - Market size and forecast 2017-2022 Key leading countries Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

Renewables integration with energy storage Flywheel energy storage for transportation Growing need for continuous power supply

PART 13: VENDOR LANDSCAPE

Overview Landscape disruption Competitive scenario

PART 14: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Amber Kinetics ANDRITZ Beacon Power General Electric Hitachi Mitsubishi Hydro Toshiba

For more information about this report visit https://www.researchandmarkets.com/research/nnrgkm/the_global_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005391/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Energy Storage

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OTHER ENERGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/09/2019 07:10 AM/DISC: 01/09/2019 07:11 AM

http://www.businesswire.com/news/home/20190109005391/en

AP RADIO
Update hourly