Market Forecast By Technology (Batteries, Flywheel, Thermal, Compressed Air & Others), By Applications ( Residential, Transportation, Commercial & Industrial and Power Utilities), By Countries (UAE, Saudi Arabia, Turkey, Kuwait, Qatar, Oman, Bahrain, South Africa, Egypt, Nigeria and Rest of the Region) and Competitive Landscape.
Product Code: ETC000944 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Middle East region has diversified its economy from oil sector towards renewable energy sources. UAE aims to produce nearly half of its electricity through renewables by 2050. To ensure its sustainable energy goals, the countries government aims to have intermittency of renewable energy supply as well as viable storage solutions. Middle East and Africa advance energy storage market is growing rapidly primarily due to expansion of renewable energy resources, upgrading utility grid networks as well as rising energy demand costs. The demand for batteries has increased in Middle East as a preferred energy storage solution primarily due technological innovation and reduction of battery costs.
According to 6Wresearch, Middle East and Africa advance energy storage market size has tremendous growth prospects during the forecast period 2019-2025. Countries are taking several initiatives to develop its advance energy storage systems network. For instance, Dubai has installed a huge battery energy storage facility at Mohammed bin Rashid Al Maktoum solar park in 2018. Further, The Al Badiya plant at Al-Mafraq in Jordan was the regions first solar power plant combined with a storage facility. The plant joins 23 megawatt (MW) solar farm with a 12.6 MWh storage capacity using lithium-ion batteries. In February 2019, Abu Dhabi has installed a major virtual battery plant with a storage capacity of 648 MWh to maintain demand on the grid and prepare for outage.
On the basis of application, power utility segment accounted for major demand for advance energy storage in the region on the back of surging power utility projects in the region. In terms of technology, lithium-ion batteries are in huge demand in the Middle East and Africa advance energy storage market.
The Middle East and Africa advance energy storage market report thoroughly covers the market by technology, by applications and by countries. The Middle East and Africa advance energy storage market outlook report provides an unbiased and detailed analysis of the on-going Middle East and Africa advance energy storage market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The MEA advance energy storage market research report provides a detailed analysis of the following market segments:
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1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Middle East & Africa Advanced Energy Storage Market Overview |
3.1 Middle East & Africa Advanced Energy Storage Market Revenues, 2015-2025F |
3.2 Middle East & Africa Advanced Energy Storage Market Revenue Share, By Technology, 2018 & 2025F |
3.3 Middle East & Africa Advanced Energy Storage Market Revenue Share, By Applications, 2018 & 2025F |
3.4 Middle East & Africa Advanced Energy Storage Market Revenue Share, By Countries, 2018 & 2025F |
3.5 Middle East & Africa Advanced Energy Storage Market Industry Life Cycle |
3.6 Middle East & Africa Advanced Energy Storage Market- Porter’s Five Forces, 2018 |
4. Middle East & Africa Advanced Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Middle East & Africa Advanced Energy Storage Market Trends |
6. Middle East & Africa Electro Chemical Advanced Energy Storage Market Overview |
6.1 Middle East & Africa Electro Chemical Advanced Energy Storage Market Revenues, 2015-2025F |
6.1.1 Middle East & Africa Electro Chemical Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F |
7. Middle East & Africa Thermal Advanced Energy Storage Market Overview |
7.1 Middle East & Africa Thermal Advanced Energy Storage Market Revenues, 2015-2025F |
7.1.1 Middle East & Africa Thermal Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F |
8. Middle East & Africa Mechanical Advanced Energy Storage Market Overview |
8.1 Middle East & Africa Mechanical Advanced Energy Storage Market Revenues, 2015-2025F |
8.1.1 Middle East & Africa Mechanical Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F |
9. Middle East & Africa Other Technologies Advanced Energy Storage Market Overview |
9.1 Middle East & Africa Other Technologies Advanced Energy Storage Market Revenues, 2015-2025F |
9.1.1 Middle East & Africa Other Technologies Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F |
10. Turkey Advanced Energy Storage Market Overview |
10.1 Turkey Advanced Energy Storage Market Revenues, 2015-2025F |
10.2 Turkey Advanced Energy Storage Market Revenues, By Technology, 2015-2025F |
10.3 Turkey Advanced Energy Storage Market Revenues, By Applications, 2015-2025F |
11. Saudi Arabia Advanced Energy Storage Market Overview |
11.1 Saudi Arabia Advanced Energy Storage Market Revenues, 2015-2025F |
11.2 Saudi Arabia Advanced Energy Storage Market Revenues, By Technology, 2015-2025F |
11.3 Saudi Arabia Advanced Energy Storage Market Revenues, By Applications, 2015-2025F |
12. UAE Advanced Energy Storage Market Overview |
12.1 UAE Advanced Energy Storage Market Revenues, 2015-2025F |
12.2 UAE Advanced Energy Storage Market Revenues, By Technology, 2015-2025F |
12.3 UAE Advanced Energy Storage Market Revenues, By Applications, 2015-2025F |
13. South Africa Advanced Energy Storage Market Overview |
13.1 South Africa Advanced Energy Storage Market Revenues, 2015-2025F |
13.2 South Africa Advanced Energy Storage Market Revenues, By Technology, 2015-2025F |
13.3 South Africa Advanced Energy Storage Market Revenues, By Applications, 2015-2025F |
14. Rest of Middle East & Africa Advanced Energy Storage Market Overview |
14.1 Rest of Middle East & Africa Advanced Energy Storage Market Revenues, 2015-2025F |
15. Middle East & Africa Advanced Energy Storage Market Opportunity Assessment |
15.1 Middle East & Africa Advanced Energy Storage Market Opportunity Assessment, By Technology, 2025F |
15.2 Middle East & Africa Advanced Energy Storage Market Opportunity Assessment, By Applications, 2025F |
16. Middle East & Africa Advanced Energy Storage Market Competitive Landscape |
16.1 Middle East & Africa Advanced Energy Storage Market Revenue Share, By Companies, 2018 |
16.1.1 Turkey Advanced Energy Storage Market Revenue Share, By Companies, 2018 |
16.1.2 Saudi Arabia Advanced Energy Storage Market Revenue Share, By Companies, 2018 |
16.1.3 UAE Advanced Energy Storage Market Revenue Share, By Companies, 2018 |
16.1.4 South Africa Advanced Energy Storage Market Revenue Share, By Companies, 2018 |
16.2 Middle East & Africa Advanced Energy Storage Market Competitive Benchmarking, By Operating Parameters |
17. Company Profiles |
18. Strategic Recommendations |
19. Disclaimer |