North America Advanced Energy Storage Market (2019-2025) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook & Segmentation

Market Forecast By Technologies (Electro Chemical, Thermal, Mechanical and Others), By Applications (Residential, Commercial & Industrial, Transportation and Power Utilities), By Countries (US, Canada and others) and Competitive Landscape

Product Code: ETC000673 Publication Date: Jul 2019 Updated Date: May 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latest 2023 Developments of the North America Advanced Energy Storage Market

North America Advanced Energy Storage Market is witnessing innovation as Quidnet created a Pumped Hydro Storage which can reduce capital expenditures and achieve a mechanical efficiency of 95% over conventional Pumped Hydro Storage designs. Breakthrough Energy Ventures, which is sponsored by Bill Gates, has also invested in Quident. National Renewable Energy Laboratory have developed a new design for thermal energy storage that can make the process of heating and cooling buildings more manageable, less expensive, more efficient, and better prepared to flexibly manage power from renewable energy sources that do not always deliver energy when it is most needed. Samsung SDI Co of South Korea may develop a battery cell plant in the United States to help the auto industry transition to electrification, according to reports.

Mergers And Acquisition:

  • On 18 Nov 2020, The AES Corporation and Alberta Investment Management Corporation (AIMCo) agreed to merge their sPower business with AES’ clean energy business in the US.
  • On 20 Dec 2020, Lockheed Martin announced the news of acquiring Aerojet Rocketdyne.

North America Advanced Energy Storage Market Synopsis

Increasing adoption of renewable energy, increasing electricity prices, declining battery costs and rising electric vehicle infrastructure are the key drivers for the growth of North America advanced energy storage market.

According to 6Wresearch, North America advanced energy storage market size is projected to witness tremendous growth during 2019-2025. Rising demand for enhanced battery backup and energy storage systems in plug-in vehicles would spur the demand for the advanced energy storage market in future. In North America, the U.S. has generated the majority of the North America advanced energy storage market revenues. The U.S. government has proposed a budget of $158 million for advanced energy storage initiatives within the Department of Energy (DOE). The program aims at developing new materials and device technologies which would help to enhance the efficiency of utility-scale systems and integrate storage into the grid infrastructure. Additionally. Canada is undergoing several energy storage developments and initiatives towards the development of distributed energy resources, including energy storage.

Amongst all advanced energy storage technologies, electrochemistry has led the market and is anticipated to lead throughout the forecast period.

The North America advanced energy storage market report comprehensively covers the market by technologies, applications and countries. The North America advanced energy storage market outlook report provides an unbiased and detailed analysis of ongoing North America advanced 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:

• North America Advanced Energy Storage Market Overview
• North America Advanced Energy Storage Market Outlook
• North America Advanced Energy Storage Market Forecast
• Historical data of the North America Advanced Energy Storage Market Revenues, for the period 2015-2018.
• North America Advanced Energy Storage Market Size & North America Advanced Energy Storage Market
  Forecast of Revenues until 2025F.
• Historical Data of US Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of US Advanced Energy Storage Market Revenues, until 2025
• Historical Data of Canada Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Canada Advanced Energy Storage Market Revenues, until 2025
• Historical Data of the Rest of the North America Region Advanced Energy Storage Market Revenues, for the
  Period 2015-2018
• Market Size & Forecast of Rest of North America Region Advanced Energy Storage Market Revenues, until 2025
• Historical Data of the US and Canada Advanced Energy Storage Market Revenues, By Technologies, for the
  Period 2015-2018
• Market Size & Forecast of US and Canada Advanced Energy Storage Market Revenues, By Technologies, until 2025
• Historical Data of the US and Canada Advanced Energy Storage Market Revenues, By Applications, for the
  Period 2015-2018
• Market Size & Forecast of US and Canada Advanced Energy Storage Market Revenues, By Applications, until 2025
• North America Advanced Energy Storage Market Drivers
• North America Advanced Energy Storage Market Restraints
• North America Advanced Energy Storage Market Trends and Industry Life Cycle
• North America Advanced Energy Storage Market Porter’s Five Force Analysis
• North America Advanced Energy Storage Market Opportunity Assessment
• North America Advanced Energy Storage Market Share, By Players
• North America Advanced Energy Storage Market Overview on Competitive Benchmarking
• Company Profiles.
• Strategic Recommendations.

Markets Covered

The North America advanced energy storage market report provides a detailed analysis of the following market segments:

By Technologies

  • Electro Chemical
  • Thermal
  • Mechanical
  • Others

By Applications

  • Residential
  • Transportation
  • Commercial & Industrial
  • Power Utilities

By Countries

  • US
  • Canada
  • Others
North America Advanced Energy Storage Market: FAQs
Increasing adoption of renewable energy, increasing electricity prices and declining battery costs are the key drivers for the growth of the market.
Tesla, Inc., LG Chem and Fluence Energy are the dominating players in the market.
Residential, Transportation, Commercial & Industrial and Power Utilities are the applications of the market.
The U.S. has generated the majority of the North America advanced energy storage market revenues.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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. North America Advanced Energy Storage Market Overview
    3.1 North America Advanced Energy Storage Market Revenues, 2015-2025F
    3.2 North America Advanced Energy Storage Market Revenue Share, By Technology, 2018 & 2025F
    3.3 North America Advanced Energy Storage Market Revenue Share, By Applications, 2018 & 2025F
    3.4 North America Advanced Energy Storage Market Revenue Share, By Countries, 2018 & 2025F
    3.5 North America Advanced Energy Storage Market Industry Life Cycle
    3.6 North America Advanced Energy Storage Market- Porter’s Five Forces, 2018
4. North America Advanced Energy Storage Market Dynamics
    4.1 Impact Analysis
    4.2 Market Drivers
    4.3 Market Restraints
5. North America Advanced Energy Storage Market Trends
6. North America Electro Chemical Advanced Energy Storage Market Overview
    6.1 North America Electro Chemical Advanced Energy Storage Market Revenues, 2015-2025F 
          6.1.1 North America Electro Chemical Advanced Energy Storage Market Revenues,
                    By Sub Segments, 2015-2025F 
7. North America Thermal Advanced Energy Storage Market Overview
    7.1 North America Thermal Advanced Energy Storage Market Revenues, 2015-2025F 
          7.1.1 North America Thermal Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F 
8. North America Mechanical Advanced Energy Storage Market Overview
    8.1 North America Mechanical Advanced Energy Storage Market Revenues, 2015-2025F 
          8.1.1 North America Mechanical Advanced Energy Storage Market Revenues, By Sub Segments, 2015-2025F 
9. North America Other Technologies Advanced Energy Storage Market Overview
    9.1 North America Other Technologies Advanced Energy Storage Market Revenues, 2015-2025F 
          9.1.1 North America Other Technologies Advanced Energy Storage Market Revenues,
                    By Sub Segments, 2015-2025F 
10. US Advanced Energy Storage Market Overview
      10.1 US Advanced Energy Storage Market Revenues, 2015-2025F 
      10.2 US Advanced Energy Storage Market Revenues, By Technology, 2015-2025F
      10.3 US Advanced Energy Storage Market Revenues, By Applications, 2015-2025F
11. Canada Advanced Energy Storage Market Overview
      11.1 Canada Advanced Energy Storage Market Revenues, 2015-2025F 
      11.2 Canada Advanced Energy Storage Market Revenues, By Technology, 2015-2025F
      11.3 Canada Advanced Energy Storage Market Revenues, By Applications, 2015-2025F
12. Rest of North America Advanced Energy Storage Market Overview
      12.1 Rest of North America Advanced Energy Storage Market Revenues, 2015-2025F 
13. North America Advanced Energy Storage Market Opportunity Assessment
      13.1 North America Advanced Energy Storage Market Opportunity Assessment, By Technology, 2025F
      13.2 North America Advanced Energy Storage Market Opportunity Assessment, By Applications, 2025F
14. North America Advanced Energy Storage Market Competitive Landscape
      14.1 North America Advanced Energy Storage Market Revenue Share, By Companies, 2018
              14.1.1 US Advanced Energy Storage Market Revenue Share, By Companies, 2018
              14.1.2 Canada Advanced Energy Storage Market Revenue Share, By Companies, 2018
      14.2 North America Advanced Energy Storage Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
16. Strategic Recommendations
17. Disclaimer

Middle East & Africa Advanced Energy Storage Market (2019-2025): Market Forecast By Technologies (Batteries, Flywheel, Thermal, Compressed Air and others), By Applications (Residential, Transportation, Commercial & industrial and Power Utilities), By Countries (UAE, Saudi Arabia, Turkey, South Africa and Rest of the Region) and Competitive Landscape

Global Advanced Energy Storage Market (2019-2025): Market Forecast By Technology (Electro Chemical, Thermal, Mechanical and others), By Application (Residential, Commercial & Industrial, Transportation and Power Utilities), By Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa), By Key Countries and Competitive Landscape

Europe Advanced Energy Storage Market (2019-2025): Market Forecast By Technology (Electro Chemical, Thermal, Mechanical and others), By Application (Residential, Commercial & Industrial, Transportation and Power Utilities), By Country (Germany, UK, France, Italy and others) and Competitive Landscape

APAC Advanced Energy Storage Market (2019-2025): Market Forecast By Technology (Electro Chemical, Thermal, Mechanical and others), By Application (Residential, Commercial & Industrial, Transportation and Power Utilities), By Country (India, China, Japan, South Korea, Australia, Malaysia, Indonesia and Thailand) and Competitive Landscape

Australia Energy Storage Systems Market (2017-2023): Market Forecast By Technologies (Electrochemical (Lithium Ion, Lead Acid and Flow Battery & Others), Mechanical (Flywheel), Thermal (Molten Salt) and Others), By Applications (Residential, Commercial & Industrial, Power Utilities and Transportation), By Regions (New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania and Northern Territory) and Competitive Landscape

Europe Energy Storage Systems Market (2017-2023): Market Forecast By Technology (Electro-Chemical Energy, Mechanical Energy, Thermal (Molten Salt) and Others), Applications (Residential, Power Utilities, Commercial & Industrial and Transportation) and Countries (Germany, France, Spain, United Kingdom, Italy and Rest of Europe)

Saudi Arabia Advanced Energy Storage Market (2019-2025): Market Forecast By Technology (Batteries, Flywheel, Thermal, Compressed Air & Others), By Applications (Residential, Transportation, Commercial & Industrial and Power Utilities), By Regions (Central Region, Western Region, Eastern Region, Southern Region) and Competitive Landscape.

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