Advanced Energy Storage Systems Market size is expected to reach US$ 36.00 Bn by 2030, at a CAGR of 8.2% during the forecast period. Globalization, in recent years, the energy storage industry has continued to evolve, adapt, and innovate in response to changing energy requirements and advances in technology. Energy storage systems provide a wide array of technological approaches to managing power supply, thus companies are more focusing on creating a more resilient energy infrastructure and bring cost savings to utilities and consumers. With the introduction of advanced energy storage systems the increasing demand for energy 24/7 has been fulfilled and available to meet consumer demand at peak times.To know about the Research Methodology :- Request Free Sample ReportAdvanced Energy Storage Systems Market Dynamics:
Growing energy demand to drive advanced energy storage systems market. Advanced Energy Storage Systems play an important role in smoothing out intermittent generation technology energy fluctuations that are implemented into the power grid network during high renewable energy output days. As the trend towards renewable energy source shifts and the number of electric vehicles grows, the demand for advanced energy storage systems will grow. On high/low wind and sun days, this occurs with wind and solar. The industry has benefited from the development of significant quantities of renewable energy sources. As energy companies and governments are more focusing on managing an aging Utility Grid Network, which allows grid operators to more efficiently control the flow of energy resources while reducing the need for new "dirty" power plants, thus, lucrative opportunities have arisen for key players operating in this market. Furthermore, consumers and end-use industries are emphasizing on better managing their energy usages as a result of higher energy demand prices. This can be accomplished by load shifting, which involves storing electricity during “off-peak” hours when electric tariff costs are low and discharging stored energy during peak hours when costs are heavy. However, high capital investment may slow down the market growth. The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Advanced Energy Storage Systems demand are covered in the report.Advanced Energy Storage Systems Market Segment Analysis
The electro chemical segment is expected grow at a CAGR of 8.20% during the forecast period. Based on the technology, in 2023, the electrochemical segment holds the largest market share of 8.20% in 2023 and it is estimated to reach USD 28.44 Bn by 2030. In emerging economies, the electricity demand is increasing at a rapid pace thanks to the urbanizations and government favourable policies which is driving the market growth. In 2023, the lithium-ion sub-segment of the electrochemical segment led the market, and it is expected to continue to do so during the forecast period. Furthermore, technical advances and increased adoption of lithium-ion batteries are expected to result in economies of scale, lowering the cost of this technology and propelling its development.Regional Insight
Asia Pacific to witness high market growth rate and is expected to grow at a CAGR of 8.20% by 2030 The Asia Pacific is expected to hold the largest share of the global market. To meet the need for electricity, countries are turning to renewable energy sources such as building power plants. This will result in increased investments in the grid as well as supporting facilities such as transformers and reactors. Electric utilities will need more reactors as the demand for electricity grows. The growth of electricity demand is expected to drive the market especially high in developing economies. Government policies, market dynamics, and available technology have all combined to set the stage for a change in electricity supply toward low-carbon sources, with their share rising from 36% today to 52% in 2040. Rising digitalization and electrification were partially offset by increases in energy efficiency. Increasing wages, expanding industrial production, and a growing services sector all drive demand higher in developing economies. By 2040, developing economies will account for nearly 90% of global electricity demand growth. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Advanced Energy Storage Systems market make the report investor’s guide. Recent Developments: • In February 2021, ABB launched an innovative microgrid, combining battery and flywheel-based storage technologies, designed to test the scalability and improve the power stability for around 300,000 people in Anchorage, Alaska, USA.Advanced Energy Storage Systems Market, Key Highlights:
Global Advanced Energy Storage Systems Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Advanced Energy Storage Systems Market Global Advanced Energy Storage Systems Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Advanced Energy Storage Systems Market are also profiled.Advanced Energy Storage Systems Market Scope: Inquire before buying
Advanced Energy Storage Systems Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 20.74 Bn. Forecast Period 2024 to 2030 CAGR: 8.2% Market Size in 2030: USD 36.00 Bn. Segments Covered: by Application Transportation Grid Storage by End-User Residential Non-Residential by Technology Electro Chemical Lithium-ion battery Lead Acid battery Sodium Sulfur (NaS) battery Flow battery Advanced Energy Storage Systems Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)14.1303Key Players:
1. ABB Ltd. 2. LG Chem, Ltd. 3. General Electric Company 4. Samsung SDI Co ltd. 5. GS Yuasa Corporation 6. Siemens Ltd. 7. Panasonic Corporation 8. CALMAC 9. Tesla Inc. 10. Toshiba Corporation 11. Active Power, Inc. 12. Electrovaya Inc. 13. Alevo 14. ZBB systems 15. General Electric 16. Maxwell Technologies Inc. 17. Nippon Chemi-Con Corporation 18. Saft Groupe S.A 19. Hitachi Chems 20. Evapco Inc Frequently Asked Questions: 1. Which region has the largest share in Global Advanced Energy Storage Systems Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Advanced Energy Storage Systems Market? Ans: The Global Advanced Energy Storage Systems Market is expected to grow at a CAGR of 8.2% during forecast period 2024-2030 3. What is scope of the Global Advanced Energy Storage Systems market report? Ans: Global Advanced Energy Storage Systems Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Advanced Energy Storage Systems market? Ans: The important key players in the Global Advanced Energy Storage Systems Market are – ABB Ltd., LG Chem, Ltd., General Electric Company, Samsung SDI Co ltd., GS Yuasa Corporation, Siemens Ltd., Panasonic Corporation, CALMAC. 5. What is the study period of this market? Ans: The Global Advanced Energy Storage Systems is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Advanced Energy Storage Systems Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Advanced Energy Storage Systems Market 3.4. Geographical Snapshot of the Advanced Energy Storage Systems Market, By Manufacturer share 4. Global Advanced Energy Storage Systems Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Advanced Energy Storage Systems Market 5. Supply Side and Demand Side Indicators 6. Global Advanced Energy Storage Systems Market Analysis and Forecast, 2023-2030 6.1. Global Advanced Energy Storage Systems Market Size & Y-o-Y Growth Analysis. 7. Global Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 7.1.1. Transportation 7.1.2. Grid Storage 7.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 7.2.1. Residential 7.2.2. Non-Residential 7.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 7.3.1. Electro Chemical 7.3.1.1. Lithium-ion battery 7.3.1.2. Lead Acid battery 7.3.1.3. Sodium Sulfur (NaS) battery 7.3.1.4. Flow battery 7.3.1.5. Nickel Metal Hydride (NiMH) & Nickel Metal Cadmium (NiCd) 7.3.2. Mechanical 7.3.2.1. Pumped Hydro 7.3.2.2. Flywheel 7.3.2.3. Compressed Air Energy Storage (CAES) & Liquid Air Energy Storage (LAES) 7.3.3. Thermal Storage 7.3.3.1. Thermo Chemical 7.3.3.2. Sensible 7.3.3.3. Latent 8. Global Advanced Energy Storage Systems Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 9.1.1. Transportation 9.1.2. Grid Storage 9.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 9.2.1. Residential 9.2.2. Non-Residential 9.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 9.3.1. Electro Chemical 9.3.1.1. Lithium-ion battery 9.3.1.2. Lead Acid battery 9.3.1.3. Sodium Sulfur (NaS) battery 9.3.1.4. Flow battery 9.3.1.5. Nickel Metal Hydride (NiMH) & Nickel Metal Cadmium (NiCd) 9.3.2. Mechanical 9.3.2.1. Pumped Hydro 9.3.2.2. Flywheel 9.3.2.3. Compressed Air Energy Storage (CAES) & Liquid Air Energy Storage (LAES) 9.3.3. Thermal Storage 9.3.3.1. Thermo Chemical 9.3.3.2. Sensible 9.3.3.3. Latent 10. North America Advanced Energy Storage Systems Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 11.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 11.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 12. Canada Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 12.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 12.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 13. Mexico Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 13.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 13.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 14. Europe Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 14.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 14.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 15. Europe Advanced Energy Storage Systems Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 16.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 16.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 17. France Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 17.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 17.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 18. Germany Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 18.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 18.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 19. Italy Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 19.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 19.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 20. Spain Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 20.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 20.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 21. Sweden Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 21.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 21.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 22. CIS Countries Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 22.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 22.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 23. Rest of Europe Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 23.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 23.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 24. Asia Pacific Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 24.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 24.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 25. Asia Pacific Advanced Energy Storage Systems Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 26.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 26.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 27. India Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 27.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 27.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 28. Japan Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 28.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 28.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 29. South Korea Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 29.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 29.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 30. Australia Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 30.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 30.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 31. ASEAN Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 31.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 31.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 32. Rest of Asia Pacific Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 32.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 32.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 33. Middle East Africa Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 33.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 33.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 34. Middle East Africa Advanced Energy Storage Systems Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 35.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 35.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 36. GCC Countries Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 36.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 36.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 37. Egypt Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 37.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 37.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 38. Nigeria Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 38.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 38.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 39. Rest of ME&A Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 39.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 39.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 40. South America Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 40.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 40.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 41. South America Advanced Energy Storage Systems Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 42.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 42.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 43. Argentina Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 43.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 43.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 44. Rest of South America Advanced Energy Storage Systems Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast by Application, 2023-2030 44.2. Market Size (Value) Estimates & Forecast by End-User, 2023-2030 44.3. Market Size (Value) Estimates & Forecast by Technology, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Advanced Energy Storage Systems Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ABB Ltd. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. LG Chem, Ltd. 45.3.3. General Electric Company 45.3.4. Samsung SDI Co ltd. 45.3.5. GS Yuasa Corporation 45.3.6. Siemens Ltd. 45.3.7. Panasonic Corporation 45.3.8. CALMAC 45.3.9. Tesla Inc. 45.3.10. Toshiba Corporation 45.3.11. Active Power, Inc. 45.3.12. Electrovaya Inc. 45.3.13. Alevo 45.3.14. ZBB systems 45.3.15. General Electric 45.3.16. Maxwell Technologies Inc. 45.3.17. Nippon Chemi-Con Corporation 45.3.18. Saft Groupe S.A 45.3.19. Evapco Inc 45.3.20. Other key players 46. Primary Key Insights