Renewable power generation has been central to decarbonization initiatives by governments and the commercial and industrial (C&I) sector. Energy storage solutions address the challenges posed by renewable power sources, including intermittency, thereby accelerating the deployment of renewables, which have rightfully gained substantial investments in recent years. Pumped hydro storage, which has dominated long-duration energy storage for more than a century, is now being challenged by other new and promising low-cost, high-efficiency technologies, each with unique benefits for end users.
Forecasts are based on energy storage targets that governments aim to achieve by 2030 to meet their climate change targets; announced projects (where available); and Frost & Sullivan’s assessment of the growth potential of energy technologies.
With potential investments in non-battery storage expected to exceed hundreds of billions of dollars over the next few years across all technologies, several opportunities exist across the value chain, including logistics, operations and maintenance (O&M), financing, and technology related to non-battery storage.
The study profiles countries committed to decarbonization and those investing in technology R&D and commercialization. It also highlights companies that have contributed innovative solutions in this space.
Key regions for investment for energy storage technologies have been identified based on investments and interest in a particular technology, either due to its suitability to the geography (or the project) or commercial advancements in the technology.
Research Highlights
This Frost & Sullivan study highlights the advantages of non-battery technologies over short-duration battery energy storage solutions. It also analyzes the growth opportunities and market potential for well-established industry participants and new entrants.
Key Issues Addressed
- What is the current status of the global non-battery energy storage market?
- What are the key drivers and restraints affecting market growth? What are the competitive factors in this market?
- Is the market growing; how long will it continue to grow, and at what rate will it grow?
- Which are the key growth regions for non-battery energy storage that market participants can consider for expansion? Which countries are suitable for investments in these regions?
- Who are the key market participants, and what are their innovative business models or solutions?
- How is revenue expected to change over the course of the next few years?
- What avenues are available for strategic investments in the market, and how best can key stakeholders benefit from them?
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the NBES Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Scope of Analysis
Segmentation
Why Alternative Energy Storage?
Comparison of NBES Technologies
Growth Drivers
Growth Restraints
Share of NBES Technologies in Global Energy Storage
Global NBES Trends
Key Competitors
Installed Capacity Forecast by Country
Installed Capacity Forecast by Technology
Capacity Addition Forecast by Country
Capacity Addition Forecast by Technology
Investment Forecast by Country
Investment Forecast by Technology
PSH
PSH Installed Capacity
Advantages of PSH
PSH Market Potential
Quidnet Energy’s Geomechanical Pumped Storage (GPS)
Power to Hydrogen—Why Hydrogen?
Hydrogen Applications
Hydrogen—Policy Initiatives
Global Hydrogen Export–Import Potential
Hydrogen Value Chain
SunHydrogen, Inc.
Hydrogenious LOHC Technologies GmbH
Use of Alternatives for Storage
CAES
CAES (continued)
Isothermal CAES
FES
FES—Global Hotspots for Capacity Addition
Beacon Power, Inc.
GES
Energy Vault, Inc.
Ares
TES
TES (continued)
TES (continued)
Hyme Energy—Seaborg Technologies
SaltX Technology
Viking Cold Solutions, Inc.
Capacitors
Installed Capacity
Ultracapacitors—Unique Applications
Skeleton Technologies, Inc.
UCAP Power, Inc.
The United States
China
Germany
Spain
Italy
The United Kingdom
RoW
Growth Opportunity 1: Value Chain Participation
Growth Opportunity 1: Value Chain Participation (continued)
Growth Opportunity 2: Pumped Hydro Storage – Services/Retrofits
Growth Opportunity 2: Pumped Hydro Storage – Services/Retrofits (continued)
Growth Opportunity 3: Energy Storage-as-a-Service
Growth Opportunity 3: Energy Storage-as-a-Service (continued)
Growth Opportunity 4: Hydrogen Transport
Growth Opportunity 4: Hydrogen Transport (continued)
Growth Opportunity 5: Technology Support for Energy Storage Systems
Growth Opportunity 5: Technology Support for Energy Storage Systems (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- NBES: Growth Drivers, Global, 2022–2030
- NBES: Growth Restraints, Global, 2022–2030
- NBES: Technology Share, Global, 2021 and 2030
- NBES: Dominant Technology by Region, Global, 2022
- NBES: Installed Capacity Forecast by Country, Global, 2021–2030
- NBES: Installed Capacity Forecast by Technology, Global, 2021–2030
- NBES: Capacity Addition Forecast by Country, Global, 2021–2030
- NBES: Capacity Addition Forecast by Technology, Global, 2021–2030
- NBES: Investment Forecast by Country, Global, 2021–2030
- NBES: Investment Forecast by Technology, Global, 2021–2030
- NBES: PSH versus CAES, Global, 2022
- NBES: PSH, Hydropower Capacity Addition by Region, Global, 2021
- NBES: Hydrogen Value Chain, Global, 2022
- NBES: Hydrogen Installed Capacity, Global, 2022, 2025, and 2030
- NBES: CAES Projects Announced/In Development, Global, 2022
- NBES: CAES Installed Capacity, Global, 2022, 2025, and 2030
- NBES: FESS Installed Capacity, Global, 2022, 2025, and 2030
- NBES: Flywheel Hotspots, Global, 2022
- NBES: GES Installed Capacity, Global, 2022, 2025, and 2030
- NBES: GES Revenue Forecast, Global, 2022, 2025, and 2030
- NBES: TES Installed Capacity and Projects in Development, Global, 2022
- NBES: Types of TES, Global, 2022
- NBES: TES Installed Capacity, Global, 2022, 2025, and 2030
- NBES: Main Participants, Global, 2022
- NBES: Annual Investments by Technology, US, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, US, 2022, 2025, and 2030
- NBES: Investments by Technology, China, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, China, 2022, 2025, and 2030
- NBES: Annual Investments by Technology, Germany, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, Germany, 2022, 2025, and 2030
- NBES: Annual Investments by Technology, Spain, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, Spain, 2022, 2025, and 2030
- NBES: Annual Investments by Technology, Italy, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, Italy, 2022, 2025, and 2030
- NBES: Annual Investments by Technology, UK, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, UK, 2022, 2025, and 2030
- NBES: Annual Investments by Technology, RoW, 2022, 2025, and 2030
- NBES: Total Capacity* by Technology, RoW, 2022, 2025, and 2030
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Renewable power generation has been central to decarbonization initiatives by governments and the commercial and industrial (C&I) sector. Energy storage solutions address the challenges posed by renewable power sources, including intermittency, thereby accelerating the deployment of renewables, which have rightfully gained substantial investments in recent years. Pumped hydro storage, which has dominated long-duration energy storage for more than a century, is now being challenged by other new and promising low-cost, high-efficiency technologies, each with unique benefits for end users.
Forecasts are based on energy storage targets that governments aim to achieve by 2030 to meet their climate change targets; announced projects (where available); and Frost & Sullivan’s assessment of the growth potential of energy technologies.
With potential investments in non-battery storage expected to exceed hundreds of billions of dollars over the next few years across all technologies, several opportunities exist across the value chain, including logistics, operations and maintenance (O&M), financing, and technology related to non-battery storage.
The study profiles countries committed to decarbonization and those investing in technology R&D and commercialization. It also highlights companies that have contributed innovative solutions in this space.
Key regions for investment for energy storage technologies have been identified based on investments and interest in a particular technology, either due to its suitability to the geography (or the project) or commercial advancements in the technology.--BEGIN PROMO--
Research Highlights
This Frost & Sullivan study highlights the advantages of non-battery technologies over short-duration battery energy storage solutions. It also analyzes the growth opportunities and market potential for well-established industry participants and new entrants.
Key Issues Addressed
- What is the current status of the global non-battery energy storage market
- What are the key drivers and restraints affecting market growth What are the competitive factors in this market
- Is the market growing; how long will it continue to grow, and at what rate will it grow
- Which are the key growth regions for non-battery energy storage that market participants can consider for expansion Which countries are suitable for investments in these regions
- Who are the key market participants, and what are their innovative business models or solutions
- How is revenue expected to change over the course of the next few years
- What avenues are available for strategic investments in the market, and how best can key stakeholders benefit from them
| Deliverable Type | Market Research |
|---|---|
| Author | Saraswathi Venkatesan |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | NBES |
| Keyword 2 | non battery energy storage |
| Keyword 3 | energy storage systems market |
| List of Charts and Figures | NBES: Growth Drivers, Global, 2022–2030~ NBES: Growth Restraints, Global, 2022–2030~ NBES: Technology Share, Global, 2021 and 2030~ NBES: Dominant Technology by Region, Global, 2022~ NBES: Installed Capacity Forecast by Country, Global, 2021–2030~ NBES: Installed Capacity Forecast by Technology, Global, 2021–2030~ NBES: Capacity Addition Forecast by Country, Global, 2021–2030~ NBES: Capacity Addition Forecast by Technology, Global, 2021–2030~ NBES: Investment Forecast by Country, Global, 2021–2030~ NBES: Investment Forecast by Technology, Global, 2021–2030~ NBES: PSH versus CAES, Global, 2022~ NBES: PSH, Hydropower Capacity Addition by Region, Global, 2021~ NBES: Hydrogen Value Chain, Global, 2022~ NBES: Hydrogen Installed Capacity, Global, 2022, 2025, and 2030~ NBES: CAES Projects Announced/In Development, Global, 2022~ NBES: CAES Installed Capacity, Global, 2022, 2025, and 2030~ NBES: FESS Installed Capacity, Global, 2022, 2025, and 2030~ NBES: Flywheel Hotspots, Global, 2022~ NBES: GES Installed Capacity, Global, 2022, 2025, and 2030~ NBES: GES Revenue Forecast, Global, 2022, 2025, and 2030~ NBES: TES Installed Capacity and Projects in Development, Global, 2022~ NBES: Types of TES, Global, 2022~ NBES: TES Installed Capacity, Global, 2022, 2025, and 2030~ NBES: Main Participants, Global, 2022~ NBES: Annual Investments by Technology, US, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, US, 2022, 2025, and 2030~ NBES: Investments by Technology, China, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, China, 2022, 2025, and 2030~ NBES: Annual Investments by Technology, Germany, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, Germany, 2022, 2025, and 2030~ NBES: Annual Investments by Technology, Spain, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, Spain, 2022, 2025, and 2030~ NBES: Annual Investments by Technology, Italy, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, Italy, 2022, 2025, and 2030~ NBES: Annual Investments by Technology, UK, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, UK, 2022, 2025, and 2030~ NBES: Annual Investments by Technology, RoW, 2022, 2025, and 2030~ NBES: Total Capacity* by Technology, RoW, 2022, 2025, and 2030~ |
| Podcast | No |
| WIP Number | MGA1-01-00-00-00 |
Global Non-battery Energy Storage (NBES) Growth Opportunities
Global Non-battery Energy Storage (NBES) Growth Opportunities
Net-zero Goals to Drive Future Growth Potential
RELEASE DATE
26-Sep-2022
26-Sep-2022
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: MGA1-01-00-00-00
SKU: EG02265-GL-MT_26928
$4,000.00
In stock
SKU
EG02265-GL-MT_26928