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Asia Pacific Energy Storage Systems Market Share

Report ID: GMI8776
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Energy Storage Systems Market Share

Global Company Market Share Analysis, 2023

ABB holds a significant position in the energy storage systems industry, renowned for its extensive expertise in designing and manufacturing a wide range of energy storage technologies. These include electrochemical and electromechanical systems, among others. With a rich history in the industry, the company has successfully provided numerous solutions tailored to a diverse range of applications.

Asia Pacific Energy Storage Systems Market Companies

Some of the major industry leaders operating across the Asia Pacific energy storage systems industry are:

ABB
Abengoa S.A.
Burns & McDonnell
BYD Company Ltd.
CALMAC
Durapower Group
Exide Technologies
General Electric
Hitachi Energy Ltd.
Johnson Controls
LG Energy Solution
McDermott
Narada Power Source Co. Ltd
Panasonic Corporation
Samsung SDI Co., Ltd
SCHMID Group
Siemens
Sinohydro Corporation
Toshiba Corporation
Voith GmbH & Co. KGaA

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for energy storage systems in Asia Pacific reached USD 211.2 billion in 2023 and is set to witness 18.6% CAGR up to 2032, led by the shifting trends towards the adoption of renewable energy technologies and the growing requirement for effective and economical storage solutions.

The electro-chemical technology segment in the Asia Pacific energy storage systems industry is anticipated to reach over USD 440 billion by 2032, backed by the reliable and constant power supply.

China market is poised to exceed USD 565 billion by 2032, attributed to increasing energy demand, technological advancements, and declining costs of storage systems.

ABB, Abengoa S.A., Burns & McDonnell, BYD Company Ltd., CALMAC, Durapower Group, Exide Technologies, General Electric, Hitachi Energy Ltd., Johnson Controls, LG Energy Solution, McDermott, Narada Power Source Co. Ltd, Panasonic Corporation, Samsung SDI Co., Ltd and SCHMID Group.