Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Grid Scale Energy Storage market in this environment.
In terms of revenue, this research report indicated that the global Grid Scale Energy Storage market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Grid Scale Energy Storage industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ABB aims at producing XX Grid Scale Energy Storage in 2020, with XX % production to take place in global market, Beacon Power accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Grid Scale Energy Storage Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Grid Scale Energy Storage Market?
ABB
Beacon Power
Hydrostor
EnerVault
GE
Samsung SDI
S&C Electric
SustainX
...
Major Type of Grid Scale Energy Storage Covered in XYZResearch report:
Pumped Hydroelectric Storage System
Thermal Storage
Battery Storage
Compressed Air Energy Storage
Flywheel Storage
Molten Salt Storage
Application Segments Covered in XYZResearch Market
Mechanical Energy
Chemical Energy
Electrochemical Energy
Thermal Energy
Electromagnetic Energy
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Grid Scale Energy Storage Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Pumped Hydroelectric Storage System -Product Introduction and Major Manufacturers
1.1.2 Thermal Storage -Product Introduction and Major Manufacturers
1.1.3 Battery Storage -Product Introduction and Major Manufacturers
1.1.4 Compressed Air Energy Storage -Product Introduction and Major Manufacturers
1.1.5 Flywheel Storage -Product Introduction and Major Manufacturers
1.1.6 Molten Salt Storage -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Grid Scale Energy Storage Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Grid Scale Energy Storage Market
3.1.1 Top Companies leading Grid Scale Energy Storage Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Grid Scale Energy Storage Market
3.2.1 Top Companies leading Grid Scale Energy Storage Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Grid Scale Energy Storage Market
3.3.1 Top Companies leading Grid Scale Energy Storage Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Grid Scale Energy Storage Market
3.4.1 Top Companies leading Grid Scale Energy Storage Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Grid Scale Energy Storage Market
3.5.1 Top Companies leading Grid Scale Energy Storage Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Grid Scale Energy Storage Market
3.6.1 Top Companies leading Grid Scale Energy Storage Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Grid Scale Energy Storage Market
3.7.1 Top Companies leading Grid Scale Energy Storage Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Grid Scale Energy Storage Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Grid Scale Energy Storage Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Grid Scale Energy Storage Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Grid Scale Energy Storage Sales and Growth Rate (2021-2026)
5.2 Global Grid Scale Energy Storage Sales Value and Growth Rate (2021-2026)
6 Grid Scale Energy Storage Competitive Analysis
6.1 ABB
6.1.1 ABB Company Profiles
6.1.2 ABB Product Introduction
6.1.3 ABB Grid Scale Energy Storage Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Beacon Power
6.2.1 Beacon Power Company Profiles
6.2.2 Beacon Power Product Introduction
6.2.3 Beacon Power Grid Scale Energy Storage Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 Hydrostor
6.3.1 Hydrostor Company Profiles
6.3.2 Hydrostor Product Introduction
6.3.3 Hydrostor Grid Scale Energy Storage Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 EnerVault
6.4.1 EnerVault Company Profiles
6.4.2 EnerVault Product Introduction
6.4.3 EnerVault Grid Scale Energy Storage Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 GE
6.5.1 GE Company Profiles
6.5.2 GE Product Introduction
6.5.3 GE Grid Scale Energy Storage Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 Samsung SDI
6.6.1 Samsung SDI Company Profiles
6.6.2 Samsung SDI Product Introduction
6.6.3 Samsung SDI Grid Scale Energy Storage Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 S&C Electric
6.7.1 S&C Electric Company Profiles
6.7.2 S&C Electric Product Introduction
6.7.3 S&C Electric Grid Scale Energy Storage Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 SustainX
6.8.1 SustainX Company Profiles
6.8.2 SustainX Product Introduction
6.8.3 SustainX Grid Scale Energy Storage Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
7 Conclusion
The Distributed Renewable Energy Generation Technology Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competi...
The Chemical Process Scale-Up Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, m...
The Photovoltaic Storage Charging Integration Station Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competit...
The Digital Service for Wind Energy Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...
The Smart Grain Storage Solution Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Industrial Energy Monitoring System Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...
The New Energy Microcar Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/p...
The Calibration Services for Energy Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...
The Large Scale DNA Synthesis Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufactu...
Market Overview
The Asia Pacific Vanadium Market is poised for substantial growth from 2024 to 2034, driven by increasing demand across various industries and technological advancements in vanadium production. The market is projected to reach USD XX.XX billion by 2034, growing at a comp...