This report provides overall market growth, revenue analysis, competitive structure, industry challenges, drivers, restraints and pricing trends. In this research, expert analysts thoroughly examine the following technologies: pumped hydro energy storage, compressed air energy storage, hydrogen energy storage, battery energy storage and molten salt energy storage.

Success of Large Scale Energy Storage Technologies and Renewable Energy is Mutually Dependent

All western European countries have targets aimed at boosting the contribution of renewable energy. Such high use of renewable energy is possible through efficient energy storage methods, creating opportunities for market growth. The escalating demand for energy, paralleled by technological advancements such as smart grids, widespread electric vehicles use and the more widespread deployment of renewable energy are underlining the importance of large scale energy storage technologies. “Targets to increase the contribution of renewable energy sources is encouraging the implementation of large scale energy storage technologies,” notes the analyst of this research. “Long-term plans to install smart grids and achieve complete automation are possible only if large scale energy storage is implemented, as it will ensure regular power supply from renewable energy sources.”

The European region has aimed at increasing the contribution of renewable energy to the energy generation mix. Effective energy storage systems could make this goal achievable, while concomitantly reducing the need to deploy new utilities. As most of the energy storage technologies are environment-friendly, renewable energy could be effectively stored without environmental hazards for a time frame ranging from a few seconds to several months. “Smart energy management systems are also promoting the prospects of energy storage technologies,” adds the analyst. “Smart energy systems include solutions such as demand side management and smart grid solutions that offer reliable, high quality power, while effectively meeting spiraling energy demand. Smart energy management will be difficult to achieve unless efficient energy storage systems are installed.”

Government Support and Incentives Critical to Sustain Market Momentum

The lack of specific targets for implementing large scale energy storage is dampening the market’s outlook. Heavy capital investments, coupled with the absence of specific targets and standardised equipment, are projected to slow market growth. Most energy storage technologies are in a nascent phase and still relatively expensive. Moreover, they are yet to prove their reliability and performance, resulting in the market experiencing slow growth, despite their myriad benefits.

“There needs to be a proper understanding of the importance of large scale energy storage,” concludes the analyst. “Government regulations and incentives that promote the use of energy storage will trigger exceptional market growth.”

Expert analysts thoroughly examine the following technologies in this research:

• Pumped hydro energy storage
• Compressed air energy storage
• Hydrogen energy storage
• Battery energy storage
• Molten salt energy storage

TABLE OF CONTENTS

     Executive Summary                                     

     Research Methodology                                  
     Market Definitions                                      14
     Market Overview                                         15
     Energy Storage End-users                                16
     Influence of Mega Trends to the Energy Storage Market   17
     Key Take Aways                                          18

     Total Large Scale Energy Storage Market                

     Market Overview                                         20
     Global Market Trend                                     21
     Energy Storage End-users                                23
     Energy Storage Applications                             24
     Industry Challenges                                     26
     Market Drivers                                          27
     Market Restraints                                       29
     Installed Capacity Analysis                          32
     Revenue Analysis                                     33
     Market Trends                                        34
     Technology Trends                                    35
     PESTLE Analysis                                      37
     Pricing Trends and Analysis                          39

    Pumped Hydro Energy Storage Systems Market           

     Market Overview                                      42
     Market Drivers                                       44
     Market Restraints                                    46
     Installed Capacity Forecasts                         48
     Revenue Forecasts and Trends                         49
     Market Trends                                        50
     Technology Trends                                    53
     Opportunities from Renewable Energy and Trends       54
     Geographic Region Analysis                              54
     Competitive Forces (Porters 5 Forces Model)             56
     Competitive Structure                                   57

     Compressed Air Energy Storage Systems Market           

     Market Overview                                         59
     Market Forces                                           61
     Technology Trends                                       62
     Market Trends                                           65
     Competitive Forces (Porters 5 Forces Model)             67
     Market Structure                                        68

     Hydrogen Energy Storage Systems Market                 

     Market Overview                                         70
     Market Forces                                           73
     Market Trends                                           74
     Technology Trends                                   76
     Opportunities from Renewable Energy and Trends      77
     Competitive Forces (Porters 5 Forces Model)         78
     Competitive Structure                               79

     Battery Energy Storage Systems Market              

     Market Overview                                     81
     Market Forces                                       82
     Technology Trends                                   83
     Opportunities from Renewable Energy and Trends      84
     Competitive Forces (Porters 5 Forces Model)         85
     Competitive Structure                               86

     Molten Salt Energy Storage Systems Market         

     Market Overview                                     88
     Market Trends                                       89
     Geographic Region Analysis                             90
     Opportunities from Renewable Energy and Trends         91

    Emerging Energy Storage Technologies Market           

    Emerging Technologies - An Overview                     93
    Flywheels and Supercapacitors                           94
    Superconducting Magnetic Energy Storage (SMES)          95
    Summary of SMES                                         96

     Conclusion                                             97

     Top Ten Energy Storage Technologies Expected in 2020   98
     Conclusions                                            99
                        
LIST OF FIGURES

Total Large Scale Energy Storage Market: End-user Application Overview (Western Europe), 2010      25
Total Large Scale Energy Storage Market: Impact of Top Two Industry Challenges (Western Europe), 2011-2017                                                                      
Total Large Scale Energy Storage Market: Market Drivers Ranked in Order of Impact (Western Europe), 2011-2017                                                                      
Total Large Scale Energy Storage Market: Market Restraints Ranked in Order of Impact (Western Europe), 2011-2017                                                                     
Total Large Scale Energy Storage Market: Revenue Forecasts (Western Europe), 2010                  33
Total Large Scale Energy Storage Market: Market Trends (Western Europe), 2010                      34
Total Large Scale Energy Storage Market: Pricing Trends (Western Europe), 2011-2017                40
Total Large Scale Energy Storage Market: Pricing Analysis (Western Europe), 2010                   40
Pumped Hydro Energy Storage Systems Market: Market Drivers Ranked in Order of Impact (Western Europe), 2011-2017                                                                       
Pumped Hydro Energy Storage Systems Market: Market Restraints Ranked in Order of Impact (Western Europe), 2011-2017                                                                     
Pumped Hydro Energy Storage Systems Market: Overview of New Projects Under Construction (Western Europe), 2010                                                                           
Pumped Hydro Energy Storage Systems Market: Overview of New and Capacity Addition Projects
Under Construction, (Western Europe), 2010                                                         55
Compressed Air Energy Storage Systems Market: Overview of Project Details (Western Europe), 2010   65
Compressed Air Energy Storage Systems Market: Country and Application Analysis (Western Europe), 2010                                                                      
Hydrogen Energy Storage Systems Market: Efficiency of Energy Conversion (Western Europe), 2010     76
Battery Energy Storage Systems Market: Battery Chemistry Snapshot (Western Europe), 2010           83
Molten Salt Energy Storage Systems Market: Commissioned Project Snapshot (Western Europe), 2010    89

LIST OF CHARTS

Total Large Scale Energy Storage Market: Types of Energy Storage Systems (Western Europe), 2010            15
Total Large Scale Energy Storage Market: End-user Overview (Western Europe), 2010                          16
Total Large Scale Energy Storage Market: Influence of Mega Trends (Western Europe), 2010                   17
Total Large Scale Energy Storage Market: Types of Energy Storage Systems (Western Europe), 2010            20
Total Large Scale Energy Storage Market: Global Market Trends (World), 2010                                21
Total Large Scale Energy Storage Market: End-user Overview (Western Europe), 2010                          23
Total Large Scale Energy Storage Market: Installed Capacity Analysis (Western Europe), 2010 and 2017       32
Total Large Scale Energy Storage Market: Revenue Analysis and Trends (Western Europe), 2010-2017           33
Total Large Scale Energy Storage Market: Technology Overview (Western Europe), 2010                        35
Total Large Scale Energy Storage Market: Technology Roadmap (Western Europe), 2010                         36
Pumped Hydro Energy Storage Systems: Service Cycle Life (Western Europe), 2010                             38
Total Large Scale Energy Storage Market: Pricing Trends (Western Europe), 2010                             39
Pumped Hydro Energy Storage Systems Market: Advantages and Applications (Western Europe), 2010             43
Pumped Hydro Energy Storage Systems Market: Installed Capacity Forecasts (Western Europe), 2010 and 2017   48
Pumped Hydro Energy Storage Systems Market: Installed Capacity Forecasts (Western Europe), 2010-2017       48
Pumped Hydro Energy Storage Systems Market: Revenue Forecasts and Trends (Western Europe), 2010-2017                                                                              
Pumped Hydro Energy Storage Systems Market: Market Life Cycle (Western Europe), 2010                       49
Pumped Hydro Energy Storage Systems Market: Technology Trends (Europe) 2010                                52
Pumped Hydro Energy Storage Systems Market: Competitive Forces (Western Europe), 2010                      56
Pumped Hydro Energy Storage Systems Market: Competitive Market Structure (Western Europe), 2010            57
Compressed Air Energy Storage Systems Market: Market Applications (Western Europe), 2010                   60
Compressed Air Energy Storage Systems Market: Market Forces (Western Europe), 2011-2017                    61
Compressed Air Energy Storage Systems Market: Technical Evolution of CEAS (Western Europe), 1978-2015      62
Compressed Air Energy Storage Systems Market: Technology Roadmap (Western Europe), 1978-2015               63
Compressed Air Energy Storage Systems Market: Technology Trends (Europe), 1978-2015                        64
Compressed Air Energy Storage Systems Market: Competitive Forces (Western Europe), 2010      67
Compressed Air Energy Storage Systems Market: Competitive Structure (Western Europe), 2010   68
Hydrogen Energy Storage Systems Market: Market Overview (Western Europe), 2010               71
Hydrogen Energy Storage Systems Market: Market Applications (Western Europe), 2010           72
Hydrogen Energy Storage Systems Market: Market Forces (Western Europe), 2011-2017            73
Hydrogen Energy Storage Systems Market: Competitive Forces (Western Europe), 2010            78
Hydrogen Energy Storage Systems Market: Competitive Structure (Western Europe), 2010         79
Battery Energy Storage Systems Market: Market Forces (Western Europe), 2011-2017             82
Battery Energy Storage Systems Market: Competitive Forces (Western Europe), 2010             85
Battery Energy Storage Systems Market: Competitive Structure (Western Europe), 2010          86
Molten Salt Energy Storage Systems Market: Cumulative Installed Capacity Forecasts (Western Europe), 2010, 2015 and 2017