Asia Pacific (APAC) Advanced Energy Storage Market (2019-2025) | Size, Analysis, Share, Growth, Revenue, industry, Outlook, Trends, Forecast & Value

Latest 2023 Developments of the APAC Advanced Energy Storage Market

APAC Advanced Energy Storage Market is developing as the flow battery industry has witnessed the innovation of new technology to overcome the life limit of next-generation water cell batteries. The Korea Advanced Institute of Science and Technology has developed a battery with the best life expectancy among all the redox flow batteries. China plans to add more than 30 gigawatts (GW) of new energy storage capacity by 2025, according to the state planner, as part of efforts to increase renewable energy usage while keeping the electric grid stable.

Mergers And Acquisition:

• On 23 April 2021, with the acquisition of Blue Yonder, Panasonic accelerates the autonomous supply chain.
• On 29 July 2021, South Korea's top chemical firm, LG Chem Ltd., said it will take over LG Electronics Inc.'s battery separator business.
• On 03 Aug 2021, Nidec acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd.

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APAC Advanced Energy Storage Market Synopsis

Increasing emphasis on energy management to meet the rising demand for electricity would surge the demand for the advanced energy storage market in the APAC region. Additionally, the surging adoption of electric vehicles, and increasing research and development initiatives for sustainable energy, particularly in China, India and Japan would further boost the growth of the Asia Pacific advanced energy storage market.

According to 6Wresearch, the Asia Pacific (APAC) advanced energy storage market size is expected to grow during 2019-2025. on the back of government initiatives towards the use of sustainable and green energy sources. For instance, the Chinese government has significantly increased the production of electric vehicles and the country has introduced smart cars, this initiative would help the country to combat pollution-related problems and attain technological advancement. Moreover, India has significantly increased the production of EV batteries and has enhanced its domestic production capacity. Further, initiatives such as “Made in China 2025”, re-development plans in Japan and “Make in India” would further fuel the advanced energy storage market in the Asia Pacific region. Additionally, U.S. Trade and Development Agency has partnered with Vietnam Electricity (EVN) to develop advanced energy storage technologies in Vietnam. These technologies cover battery energy storage systems and flywheels and would help to increase renewable energy generation capacity.

The transportation sector is the key growth segment in the APAC region due to increased emphasis by the government on domestic production. This sector would spur the APAC advanced energy storage market forecast period revenues.

The APAC advanced energy storage market report thoroughly covers the market by technologies, applications and countries. The APAC advanced energy storage market analysis report provides an unbiased and detailed analysis of the ongoing APAC advanced energy storage market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• APAC Advanced Energy Storage Market Overview.
• APAC Advanced Energy Storage Market Outlook.
• APAC Advanced Energy Storage Market Forecast.
• APAC Advanced Energy Storage Market Analysis.
• Historical data of APAC Advanced Energy Storage Market Revenues for the Period 2015-2018.
• Market Size & APAC Advanced Energy Storage Market Forecast of Revenues Until 2025.
• Historical Data of Japan Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Japan Advanced Energy Storage Market Revenues, until 2025
• Historical Data of China Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of China Advanced Energy Storage Market Revenues, until 2025
• Historical Data of India Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of India Advanced Energy Storage Market Revenues, until 2025
• Historical Data of Australia Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Australia Advanced Energy Storage Market Revenues, until 2025
• Historical Data of Indonesia Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Indonesia Advanced Energy Storage Market Revenues, until 2025
• Historical Data of Thailand Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Thailand Advanced Energy Storage Market Revenues, until 2025
• Historical Data of Malaysia Advanced Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Malaysia Advanced Energy Storage Market Revenues, until 2025
• Historical Data of India, China, Japan, Indonesia, Thailand, Malaysia, and Australia Advanced Energy 
  Storage Market Revenues, by Applications, for the Period 2015-2018.
• Market Size & Forecast of India, China, Japan, Indonesia, Thailand, Malaysia, and Australia Advanced 
  Energy Storage Market Revenues, by Applications, Until 2025.
• Historical Data of the Rest of the APAC Region Advanced Energy Storage Market Revenues for the Period 2015-2018.
• Market Size & Forecast of Rest of APAC Region Advanced Energy Storage Market Revenues, Until 2025.
• Market Drivers and Restraints
• APAC Advanced Energy Storage Market Trends
• APAC Advanced Energy Storage Market Overview on Competitive Benchmarking
• APAC Advanced Energy Storage Market Share, By Players
• Company Profiles
• Strategic Recommendations

Markets Covered:

The APAC advanced energy storage market report provides a detailed analysis of the following market segments:

By Technologies

• Electro Chemical
• Thermal 
• Mechanical
• Others

By Applications

• Residential
• Transportation
• Commercial & Industrial
• Power Utilities

By Countries

• India
• China
• Japan
• South Korea
• Australia
• Malaysia
• Indonesia 
• Thailand

Frequently Asked Questions About the Market Study (FAQs):