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Gravity Energy Storage Systems Market Size, Share & Trends Analysis Report By Type (20 MWh, 35 MWh, and 80 MWh), By Application (Mountain, and Ocean), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Categories: Energy and Power

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The report titled “Global Gravity Energy Storage Systems Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2027” offers strategic visions into the global Gravity Energy Storage Systems market along with the market size (Volume – Million Tons and Revenue – US$ Billion) and estimates for the duration 2016 to 2027. The said research study covers an in-depth analysis of multiple market segments based on production methods, end-use, and study across different topographies. The report is also inclusive of competitive profiling of the leading Gravity Energy Storage Systems vendors, and the latest developments.

 

Gravity Energy Storage System is a storage system that stores massive amounts of energy for a period of 6-14 hours before being made usable again. The basic concept of gravity storage is based on hydraulically moving a massive rock mass with water pumps. The rock mass accumulates potential energy, which it will expel when the under-pressure water is discharged out into a turbine. The storage space is the deciding factor in this form of energy storage. It grows as the radius is multiplied by the fourth power, r4. Gravity Storage's performance, at about 80%, is comparable to that of a pump storage system. To withstand hydraulic pressure, the storage needs two key seals: one that seals the piston and the external walls, and another that seals the ring around the piston. To prevent leaks from the storage system, the piston and its surroundings are covered with concrete and steel. Between the piston and the cylinder is a rolling membrane seal.

 

The main driving factor of the gravity energy storage systems is the availability of affordable raw materials. For instance, gravitational energy storage systems can be developed by using any heavy material as compared to electrochemical batteries require materials that are easily charged and discharged, which are also uncommon and expensive precious metals. Furthermore, the Gravity Energy storage system technology can provide a lower long-term cost of energy storage than batteries primarily where a lifespan of more than 10 years is expected. This is particularly true for peak-shaving systems, in which storage is used to minimize grid spend indefinitely. Also, the gravity energy storage systems have lower operating costs. For instance, operating machinery, such as pumps, engines, and generators, may be planned for a 60-year or longer service life and then replaced as required. Gravity Storage energy system requires suitable geological conditions and no elevation difference are some of the factors restraining the gravity energy storage system market. The lockdown policies due to COVID-19 and supply shortages are slowing down underway projects that have already been funded, which are having a negative impact on the growth of the global gravity energy storage system market. The need for renewable sources of energy is increasing towards the Gigawatt scale, so does the need for large-scale capacity. Gravity Energy Storage system most possible markets are areas where photovoltaic has the capacity to meet a large portion of energy demand in the future.

 

The global Gravity Energy Storage Systems market has been segmented based on type and application. On the basis of type Gravity Energy Storage Systems is segmented into 20 MWh, 35 MWh, and 80 MWh. Based on application the global Gravity Energy Storage Systems is segmented into mountain and ocean.

 

Based on geography, the global Gravity Energy Storage Systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, the UK, Italy, and the Rest of Europe. The key countries included under the Asia Pacific are China, Japan, India, Australia, and the Rest of Asia Pacific. In Latin America, Brazil, Argentina, and the Rest of Latin America are the key segments whereas, in the Middle East & Africa, South Africa and the Rest of MEA are the key segments covered in the report. The global gravity energy storage systems market is mainly dominated by North America and European regions. This is due to the presence of the number of major players are based in these regions. Furthermore, several projects are under construction to build gravity storage systems.

 

The global Gravity Energy Storage Systems market is concentrated with leading manufacturers such as Heindl Energy (New Energy Let's Go), Energy Vault, StratoSolar Inc., Gravitricity, Sink Float Solutions, Gravity Energy AG, Advanced Rail Energy Storage, Zhejiang Damon Industry Equipment Co., Ltd., and DNV. The major players in the global Gravity Energy Storage Systems market are focusing on research and development to manufacture innovative products and solutions. For instance, in Match 2021, Switzerland-based Energy Vault announced that they have completed a 35-megawatt-hour demonstration plant in Lugano last year and is undergoing final testing. Furthermore, Scotland-based Gravitricity announced that a 250-kilowatt demonstration is being built in Edinburgh and is expected to be completed this year. In October 2020, U.S.A-based Advanced Rail Energy Storage (ARES), has announced its first GravityLineTM merchant energy storage facility. The 50 MW facility and is expected to provide 15 minutes of regulation services at full capacity.

 

Global Gravity Energy Storage Systems Market Growth, Trend and Forecast 2021-2027

Chapter 1 Gravity Energy Storage Systems Market Overview
1.1 Product Overview and Scope of Gravity Energy Storage Systems
1.2 Gravity Energy Storage Systems Market Segmentation by Type
1.2.1 Global Production Market Share of Gravity Energy Storage Systems by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Gravity Energy Storage Systems Market Segmentation by Application
1.3.1 Gravity Energy Storage Systems Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Gravity Energy Storage Systems Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Gravity Energy Storage Systems (2014-2027)

Chapter 2 Global Economic Impact on Gravity Energy Storage Systems Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Gravity Energy Storage Systems Market Competition by Manufacturers
3.1 Global Gravity Energy Storage Systems Production and Share by Manufacturers (2020 and 2020)
3.2 Global Gravity Energy Storage Systems Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Gravity Energy Storage Systems Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Gravity Energy Storage Systems Manufacturing Base Distribution, Production Area and Product Type
3.5 Gravity Energy Storage Systems Market Competitive Situation and Trends
3.5.1 Gravity Energy Storage Systems Market Concentration Rate
3.5.2 Gravity Energy Storage Systems Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Gravity Energy Storage Systems Production, Revenue (Value) by Region (2014-2021)
4.1 Global Gravity Energy Storage Systems Production by Region (2014-2021)
4.2 Global Gravity Energy Storage Systems Production Market Share by Region (2014-2021)
4.3 Global Gravity Energy Storage Systems Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Gravity Energy Storage Systems Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Gravity Energy Storage Systems Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Gravity Energy Storage Systems Consumption by Regions (2014-2021)
5.2 North America Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Gravity Energy Storage Systems Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Gravity Energy Storage Systems Production, Revenue (Value), Price Trend by Type
6.1 Global Gravity Energy Storage Systems Production and Market Share by Type (2014-2021)
6.2 Global Gravity Energy Storage Systems Revenue and Market Share by Type (2014-2021)
6.3 Global Gravity Energy Storage Systems Price by Type (2014-2021)
6.4 Global Gravity Energy Storage Systems Production Growth by Type (2014-2021)

Chapter 7 Global Gravity Energy Storage Systems Market Analysis by Application
7.1 Global Gravity Energy Storage Systems Consumption and Market Share by Application (2014-2021)
7.2 Global Gravity Energy Storage Systems Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Gravity Energy Storage Systems Manufacturing Cost Analysis
8.1 Gravity Energy Storage Systems Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Gravity Energy Storage Systems

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Gravity Energy Storage Systems Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Gravity Energy Storage Systems Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Gravity Energy Storage Systems Market Forecast (2021-2027)
12.1 Global Gravity Energy Storage Systems Production, Revenue Forecast (2021-2027)
12.2 Global Gravity Energy Storage Systems Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Gravity Energy Storage Systems Production Forecast by Type (2021-2027)
12.4 Global Gravity Energy Storage Systems Consumption Forecast by Application (2021-2027)
12.5 Gravity Energy Storage Systems Price Forecast (2021-2027)

Chapter 13 Appendix


 

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  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Gravity Energy Storage Systems Market Size, Share ...

RD Code : EP21