Advance energy storage system has gained popularity over the years with growing concerns over climate change, which has eventually led to opt for renewable and sustainable energy resources as an alternative. There has been significant development in the advance energy market in the recent years, owing to factors like technological advancements and decreased average cost per KWh. Energy storage technology providers and systems integrators are elemental to the growth of advance energy storage market. Different types of application segment has different requirement, which in turn leads to different forms of energy storage technologies. Hence, the advance energy storage market comprises of technologies like Lithium Ion battery, flow battery, molten salt battery, metal air battery and Ultrabattery.