Global Energy Storage Market Research Report: Forecast (2025-2030)

Energy Storage Market- By Type (Battery [Lithium-ion Batteries, Lead-acid Batteries, Redox Flow Batteries], Pumped Storage Hydropower, Compressed Air Energy Storage, Gravity-based Energy Storage, Liqu... ... Energy Storage, Liquid Air Energy Storage [LAES], Flywheel Energy Storage [FES]), By End User (Residential, Commercial, Utilities), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), and others Read more

  • Energy
  • Mar 2025
  • 232
  • PDF, Excel, PPT

Market Definition

Energy storage is the process of accumulating energy in specific devices or systems for future use, allowing companies and industries to conserve energy and utilize it when energy demand rises. In this way, energy storage ensures a steady supply-demand equilibrium for consumers, avoiding issues like unreliable electricity and abrupt price spikes. It stores green energies like solar, wind, hydro, and others. There are various types of energy storage, including mechanical, electrochemical, thermal, electrical, and hydrogen-based storage.

Market Insights & Analysis: Global Energy Storage Market (2025-30):

The Global Energy Storage Market size is valued at nearly USD 58.41 Billion in 2024 & is predicted to reach about USD 114.01 Billion by 2030. Along with this, the market is also estimated to grow at a CAGR of around 14.31% during the forecast period, i.e., 2025-30. The market's growth is driven by the increasing support from governments for the adoption of robust & resilient global energy grids. The government initiatives in the energy storage sector are on the rise, underpinned by a surge in policies & regulations. These measures are designed to facilitate the transition from fossil fuels to renewable energy sources, a critical strategy for mitigating climate change & curbing greenhouse gas emissions.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 58.41 Billion
  Market Value by 2030   USD 114.01 Billion
  CAGR (2025-30)   14.31%
  Leading Region   Asia-Pacific
  Top Key Players Contemporary Amperex Technology Ltd, NextEra Energy, Toshiba Corporation, GS Yuasa Corporation, Siemens, ABB, LG Chem., Voith GmbH & Co. KGaA, Hitachi Energy, Mitsubishi Electric Corporation, Tesla, Samsung SDI, UniEnergy Technologies, LLC, General Electric, ANDRITZ HYDRO GmbH, Others
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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Nonetheless, renewable energy sources, such as solar and wind, are known for their intermittent power generation, dependent on factors like sunlight & wind patterns. This intermittency poses substantial challenges to grid stability & reliability. Energy storage systems have emerged as a pivotal solution to address this challenge, effectively integrating renewable energy storage systems into the grid infrastructure. Consequently, countries like the US, Germany, and India, among others, are instituting policies & regulations to incentivize and promote the widespread deployment of energy storage technologies. Due to these policies and regulations by countries, there is a surging investment in the sector by companies like LG Chem, ABB, and Samsung, which are expected to make energy storage systems more affordable & accessible.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Energy Industry Outlook, 2025
    1. Generation, By Source
      1. Renewable
        1. Hydro
        2. Solar
        3. Wind
        4. Biomass Energy
        5. Geothermal
      2. Non-renewables
        1. Coal
        2. Natural Gas
        3. Oil
        4. Nuclear Energy
    2. Generation, By Region
      1. North America
      2. South America
      3. Europe
      4. The Middle East & Africa
      5. Asia-Pacific
    3. Government Initiatives, By Countries
      1. The US
      2. Canada
      3. Brazil
      4. The UK
      5. Germany
      6. Spain
      7. Saudi Arabia
      8. The UAE
      9. South Africa
      10. China
      11. India
      12. Others
  5. Global Energy Storage Market, Startup, Investment, and Ecosystem
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series-wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  6. Global Energy Storage Market Pricing Analysis
  7. Global Energy Storage Market Trends & Developments
  8. Global Energy Storage Market Dynamics
    1. Drivers
    2. Challenges
  9. Global Energy Storage Market Regulations & Policies
  10. Global Energy Storage Hotspot & Opportunities
  11. Global Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Size & Analysis
      1. By Type
        1. Battery- Market Size & Forecast 2020-2030, USD Billion
          1. Lithium-ion Batteries- Market Size & Forecast 2020-2030, USD Billion
          2. Lead-acid Batteries- Market Size & Forecast 2020-2030, USD Billion
          3. Redox Flow Batteries- Market Size & Forecast 2020-2030, USD Billion
        2. Pumped Storage Hydropower - Market Size & Forecast 2020-2030, USD Billion
        3. Compressed Air Energy Storage - Market Size & Forecast 2020-2030, USD Billion
        4. Gravity-based Energy Storage - Market Size & Forecast 2020-2030, USD Billion
        5. Liquid Air Energy Storage (LAES) - Market Size & Forecast 2020-2030, USD Billion
        6. Flywheel Energy Storage (FES) - Market Size & Forecast 2020-2030, USD Billion
      2. By End User
        1. Residential- Market Size & Forecast 2020-2030, USD Billion
        2. Commercial - Market Size & Forecast 2020-2030, USD Billion
        3. Utilities- Market Size & Forecast 2020-2030, USD Billion
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      4. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  12. North America Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2020-2030, USD Billion
      2. By End User- Market Size & Forecast 2020-2030, USD Billion
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    4. Canada Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    5. Mexico Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
  13. South America Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2020-2030, USD Billion
      2.  By End User Market Size & Forecast 2020-2030, USD Billion
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    4. Argentina Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
  14. Europe Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2020-2030, USD Billion
      2.  By End User- Market Size & Forecast 2020-2030, USD Billion
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. The Netherlands
        6. Rest of Europe
    3. Germany Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    4. The UK Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    5. France Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    6. Spain Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    7. The Netherlands Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
  15. The Middle East & Africa Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2020-2030, USD Billion
      2.  By End User- Market Size & Forecast 2020-2030, USD Billion
      3. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    4. Saudi Arabia Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    5. South Africa Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
  16. Asia-Pacific Energy Storage Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2020-2030, USD Billion
      2. By End User- Market Size & Forecast 2020-2030, USD Billion
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    4. Japan Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
    5. India Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Size & Analysis
        1. By Revenues (USD Billion)
    6. Australia Energy Storage Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
  17. Global Energy Storage Market Key Strategic Imperatives for Success & Growth
  18. Competitive Outlook
    1. Company Profiles 
      1. Contemporary Amperex Technology Ltd
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. NextEra Energy
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Toshiba Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. GS Yuasa Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Siemens
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. ABB
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. LG Chem.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Voith GmbH & Co. KGaA                                       
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Hitachi Energy
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Mitsubishi Electric Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Tesla
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Samsung SDI
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. UniEnergy Technologies, LLC
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. General Electric
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
      15. ANDRITZ HYDRO GmbH
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  19. Disclaimer

 


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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