Energy Storage Market grow at a CAGR of 25.46% to reach USD 477810.67 Billion by 2035, Global Energy Storage Market Analysis by Technology, Type, End-User, Size, Share, Trends,
The energy storage industry''s trajectory in recent years has been nothing short of remarkable, driven by increased customer recognition of
Out to 2030, the global energy storage market is bolstered by an annual growth rate of 21% to 137GW/442GWh by 2030, according to
The energy storage systems market size exceeded USD 668.7 billion in 2024 and is expected to grow at a CAGR of 21.7% from 2025 to 2034, driven by the
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing
What Is The Energy Storage Systems Market Size 2025 And Growth Rate? The energy storage systems market size has grown strongly in recent years. It will
The energy storage systems market size is expected to see strong growth in the next few years. It will grow to $379.29 billion in 2029 at a
From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year
The Energy Storage Market Report 2025 highlights key trends, workforce developments, investment flows, and other factors shaping the
The accelerated scenario forecasts 260GWh of demand annually by 2030 across numerous sectors. Image: RMI / RMI India / NITI Aayog. Demand for batteries in India
BNEF''s Energy Storage Market Outlook series unveiled that 2022 was the global energy storage''s record addition. However, the growth is expected to continue in the
100 50 0 The US energy storage market will be led by the front-of-meter (FTM) segment, with near term growth concentrated in California, Texas and the broader West BTM FTM Source:
The projected Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated at 12.5%, reflecting the robust momentum in energy storage technologies.
Stationary Energy Storage Market Analysis & Forecast: 2025-2032 Stationary Energy Storage Market is estimated to be valued at USD
In 2025, the global energy storage market is projected to maintain its growth trajectory, with new installed capacity reaching 221.9 GWh, up 26.5% YoY, as InfoLink forecasts.
With renewable sources expected to account for the largest share of electricity generation worldwide in the coming decades, energy storage will play a significant role in
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help
The report also found that if market growth continues along the lines of current trends, Europe is on course for 400GWh of cumulative
The global battery energy storage market size is projected to be worth $32.63 billion in 2025 & is expected to reach $114.05 billion by 2032
The Wood Mackenzie/American Clean Power U.S. Energy Storage Monitor forecasts 15.2 GW/48.7 GWh of capacity will be added in 2025 across all sectors.
Pumped hydro accounted for less than 70% for the first time, and the cumulative installed capacity of new energy storage（i.e. non-pumped
The rapid growth of variable solar and wind capacity in states such as California and Texas supports growth in battery storage, which works
A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations
Global energy storage’s record additions in 2023 will be followed by a 27% compound annual growth rate to 2030, with annual additions reaching 110GW/372GWh, or 2.6 times expected 2023 gigawatt installations. Targets and subsidies are translating into project development and power market reforms that favor energy storage.
Global installed energy storage is on a steep upward trajectory. From just under 0.5 terawatts (TW) in 2024, total capacity is expected to rise ninefold to over 4 TW by 2040, driven by battery energy storage systems (BESS). Last year saw a record-breaking 200 gigawatt-hours (GWh) of new BESS projects coming online, a growth rate of 80%.
The market will reach a CAGR of 36% over the coming decade, with cumulative capacity installed approaching 300 GWh. China, coming in second after the US, is also expected to see its cumulative storage capacity grow exponentially. It will account for 21% or 153 GWh of global cumulative capacity by the end of the decade.
Developing energy storage has become a global consensus. It was announced at COP29 in late 2024 that global storage capacity will increase to 1,500 GW by 2030, more than six times the 2022 level. As a result, InfoLink maintains a cautiously optimistic outlook for the medium- to long-term development of energy storage systems.
Global electricity output is set to grow by 50 percent by mid-century, relative to 2022 levels. With renewable sources expected to account for the largest share of electricity generation worldwide in the coming decades, energy storage will play a significant role in maintaining the balance between supply and demand.
The energy storage systems industry by technology is segmented into pumped hydro, electro-chemical, electro-mechanical, and thermal. The energy storage systems reached USD 433 billion, USD 535.8 billion and USD 668.7 billion in 2022, 2023 and 2024 respectively.
