Global Grid-scale Battery Storage Market Size & Outlook
Global grid-scale battery storage market, 2018-2030 (US$M)
Related Markets
Global grid-scale battery storage market highlights
- The global grid-scale battery storage market generated a revenue of USD 10,699.5 million in 2024 and is expected to reach USD 43,968.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 27% by 2030.
- In terms of segment, lithium-based accounted for a revenue of USD 11,334.6 million in 2024.
- Lithium-Based is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Russia is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 10,699.5 million |
| Market revenue in 2030 | USD 43,968.9 million |
| Growth rate | 27% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-based |
| Fastest growing segment | Lithium-Based |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead-Acid, Lithium-Based |
Other key industry trends
- In terms of revenue, the North America accounted for 25.2% of the global grid-scale battery storage market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 1,367.4 million by 2030.
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Grid-scale Battery Storage Market Scope
Grid-scale Battery Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fluence Energy Inc | View profile | 1112 | 4601 Fairfax Drive, Suite 600, Arlington, VA, United States, 22203 | https://www.fluenceenergy.com |
| GS Yuasa Corp | View profile | 17031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | http://www.gs-yuasa.com |
| NGK Insulators Ltd | View profile | 22714 | 2-56 Suda-cho, Mizuho, Nagoya, Japan, 467-8530 | http://www.ngk.co.jp |
| BYD Co Ltd ADR | View profile | 703504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | https://www.byd.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Global grid-scale battery storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grid-scale battery storage market will help companies and investors design strategic landscapes.
Lithium-based was the largest segment with a revenue share of 105.94% in 2024. Horizon Databook has segmented the Global grid-scale battery storage market based on lead-acid, lithium-based covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Grid-scale Battery Storage Type Outlook (Revenue, USD Million, 2018-2030)
- Lithium-Based
- Others
- Lead-Acid
- Global Grid-scale Battery Storage Application Outlook (Revenue, USD Million, 2018-2030)
- Others
- Ancillary Services
- Renewable Integration
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Horizon Databook provides a detailed overview of global-level data and insights on the Global grid-scale battery storage market , including forecasts for subscribers. This global databook contains high-level insights into Global grid-scale battery storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global grid-scale battery storage market size, by regions, 2018-2030 (US$M)
Top 10 countries: Grid-scale battery storage market size, 2024 (US$M)
Global grid-scale battery storage market share, by type, 2024 & 2030 (%, US$M)
Grid-scale battery storage market: Opportunity assessment by country
Global grid-scale battery storage market, by region, 2024 (US$M)
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