Global Battery Energy Storage Systems Market Size & Outlook
The battery energy storage systems industry worldwide is expected to reach a projected revenue of US$ 58,761.5 million by 2030. A compound annual growth rate of 33% is expected of the worldwide battery energy storage systems industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,972.9
Forecast, 2030 (US$M)
$58,761.5
CAGR, 2024 - 2030
33%
Report Coverage
Worldwide
Global battery energy storage systems market, 2018-2030 (US$M)
Related Markets
Global battery energy storage systems market highlights
- The global battery energy storage systems market generated a revenue of USD 7,972.9 million in 2023 and is expected to reach USD 58,761.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 33% by 2030.
- In terms of segment, commercial accounted for a revenue of USD 5,744.0 million in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,972.9 million |
| Market revenue in 2030 | USD 58,761.5 million |
| Growth rate | 33% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 20.7% of the global battery energy storage systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 802.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Battery Energy Storage Systems Market Scope
Battery energy storage systems market segmentation & scope
Battery Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global battery energy storage systems 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 battery energy storage systems market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 72.04% in 2023. Horizon Databook has segmented the Global battery energy storage systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Battery Energy Storage Systems Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
Reasons to subscribe to Global battery energy storage systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global battery energy storage systems market databook
-
Our clientele includes a mix of battery energy storage systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global battery energy storage systems market , including forecasts for subscribers. This global databook contains high-level insights into Global battery energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global battery energy storage systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Battery energy storage systems market size, 2023 (US$M)
Global battery energy storage systems market share, by application, 2023 & 2030 (%, US$M)
battery energy storage systems market: Opportunity assessment by country
Global battery energy storage systems market, by region, 2023 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
