Global Battery Energy Storage Systems Market Size & Outlook
Global battery energy storage systems market, 2018-2030 (US$M)
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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.
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Battery Energy Storage Systems Market Scope
Battery Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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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
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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.
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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)
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