Global Energy Storage Systems Market Size & Outlook
Global energy storage systems market, 2018-2030 (US$M)
Related Markets
Global energy storage systems market highlights
- The global energy storage systems market generated a revenue of USD 222,787.5 million in 2022 and is expected to reach USD 512,407.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 11% by 2030.
- In terms of segment, pumped hydro accounted for a revenue of USD 210,739.4 million in 2022.
- Advanced is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 222,787.5 million |
| Market revenue in 2030 | USD 512,407.9 million |
| Growth rate | 11% (CAGR from 2022 to 2030) |
| Largest segment | Pumped hydro |
| Fastest growing segment | Advanced |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pumped Hydro, Advanced |
Other key industry trends
- In terms of revenue, the North America accounted for 15.0% of the global energy storage systems market in 2022.
- By country, the China 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 15,095.6 million by 2030.
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Energy Storage Systems Market Scope
Energy Storage Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global 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 energy storage systems market will help companies and investors design strategic landscapes.
Pumped hydro was the largest segment with a revenue share of 94.59% in 2022. Horizon Databook has segmented the Global energy storage systems market based on pumped hydro, advanced covering the revenue growth of each sub-segment from 2018 to 2030.
Clean renewable energy is an affordable alternative to fossil fuel-based electricity. Its use can help curb the overdependence on fossil fuels, reduce greenhouse gas emissions subsequently air pollution, and diversify power supply.
Pollution is a rising concern for governments in various countries across the globe as it affects human beings as well as animals. The foremost country in this context was China since the air quality in the country has witnessed a drastic reduction. In Bangladesh, smoldering waste is dumped in the open, which causes the surrounding air to become toxic and harm the human beings and animals.
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Our clientele includes a mix of energy storage systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global energy storage systems market , including forecasts for subscribers. This global databook contains high-level insights into Global energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global energy storage systems market size, by region, 2018-2030 (US$M)
Top 10 countries: Energy storage systems market size, 2022 (US$M)
Global energy storage systems market share, by technology, 2022 & 2030 (%, US$M)
Energy storage systems market: Opportunity assessment by country
Global energy storage systems market, by region, 2022 (US$M)
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