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 |
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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.
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.
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