Japan Energy Storage Systems Market Size & Outlook
Japan energy storage systems market, 2018-2030 (US$M)
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Japan energy storage systems market highlights
- The Japan energy storage systems market generated a revenue of USD 35,796.2 million in 2022 and is expected to reach USD 83,256.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.1% from 2023 to 2030.
- In terms of segment, pumped hydro was the largest revenue generating technology in 2022.
- Advanced is the most lucrative technology segment registering the fastest growth during the forecast period.
Energy storage systems market data book summary
| Market revenue in 2022 | USD 35,796.2 million |
| Market revenue in 2030 | USD 83,256.0 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Pumped hydro |
| Fastest growing segment | Advanced |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pumped Hydro, Advanced |
| Key market players worldwide | Altair Engineering Inc Class A, Ecolab Inc, Electrovaya Inc, GE Aerospace, Longfor Group Holdings Ltd, LG Chem, Safety Insurance Group Inc, Showa Paxxs Corp, Furukawa Battery Co Ltd, Fluence Energy Inc, Samsung SDI Co Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Japan accounted for 16.1% of the global energy storage systems market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China energy storage systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,284.9 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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Japan 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 98.91% in 2022. Horizon Databook has segmented the Japan energy storage systems market based on pumped hydro, advanced covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is the one of the largest solar power generating economy in the region and it is expected to invest even more in unconventional energy resources over the forecast period. Following the Fukushima nuclear disaster in 2011, Japan has significantly invested in clean and green power generation.
Moreover, various policies and regulation introduced by Japanese government for developing cleaner and greener energy projects in the country. Further, rise in emphasis on energy efficiency and energy conservation practices is expected to propel the market for energy storage systems in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan energy storage systems market , including forecasts for subscribers. This country databook contains high-level insights into Japan energy storage systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan energy storage systems market size, by technology, 2018-2030 (US$M)
Japan Energy Storage Systems Market Outlook Share, 2022 & 2030 (US$M)
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