Grid-scale Battery Storage Market To Reach $43.97 Billion By 2030

Grid-scale Battery Storage Market Growth & Trends

The global grid-scale battery storage market size is estimated to reach USD 43.97 billion by 2030, expanding at a CAGR of 27.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. An increase in the number of grid infrastructure, government initiatives, and investments to develop battery technologies and its storage capacity will propel the overall demand.

Increasing awareness among consumers, expanded deployment, utility sectors, technological advancements, and a push from various governments to adopt clean power energy generated by renewable sources are few factors that drive the demand for grid-scale battery storage across the globe. The market in North America accounted for around 21.09% of the global share in 2019.

Asia Pacific is anticipated to register the fastest CAGR from 2020 to 2027 owing to rapid urbanization, transmission & distribution system, increasing industrialization, and subsidies provided by the government for grid-scale battery storage capacity, mainly in the developing countries of India, China, and Singapore.

Considerable developments and investments in renewable energy projects are driving down the cost of lithium-ion batteries, thus increasing the demand for grid-scale storage batteries. The expansions in the grid-scale battery storage are being determined by upgradation of infrastructures, with favorable regulation, and improving system costs. However, exploring of new geographical markets and help in opening of the need for energy storage systems will spur the market development.

 Request a free sample copy or view report summary: Grid-scale Battery Storage Market Report

Grid-scale Battery Storage Market Report Highlights

• The lithium-based battery led the market and accounted for the largest revenue share of 85.0% in 2024.

• Other battery types include Sodium sulphur batteries, flow batteries. These batteries are expected to gain market share during the forecast period

• Asia Pacific region is projected to expand at the highest CAGR during the forecast period. China is expected to account for the maximum share in the regional market, in terms of revenue

• The North America grid-scale battery storage market is expected to grow at a CAGR of 27.2% over the forecast period, owing to favorable government policies, technological advancements, and increasing investments in renewable energy.

Grid-scale Battery Storage Market Segmentation

Grand View Research has segmented the global grid-scale battery storage market based on type, application, and region:

Grid-scale Battery Storage Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lead-Acid

• Lithium-Based

• Others

Grid-scale Battery Storage Application Outlook (Revenue, USD Million, 2018 - 2030)

• Ancillary Services

• Renewable Integration

• Others

Grid-scale Battery Storage Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Chile

• Middle East & Africa

  • UAE

  • South Africa

  • Morocco

List of Key Players in Grid-scale Battery Storage Market

• NGK Insulators Ltd.

• BYD Co. Ltd.

• Sumitomo Electric Industries, Ltd.

• Samsung SDI Co. Ltd.

• General Electric

• GS Yuasa Corp.

• LG Chem Ltd.

• Mitsubishi Electric Corp.

• Panasonic Corp.

• ABB Group

• Hitachi Ltd.

• Fluence Energy