Energy Storage Market Size, Share & Growth Analysis By Source (Renewable Energy, Conventional Energy, Others (Standalone / Grid Services)), By Technology (Electrochemical (Battery) Storage, Mechanical Storage, Thermal Storage, Hydrogen-based Energy Storage, Hybrid Storage Solutions), By Installation (Front-of-the-Meter (FTM), Behind-the-Meter (BTM), Off-Grid / Standalone), By Ownership (Direct Ownership (Utility-Owned), Third-Party / Leasing, Others), By Application (Grid-Scale / Utility, Commercial & Industrial, Residential Applications, Transportation & Mobility, Remote Systems & Microgrids, Military Applications), And Regional Forecast, 2025-2034

Report Summary

Eternity Insights has published a new study on Global Energy Storage Market focusing on key segments and regions. This in-depth research report highlights the market and competitive intelligence across the key segments of the market. The report also considers the impact of COVID-19 on the global Energy Storage Market.

The report considers 2020-2023 as historic period, 2024 as base year, and 2025-2034 as forecast period. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market scenario and competition. Moreover, key insights related to market having direct impact on the market will also be covered.

Energy Storage Market report is based on robust research methodology designed using blend of research ap-proaches developed using secondary/desk research and validated through primary research and expert insights. Eternity Insights also uses paid databases such as FACIVA, Hoovers, and other benchmarking and forecasting tools to provide accurate statistical analysis of supply and demand trends.

Global Energy Storage Market Size, 2020-2034 (USD Million)

Global Energy Storage Market Segmentation:

Energy Storage Market, By Source

• Renewable Energy
• Conventional Energy
• Others (Standalone / Grid Services)

Energy Storage Market, By Technology

• Electrochemical (Battery) Storage
  • Lithium-ion Batteries
  • Lead-Acid Batteries
  • Flow Batteries
  • Others
• Mechanical Storage
  • Pumped HydrStorage
  • Compressed Air Energy Storage
  • Flywheel Energy Storage
  • Gravity Storage
• Thermal Storage
  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermochemical Storage
• Hydrogen-based Energy Storage
• Hybrid Storage Solutions

Energy Storage Market, By Installation

• Front-of-the-Meter (FTM)
• Behind-the-Meter (BTM)
• Off-Grid / Standalone

Energy Storage Market, By Ownership

• Direct Ownership (Utility-Owned)
• Third-Party / Leasing
• Others

Energy Storage Market, By Application

• Grid-Scale / Utility
• Commercial & Industrial
• Residential Applications
• Transportation & Mobility
• Remote Systems & Microgrids
• Military Applications

Geographically, the market is categorized into five regions as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region dominates the global Energy Storage market in terms of demand generation. The Energy Storage market in Asia Pacific region is expected to grow at significantly high growth rate. The regional market is further sub-segmented and analyzed at granular level across key countries. The report will include market size and forecast for Energy Storage market for below listed countries across each region.

North America (U.S. and Canada), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific region); Latin America (Brazil, Mexico, and rest of the Latin America); Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa).

Global Energy Storage Market Taxonomy:

Global Energy Storage Market Competitive Landscape

The global Energy Storage market analysis report covers detailed analysis of competitive scenario across globe. The report includes profiles of leading players covering below details

• Company Overview
• Financial Analysis
• Product Portfolio Analysis
• Strategic Overview
• SWOT Analysis

List of Companies Profiled in the report:

• Tesla Energy
• BYD Company Ltd.
• CATL (Contemporary Amperex Technology Co. Ltd.)
• LG Energy Solution
• Siemens Energy
• Huawei Technologies Co., Ltd.
• GE Vernova
• Samsung SDI
• Panasonic Corporation
• Hitachi Energy
• Fluence Energy
• NextEra Energy
• Enel Green Power
• ESS Inc.
• Wärtsilä Energy
• Other Players of Specific Interest can be added based on the requirement

Market Segmentation

Key Benefits to the stakeholders

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) and volume (Tons) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Table Of Contents

1 Methodology and Scope

1.1 Market segmentation & scope
1.2 Information Procurement

1.2.1 Purchased Database
1.2.2 Eternity’s Internal Database
1.2.3 Secondary sources & third-party perspectives
1.2.4 Primary Research

1.3 Information analysis
1.4 Market formulation & data visualization
1.5 Data validation & publishing

2 Executive Summary

3 Energy Storage Market Variables, Trends & Scope

3.1 Market Dynamics

3.1.1 Market Driver Analysis
3.1.2 Market Restraints
3.1.3 Market Challenge Analysis
3.1.4 Market Opportunities
3.1.5 Micro & Macro Indicator

3.2 Impact of COVID-19 Pandemic on Global Energy Storage Market

3.2.1 Overview of Changing Landscape
3.2.2 Pre-covid & Post-Covid Market Analysis

3.3 Market Attractiveness Analysis
3.4 Regulatory Scenario
3.5 Industry Trend Analysis- Historic and Future Trend Assessment
3.6 Merger & Acquisition
3.7 New System Launch/Approvals
3.8 Market Analysis Tools

3.8.1 Porter’s Five Forces
3.8.2 PEST Analysis
3.8.3 Value Chain Analysis

3.9 Key Company Ranking Analysis, 2020

4 Global Energy Storage Market Analysis and Forecast, By Type

4.1 Overview & Definition
4.2 Key Trends
4.3 Global Energy Storage Market Value (US$ Mn) Forecast, by Type (2019 – 2028)

4.2.1 Lithium Ion Technology
4.2.2 Lead Acid Technology
4.2.3 Sodium Chemistry Technology
4.2.4 Flow Vanadium Technology
4.2.5 Flow Zinc Technology
4.2.6 Others

4.4 Type Comparison Matrix
4.5 Global Energy Storage Market Attractiveness, By Type

5 Global Energy Storage Market Analysis and Forecast, By Application

5.1 Overview & Definition
5.2 Key Trends
5.3 Global Energy Storage Market Value (US$ Mn) Forecast, by Application (2019 – 2028)

5.3.1 Residential
5.3.2 Commercial
5.3.3 Utility
5.3.4 Other

5.4 Application Comparison Matrix
5.5 Global Energy Storage Market Attractiveness, by Application

6 Global Energy Storage Market Analysis and Forecast, By Region

6.1 Overview & Definition
6.2 Key Trends
6.3 Global Energy Storage Market Value (US$ Mn) Forecast, by Region (2019 – 2028)
6.4 North America
6.5 Europe
6.6 Asia Pacific
6.7 Latin America
6.8 Middle East & Africa

7 Global Energy Storage Market Attractiveness, by Region

8 North America Energy Storage Market Analysis and Forecast

8.1 Key Findings
8.2 North America Energy Storage Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

8.2.1 Lithium Ion Technology
8.2.2 Lead Acid Technology
8.2.3 Sodium Chemistry Technology
8.2.4 Flow Vanadium Technology
8.2.5 Flow Zinc Technology
8.2.6 Others

8.3 North America Energy Storage Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

8.3.1 Residential
8.3.2 Commercial
8.3.3 Utility
8.3.4 Other

8.4 North America Energy Storage Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

8.4.1 U.S.
8.4.2 Canada
8.4.3 Rest of North America

8.5 North America Energy Storage Market Attractiveness Analysis

8.5.1 By Type
8.5.2 By Application
8.5.3 By Country

9 Europe Energy Storage Market Analysis and Forecast

9.1 Key Findings
9.2 Europe Energy Storage Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

9.2.1 Lithium Ion Technology
9.2.2 Lead Acid Technology
9.2.3 Sodium Chemistry Technology
9.2.4 Flow Vanadium Technology
9.2.5 Flow Zinc Technology
9.2.6 Others

9.3 Europe Energy Storage Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

9.3.1 Residential
9.3.2 Commercial
9.3.3 Utility
9.3.4 Other

9.4 Europe Energy Storage Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

9.4.1 U.K.
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Rest of Europe

9.5 Europe Energy Storage Market Attractiveness Analysis

9.5.1 By Type
9.5.2 By Application
9.5.3 By Country

10 Asia Pacific Energy Storage Market Analysis and Forecast

10.1 Key Findings
10.2 Asia Pacific Energy Storage Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

10.2.1 Lithium Ion Technology
10.2.2 Lead Acid Technology
10.2.3 Sodium Chemistry Technology
10.2.4 Flow Vanadium Technology
10.2.5 Flow Zinc Technology
10.2.6 Others

10.3 Asia Pacific Energy Storage Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

10.3.1 Residential
10.3.2 Commercial
10.3.3 Utility
10.3.4 Other

10.4 Asia Pacific Energy Storage Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Rest of APAC

10.5 Asia Pacific Energy Storage Market Attractiveness Analysis

10.5.1 By Type
10.5.2 By Application
10.5.3 By Country

11 Latin America Energy Storage Market Analysis and Forecast

11.1 Key Findings
11.2 Latin America Energy Storage Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

11.2.1 Lithium Ion Technology
11.2.2 Lead Acid Technology
11.2.3 Sodium Chemistry Technology
11.2.4 Flow Vanadium Technology
11.2.5 Flow Zinc Technology
11.2.6 Others

11.3 Latin America Energy Storage Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

11.3.1 Residential
11.3.2 Commercial
11.3.3 Utility
11.3.4 Other

11.4 Latin America Energy Storage Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

11.4.1 Brazil
11.4.2 Rest of Latin America China

11.5 Latin America Energy Storage Market Attractiveness Analysis

11.5.1 By Type
11.5.2 By Application
11.5.3 By Country

12 Middle East & Africa (MEA) Energy Storage Market Analysis and Forecast

12.1 Key Findings
12.2 Middle East & Africa (MEA) Energy Storage Market Analysis (US$ Mn) and Forecast, By Product Type (2019-2028)

12.2.1 Lithium Ion Technology
12.2.2 Lead Acid Technology
12.2.3 Sodium Chemistry Technology
12.2.4 Flow Vanadium Technology
12.2.5 Flow Zinc Technology
12.2.6 Others

12.3 Middle East & Africa (MEA) Energy Storage Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

12.3.1 Residential
12.3.2 Commercial
12.3.3 Utility
12.3.4 Other

12.4 Middle East & Africa (MEA) Energy Storage Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

12.4.1 GCC Countries
12.4.2 South Africa
12.4.3 Rest of MEA

12.5 Middle East & Africa (MEA) Energy Storage Market Attractiveness Analysis

12.5.1 By Type
12.5.2 By Application
12.5.3 By Country

13 Competitive Landscape

13.1 Market Players – Competition Matrix
13.2 Market Share Analysis by Key Players, 2020 (%)
13.3 Company Profiles

13.3.1 Duke Energy

13.3.1.1 Company Overview
13.3.1.2 Company Snapshot
13.3.1.3 Financial Overview
13.3.1.4 Product Portfolio
13.3.1.5 Key Developments/Strategies

13.3.2 E.ON
13.3.3 East Penn Manufacturing
13.3.4 EDF Renewable Energy
13.3.5 Fluence Energy
13.3.6 GE Power
13.3.7 Invenergy
13.3.8 LG Chem
13.3.9 Tesla
13.3.10 ABB
13.3.11 Johnson Controls
13.3.12 SolarEdge
13.3.13 EnerVault

14 Key Takeaways