The global EPC for Energy Storage System market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
Engineering, Procurement, and Construction (EPC) services for the design, procurement, and construction of energy storage systems, such as batteries or capacitors.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 109%.
The publisher report includes an overview of the development of the EPC for Energy Storage System industry chain, the market status of Commercial (Short-term Energy Storage Integrators, Long-term Energy Storage Integrators), Residential (Short-term Energy Storage Integrators, Long-term Energy Storage Integrators), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of EPC for Energy Storage System.
Regionally, the report analyzes the EPC for Energy Storage System markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global EPC for Energy Storage System market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the EPC for Energy Storage System market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the EPC for Energy Storage System industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Short-term Energy Storage Integrators, Long-term Energy Storage Integrators).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the EPC for Energy Storage System market.
Regional Analysis: The report involves examining the EPC for Energy Storage System market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the EPC for Energy Storage System market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to EPC for Energy Storage System:
Company Analysis: Report covers individual EPC for Energy Storage System players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards EPC for Energy Storage System This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Commercial, Residential).
Technology Analysis: Report covers specific technologies relevant to EPC for Energy Storage System. It assesses the current state, advancements, and potential future developments in EPC for Energy Storage System areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the EPC for Energy Storage System market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
EPC for Energy Storage System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Short-term Energy Storage Integrators
Long-term Energy Storage Integrators
Market segment by Application
Commercial
Residential
Utility
Others
Market segment by players, this report covers
Mortenson
Swinerton
Quanta/Blattner
McCarthy
Nextera
TRC Companies
Black & Veatch
DEPCOM Power
Primoris Renewable Energy
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe EPC for Energy Storage System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of EPC for Energy Storage System, with revenue, gross margin and global market share of EPC for Energy Storage System from 2019 to 2024.
Chapter 3, the EPC for Energy Storage System competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and EPC for Energy Storage System market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of EPC for Energy Storage System.
Chapter 13, to describe EPC for Energy Storage System research findings and conclusion.
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1 Market Overview
1.1 Product Overview and Scope of EPC for Energy Storage System
1.2 Market Estimation Caveats and Base Year
1.3 Classification of EPC for Energy Storage System by Type
1.3.1 Overview: Global EPC for Energy Storage System Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global EPC for Energy Storage System Consumption Value Market Share by Type in 2023
1.3.3 Short-term Energy Storage Integrators
1.3.4 Long-term Energy Storage Integrators
1.4 Global EPC for Energy Storage System Market by Application
1.4.1 Overview: Global EPC for Energy Storage System Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Commercial
1.4.3 Residential
1.4.4 Utility
1.4.5 Others
1.5 Global EPC for Energy Storage System Market Size & Forecast
1.6 Global EPC for Energy Storage System Market Size and Forecast by Region
1.6.1 Global EPC for Energy Storage System Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global EPC for Energy Storage System Market Size by Region, (2019-2030)
1.6.3 North America EPC for Energy Storage System Market Size and Prospect (2019-2030)
1.6.4 Europe EPC for Energy Storage System Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific EPC for Energy Storage System Market Size and Prospect (2019-2030)
1.6.6 South America EPC for Energy Storage System Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa EPC for Energy Storage System Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Mortenson
2.1.1 Mortenson Details
2.1.2 Mortenson Major Business
2.1.3 Mortenson EPC for Energy Storage System Product and Solutions
2.1.4 Mortenson EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Mortenson Recent Developments and Future Plans
2.2 Swinerton
2.2.1 Swinerton Details
2.2.2 Swinerton Major Business
2.2.3 Swinerton EPC for Energy Storage System Product and Solutions
2.2.4 Swinerton EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Swinerton Recent Developments and Future Plans
2.3 Quanta/Blattner
2.3.1 Quanta/Blattner Details
2.3.2 Quanta/Blattner Major Business
2.3.3 Quanta/Blattner EPC for Energy Storage System Product and Solutions
2.3.4 Quanta/Blattner EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Quanta/Blattner Recent Developments and Future Plans
2.4 McCarthy
2.4.1 McCarthy Details
2.4.2 McCarthy Major Business
2.4.3 McCarthy EPC for Energy Storage System Product and Solutions
2.4.4 McCarthy EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 McCarthy Recent Developments and Future Plans
2.5 Nextera
2.5.1 Nextera Details
2.5.2 Nextera Major Business
2.5.3 Nextera EPC for Energy Storage System Product and Solutions
2.5.4 Nextera EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Nextera Recent Developments and Future Plans
2.6 TRC Companies
2.6.1 TRC Companies Details
2.6.2 TRC Companies Major Business
2.6.3 TRC Companies EPC for Energy Storage System Product and Solutions
2.6.4 TRC Companies EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 TRC Companies Recent Developments and Future Plans
2.7 Black & Veatch
2.7.1 Black & Veatch Details
2.7.2 Black & Veatch Major Business
2.7.3 Black & Veatch EPC for Energy Storage System Product and Solutions
2.7.4 Black & Veatch EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Black & Veatch Recent Developments and Future Plans
2.8 DEPCOM Power
2.8.1 DEPCOM Power Details
2.8.2 DEPCOM Power Major Business
2.8.3 DEPCOM Power EPC for Energy Storage System Product and Solutions
2.8.4 DEPCOM Power EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 DEPCOM Power Recent Developments and Future Plans
2.9 Primoris Renewable Energy
2.9.1 Primoris Renewable Energy Details
2.9.2 Primoris Renewable Energy Major Business
2.9.3 Primoris Renewable Energy EPC for Energy Storage System Product and Solutions
2.9.4 Primoris Renewable Energy EPC for Energy Storage System Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Primoris Renewable Energy Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global EPC for Energy Storage System Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of EPC for Energy Storage System by Company Revenue
3.2.2 Top 3 EPC for Energy Storage System Players Market Share in 2023
3.2.3 Top 6 EPC for Energy Storage System Players Market Share in 2023
3.3 EPC for Energy Storage System Market: Overall Company Footprint Analysis
3.3.1 EPC for Energy Storage System Market: Region Footprint
3.3.2 EPC for Energy Storage System Market: Company Product Type Footprint
3.3.3 EPC for Energy Storage System Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global EPC for Energy Storage System Consumption Value and Market Share by Type (2019-2024)
4.2 Global EPC for Energy Storage System Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global EPC for Energy Storage System Consumption Value Market Share by Application (2019-2024)
5.2 Global EPC for Energy Storage System Market Forecast by Application (2025-2030)
6 North America
6.1 North America EPC for Energy Storage System Consumption Value by Type (2019-2030)
6.2 North America EPC for Energy Storage System Consumption Value by Application (2019-2030)
6.3 North America EPC for Energy Storage System Market Size by Country
6.3.1 North America EPC for Energy Storage System Consumption Value by Country (2019-2030)
6.3.2 United States EPC for Energy Storage System Market Size and Forecast (2019-2030)
6.3.3 Canada EPC for Energy Storage System Market Size and Forecast (2019-2030)
6.3.4 Mexico EPC for Energy Storage System Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe EPC for Energy Storage System Consumption Value by Type (2019-2030)
7.2 Europe EPC for Energy Storage System Consumption Value by Application (2019-2030)
7.3 Europe EPC for Energy Storage System Market Size by Country
7.3.1 Europe EPC for Energy Storage System Consumption Value by Country (2019-2030)
7.3.2 Germany EPC for Energy Storage System Market Size and Forecast (2019-2030)
7.3.3 France EPC for Energy Storage System Market Size and Forecast (2019-2030)
7.3.4 United Kingdom EPC for Energy Storage System Market Size and Forecast (2019-2030)
7.3.5 Russia EPC for Energy Storage System Market Size and Forecast (2019-2030)
7.3.6 Italy EPC for Energy Storage System Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific EPC for Energy Storage System Consumption Value by Type (2019-2030)
8.2 Asia-Pacific EPC for Energy Storage System Consumption Value by Application (2019-2030)
8.3 Asia-Pacific EPC for Energy Storage System Market Size by Region
8.3.1 Asia-Pacific EPC for Energy Storage System Consumption Value by Region (2019-2030)
8.3.2 China EPC for Energy Storage System Market Size and Forecast (2019-2030)
8.3.3 Japan EPC for Energy Storage System Market Size and Forecast (2019-2030)
8.3.4 South Korea EPC for Energy Storage System Market Size and Forecast (2019-2030)
8.3.5 India EPC for Energy Storage System Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia EPC for Energy Storage System Market Size and Forecast (2019-2030)
8.3.7 Australia EPC for Energy Storage System Market Size and Forecast (2019-2030)
9 South America
9.1 South America EPC for Energy Storage System Consumption Value by Type (2019-2030)
9.2 South America EPC for Energy Storage System Consumption Value by Application (2019-2030)
9.3 South America EPC for Energy Storage System Market Size by Country
9.3.1 South America EPC for Energy Storage System Consumption Value by Country (2019-2030)
9.3.2 Brazil EPC for Energy Storage System Market Size and Forecast (2019-2030)
9.3.3 Argentina EPC for Energy Storage System Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa EPC for Energy Storage System Consumption Value by Type (2019-2030)
10.2 Middle East & Africa EPC for Energy Storage System Consumption Value by Application (2019-2030)
10.3 Middle East & Africa EPC for Energy Storage System Market Size by Country
10.3.1 Middle East & Africa EPC for Energy Storage System Consumption Value by Country (2019-2030)
10.3.2 Turkey EPC for Energy Storage System Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia EPC for Energy Storage System Market Size and Forecast (2019-2030)
10.3.4 UAE EPC for Energy Storage System Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 EPC for Energy Storage System Market Drivers
11.2 EPC for Energy Storage System Market Restraints
11.3 EPC for Energy Storage System Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 EPC for Energy Storage System Industry Chain
12.2 EPC for Energy Storage System Upstream Analysis
12.3 EPC for Energy Storage System Midstream Analysis
12.4 EPC for Energy Storage System Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Mortenson
Swinerton
Quanta/Blattner
McCarthy
Nextera
TRC Companies
Black & Veatch
DEPCOM Power
Primoris Renewable Energy
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*If Applicable.