The global Grid Energy Storage Systems market size was valued at US$ million in 2023. With growing demand in downstream market, the Grid Energy Storage Systems is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Grid Energy Storage Systems market. Grid Energy Storage Systems are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Grid Energy Storage Systems. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Grid Energy Storage Systems market.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa鈥檚 statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 57% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
Key Features:
The report on Grid Energy Storage Systems market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Grid Energy Storage Systems market. It may include historical data, market segmentation by Type (e.g., Lithium-ion Battery, Lead-acid Battery), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Grid Energy Storage Systems market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Grid Energy Storage Systems market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Grid Energy Storage Systems industry. This include advancements in Grid Energy Storage Systems technology, Grid Energy Storage Systems new entrants, Grid Energy Storage Systems new investment, and other innovations that are shaping the future of Grid Energy Storage Systems.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Grid Energy Storage Systems market. It includes factors influencing customer ' purchasing decisions, preferences for Grid Energy Storage Systems product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Grid Energy Storage Systems market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Grid Energy Storage Systems market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Grid Energy Storage Systems market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Grid Energy Storage Systems industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Grid Energy Storage Systems market.
Market Segmentation:
Grid Energy Storage Systems 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 volume and value.
Segmentation by type
Lithium-ion Battery
Lead-acid Battery
Others
Segmentation by application
Family Backup Power
Industrial UPS
Unattended Equipment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
EnerSys
SAFT
Sonnen
NEC Energy Solutions
Sumitomo Electric Industries
Fronius
LG Chem
Aquion Energy
Toshiba
Samsung SDI
Mitsubishi Heavy Industries
ZEN Energy
Enphase
CALB
Tianneng Battery
Key Questions Addressed in this Report
What is the 10-year outlook for the global Grid Energy Storage Systems market?
What factors are driving Grid Energy Storage Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Grid Energy Storage Systems market opportunities vary by end market size?
How does Grid Energy Storage Systems break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Grid Energy Storage Systems Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Grid Energy Storage Systems by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Grid Energy Storage Systems by Country/Region, 2019, 2023 & 2030
2.2 Grid Energy Storage Systems Segment by Type
2.2.1 Lithium-ion Battery
2.2.2 Lead-acid Battery
2.2.3 Others
2.3 Grid Energy Storage Systems Sales by Type
2.3.1 Global Grid Energy Storage Systems Sales Market Share by Type (2019-2024)
2.3.2 Global Grid Energy Storage Systems Revenue and Market Share by Type (2019-2024)
2.3.3 Global Grid Energy Storage Systems Sale Price by Type (2019-2024)
2.4 Grid Energy Storage Systems Segment by Application
2.4.1 Family Backup Power
2.4.2 Industrial UPS
2.4.3 Unattended Equipment
2.4.4 Others
2.5 Grid Energy Storage Systems Sales by Application
2.5.1 Global Grid Energy Storage Systems Sale Market Share by Application (2019-2024)
2.5.2 Global Grid Energy Storage Systems Revenue and Market Share by Application (2019-2024)
2.5.3 Global Grid Energy Storage Systems Sale Price by Application (2019-2024)
3 Global Grid Energy Storage Systems by Company
3.1 Global Grid Energy Storage Systems Breakdown Data by Company
3.1.1 Global Grid Energy Storage Systems Annual Sales by Company (2019-2024)
3.1.2 Global Grid Energy Storage Systems Sales Market Share by Company (2019-2024)
3.2 Global Grid Energy Storage Systems Annual Revenue by Company (2019-2024)
3.2.1 Global Grid Energy Storage Systems Revenue by Company (2019-2024)
3.2.2 Global Grid Energy Storage Systems Revenue Market Share by Company (2019-2024)
3.3 Global Grid Energy Storage Systems Sale Price by Company
3.4 Key Manufacturers Grid Energy Storage Systems Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Grid Energy Storage Systems Product Location Distribution
3.4.2 Players Grid Energy Storage Systems Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Grid Energy Storage Systems by Geographic Region
4.1 World Historic Grid Energy Storage Systems Market Size by Geographic Region (2019-2024)
4.1.1 Global Grid Energy Storage Systems Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Grid Energy Storage Systems Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Grid Energy Storage Systems Market Size by Country/Region (2019-2024)
4.2.1 Global Grid Energy Storage Systems Annual Sales by Country/Region (2019-2024)
4.2.2 Global Grid Energy Storage Systems Annual Revenue by Country/Region (2019-2024)
4.3 Americas Grid Energy Storage Systems Sales Growth
4.4 APAC Grid Energy Storage Systems Sales Growth
4.5 Europe Grid Energy Storage Systems Sales Growth
4.6 Middle East & Africa Grid Energy Storage Systems Sales Growth
5 Americas
5.1 Americas Grid Energy Storage Systems Sales by Country
5.1.1 Americas Grid Energy Storage Systems Sales by Country (2019-2024)
5.1.2 Americas Grid Energy Storage Systems Revenue by Country (2019-2024)
5.2 Americas Grid Energy Storage Systems Sales by Type
5.3 Americas Grid Energy Storage Systems Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Grid Energy Storage Systems Sales by Region
6.1.1 APAC Grid Energy Storage Systems Sales by Region (2019-2024)
6.1.2 APAC Grid Energy Storage Systems Revenue by Region (2019-2024)
6.2 APAC Grid Energy Storage Systems Sales by Type
6.3 APAC Grid Energy Storage Systems Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Grid Energy Storage Systems by Country
7.1.1 Europe Grid Energy Storage Systems Sales by Country (2019-2024)
7.1.2 Europe Grid Energy Storage Systems Revenue by Country (2019-2024)
7.2 Europe Grid Energy Storage Systems Sales by Type
7.3 Europe Grid Energy Storage Systems Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Grid Energy Storage Systems by Country
8.1.1 Middle East & Africa Grid Energy Storage Systems Sales by Country (2019-2024)
8.1.2 Middle East & Africa Grid Energy Storage Systems Revenue by Country (2019-2024)
8.2 Middle East & Africa Grid Energy Storage Systems Sales by Type
8.3 Middle East & Africa Grid Energy Storage Systems Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Grid Energy Storage Systems
10.3 Manufacturing Process Analysis of Grid Energy Storage Systems
10.4 Industry Chain Structure of Grid Energy Storage Systems
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Grid Energy Storage Systems Distributors
11.3 Grid Energy Storage Systems Customer
12 World Forecast Review for Grid Energy Storage Systems by Geographic Region
12.1 Global Grid Energy Storage Systems Market Size Forecast by Region
12.1.1 Global Grid Energy Storage Systems Forecast by Region (2025-2030)
12.1.2 Global Grid Energy Storage Systems Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Grid Energy Storage Systems Forecast by Type
12.7 Global Grid Energy Storage Systems Forecast by Application
13 Key Players Analysis
13.1 EnerSys
13.1.1 EnerSys Company Information
13.1.2 EnerSys Grid Energy Storage Systems Product Portfolios and Specifications
13.1.3 EnerSys Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 EnerSys Main Business Overview
13.1.5 EnerSys Latest Developments
13.2 SAFT
13.2.1 SAFT Company Information
13.2.2 SAFT Grid Energy Storage Systems Product Portfolios and Specifications
13.2.3 SAFT Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 SAFT Main Business Overview
13.2.5 SAFT Latest Developments
13.3 Sonnen
13.3.1 Sonnen Company Information
13.3.2 Sonnen Grid Energy Storage Systems Product Portfolios and Specifications
13.3.3 Sonnen Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Sonnen Main Business Overview
13.3.5 Sonnen Latest Developments
13.4 NEC Energy Solutions
13.4.1 NEC Energy Solutions Company Information
13.4.2 NEC Energy Solutions Grid Energy Storage Systems Product Portfolios and Specifications
13.4.3 NEC Energy Solutions Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 NEC Energy Solutions Main Business Overview
13.4.5 NEC Energy Solutions Latest Developments
13.5 Sumitomo Electric Industries
13.5.1 Sumitomo Electric Industries Company Information
13.5.2 Sumitomo Electric Industries Grid Energy Storage Systems Product Portfolios and Specifications
13.5.3 Sumitomo Electric Industries Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sumitomo Electric Industries Main Business Overview
13.5.5 Sumitomo Electric Industries Latest Developments
13.6 Fronius
13.6.1 Fronius Company Information
13.6.2 Fronius Grid Energy Storage Systems Product Portfolios and Specifications
13.6.3 Fronius Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Fronius Main Business Overview
13.6.5 Fronius Latest Developments
13.7 LG Chem
13.7.1 LG Chem Company Information
13.7.2 LG Chem Grid Energy Storage Systems Product Portfolios and Specifications
13.7.3 LG Chem Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 LG Chem Main Business Overview
13.7.5 LG Chem Latest Developments
13.8 Aquion Energy
13.8.1 Aquion Energy Company Information
13.8.2 Aquion Energy Grid Energy Storage Systems Product Portfolios and Specifications
13.8.3 Aquion Energy Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Aquion Energy Main Business Overview
13.8.5 Aquion Energy Latest Developments
13.9 Toshiba
13.9.1 Toshiba Company Information
13.9.2 Toshiba Grid Energy Storage Systems Product Portfolios and Specifications
13.9.3 Toshiba Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Toshiba Main Business Overview
13.9.5 Toshiba Latest Developments
13.10 Samsung SDI
13.10.1 Samsung SDI Company Information
13.10.2 Samsung SDI Grid Energy Storage Systems Product Portfolios and Specifications
13.10.3 Samsung SDI Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Samsung SDI Main Business Overview
13.10.5 Samsung SDI Latest Developments
13.11 Mitsubishi Heavy Industries
13.11.1 Mitsubishi Heavy Industries Company Information
13.11.2 Mitsubishi Heavy Industries Grid Energy Storage Systems Product Portfolios and Specifications
13.11.3 Mitsubishi Heavy Industries Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Mitsubishi Heavy Industries Main Business Overview
13.11.5 Mitsubishi Heavy Industries Latest Developments
13.12 ZEN Energy
13.12.1 ZEN Energy Company Information
13.12.2 ZEN Energy Grid Energy Storage Systems Product Portfolios and Specifications
13.12.3 ZEN Energy Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 ZEN Energy Main Business Overview
13.12.5 ZEN Energy Latest Developments
13.13 Enphase
13.13.1 Enphase Company Information
13.13.2 Enphase Grid Energy Storage Systems Product Portfolios and Specifications
13.13.3 Enphase Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Enphase Main Business Overview
13.13.5 Enphase Latest Developments
13.14 CALB
13.14.1 CALB Company Information
13.14.2 CALB Grid Energy Storage Systems Product Portfolios and Specifications
13.14.3 CALB Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 CALB Main Business Overview
13.14.5 CALB Latest Developments
13.15 Tianneng Battery
13.15.1 Tianneng Battery Company Information
13.15.2 Tianneng Battery Grid Energy Storage Systems Product Portfolios and Specifications
13.15.3 Tianneng Battery Grid Energy Storage Systems Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Tianneng Battery Main Business Overview
13.15.5 Tianneng Battery Latest Developments
14 Research Findings and Conclusion
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*If Applicable.