The global Advanced Energy Storage Systems market was valued at US$ 12450 million in 2023 and is anticipated to reach US$ 17750 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.
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 130%.
This report aims to provide a comprehensive presentation of the global market for Advanced Energy Storage Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Advanced Energy Storage Systems.
Report Scope
The Advanced Energy Storage Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Advanced Energy Storage Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Advanced Energy Storage Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
LG Chem
ABB
Nippon
Toshiba
BYD Company
NGK Insulators
Toshiba Corporation
Exide Technologies
GS Yuasa Corporation
Samsung SDI
Enersys
A123 Systems
Maxwell Technologies
China BAK Batteries
Hitachi
Beacon Power
General Electric Company
Nippon Chemi-Con Corporation
Calmac Manufacturing
PATHION
Pacific Energy
AES Energy Storage
Segment by Type
Electro Chemical Technology
Mechanical Technology
Thermal Storage Technology
Segment by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Advanced Energy Storage Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Advanced Energy Storage Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Advanced Energy Storage Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Advanced Energy Storage Systems Market Overview
1.1 Product Definition
1.2 Advanced Energy Storage Systems Segment by Type
1.2.1 Global Advanced Energy Storage Systems Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Electro Chemical Technology
1.2.3 Mechanical Technology
1.2.4 Thermal Storage Technology
1.3 Advanced Energy Storage Systems Segment by Application
1.3.1 Global Advanced Energy Storage Systems Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Global Market Growth Prospects
1.4.1 Global Advanced Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Advanced Energy Storage Systems Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Advanced Energy Storage Systems Production Estimates and Forecasts (2019-2030)
1.4.4 Global Advanced Energy Storage Systems Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Advanced Energy Storage Systems Production Market Share by Manufacturers (2019-2024)
2.2 Global Advanced Energy Storage Systems Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Advanced Energy Storage Systems, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Advanced Energy Storage Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Advanced Energy Storage Systems Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Advanced Energy Storage Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Advanced Energy Storage Systems, Product Offered and Application
2.8 Global Key Manufacturers of Advanced Energy Storage Systems, Date of Enter into This Industry
2.9 Advanced Energy Storage Systems Market Competitive Situation and Trends
2.9.1 Advanced Energy Storage Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest Advanced Energy Storage Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Advanced Energy Storage Systems Production by Region
3.1 Global Advanced Energy Storage Systems Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Advanced Energy Storage Systems Production Value by Region (2019-2030)
3.2.1 Global Advanced Energy Storage Systems Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Advanced Energy Storage Systems by Region (2025-2030)
3.3 Global Advanced Energy Storage Systems Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Advanced Energy Storage Systems Production by Region (2019-2030)
3.4.1 Global Advanced Energy Storage Systems Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Advanced Energy Storage Systems by Region (2025-2030)
3.5 Global Advanced Energy Storage Systems Market Price Analysis by Region (2019-2024)
3.6 Global Advanced Energy Storage Systems Production and Value, Year-over-Year Growth
3.6.1 North America Advanced Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Advanced Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Advanced Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Advanced Energy Storage Systems Production Value Estimates and Forecasts (2019-2030)
4 Advanced Energy Storage Systems Consumption by Region
4.1 Global Advanced Energy Storage Systems Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Advanced Energy Storage Systems Consumption by Region (2019-2030)
4.2.1 Global Advanced Energy Storage Systems Consumption by Region (2019-2024)
4.2.2 Global Advanced Energy Storage Systems Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Advanced Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Advanced Energy Storage Systems Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Advanced Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Advanced Energy Storage Systems Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Advanced Energy Storage Systems Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Advanced Energy Storage Systems Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Advanced Energy Storage Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Advanced Energy Storage Systems Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Advanced Energy Storage Systems Production by Type (2019-2030)
5.1.1 Global Advanced Energy Storage Systems Production by Type (2019-2024)
5.1.2 Global Advanced Energy Storage Systems Production by Type (2025-2030)
5.1.3 Global Advanced Energy Storage Systems Production Market Share by Type (2019-2030)
5.2 Global Advanced Energy Storage Systems Production Value by Type (2019-2030)
5.2.1 Global Advanced Energy Storage Systems Production Value by Type (2019-2024)
5.2.2 Global Advanced Energy Storage Systems Production Value by Type (2025-2030)
5.2.3 Global Advanced Energy Storage Systems Production Value Market Share by Type (2019-2030)
5.3 Global Advanced Energy Storage Systems Price by Type (2019-2030)
6 Segment by Application
6.1 Global Advanced Energy Storage Systems Production by Application (2019-2030)
6.1.1 Global Advanced Energy Storage Systems Production by Application (2019-2024)
6.1.2 Global Advanced Energy Storage Systems Production by Application (2025-2030)
6.1.3 Global Advanced Energy Storage Systems Production Market Share by Application (2019-2030)
6.2 Global Advanced Energy Storage Systems Production Value by Application (2019-2030)
6.2.1 Global Advanced Energy Storage Systems Production Value by Application (2019-2024)
6.2.2 Global Advanced Energy Storage Systems Production Value by Application (2025-2030)
6.2.3 Global Advanced Energy Storage Systems Production Value Market Share by Application (2019-2030)
6.3 Global Advanced Energy Storage Systems Price by Application (2019-2030)
7 Key Companies Profiled
7.1 LG Chem
7.1.1 LG Chem Advanced Energy Storage Systems Corporation Information
7.1.2 LG Chem Advanced Energy Storage Systems Product Portfolio
7.1.3 LG Chem Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.1.4 LG Chem Main Business and Markets Served
7.1.5 LG Chem Recent Developments/Updates
7.2 ABB
7.2.1 ABB Advanced Energy Storage Systems Corporation Information
7.2.2 ABB Advanced Energy Storage Systems Product Portfolio
7.2.3 ABB Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ABB Main Business and Markets Served
7.2.5 ABB Recent Developments/Updates
7.3 Nippon
7.3.1 Nippon Advanced Energy Storage Systems Corporation Information
7.3.2 Nippon Advanced Energy Storage Systems Product Portfolio
7.3.3 Nippon Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nippon Main Business and Markets Served
7.3.5 Nippon Recent Developments/Updates
7.4 Toshiba
7.4.1 Toshiba Advanced Energy Storage Systems Corporation Information
7.4.2 Toshiba Advanced Energy Storage Systems Product Portfolio
7.4.3 Toshiba Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Toshiba Main Business and Markets Served
7.4.5 Toshiba Recent Developments/Updates
7.5 BYD Company
7.5.1 BYD Company Advanced Energy Storage Systems Corporation Information
7.5.2 BYD Company Advanced Energy Storage Systems Product Portfolio
7.5.3 BYD Company Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.5.4 BYD Company Main Business and Markets Served
7.5.5 BYD Company Recent Developments/Updates
7.6 NGK Insulators
7.6.1 NGK Insulators Advanced Energy Storage Systems Corporation Information
7.6.2 NGK Insulators Advanced Energy Storage Systems Product Portfolio
7.6.3 NGK Insulators Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.6.4 NGK Insulators Main Business and Markets Served
7.6.5 NGK Insulators Recent Developments/Updates
7.7 Toshiba Corporation
7.7.1 Toshiba Corporation Advanced Energy Storage Systems Corporation Information
7.7.2 Toshiba Corporation Advanced Energy Storage Systems Product Portfolio
7.7.3 Toshiba Corporation Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Toshiba Corporation Main Business and Markets Served
7.7.5 Toshiba Corporation Recent Developments/Updates
7.8 Exide Technologies
7.8.1 Exide Technologies Advanced Energy Storage Systems Corporation Information
7.8.2 Exide Technologies Advanced Energy Storage Systems Product Portfolio
7.8.3 Exide Technologies Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Exide Technologies Main Business and Markets Served
7.7.5 Exide Technologies Recent Developments/Updates
7.9 GS Yuasa Corporation
7.9.1 GS Yuasa Corporation Advanced Energy Storage Systems Corporation Information
7.9.2 GS Yuasa Corporation Advanced Energy Storage Systems Product Portfolio
7.9.3 GS Yuasa Corporation Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.9.4 GS Yuasa Corporation Main Business and Markets Served
7.9.5 GS Yuasa Corporation Recent Developments/Updates
7.10 Samsung SDI
7.10.1 Samsung SDI Advanced Energy Storage Systems Corporation Information
7.10.2 Samsung SDI Advanced Energy Storage Systems Product Portfolio
7.10.3 Samsung SDI Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Samsung SDI Main Business and Markets Served
7.10.5 Samsung SDI Recent Developments/Updates
7.11 Enersys
7.11.1 Enersys Advanced Energy Storage Systems Corporation Information
7.11.2 Enersys Advanced Energy Storage Systems Product Portfolio
7.11.3 Enersys Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Enersys Main Business and Markets Served
7.11.5 Enersys Recent Developments/Updates
7.12 A123 Systems
7.12.1 A123 Systems Advanced Energy Storage Systems Corporation Information
7.12.2 A123 Systems Advanced Energy Storage Systems Product Portfolio
7.12.3 A123 Systems Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.12.4 A123 Systems Main Business and Markets Served
7.12.5 A123 Systems Recent Developments/Updates
7.13 Maxwell Technologies
7.13.1 Maxwell Technologies Advanced Energy Storage Systems Corporation Information
7.13.2 Maxwell Technologies Advanced Energy Storage Systems Product Portfolio
7.13.3 Maxwell Technologies Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Maxwell Technologies Main Business and Markets Served
7.13.5 Maxwell Technologies Recent Developments/Updates
7.14 China BAK Batteries
7.14.1 China BAK Batteries Advanced Energy Storage Systems Corporation Information
7.14.2 China BAK Batteries Advanced Energy Storage Systems Product Portfolio
7.14.3 China BAK Batteries Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.14.4 China BAK Batteries Main Business and Markets Served
7.14.5 China BAK Batteries Recent Developments/Updates
7.15 Hitachi
7.15.1 Hitachi Advanced Energy Storage Systems Corporation Information
7.15.2 Hitachi Advanced Energy Storage Systems Product Portfolio
7.15.3 Hitachi Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Hitachi Main Business and Markets Served
7.15.5 Hitachi Recent Developments/Updates
7.16 Beacon Power
7.16.1 Beacon Power Advanced Energy Storage Systems Corporation Information
7.16.2 Beacon Power Advanced Energy Storage Systems Product Portfolio
7.16.3 Beacon Power Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Beacon Power Main Business and Markets Served
7.16.5 Beacon Power Recent Developments/Updates
7.17 General Electric Company
7.17.1 General Electric Company Advanced Energy Storage Systems Corporation Information
7.17.2 General Electric Company Advanced Energy Storage Systems Product Portfolio
7.17.3 General Electric Company Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.17.4 General Electric Company Main Business and Markets Served
7.17.5 General Electric Company Recent Developments/Updates
7.18 Nippon Chemi-Con Corporation
7.18.1 Nippon Chemi-Con Corporation Advanced Energy Storage Systems Corporation Information
7.18.2 Nippon Chemi-Con Corporation Advanced Energy Storage Systems Product Portfolio
7.18.3 Nippon Chemi-Con Corporation Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Nippon Chemi-Con Corporation Main Business and Markets Served
7.18.5 Nippon Chemi-Con Corporation Recent Developments/Updates
7.19 Calmac Manufacturing
7.19.1 Calmac Manufacturing Advanced Energy Storage Systems Corporation Information
7.19.2 Calmac Manufacturing Advanced Energy Storage Systems Product Portfolio
7.19.3 Calmac Manufacturing Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Calmac Manufacturing Main Business and Markets Served
7.19.5 Calmac Manufacturing Recent Developments/Updates
7.20 PATHION
7.20.1 PATHION Advanced Energy Storage Systems Corporation Information
7.20.2 PATHION Advanced Energy Storage Systems Product Portfolio
7.20.3 PATHION Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.20.4 PATHION Main Business and Markets Served
7.20.5 PATHION Recent Developments/Updates
7.21 Pacific Energy
7.21.1 Pacific Energy Advanced Energy Storage Systems Corporation Information
7.21.2 Pacific Energy Advanced Energy Storage Systems Product Portfolio
7.21.3 Pacific Energy Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.21.4 Pacific Energy Main Business and Markets Served
7.21.5 Pacific Energy Recent Developments/Updates
7.22 AES Energy Storage
7.22.1 AES Energy Storage Advanced Energy Storage Systems Corporation Information
7.22.2 AES Energy Storage Advanced Energy Storage Systems Product Portfolio
7.22.3 AES Energy Storage Advanced Energy Storage Systems Production, Value, Price and Gross Margin (2019-2024)
7.22.4 AES Energy Storage Main Business and Markets Served
7.22.5 AES Energy Storage Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Advanced Energy Storage Systems Industry Chain Analysis
8.2 Advanced Energy Storage Systems Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Advanced Energy Storage Systems Production Mode & Process
8.4 Advanced Energy Storage Systems Sales and Marketing
8.4.1 Advanced Energy Storage Systems Sales Channels
8.4.2 Advanced Energy Storage Systems Distributors
8.5 Advanced Energy Storage Systems Customers
9 Advanced Energy Storage Systems Market Dynamics
9.1 Advanced Energy Storage Systems Industry Trends
9.2 Advanced Energy Storage Systems Market Drivers
9.3 Advanced Energy Storage Systems Market Challenges
9.4 Advanced Energy Storage Systems Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
LG Chem
ABB
Nippon
Toshiba
BYD Company
NGK Insulators
Toshiba Corporation
Exide Technologies
GS Yuasa Corporation
Samsung SDI
Enersys
A123 Systems
Maxwell Technologies
China BAK Batteries
Hitachi
Beacon Power
General Electric Company
Nippon Chemi-Con Corporation
Calmac Manufacturing
PATHION
Pacific Energy
AES Energy Storage
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*If Applicable.