

The global market for Gravity Energy Storage Systems was valued at US$ 1215 million in the year 2024 and is projected to reach a revised size of US$ 2575 million by 2031, growing at a CAGR of 10.2% during the forecast period.
Gravity Energy Storage Systems (GESS) are an emerging form of mechanical energy storage that store and release energy by raising and lowering a heavy mass using gravity. When excess electricity is available (e.g., from renewable sources), the system uses it to lift a massive weight vertically or along an incline. When power is needed, the weight is lowered, driving a generator to produce electricity — much like pumped hydro, but without the need for water or elevation.
GESS offer key benefits such as long cycle life, rapid response times, low environmental impact, and the ability to be deployed in flat or urban areas where other large-scale storage options may not be feasible. They are particularly suited for grid balancing, renewable integration, and energy arbitrage.
With the increasing dependence on renewable energy such as wind and solar energy, solving the uncertainty and indirectness of its production has become a key issue that cannot be ignored. In order to be able to achieve uninterrupted power supply, Energy Vault first developed a gravity energy storage system, which has better performance and lower costs than pumped water storage and lithium battery storage.
Gravity energy storage systems are very suitable for large-scale energy storage such as public utilities, especially suitable for more remote areas. According to statistics, 45% of the world's land can be built with this kind of energy storage system. And because of the use of building materials such as concrete as raw materials, it has the conditions for sustainable development and has a longer energy storage life than chemical batteries.
The gravity energy storage system is in the introduction phase in the market, and this stage is also very challenging for enterprises. A large amount of capital investment is required during the research and development period, and because the actual product has not yet been put into use, even if the product has been modeled and simulated for many times, it still has a certain degree of uncertainty.
This report aims to provide a comprehensive presentation of the global market for Gravity 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 Gravity Energy Storage Systems.
The Gravity Energy Storage Systems market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Gravity 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 Gravity Energy Storage Systems companies, new entrants, and industry chain related companies in this market with information on the revenues 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
Energy Vault
Gravitricity
Advanced Rail Energy Storage
Gravity Power
China Tianying
Segment by Type
Below 100 MWh
Above 100 MWh
Segment by Application
Utilities
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Gravity Energy Storage Systems company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Gravity Energy Storage Systems Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Below 100 MWh
1.2.3 Above 100 MWh
1.3 Market by Application
1.3.1 Global Gravity Energy Storage Systems Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Utilities
1.3.3 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Gravity Energy Storage Systems Market Perspective (2020-2031)
2.2 Global Gravity Energy Storage Systems Growth Trends by Region
2.2.1 Global Gravity Energy Storage Systems Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Gravity Energy Storage Systems Historic Market Size by Region (2020-2025)
2.2.3 Gravity Energy Storage Systems Forecasted Market Size by Region (2026-2031)
2.3 Gravity Energy Storage Systems Market Dynamics
2.3.1 Gravity Energy Storage Systems Industry Trends
2.3.2 Gravity Energy Storage Systems Market Drivers
2.3.3 Gravity Energy Storage Systems Market Challenges
2.3.4 Gravity Energy Storage Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Gravity Energy Storage Systems Players by Revenue
3.1.1 Global Top Gravity Energy Storage Systems Players by Revenue (2020-2025)
3.1.2 Global Gravity Energy Storage Systems Revenue Market Share by Players (2020-2025)
3.2 Global Top Gravity Energy Storage Systems Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Gravity Energy Storage Systems Revenue
3.4 Global Gravity Energy Storage Systems Market Concentration Ratio
3.4.1 Global Gravity Energy Storage Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Gravity Energy Storage Systems Revenue in 2024
3.5 Global Key Players of Gravity Energy Storage Systems Head office and Area Served
3.6 Global Key Players of Gravity Energy Storage Systems, Product and Application
3.7 Global Key Players of Gravity Energy Storage Systems, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Gravity Energy Storage Systems Breakdown Data by Type
4.1 Global Gravity Energy Storage Systems Historic Market Size by Type (2020-2025)
4.2 Global Gravity Energy Storage Systems Forecasted Market Size by Type (2026-2031)
5 Gravity Energy Storage Systems Breakdown Data by Application
5.1 Global Gravity Energy Storage Systems Historic Market Size by Application (2020-2025)
5.2 Global Gravity Energy Storage Systems Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Gravity Energy Storage Systems Market Size (2020-2031)
6.2 North America Gravity Energy Storage Systems Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Gravity Energy Storage Systems Market Size by Country (2020-2025)
6.4 North America Gravity Energy Storage Systems Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Gravity Energy Storage Systems Market Size (2020-2031)
7.2 Europe Gravity Energy Storage Systems Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Gravity Energy Storage Systems Market Size by Country (2020-2025)
7.4 Europe Gravity Energy Storage Systems Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Gravity Energy Storage Systems Market Size (2020-2031)
8.2 Asia-Pacific Gravity Energy Storage Systems Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Gravity Energy Storage Systems Market Size by Region (2020-2025)
8.4 Asia-Pacific Gravity Energy Storage Systems Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Gravity Energy Storage Systems Market Size (2020-2031)
9.2 Latin America Gravity Energy Storage Systems Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Gravity Energy Storage Systems Market Size by Country (2020-2025)
9.4 Latin America Gravity Energy Storage Systems Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Gravity Energy Storage Systems Market Size (2020-2031)
10.2 Middle East & Africa Gravity Energy Storage Systems Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Gravity Energy Storage Systems Market Size by Country (2020-2025)
10.4 Middle East & Africa Gravity Energy Storage Systems Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Energy Vault
11.1.1 Energy Vault Company Details
11.1.2 Energy Vault Business Overview
11.1.3 Energy Vault Gravity Energy Storage Systems Introduction
11.1.4 Energy Vault Revenue in Gravity Energy Storage Systems Business (2020-2025)
11.1.5 Energy Vault Recent Development
11.2 Gravitricity
11.2.1 Gravitricity Company Details
11.2.2 Gravitricity Business Overview
11.2.3 Gravitricity Gravity Energy Storage Systems Introduction
11.2.4 Gravitricity Revenue in Gravity Energy Storage Systems Business (2020-2025)
11.2.5 Gravitricity Recent Development
11.3 Advanced Rail Energy Storage
11.3.1 Advanced Rail Energy Storage Company Details
11.3.2 Advanced Rail Energy Storage Business Overview
11.3.3 Advanced Rail Energy Storage Gravity Energy Storage Systems Introduction
11.3.4 Advanced Rail Energy Storage Revenue in Gravity Energy Storage Systems Business (2020-2025)
11.3.5 Advanced Rail Energy Storage Recent Development
11.4 Gravity Power
11.4.1 Gravity Power Company Details
11.4.2 Gravity Power Business Overview
11.4.3 Gravity Power Gravity Energy Storage Systems Introduction
11.4.4 Gravity Power Revenue in Gravity Energy Storage Systems Business (2020-2025)
11.4.5 Gravity Power Recent Development
11.5 China Tianying
11.5.1 China Tianying Company Details
11.5.2 China Tianying Business Overview
11.5.3 China Tianying Gravity Energy Storage Systems Introduction
11.5.4 China Tianying Revenue in Gravity Energy Storage Systems Business (2020-2025)
11.5.5 China Tianying Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Energy Vault
Gravitricity
Advanced Rail Energy Storage
Gravity Power
China Tianying
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*If Applicable.