The global market for Grid Battery Storage Systems was valued at US$ 2750 million in the year 2024 and is projected to reach a revised size of US$ 4006 million by 2031, growing at a CAGR of 5.6% during the forecast period.
The energy storage system can realize energy transfer and promote the application of new energy; it can establish a micro grid to provide electricity for areas without electricity; it can adjust peak frequency and frequency to improve the operation stability of the power system. Energy storage system has great strategic significance for the construction of smart grid.
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 125%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid Battery 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 Grid Battery Storage Systems.
The Grid Battery Storage Systems market size, estimations, and forecasts are provided in terms of output/shipments (K Units) 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 Grid Battery 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 Grid Battery 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
Samsung SDI
LG Chem
Fluence
Hitachi
Kokam
LS Energy Solutions
SMA Solar Technology
NGK Insulators
GE
Primus Power
Panasonic
BYD Energy
Aggreko
ABB
Saft
Eos Energy Storage
Exergonix
Con Edison Solutions
East Penn Manufacturing
Enerdel
by Type
Lithium-Ion Batteries
Sodium鈥揝ulfur Batteries
Lead-Acid Batteries
Others
by Application
Residential
Utility & Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
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 Grid Battery 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 Grid Battery 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 Grid Battery 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 Grid Battery Storage Systems Market Overview
1.1 Product Definition
1.2 Grid Battery Storage Systems by Type
1.2.1 Global Grid Battery Storage Systems Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Lithium-Ion Batteries
1.2.3 Sodium鈥揝ulfur Batteries
1.2.4 Lead-Acid Batteries
1.2.5 Others
1.3 Grid Battery Storage Systems by Application
1.3.1 Global Grid Battery Storage Systems Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Residential
1.3.3 Utility & Commercial
1.4 Global Market Growth Prospects
1.4.1 Global Grid Battery Storage Systems Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Grid Battery Storage Systems Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Grid Battery Storage Systems Production Estimates and Forecasts (2020-2031)
1.4.4 Global Grid Battery Storage Systems Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid Battery Storage Systems Production Market Share by Manufacturers (2020-2025)
2.2 Global Grid Battery Storage Systems Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Grid Battery Storage Systems, Industry Ranking, 2023 VS 2024
2.4 Global Grid Battery Storage Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Grid Battery Storage Systems Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Grid Battery Storage Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Battery Storage Systems, Product Offered and Application
2.8 Global Key Manufacturers of Grid Battery Storage Systems, Date of Enter into This Industry
2.9 Grid Battery Storage Systems Market Competitive Situation and Trends
2.9.1 Grid Battery Storage Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Battery Storage Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Battery Storage Systems Production by Region
3.1 Global Grid Battery Storage Systems Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Grid Battery Storage Systems Production Value by Region (2020-2031)
3.2.1 Global Grid Battery Storage Systems Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Grid Battery Storage Systems by Region (2026-2031)
3.3 Global Grid Battery Storage Systems Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Grid Battery Storage Systems Production Volume by Region (2020-2031)
3.4.1 Global Grid Battery Storage Systems Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Grid Battery Storage Systems by Region (2026-2031)
3.5 Global Grid Battery Storage Systems Market Price Analysis by Region (2020-2025)
3.6 Global Grid Battery Storage Systems Production and Value, Year-over-Year Growth
3.6.1 North America Grid Battery Storage Systems Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Grid Battery Storage Systems Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Grid Battery Storage Systems Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Grid Battery Storage Systems Production Value Estimates and Forecasts (2020-2031)
4 Grid Battery Storage Systems Consumption by Region
4.1 Global Grid Battery Storage Systems Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Grid Battery Storage Systems Consumption by Region (2020-2031)
4.2.1 Global Grid Battery Storage Systems Consumption by Region (2020-2025)
4.2.2 Global Grid Battery Storage Systems Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Grid Battery Storage Systems Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Grid Battery Storage Systems Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Battery Storage Systems Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Grid Battery Storage Systems Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Battery Storage Systems Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Grid Battery Storage Systems Consumption by Region (2020-2031)
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 Grid Battery Storage Systems Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Grid Battery Storage Systems Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Grid Battery Storage Systems Production by Type (2020-2031)
5.1.1 Global Grid Battery Storage Systems Production by Type (2020-2025)
5.1.2 Global Grid Battery Storage Systems Production by Type (2026-2031)
5.1.3 Global Grid Battery Storage Systems Production Market Share by Type (2020-2031)
5.2 Global Grid Battery Storage Systems Production Value by Type (2020-2031)
5.2.1 Global Grid Battery Storage Systems Production Value by Type (2020-2025)
5.2.2 Global Grid Battery Storage Systems Production Value by Type (2026-2031)
5.2.3 Global Grid Battery Storage Systems Production Value Market Share by Type (2020-2031)
5.3 Global Grid Battery Storage Systems Price by Type (2020-2031)
6 Segment by Application
6.1 Global Grid Battery Storage Systems Production by Application (2020-2031)
6.1.1 Global Grid Battery Storage Systems Production by Application (2020-2025)
6.1.2 Global Grid Battery Storage Systems Production by Application (2026-2031)
6.1.3 Global Grid Battery Storage Systems Production Market Share by Application (2020-2031)
6.2 Global Grid Battery Storage Systems Production Value by Application (2020-2031)
6.2.1 Global Grid Battery Storage Systems Production Value by Application (2020-2025)
6.2.2 Global Grid Battery Storage Systems Production Value by Application (2026-2031)
6.2.3 Global Grid Battery Storage Systems Production Value Market Share by Application (2020-2031)
6.3 Global Grid Battery Storage Systems Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Samsung SDI
7.1.1 Samsung SDI Grid Battery Storage Systems Company Information
7.1.2 Samsung SDI Grid Battery Storage Systems Product Portfolio
7.1.3 Samsung SDI Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Samsung SDI Main Business and Markets Served
7.1.5 Samsung SDI Recent Developments/Updates
7.2 LG Chem
7.2.1 LG Chem Grid Battery Storage Systems Company Information
7.2.2 LG Chem Grid Battery Storage Systems Product Portfolio
7.2.3 LG Chem Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.2.4 LG Chem Main Business and Markets Served
7.2.5 LG Chem Recent Developments/Updates
7.3 Fluence
7.3.1 Fluence Grid Battery Storage Systems Company Information
7.3.2 Fluence Grid Battery Storage Systems Product Portfolio
7.3.3 Fluence Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Fluence Main Business and Markets Served
7.3.5 Fluence Recent Developments/Updates
7.4 Hitachi
7.4.1 Hitachi Grid Battery Storage Systems Company Information
7.4.2 Hitachi Grid Battery Storage Systems Product Portfolio
7.4.3 Hitachi Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Hitachi Main Business and Markets Served
7.4.5 Hitachi Recent Developments/Updates
7.5 Kokam
7.5.1 Kokam Grid Battery Storage Systems Company Information
7.5.2 Kokam Grid Battery Storage Systems Product Portfolio
7.5.3 Kokam Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Kokam Main Business and Markets Served
7.5.5 Kokam Recent Developments/Updates
7.6 LS Energy Solutions
7.6.1 LS Energy Solutions Grid Battery Storage Systems Company Information
7.6.2 LS Energy Solutions Grid Battery Storage Systems Product Portfolio
7.6.3 LS Energy Solutions Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.6.4 LS Energy Solutions Main Business and Markets Served
7.6.5 LS Energy Solutions Recent Developments/Updates
7.7 SMA Solar Technology
7.7.1 SMA Solar Technology Grid Battery Storage Systems Company Information
7.7.2 SMA Solar Technology Grid Battery Storage Systems Product Portfolio
7.7.3 SMA Solar Technology Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.7.4 SMA Solar Technology Main Business and Markets Served
7.7.5 SMA Solar Technology Recent Developments/Updates
7.8 NGK Insulators
7.8.1 NGK Insulators Grid Battery Storage Systems Company Information
7.8.2 NGK Insulators Grid Battery Storage Systems Product Portfolio
7.8.3 NGK Insulators Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.8.4 NGK Insulators Main Business and Markets Served
7.8.5 NGK Insulators Recent Developments/Updates
7.9 GE
7.9.1 GE Grid Battery Storage Systems Company Information
7.9.2 GE Grid Battery Storage Systems Product Portfolio
7.9.3 GE Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.9.4 GE Main Business and Markets Served
7.9.5 GE Recent Developments/Updates
7.10 Primus Power
7.10.1 Primus Power Grid Battery Storage Systems Company Information
7.10.2 Primus Power Grid Battery Storage Systems Product Portfolio
7.10.3 Primus Power Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Primus Power Main Business and Markets Served
7.10.5 Primus Power Recent Developments/Updates
7.11 Panasonic
7.11.1 Panasonic Grid Battery Storage Systems Company Information
7.11.2 Panasonic Grid Battery Storage Systems Product Portfolio
7.11.3 Panasonic Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Panasonic Main Business and Markets Served
7.11.5 Panasonic Recent Developments/Updates
7.12 BYD Energy
7.12.1 BYD Energy Grid Battery Storage Systems Company Information
7.12.2 BYD Energy Grid Battery Storage Systems Product Portfolio
7.12.3 BYD Energy Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.12.4 BYD Energy Main Business and Markets Served
7.12.5 BYD Energy Recent Developments/Updates
7.13 Aggreko
7.13.1 Aggreko Grid Battery Storage Systems Company Information
7.13.2 Aggreko Grid Battery Storage Systems Product Portfolio
7.13.3 Aggreko Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Aggreko Main Business and Markets Served
7.13.5 Aggreko Recent Developments/Updates
7.14 ABB
7.14.1 ABB Grid Battery Storage Systems Company Information
7.14.2 ABB Grid Battery Storage Systems Product Portfolio
7.14.3 ABB Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.14.4 ABB Main Business and Markets Served
7.14.5 ABB Recent Developments/Updates
7.15 Saft
7.15.1 Saft Grid Battery Storage Systems Company Information
7.15.2 Saft Grid Battery Storage Systems Product Portfolio
7.15.3 Saft Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Saft Main Business and Markets Served
7.15.5 Saft Recent Developments/Updates
7.16 Eos Energy Storage
7.16.1 Eos Energy Storage Grid Battery Storage Systems Company Information
7.16.2 Eos Energy Storage Grid Battery Storage Systems Product Portfolio
7.16.3 Eos Energy Storage Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Eos Energy Storage Main Business and Markets Served
7.16.5 Eos Energy Storage Recent Developments/Updates
7.17 Exergonix
7.17.1 Exergonix Grid Battery Storage Systems Company Information
7.17.2 Exergonix Grid Battery Storage Systems Product Portfolio
7.17.3 Exergonix Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Exergonix Main Business and Markets Served
7.17.5 Exergonix Recent Developments/Updates
7.18 Con Edison Solutions
7.18.1 Con Edison Solutions Grid Battery Storage Systems Company Information
7.18.2 Con Edison Solutions Grid Battery Storage Systems Product Portfolio
7.18.3 Con Edison Solutions Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Con Edison Solutions Main Business and Markets Served
7.18.5 Con Edison Solutions Recent Developments/Updates
7.19 East Penn Manufacturing
7.19.1 East Penn Manufacturing Grid Battery Storage Systems Company Information
7.19.2 East Penn Manufacturing Grid Battery Storage Systems Product Portfolio
7.19.3 East Penn Manufacturing Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.19.4 East Penn Manufacturing Main Business and Markets Served
7.19.5 East Penn Manufacturing Recent Developments/Updates
7.20 Enerdel
7.20.1 Enerdel Grid Battery Storage Systems Company Information
7.20.2 Enerdel Grid Battery Storage Systems Product Portfolio
7.20.3 Enerdel Grid Battery Storage Systems Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Enerdel Main Business and Markets Served
7.20.5 Enerdel Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Battery Storage Systems Industry Chain Analysis
8.2 Grid Battery Storage Systems Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Battery Storage Systems Production Mode & Process Analysis
8.4 Grid Battery Storage Systems Sales and Marketing
8.4.1 Grid Battery Storage Systems Sales Channels
8.4.2 Grid Battery Storage Systems Distributors
8.5 Grid Battery Storage Systems Customer Analysis
9 Grid Battery Storage Systems Market Dynamics
9.1 Grid Battery Storage Systems Industry Trends
9.2 Grid Battery Storage Systems Market Drivers
9.3 Grid Battery Storage Systems Market Challenges
9.4 Grid Battery Storage Systems Market Restraints
10 Research Findings 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
Samsung SDI
LG Chem
Fluence
Hitachi
Kokam
LS Energy Solutions
SMA Solar Technology
NGK Insulators
GE
Primus Power
Panasonic
BYD Energy
Aggreko
ABB
Saft
Eos Energy Storage
Exergonix
Con Edison Solutions
East Penn Manufacturing
Enerdel
听
听
*If Applicable.