Energy Storage Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Energy Storage Market is segmented By Product Type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy Storage (FES), Other Types), By Application (Commercial and Industrial, Residential, Distribution, Transmission, Other), By End User (Utility Sector, Commercial Sector, Residential Sector), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

Energy Storage Market is segmented By Product Type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy St....

Energy Storage Market Size

Market Size in USD

CAGR14.2%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	14.2%
Market Concentration	High
Major Players	Tesla, Inc., LG Energy Solution Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., BYD Company Ltd.

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

Want to purchase customized report?
please let us know !

Energy Storage Market Analysis

The energy storage market is estimated to be valued at USD 58.04 Bn in 2024 and is expected to reach USD 147.05 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031. The energy storage market is expected to witness positive trends over the forecast period mainly due to increasing demand for battery storage solutions.

Energy Storage Market Report Snapshots

Buy Now