Energy Storage Market Size
Market Size in USD Bn
CAGR14.4%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 14.4% |
| Market Concentration | High |
| Major Players | Tesla, Inc., LG Energy Solution Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., BYD Company Ltd. and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Energy Storage Market Analysis
The energy storage market is estimated to be valued at USD 66.40 Bn in 2025 and is expected to reach USD 170.27 Bn by 2032, growing at a compound annual growth rate (CAGR) of 14.4% from 2025 to 2032. The energy storage market is expected to witness positive trends over the forecast period mainly due to increasing demand for battery storage solutions.