エネルギー貯蔵システム市場レポート：技術別、用途別、エンドユーザー別、地域別、2024年～2032年

世界のエネルギー貯蔵システムの市場規模は2023年に236.6GWに達しました。IMARC Groupは、2024年から2032年にかけての成長率（CAGR）は7.6%で、2032年には468.4GWに達すると予測しています。同市場は、緊急停電時の電力需要の増加、送電網の近代化と分散化、再生可能エネルギーの利用拡大、世界の有害排出物削減への関心の高まりなどを背景に、着実な成長を遂げています。

エネルギー貯蔵システム市場分析：

市場の成長と規模：再生可能エネルギーの統合、送電網の近代化、輸送の電化が世界的に重視されるようになり、市場は力強い成長を遂げています。多様な用途でエネルギー貯蔵ソリューションに対する需要が大幅に増加したことで、市場は大幅な拡大を経験し、その規模は、変化するエネルギー情勢におけるエネルギー貯蔵の極めて重要な役割を反映して、拡大し続けています。

主な市場促進要因：市場を促進する主な要因には、再生可能エネルギーへの移行、送電網の近代化への取り組み、輸送の電化などがあります。これらの要因は、政府のインセンティブ、環境問題、エネルギー貯蔵技術の進歩と相まって、世界のエネルギー貯蔵ソリューションの持続的成長と採用に寄与しています。

技術の進歩：技術の進歩、特にリチウムイオン、固体電池、新興蓄電技術などの電池技術の進歩は、エネルギー貯蔵市場の形成に極めて重要な役割を果たしています。現在進行中の研究開発は、エネルギー密度、サイクル寿命、全体的な効率を向上させ、技術革新を促進し、エネルギー貯蔵システムの能力を拡大することに重点を置いています。

産業への応用：これらのシステムは、公益事業、住宅、商業、産業部門など、さまざまな業界で応用されています。これらの用途は、送電網の安定化や再生可能エネルギーの統合から、バックアップ電力の供給や重要インフラのサポートまで多岐にわたり、エネルギー貯蔵ソリューションの多様性と適応性を示しています。

主な市場動向：市場の主な動向には、分散型エネルギー貯蔵の台頭、スマート技術の統合、持続可能で環境に優しい貯蔵ソリューションの市場開拓などがあります。さらに、エネルギー・アズ・ア・サービス・モデルへの注目の高まりや、新興市場におけるエネルギー貯蔵の展開も見られます。

地理的動向：地理的には、急速な都市化、政府の取り組み、エネルギー需要の増加を背景に、アジア太平洋地域が市場をリードしています。北米と欧州も、再生可能エネルギーの導入、グリッドの回復力、エネルギー貯蔵の技術革新に注力し、大きな成長を示しています。

競合情勢：主要企業が研究開発、戦略的パートナーシップ、合併に投資している競合情勢が特徴です。主要企業は、市場シェアの拡大、製品ポートフォリオの拡充、世界のエネルギー貯蔵エコシステムへの重要な貢献者としての地位確立を目指し、しのぎを削っています。

課題と機会：エネルギー貯蔵業界の課題には、初期コストの高さ、規制の不確実性、技術的障壁などがあります。しかし、これらの課題は、技術革新、コスト削減、拡張可能なソリューション開発の機会をもたらし、業界の成長と回復力を促進します。

将来の展望：エネルギー貯蔵システム市場の将来展望は楽観的であり、技術進歩、コスト削減、政策支援に引き続き焦点が当てられます。同市場は、エネルギーの持続可能性、送電網の信頼性を達成し、クリーンで信頼性の高い電力に対する世界の需要増に対応する上で重要な役割を果たすと予想されます。

エネルギー貯蔵システム市場動向：

再生可能エネルギーへの移行の高まり

市場を支える一次情報は、再生可能エネルギーへの世界的移行です。世界中でクリーンで持続可能なエネルギーへの移行が進む中、太陽光発電や風力発電などの再生可能エネルギーは断続的な性質を持つため、安定した信頼性の高いエネルギー供給を維持することが課題となっています。これらの蓄電システムは、再生可能エネルギー発電の出力が高い時間帯に生成された余剰エネルギーを貯蔵し、需要が増加する時間帯や再生可能エネルギー発電の出力が低い時間帯に放出することで、この課題を軽減する上で極めて重要な役割を果たしています。これにより、再生可能エネルギーを既存の送電網によりシームレスに統合することが可能になり、従来の化石燃料ベースの発電への依存を減らし、温室効果ガスの排出削減に貢献します。環境の持続可能性へのコミットメントと、気候変動への懸念の認識の高まりは、政府、企業、消費者を問わず、エネルギー貯蔵ソリューションへの投資を促しています。カーボン・ニュートラルの達成と再生可能エネルギー目標の達成に焦点を当て、エネルギー貯蔵システム市場はクリーン・エネルギー技術の普及に不可欠なイネーブラーとなります。

送電網の近代化と分散化

送電網の近代化の必要性も、市場を推進する重要な要因です。電力インフラの老朽化、エネルギー需要の増加、より強靭な送電網への要望が、電力会社や送電網運営者に高度なエネルギー貯蔵技術への投資を促しています。これらの蓄電システムは、周波数調整、電圧制御、グリッドバランシングなどのアンシラリーサービスを提供することで、グリッドの安定性をサポートします。さらに、これらのシステムは分散型エネルギー資源（DER）の統合を促進し、分散型エネルギーへの移行をサポートします。分散化は、屋根上ソーラーパネルのような分散型発電源の台頭や、消費者のエネルギー自立への願望によって、市場に影響を与える主要動向です。エネルギー貯蔵システムは、個人や企業が地域で発電したエネルギーを貯蔵する力を与え、集中型送電網への依存を減らし、エネルギーの回復力を強化します。分散型エネルギー貯蔵が提供する柔軟性は、送電網の信頼性に貢献し、送電・配電ロスを削減し、より弾力的で適応力のあるエネルギー・インフラを育成します。

高まる輸送の電化

輸送の電動化、特に電気自動車（EV）の普及拡大は、市場の主要な促進要因です。従来の内燃エンジン車から電動モビリティへのシフトは、効率的で大容量のエネルギー貯蔵ソリューションの開発を必要とします。エネルギー貯蔵技術として普及しているリチウムイオン電池は、電気自動車の動力源として中心的な役割を果たしています。電気自動車の需要が増加し続ける中、エネルギー貯蔵市場は、電池技術、研究、生産能力への投資の増加から利益を得ています。世界各国の政府は、インセンティブ、規制、インフラ整備を通じて電気自動車の導入を促進しており、エネルギー貯蔵の成長に資する環境を作り出しています。この動向は市場を前進させるだけでなく、エネルギー貯蔵と運輸部門との間に共生関係を築き、バッテリー技術、充電インフラ、グリッド統合の進歩の機会を生み出しています。エネルギー貯蔵と輸送の交わりは、二酸化炭素排出を削減し、エネルギー効率を高め、持続可能で相互接続されたエネルギー・エコシステムを構築するという、より広範な取り組みと一致しています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界のエネルギー貯蔵システム市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：技術別

• 揚水発電
  • 市場動向
  • 市場予測
• 電気化学ストレージ
  • 市場動向
  • 市場予測
• 電気機械式ストレージ
  • 市場動向
  • 市場予測
• 蓄熱
  • 市場動向
  • 市場予測

第7章 市場内訳：用途別

• 定置
  • 市場動向
  • 市場予測
• 輸送
  • 市場動向
  • 市場予測

第8章 市場内訳：エンドユーザー別

• 住宅
  • 市場動向
  • 市場予測
• 非住宅
  • 市場動向
  • 市場予測
• ユーティリティ
  • 市場動向
  • 市場予測

第9章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋地域
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Altair Nanotechnologies Inc.
  • Eguana Technologies
  • Electrovaya Inc.
  • Exide Industries Limited
  • Furukawa Electric Co. Ltd.
  • General Electric Company
  • Kokam Ltd.
  • LG Chem Ltd.
  • Saft（TotalEnergies SE）
  • Samsung SDI Co. Ltd.
  • Schneider Electric SE
  • Showa Denko K. K.
  • Tata Power Company Limited

List of Figures

• Figure 1: Global: Energy Storage Systems Market: Major Drivers and Challenges
• Figure 2: Global: Energy Storage Systems Market: Volume Trends (in GW), 2018-2023
• Figure 3: Global: Energy Storage Systems Market Forecast: Volume Trends (in GW), 2024-2032
• Figure 4: Global: Energy Storage Systems Market: Value Trends (in Billion US$), 2018-2023
• Figure 5: Global: Energy Storage Systems Market Forecast: Value Trends (in Billion US$), 2024-2032
• Figure 6: Global: Energy Storage Systems Market: Breakup by Technology (in %), 2023
• Figure 7: Global: Energy Storage Systems Market: Breakup by Application (in %), 2023
• Figure 8: Global: Energy Storage Systems Market: Breakup by End User (in %), 2023
• Figure 9: Global: Energy Storage Systems Market: Breakup by Region (in %), 2023
• Figure 10: Global: Energy Storage Systems (Pumped Hydro) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 11: Global: Energy Storage Systems (Pumped Hydro) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 12: Global: Energy Storage Systems (Electrochemical Storage) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 13: Global: Energy Storage Systems (Electrochemical Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 14: Global: Energy Storage Systems (Electromechanical Storage) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 15: Global: Energy Storage Systems (Electromechanical Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 16: Global: Energy Storage Systems (Thermal Storage) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 17: Global: Energy Storage Systems (Thermal Storage) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 18: Global: Energy Storage Systems (Stationary) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 19: Global: Energy Storage Systems (Stationary) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 20: Global: Energy Storage Systems (Transportation) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 21: Global: Energy Storage Systems (Transportation) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 22: Global: Energy Storage Systems (Residential) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 23: Global: Energy Storage Systems (Residential) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 24: Global: Energy Storage Systems (Non-Residential) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 25: Global: Energy Storage Systems (Non-Residential) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 26: Global: Energy Storage Systems (Utilities) Market: Value Trends (in Million US$), 2018 & 2023
• Figure 27: Global: Energy Storage Systems (Utilities) Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 28: North America: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 29: North America: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 30: United States: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 31: United States: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 32: Canada: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 33: Canada: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 34: Asia-Pacific: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 35: Asia-Pacific: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 36: China: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 37: China: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 38: Japan: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 39: Japan: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 40: India: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 41: India: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 42: South Korea: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 43: South Korea: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 44: Australia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 45: Australia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 46: Indonesia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 47: Indonesia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 48: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 49: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 50: Europe: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 51: Europe: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 52: Germany: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 53: Germany: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 54: France: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 55: France: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 56: United Kingdom: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 57: United Kingdom: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 58: Italy: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 59: Italy: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 60: Spain: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 61: Spain: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 62: Russia: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 63: Russia: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 64: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 65: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 66: Latin America: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 67: Latin America: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 68: Brazil: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 69: Brazil: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 70: Mexico: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 71: Mexico: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 72: Others: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 73: Others: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 74: Middle East and Africa: Energy Storage Systems Market: Value Trends (in Million US$), 2018 & 2023
• Figure 75: Middle East and Africa: Energy Storage Systems Market: Breakup by Country (in %), 2023
• Figure 76: Middle East and Africa: Energy Storage Systems Market Forecast: Value Trends (in Million US$), 2024-2032
• Figure 77: Global: Energy Storage Systems Industry: SWOT Analysis
• Figure 78: Global: Energy Storage Systems Industry: Value Chain Analysis
• Figure 79: Global: Energy Storage Systems Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Energy Storage Systems Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Energy Storage Systems Market Forecast: Breakup by Technology (in Million US$), 2024-2032
• Table 3: Global: Energy Storage Systems Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Energy Storage Systems Market Forecast: Breakup by End User (in Million US$), 2024-2032
• Table 5: Global: Energy Storage Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 6: Global: Energy Storage Systems Market: Competitive Structure
• Table 7: Global: Energy Storage Systems Market: Key Players

The global energy storage systems market size reached 236.6 GW in 2023. Looking forward, IMARC Group expects the market to reach 468.4 GW by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032. The market is experiencing steady growth driven by the growing demand for electricity during emergency power cuts, grid modernization and decentralization, escalating utilization of renewable energy, and rising concerns about reducing harmful emissions worldwide.

Energy Storage Systems Market Analysis:

Market Growth and Size: The market has witnessed robust growth, driven by the increasing global emphasis on renewable energy integration, grid modernization, and the electrification of transportation. With a significant rise in demand for energy storage solutions across diverse applications, the market has experienced considerable expansion, and its size continues to grow, reflecting the pivotal role of energy storage in the changing energy landscape.

Major Market Drivers: Key drivers fueling the market include the transition to renewable energy sources, grid modernization efforts, and the electrification of transportation. These factors, coupled with government incentives, environmental concerns, and advancements in energy storage technologies, contribute to the sustained growth and adoption of energy storage solutions worldwide.

Technological Advancements: Technological advancements, particularly in battery technologies like lithium-ion, solid-state batteries, and emerging storage technologies, play a pivotal role in shaping the energy storage market. Ongoing research and development efforts focus on improving energy density, cycle life, and overall efficiency, driving innovation, and expanding the capabilities of energy storage systems.

Industry Applications: These systems find diverse applications across industries, including utilities, residential, commercial, and industrial sectors. These applications range from grid stabilization and renewable energy integration to providing backup power and supporting critical infrastructure, showcasing the versatility and adaptability of energy storage solutions.

Key Market Trends: Key trends in the market include the rise of decentralized energy storage, the integration of smart technologies, and the development of sustainable and eco-friendly storage solutions. Additionally, the market observes a growing focus on energy-as-a-service models and the deployment of energy storage in emerging markets.

Geographical Trends: Geographically, Asia Pacific leads the market, driven by rapid urbanization, government initiatives, and increasing energy demand. North America and Europe also demonstrate significant growth, with a focus on renewable energy adoption, grid resilience, and energy storage innovation.

Competitive Landscape: The energy storage systems market features a competitive landscape with major players investing in research and development, strategic partnerships, and mergers. Leading companies compete to enhance their market share, expand product portfolios, and position themselves as key contributors to the global energy storage ecosystem.

Challenges and Opportunities: Challenges in the energy storage industry include high initial costs, regulatory uncertainties, and technological barriers. However, these challenges present opportunities for innovation, cost reduction, and the development of scalable solutions, fostering the industry's growth and resilience.

Future Outlook: The future outlook for the energy storage systems market is optimistic, with a continued focus on technological advancements, cost reductions, and policy support. The market is expected to play a crucial role in achieving energy sustainability, grid reliability, and meeting the increasing demand for clean and reliable power globally.

Energy Storage Systems Market Trends:

Rising transition to renewable energy

One of the primary driving forces behind the market is the global transition to renewable energy sources. As the world increasingly embraces clean and sustainable energy options, the intermittent nature of renewables, such as solar and wind power, poses a challenge to maintaining a stable and reliable energy supply. These storage systems play a pivotal role in mitigating this challenge by storing excess energy generated during periods of high renewable output and releasing it during times of increased demand or low renewable production. This enables a more seamless integration of renewable energy into the existing power grid, reduces reliance on traditional fossil fuel-based generation, and contributes to the reduction of greenhouse gas emissions. The commitment to environmental sustainability and the growing recognition of climate change concerns are driving governments, businesses, and consumers alike to invest in energy storage solutions. With a focus on achieving carbon neutrality and meeting renewable energy targets, the energy storage systems market becomes an essential enabler for the widespread adoption of clean energy technologies.

Grid modernization and decentralization

The need for grid modernization is another significant factor propelling the market. Aging power infrastructure, increasing energy demand, and the desire for more resilient grids are prompting utilities and grid operators to invest in advanced energy storage technologies. These storage systems support grid stability by providing ancillary services, including frequency regulation, voltage control, and grid balancing. Moreover, these systems facilitate the integration of distributed energy resources (DERs) and support the transition towards a decentralized energy landscape. Decentralization is a key trend influencing the market, driven by the rise of distributed generation sources like rooftop solar panels and the desire for energy independence among consumers. Energy storage systems empower individuals and businesses to store locally generated energy, reducing dependence on centralized power grids and enhancing energy resilience. The flexibility offered by decentralized energy storage contributes to grid reliability, reduces transmission and distribution losses, and fosters a more resilient and adaptive energy infrastructure.

Growing electrification of transportation

The electrification of transportation, particularly the increasing adoption of electric vehicles (EVs), is a major driver of the market. The shift away from traditional internal combustion engine vehicles towards electric mobility necessitates the development of efficient and high-capacity energy storage solutions. Lithium-ion batteries, a prevalent technology in energy storage, play a central role in powering electric vehicles. As the demand for EVs continues to rise, the energy storage market benefits from increased investments in battery technologies, research, and production capacities. Governments worldwide are promoting electric vehicle adoption through incentives, regulations, and infrastructure development, creating a conducive environment for energy storage growth. This trend not only propels the market forward but also establishes a symbiotic relationship between energy storage and the transportation sector, creating opportunities for advancements in battery technology, charging infrastructure, and grid integration. The intersection of energy storage and transportation aligns with broader efforts to reduce carbon emissions, enhance energy efficiency, and build a sustainable and interconnected energy ecosystem.

Energy Storage Systems Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on technology, application, and end user.

Breakup by Technology:

Pumped Hydro

Electrochemical Storage

Electromechanical Storage

Thermal Storage

Pumped hydro accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on technology. This includes pumped hydro, electrochemical storage, electromechanical storage, and thermal storage. According to the report, pumped hydro represented the largest segment.

Pumped hydro stands as a stalwart in the energy storage landscape, claiming the majority of the market share. This well-established technology harnesses gravitational potential energy by pumping water to an elevated reservoir during periods of excess electricity, later releasing it to generate power during high-demand periods. Its large-scale capacity, long operational life, and grid-balancing capabilities position pumped hydro as a dependable and cost-effective solution for storing and managing energy on a massive scale, contributing significantly to grid stability and renewable energy integration.

Electrochemical storage, predominantly represented by lithium-ion batteries, is rapidly gaining prominence in the market. With applications ranging from portable electronics to electric vehicles and grid-scale installations, electrochemical storage offers versatility and high energy density. Advances in battery technologies, coupled with decreasing costs, drive the adoption of electrochemical storage solutions. These systems provide efficient and reliable energy storage, supporting the transition to renewable energy sources and addressing the need for decentralized power solutions.

Electromechanical storage solutions, such as flywheels and compressed air energy storage (CAES), offer innovative approaches to energy storage. Flywheel systems store energy in the form of rotational kinetic energy, providing rapid response times and frequency regulation. Compressed air energy storage, on the other hand, compresses air during low-demand periods and releases it to generate power when demand is high. These electromechanical technologies contribute to grid stability and energy management, offering unique advantages in terms of efficiency, quick response, and reliability.

Thermal storage systems play a crucial role in the energy storage market by storing and releasing energy in the form of heat. Common technologies include molten salt storage and phase change materials. In concentrated solar power plants, molten salt is used to store and transfer thermal energy, allowing for continuous electricity generation even when the sun is not shining. Phase-change materials store and release energy during changes in their physical state. These thermal storage solutions enhance the efficiency of renewable energy systems by enabling dispatchable power generation and reducing reliance on intermittent energy sources.

Breakup by Application:

Stationary

Transportation

Stationary holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes stationary and transportation. According to the report, stationary accounted for the largest market share.

The stationary application claims the largest share in the energy storage industry, representing a fundamental component of modern energy infrastructure. Stationary systems play a critical role in various sectors, including power grids, commercial buildings, and residential settings. These systems contribute to grid stability, manage peak demand, and support the integration of renewable energy sources by storing excess energy during periods of low demand and releasing it when demand is high. Stationary energy storage solutions, such as lithium-ion batteries and pumped hydro, are widely deployed for applications such as load shifting, backup power, and enhancing the reliability of electrical grids. As the demand for resilient and sustainable energy solutions continues to grow, stationary applications remain at the forefront of the energy storage industry.

While the transportation application holds a significant share in the energy storage industry, it is often surpassed by the stationary sector. Transportation applications primarily involve electric vehicles (EVs) and their energy storage systems, mainly lithium-ion batteries. The rising global interest in electric mobility, driven by environmental concerns and government initiatives, has led to increased adoption of energy storage solutions for electric vehicles. Lithium-ion batteries, with their high energy density and efficiency, dominate the electric vehicle market. The transportation segment continues to advance with ongoing research and development, aiming to enhance the energy storage capacity, charging speed, and overall performance of batteries in electric vehicles, contributing to the sustainable transformation of the transportation sector.

Breakup by End-User:

Residential

Non-Residential

Utilities

Utilities represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end-user. This includes residential, non-residential, and utilities. According to the report, utilities represented the largest segment.

Utilities stand out as the leading market segment in the energy storage industry, commanding a significant share. As the energy landscape transforms renewable sources and grid modernization, utilities leverage energy storage to enhance grid stability, manage peak demand, and integrate fluctuating renewable energy generation. Large-scale energy storage projects, such as grid-scale batteries and pumped hydro, are deployed by utilities to store excess energy during periods of low demand and release it when demand is high. This application contributes to the optimization of power generation, transmission, and distribution, fostering a more resilient and sustainable energy infrastructure. Utilities play a pivotal role in shaping the energy storage market by implementing innovative storage solutions that address the challenges of grid balancing and contribute to the efficient use of renewable energy resources.

The non-residential segment encompasses a diverse range of applications, including commercial, industrial, and institutional settings. Non-residential end-users deploy these storage systems for various purposes, such as peak shaving, demand response, and ensuring uninterrupted power supply. In commercial and industrial facilities, energy storage solutions contribute to cost savings by reducing electricity bills during peak demand periods and providing backup power during outages. Additionally, institutions, such as hospitals and educational facilities, utilize energy storage to enhance energy resilience and ensure continuous operation. The non-residential sector's adoption of energy storage is driven by a combination of economic benefits, sustainability goals, and the need for reliable power in critical infrastructure.

The residential segment focuses on energy storage solutions for individual households. Homeowners deploy residential systems, often in the form of batteries, to store excess energy generated from renewable sources like solar panels. These systems enable homeowners to optimize their energy consumption, reduce reliance on the grid during peak hours, and enhance overall energy independence. The residential sector plays a crucial role in decentralized energy generation and storage, contributing to a more distributed and resilient energy landscape. As residential energy storage becomes more affordable and accessible, homeowners are increasingly adopting these solutions to manage their energy usage efficiently and contribute to sustainability goals.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest energy storage systems market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific takes the lead in driving the market, holding the largest market share. The region's dominance can be attributed to rapid urbanization, burgeoning industrial activities, and a strong emphasis on sustainable energy solutions. Government initiatives and policies supporting renewable energy adoption and grid modernization play a crucial role in propelling the energy storage market forward. Additionally, Asia Pacific experiences a high demand for reliable and efficient energy storage solutions due to the growing population and increasing energy consumption. The region's commitment to achieving energy security, coupled with advancements in battery technologies and a robust manufacturing ecosystem, positions Asia Pacific as a key driver in shaping the future of the global market.

In North America, the market is driven by a combination of factors, including a focus on grid resiliency, renewable energy integration, and the need for energy storage to support electric vehicle infrastructure. The United States, in particular, exhibits a strong push for clean energy initiatives, driving investments in various energy storage projects.

In Europe, the market is expanding due to ambitious renewable energy targets, energy storage incentives, and policies promoting sustainability. The European Union's commitment to achieving carbon neutrality further accelerates the deployment of energy storage technologies across the continent.

Latin America is witnessing growth in the energy storage market, driven by increasing electrification efforts, renewable energy projects, and a push for grid stability. The region's abundant renewable resources, such as solar and wind, contribute to the growing interest in energy storage solutions.

The Middle East and Africa are gradually embracing these storage systems to meet the rising energy demands, enhance grid reliability, and integrate renewable energy sources into their energy mix. Government initiatives and diversification strategies play a pivotal role in driving energy storage adoption across this region.

Leading Key Players in the Energy Storage Systems Industry:

The key players in the market are driving growth through strategic initiatives, technological advancements, and sustainable solutions. These companies invest heavily in research and development to enhance the efficiency, capacity, and reliability of energy storage technologies. Advancements in battery chemistries, such as lithium-ion and solid-state batteries, are a focal point for these players, enabling higher energy density and longer cycle life. Moreover, strategic partnerships, collaborations, and acquisitions are key strategies employed by major players to expand their market presence and capabilities. These collaborations often involve utility companies, technology providers, and government agencies, fostering the integration of energy storage into diverse applications, from grid-scale projects to residential solutions. Key players also contribute to the market by championing sustainable energy practices, promoting the use of renewable energy sources, and supporting the development of eco-friendly storage solutions.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Altair Nanotechnologies Inc.

Eguana Technologies

Electrovaya Inc.

Exide Industries Limited

Furukawa Electric Co. Ltd.

General Electric Company

Kokam Ltd.

LG Chem Ltd.

Saft (TotalEnergies SE)

Samsung SDI Co. Ltd.

Schneider Electric SE

Showa Denko K. K.

Tata Power Company Limited.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

November 22, 2023: Eguana Technologies announced that it has entered into a multi-year Virtual Power Plant (VPP) Referral and Promotion partnership with a long-time utility partner, to deploy Eguana's Energy Storage Solutions (ESS) to Australian electricity customers.

January 5, 2024: Electrovaya Inc. announced that management is participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9th and 10th, 2024.

January 18, 2024: Furukawa Electric Co. Ltd. entered into a new share subscription agreement for an approximately 10 Million pound investment in Tokamak Energy Ltd. (Head office: Oxford, UK, CEO: Warrick Mathews).

Key Questions Answered in This Report

• 1. What was the size of the global energy storage systems market in 2023?
• 2. What is the expected growth rate of the global energy storage systems market during 2024-2032?
• 3. What has been the impact of COVID-19 on the global energy storage systems market?
• 4. What are the key factors driving the global energy storage systems market?
• 5. What is the breakup of the global energy storage systems market based on the technology?
• 6. What is the breakup of the global energy storage systems market based on the application?
• 7. What is the breakup of the global energy storage systems market based on end user?
• 8. What are the key regions in the global energy storage systems market?
• 9. Who are the key players/companies in the global energy storage systems market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Energy Storage Systems Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Technology

• 6.1 Pumped Hydro
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Electrochemical Storage
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Electromechanical Storage
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Thermal Storage
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Application

• 7.1 Stationary
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Transportation
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by End User

• 8.1 Residential
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Non-Residential
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Utilities
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Altair Nanotechnologies Inc.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Eguana Technologies
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 Electrovaya Inc.
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 Exide Industries Limited
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
  • 14.3.5 Furukawa Electric Co. Ltd.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
    • 14.3.5.4 SWOT Analysis
  • 14.3.6 General Electric Company
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 Kokam Ltd.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
  • 14.3.8 LG Chem Ltd.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Saft (TotalEnergies SE)
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 Samsung SDI Co. Ltd.
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 Schneider Electric SE
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Showa Denko K. K.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis
  • 14.3.13 Tata Power Company Limited
    • 14.3.13.1 Company Overview
    • 14.3.13.2 Product Portfolio
    • 14.3.13.3 Financials
    • 14.3.13.4 SWOT Analysis