The report analyzes energy storage service market.
Market Analysis and Insights: Global Energy Storage Market
The global Energy Storage market size is projected to reach US$ 5350.1 million by 2028, from US$ 2105 million in 2021, at a CAGR of 14.0% during 2022-2028.
Fully considering the economic change by this health crisis, Lithium Ion Technology accounting for % of the Energy Storage global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
China Energy Storage market size is valued at US$ million in 2021, while the North America and Europe Energy Storage are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Energy Storage landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Energy Storage market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Energy Storage market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Energy Storage market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Energy Storage market.
Global Energy Storage Scope and Market Size
Energy Storage market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Energy Storage market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
- Lithium Ion Technology
- Lead Acid Technology
- Sodium Chemistry Technology
- Flow Vanadium Technology
- Flow Zinc Technology
- Others
Segment by Application
- Residential
- Commercial
- Utility
By Company
- Duke Energy
- E.ON
- East Penn Manufacturing
- EDF Renewable Energy
- Fluence Energy
- GE Power
- Invenergy
- LG Chem
- Tesla
- ABB
- Johnson Controls
- SolarEdge
- EnerVault
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
TABLE OF CONTENTS
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global Energy Storage Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
- 1.2.2 Lithium Ion Technology
- 1.2.3 Lead Acid Technology
- 1.2.4 Sodium Chemistry Technology
- 1.2.5 Flow Vanadium Technology
- 1.2.6 Flow Zinc Technology
- 1.2.7 Others
- 1.3 Market by Application
- 1.3.1 Global Energy Storage Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
- 1.3.2 Residential
- 1.3.3 Commercial
- 1.3.4 Utility
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global Energy Storage Market Perspective (2017-2028)
- 2.2 Energy Storage Growth Trends by Region
- 2.2.1 Energy Storage Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 Energy Storage Historic Market Size by Region (2017-2022)
- 2.2.3 Energy Storage Forecasted Market Size by Region (2023-2028)
- 2.3 Energy Storage Market Dynamics
- 2.3.1 Energy Storage Industry Trends
- 2.3.2 Energy Storage Market Drivers
- 2.3.3 Energy Storage Market Challenges
- 2.3.4 Energy Storage Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top Energy Storage Players by Revenue
- 3.1.1 Global Top Energy Storage Players by Revenue (2017-2022)
- 3.1.2 Global Energy Storage Revenue Market Share by Players (2017-2022)
- 3.2 Global Energy Storage Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by Energy Storage Revenue
- 3.4 Global Energy Storage Market Concentration Ratio
- 3.4.1 Global Energy Storage Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by Energy Storage Revenue in 2021
- 3.5 Energy Storage Key Players Head office and Area Served
- 3.6 Key Players Energy Storage Product Solution and Service
- 3.7 Date of Enter into Energy Storage Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 Energy Storage Breakdown Data by Type
- 4.1 Global Energy Storage Historic Market Size by Type (2017-2022)
- 4.2 Global Energy Storage Forecasted Market Size by Type (2023-2028)
5 Energy Storage Breakdown Data by Application
- 5.1 Global Energy Storage Historic Market Size by Application (2017-2022)
- 5.2 Global Energy Storage Forecasted Market Size by Application (2023-2028)
6 North America
- 6.1 North America Energy Storage Market Size (2017-2028)
- 6.2 North America Energy Storage Market Size by Type
- 6.2.1 North America Energy Storage Market Size by Type (2017-2022)
- 6.2.2 North America Energy Storage Market Size by Type (2023-2028)
- 6.2.3 North America Energy Storage Market Share by Type (2017-2028)
- 6.3 North America Energy Storage Market Size by Application
- 6.3.1 North America Energy Storage Market Size by Application (2017-2022)
- 6.3.2 North America Energy Storage Market Size by Application (2023-2028)
- 6.3.3 North America Energy Storage Market Share by Application (2017-2028)
- 6.4 North America Energy Storage Market Size by Country
- 6.4.1 North America Energy Storage Market Size by Country (2017-2022)
- 6.4.2 North America Energy Storage Market Size by Country (2023-2028)
- 6.4.3 United States
- 6.4.4 Canada
7 Europe
- 7.1 Europe Energy Storage Market Size (2017-2028)
- 7.2 Europe Energy Storage Market Size by Type
- 7.2.1 Europe Energy Storage Market Size by Type (2017-2022)
- 7.2.2 Europe Energy Storage Market Size by Type (2023-2028)
- 7.2.3 Europe Energy Storage Market Share by Type (2017-2028)
- 7.3 Europe Energy Storage Market Size by Application
- 7.3.1 Europe Energy Storage Market Size by Application (2017-2022)
- 7.3.2 Europe Energy Storage Market Size by Application (2023-2028)
- 7.3.3 Europe Energy Storage Market Share by Application (2017-2028)
- 7.4 Europe Energy Storage Market Size by Country
- 7.4.1 Europe Energy Storage Market Size by Country (2017-2022)
- 7.4.2 Europe Energy Storage Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific Energy Storage Market Size (2017-2028)
- 8.2 Asia-Pacific Energy Storage Market Size by Type
- 8.2.1 Asia-Pacific Energy Storage Market Size by Type (2017-2022)
- 8.2.2 Asia-Pacific Energy Storage Market Size by Type (2023-2028)
- 8.2.3 Asia-Pacific Energy Storage Market Share by Type (2017-2028)
- 8.3 Asia-Pacific Energy Storage Market Size by Application
- 8.3.1 Asia-Pacific Energy Storage Market Size by Application (2017-2022)
- 8.3.2 Asia-Pacific Energy Storage Market Size by Application (2023-2028)
- 8.3.3 Asia-Pacific Energy Storage Market Share by Application (2017-2028)
- 8.4 Asia-Pacific Energy Storage Market Size by Region
- 8.4.1 Asia-Pacific Energy Storage Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific Energy Storage Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America Energy Storage Market Size (2017-2028)
- 9.2 Latin America Energy Storage Market Size by Type
- 9.2.1 Latin America Energy Storage Market Size by Type (2017-2022)
- 9.2.2 Latin America Energy Storage Market Size by Type (2023-2028)
- 9.2.3 Latin America Energy Storage Market Share by Type (2017-2028)
- 9.3 Latin America Energy Storage Market Size by Application
- 9.3.1 Latin America Energy Storage Market Size by Application (2017-2022)
- 9.3.2 Latin America Energy Storage Market Size by Application (2023-2028)
- 9.3.3 Latin America Energy Storage Market Share by Application (2017-2028)
- 9.4 Latin America Energy Storage Market Size by Country
- 9.4.1 Latin America Energy Storage Market Size by Country (2017-2022)
- 9.4.2 Latin America Energy Storage Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa Energy Storage Market Size (2017-2028)
- 10.2 Middle East & Africa Energy Storage Market Size by Type
- 10.2.1 Middle East & Africa Energy Storage Market Size by Type (2017-2022)
- 10.2.2 Middle East & Africa Energy Storage Market Size by Type (2023-2028)
- 10.2.3 Middle East & Africa Energy Storage Market Share by Type (2017-2028)
- 10.3 Middle East & Africa Energy Storage Market Size by Application
- 10.3.1 Middle East & Africa Energy Storage Market Size by Application (2017-2022)
- 10.3.2 Middle East & Africa Energy Storage Market Size by Application (2023-2028)
- 10.3.3 Middle East & Africa Energy Storage Market Share by Application (2017-2028)
- 10.4 Middle East & Africa Energy Storage Market Size by Country
- 10.4.1 Middle East & Africa Energy Storage Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa Energy Storage Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 Duke Energy
- 11.1.1 Duke Energy Company Details
- 11.1.2 Duke Energy Business Overview
- 11.1.3 Duke Energy Energy Storage Introduction
- 11.1.4 Duke Energy Revenue in Energy Storage Business (2017-2022)
- 11.1.5 Duke Energy Recent Developments
- 11.2 E.ON
- 11.2.1 E.ON Company Details
- 11.2.2 E.ON Business Overview
- 11.2.3 E.ON Energy Storage Introduction
- 11.2.4 E.ON Revenue in Energy Storage Business (2017-2022)
- 11.2.5 E.ON Recent Developments
- 11.3 East Penn Manufacturing
- 11.3.1 East Penn Manufacturing Company Details
- 11.3.2 East Penn Manufacturing Business Overview
- 11.3.3 East Penn Manufacturing Energy Storage Introduction
- 11.3.4 East Penn Manufacturing Revenue in Energy Storage Business (2017-2022)
- 11.3.5 East Penn Manufacturing Recent Developments
- 11.4 EDF Renewable Energy
- 11.4.1 EDF Renewable Energy Company Details
- 11.4.2 EDF Renewable Energy Business Overview
- 11.4.3 EDF Renewable Energy Energy Storage Introduction
- 11.4.4 EDF Renewable Energy Revenue in Energy Storage Business (2017-2022)
- 11.4.5 EDF Renewable Energy Recent Developments
- 11.5 Fluence Energy
- 11.5.1 Fluence Energy Company Details
- 11.5.2 Fluence Energy Business Overview
- 11.5.3 Fluence Energy Energy Storage Introduction
- 11.5.4 Fluence Energy Revenue in Energy Storage Business (2017-2022)
- 11.5.5 Fluence Energy Recent Developments
- 11.6 GE Power
- 11.6.1 GE Power Company Details
- 11.6.2 GE Power Business Overview
- 11.6.3 GE Power Energy Storage Introduction
- 11.6.4 GE Power Revenue in Energy Storage Business (2017-2022)
- 11.6.5 GE Power Recent Developments
- 11.7 Invenergy
- 11.7.1 Invenergy Company Details
- 11.7.2 Invenergy Business Overview
- 11.7.3 Invenergy Energy Storage Introduction
- 11.7.4 Invenergy Revenue in Energy Storage Business (2017-2022)
- 11.7.5 Invenergy Recent Developments
- 11.8 LG Chem
- 11.8.1 LG Chem Company Details
- 11.8.2 LG Chem Business Overview
- 11.8.3 LG Chem Energy Storage Introduction
- 11.8.4 LG Chem Revenue in Energy Storage Business (2017-2022)
- 11.8.5 LG Chem Recent Developments
- 11.9 Tesla
- 11.9.1 Tesla Company Details
- 11.9.2 Tesla Business Overview
- 11.9.3 Tesla Energy Storage Introduction
- 11.9.4 Tesla Revenue in Energy Storage Business (2017-2022)
- 11.9.5 Tesla Recent Developments
- 11.10 ABB
- 11.10.1 ABB Company Details
- 11.10.2 ABB Business Overview
- 11.10.3 ABB Energy Storage Introduction
- 11.10.4 ABB Revenue in Energy Storage Business (2017-2022)
- 11.10.5 ABB Recent Developments
- 11.11 Johnson Controls
- 11.11.1 Johnson Controls Company Details
- 11.11.2 Johnson Controls Business Overview
- 11.11.3 Johnson Controls Energy Storage Introduction
- 11.11.4 Johnson Controls Revenue in Energy Storage Business (2017-2022)
- 11.11.5 Johnson Controls Recent Developments
- 11.12 SolarEdge
- 11.12.1 SolarEdge Company Details
- 11.12.2 SolarEdge Business Overview
- 11.12.3 SolarEdge Energy Storage Introduction
- 11.12.4 SolarEdge Revenue in Energy Storage Business (2017-2022)
- 11.12.5 SolarEdge Recent Developments
- 11.13 EnerVault
- 11.13.1 EnerVault Company Details
- 11.13.2 EnerVault Business Overview
- 11.13.3 EnerVault Energy Storage Introduction
- 11.13.4 EnerVault Revenue in Energy Storage Business (2017-2022)
- 11.13.5 EnerVault Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer