Executive Summary
The Global Energy Storage Market, valued at USD 64.96 Billion in the year 2021 has been witnessing unprecedented growth in the last few years on the back of growing environmental concerns, growing government support, rapid urbanization and growing clean energy demand. These factors will drive the Energy Storage Market market value in the near future.
Among the type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES) and others), the Batteries segment holds the largest share globally and is expected to grow at a faster pace in the forecast period. The demand for Lithium-Based Batteries is higher in EVs, ESS systems, and also battery storage is widely used in electric vehicles, portable devices due to the advantages of a lithium-based battery, which will drive the market.
Among the End-User (Industrial, Commercial, Residential), Industrial end-user holds a large share in the market globally and is expected to keep growing in the forecast period. It is one of the largest applications of energy storage systems as the demand for energy storage is high in manufacturing, automobile like electric vehicles and the rising demand for EV will keep driving the market in future.
The main growth in Energy Storage Market has been registered from APAC in 2021. In countries like China, Japan, Australia, India and South Korea, due to the growing population, the need for energy has increased, which will facilitate demand for renewable energy in Asian countries. These factors will drive the need for energy storage system in the region and is expected to infuse market growth tremendously.
Scope of the Report
• The report analyses the Energy Storage Market by Value.
• The report presents the analysis of the Energy Storage Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
• The report analyses the Energy Storage Market by Type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Others).
• The report analyses the Energy Storage Market by the End-User (Industrial, Commercial, and Residential).
• The Global Energy Storage Market has been analysed By Region (Americas, Europe and the Asia Pacific) and By Country (U.S, Canada, UK, Germany, Italy, France, China, Japan, Australia, India).
• The attractiveness of the market has been presented by Type, by End User, by region. Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Tesla Inc., Panasonic, Toshiba, LG Chem, GS Yuasa, BYD, General Electric, Fluence Energy Powin, Wartsila.
• The report analyses the impact of Covid-19 on the Energy Storage Market.
Key Target Audience
• Energy Storage Market Vendors
• Consulting and Advisory Firms
• Government and Policy Makers
• Investment Banks and Equity Firms
• Regulatory Authorities
1. Scope, Research Methodology and Executive Summary
1.1 Research Methodology
1.2 Executive Summary
2. Strategic Recommendations
3. Global Energy Storage Market: Product Outlook
4. Global Energy Storage Market: Sizing and Forecast
4.1 Market Size, By Value, 017-2027
4.2 Impact of COVID-19 on Global Energy Storage Market
5. Global Energy Storage Market Segmentation By Type and By End User
5.1 Competitive Scenario of Energy Storage Market: By type
5.1.1 Batteries - Market Size and Forecast (2017-2027)
5.1.2 Pumped-storage Hydroelectricity (PSH) - Market Size and Forecast (2017-2027)
5.1.3 Thermal Energy Storage (TES) - Market Size and Forecast (2017-2027)
5.1.4 Others - Market Size and Forecast (2017-2027)
5.2 Competitive Scenario of Energy Storage Market: By End User
5.2.1 Industrialñ Market Size and Forecast (2017-2027)
5.2.2 Commercial ñ Market Size and Forecast (2017-2027)
5.2.3 Residential ñ Market Size and Forecast (2017-2027)
6. Global Energy Storage Market: Regional Analysis
6.1 Competitive Scenario of Energy Storage Market: by Region
7. America Energy Storage Market: An Analysis (2017-2027)
7.1 America Energy Storage Market: Size and Forecast (2017-2027), by Value
7.2 Americas Energy Storage Marketñ Prominent Companies
7.3 Market Segmentation By type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES) and others)
7.4 Market Segmentation by End User (Industrial, Commercial and Residential)
7.5 America Energy Storage Market: Country Analysis
7.6 Market Opportunity Chart of America Energy Storage Market - by Country, By Value, 2027
7.7 Competitive Scenario of America Energy Storage Market: by Country
7.8 United States Energy Storage Market: Size and Forecast (2017-2027), By Value
7.9 United States Energy Storage Market Segmentation - By type and By End User
7.10 Canada Energy Storage Market: Size and Forecast (2017-2027), By Value
7.11 Canada Energy Storage Market Segmentation - By type and By End User
8. Europe Energy Storage Market: An Analysis (2017-2027)
8.1 Europe Energy Storage Market: Size and Forecast (2017-2027), By Value
8.2 Europe Energy Storage Market - Prominent Companies
8.4 Market Segmentation By type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES) and others)
8.5 Market Segmentation by End User (Industrial, Commercial and Residential)
8.6 Europe Energy Storage Market: Country Analysis
8.7 Market Opportunity Chart of Europe Energy Storage Market - By Country, By Value, 2027
8.8 Competitive Scenario of Europe Energy Storage Market: By Country
8.9 Germany Energy Storage Market: Size and Forecast (2017-2027), By Value
8.10 Germany Energy Storage Market Segmentation - By type and By End User
8.11 Italy Energy Storage Market: Size and Forecast (2017-2027), By Value
8.12 Italy Energy Storage Market Segmentation - By type and By End User
8.13 France Energy Storage Market: Size and Forecast (2017-2027), By Value
8.14 France Energy Storage Market Segmentation - By type and By End User
8.15 United Kingdom Energy Storage Market: Size and Forecast (2017-2027), By Value
8.16 United Kingdom Energy Storage Market Segmentation - By type and By End User
9. Asia Pacific Energy Storage Market: An Analysis (2017-2027)
9.1 Asia Pacific Energy Storage Market: Size and Forecast (2017-2027), By Value
9.2 Asia Pacific Energy Storage Market - Prominent Companies
9.4 Market Segmentation By type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES) and others)
9.5 Market Segmentation by End User (Industrial, Commercial and Residential)
9.6 Asia Pacific Energy Storage Market: Country Analysis
9.7 Market Opportunity Chart of Asia Pacific Energy Storage Market - by Country, By Value, 2027
9.8 Competitive Scenario of Asia Pacific Energy Storage Market: by Country
9.9 China Energy Storage Market: Size and Forecast (2017-2027), by Value
9.10 China Energy Storage Market Segmentation - By type and By End User
9.11 Japan Energy Storage Market: Size and Forecast (2017-2027), by Value
9.12 Japan Energy Storage Market Segmentation - By type and By End User
9.13 India Energy Storage Market: Size and Forecast (2017-2027), by Value
9.14 India Energy Storage Market Segmentation - By type and By End User
9.15 Australia Energy Storage Market: Size and Forecast (2017-2027), by Value
9.16 Australia Energy Storage Market Segmentation - By type and By End User
10. Global Energy Storage Market Dynamics
10.1 Drivers
10.2 Restraints
10.3 Trends
11. Market Attractiveness
11.1 Market Attractiveness Chart of Energy Storage Market - By type, 2027
11.2 Market Attractiveness Chart of Energy Storage Market - By End User, 2027
11.3 Market Attractiveness Chart of Energy Storage Market - by Region, 2027
12. Competitive Landscape
12.1 Technological Innovations and Mergers and Acquisitions
12.2 Market Share Analysis
12.3 SWOT Analysis
12.4 Porter Five Analysis
13. Company Analysis
13.1 Tesla Inc.
13.2 Panasonic
13.3 Toshiba
13.4 LG Chem
13.5 GS Yuasa
13.6 BYD
13.7 General Electric
13.8 Fluence Energy
13.9 Powin
13.10 Wartsila
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