Global Energy Storage Market Overview: 2025-2030

Base Year: 2024

Historical Years:  2020-23

Forecast Years: 2025-2030

The Global Energy Storage Market size is valued at nearly USD 58.41 Billion in 2025 & is predicted to reach about USD 114.01 Billion by 2030. Along with this, the market is also estimated to grow at a CAGR of around 14.31% during the forecast period, i.e., 2025-30. The Global Energy Storage Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Global Energy Storage Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Global Energy Storage Market drivers, barriers, Global Energy Storage Market Trends, and Key Players in Global Energy Storage Market.

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Global Energy Storage Market Dynamics: 2025-2030

Global Energy Storage Market Driver:

Growing Adoption of Renewable Energy Storage – The Energy Storage Market has been significantly propelled by the expanding adoption of renewable energy sources, notably solar & wind, in recent years. The intermittent nature of these renewable sources necessitates the usage of energy storage systems to capture surplus energy during periods of high generation & release it when demand peaks, ensuring a more dependable & consistent supply of renewable energy. The growing prevalence of renewable energy sources, marked by their intermittency & variability, has resulted in a supplemented need for energy storage solutions.

Moreover, the integration of large-scale renewable energy into power grids has introduced challenges related to grid stability, voltage control, and frequency regulation. Energy storage systems offer a viable solution by allowing grid operators to mitigate fluctuations in power generation and consumption, thereby enhancing grid stability and facilitating the seamless integration of renewables. As Europe, the Middle East, and the Asia-Pacific region embark on ambitious renewable energy projects to meet their clean energy targets, the demand for energy storage systems is expected to witness a notable upswing in the forecast period.

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Global Energy Storage Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type

-Battery- Market Size & Forecast 2019-2030, USD Billion

-Lithium-ion Batteries- Market Size & Forecast 2019-2030, USD Billion

-Lead-acid Batteries- Market Size & Forecast 2019-2030, USD Billion

-Redox Flow Batteries- Market Size & Forecast 2019-2030, USD Billion

-Pumped Storage Hydropower - Market Size & Forecast 2019-2030, USD Billion

-Compressed Air Energy Storage - Market Size & Forecast 2019-2030, USD Billion

-Gravity-based Energy Storage - Market Size & Forecast 2019-2030, USD Billion

-Liquid Air Energy Storage (LAES) - Market Size & Forecast 2019-2030, USD Billion

-Flywheel Energy Storage (FES) - Market Size & Forecast 2019-2030, USD Billion

By End User

-Residential- Market Size & Forecast 2019-2030, USD Billion

-Commercial - Market Size & Forecast 2019-2030, USD Billion

-Utilities- Market Size & Forecast 2019-2030, USD Billion

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Global Energy Storage Market:

Contemporary Amperex Technology Ltd, NextEra Energy, Toshiba Corporation, GS Yuasa Corporation, Siemens, ABB, LG Chem., Voith GmbH & Co. KGaA, Hitachi Energy, Mitsubishi Electric Corporation, Tesla, Samsung SDI, UniEnergy Technologies, LLC, General Electric, ANDRITZ HYDRO GmbH, Others.

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