Energy Storage Market Size, Status and Forecast 2021-2027

Energy Storage Market Outlook - 2028

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Energy Storage estimated at USD 2437.4 million in the year 2022, is projected to reach a revised size of USD 5350.1 million by 2028, growing at a CAGR of 14.0% during the forecast period 2022-2028.

North American market for Energy Storage is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.

Asia-Pacific market for Energy Storage is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2022 through 2028.

Europe market for Energy Storage is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2022 through 2028.

Energy Storage Market Insights

This report aims to provide a comprehensive presentation of the global market for Energy Storage, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Energy Storage.

The Energy Storage market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Energy Storage market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Energy Storage market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

Energy Storage Market Segments

This report covers the Energy Storage segments by manufacturers, by type, by application, by region and country, and provides market size and CAGR for the history and forecast period (2017-2022, 2023-2028), considering 2021 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

Energy Storage Market Segment By Type

• Lithium Ion Technology
• Lead Acid Technology
• Sodium Chemistry Technology
• Flow Vanadium Technology
• Flow Zinc Technology
• Others

Energy Storage Market 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
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E

Scope of the Energy Storage Market Report

Table of Figures:

List of Tables

Table 1. Global Market Energy Storage Market Size (US$ Million) Comparison by Region 2017 VS 2021 VS 2028

Table 2. Global Energy Storage Market Size by Region (2017-2022) & (US$ Million)

Table 3. Global Energy Storage Market Size Share by Region (2017-2022)

Table 4. Global Energy Storage Forecasted Market Size by Region (2023-2028) & (US$ Million)

Table 5. Global Energy Storage Forecasted Market Size Share by Region (2023-2028)

Table 6. Global Energy Storage Market Size (US$ Million) by Type: 2017 VS 2021 VS 2028

Table 7. Global Energy Storage Market Size by Type (2017-2022) & (US$ Million)

Table 8. Global Energy Storage Revenue Market Share by Type (2017-2022)

Table 9. Global Energy Storage Forecasted Market Size by Type (2023-2028) & (US$ Million)

Table 10. Global Energy Storage Revenue Market Share by Type (2023-2028)

Table 11. Global Energy Storage Market Size (US$ Million) by Application: 2017 VS 2021 VS 2028

Table 12. Global Energy Storage Market Size by Application (2017-2022) & (US$ Million)

Table 13. Global Energy Storage Revenue Market Share by Application (2017-2022)

Table 14. Global Energy Storage Forecasted Market Size by Application (2023-2028) & (US$ Million)

Table 15. Global Energy Storage Revenue Market Share by Application (2023-2028)

Table 16. Global Energy Storage Revenue (US$ Million) by Players (2017-2022)

Table 17. Global Energy Storage Revenue Market Share by Players (2017-2022)

Table 18. Global Top Players Market Share by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Energy Storage as of 2021)

Table 19. Date of Key Players Enter into Energy Storage Market

Table 20. Global Energy Storage Top Players Headquarters and Area Served

Table 21. Energy Storage Product Solution and Service

Table 22. Global Energy Storage Players Market Concentration Ratio (CR5 and HHI)

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Duke Energy Basic Information List

Table 25. Duke Energy Description and Business Overview

Table 26. Duke Energy Energy Storage Products, Services and Solutions

Table 27. Revenue (US$ Million) in Energy Storage Business of Duke Energy (2017-2022)

Table 28. Duke Energy Recent Developments

Table 29. E.ON Basic Information List

Table 30. E.ON Description and Business Overview

Table 31. E.ON Energy Storage Products, Services and Solutions

Table 32. Revenue (US$ Million) in Energy Storage Business of E.ON (2017-2022)

Table 33. E.ON Recent Developments

Table 34. East Penn Manufacturing Basic Information List

Table 35. East Penn Manufacturing Description and Business Overview

Table 36. East Penn Manufacturing Energy Storage Products, Services and Solutions

Table 37. Revenue (US$ Million) in Energy Storage Business of East Penn Manufacturing (2017-2022)

Table 38. East Penn Manufacturing Recent Developments

Table 39. EDF Renewable Energy Basic Information List

Table 40. EDF Renewable Energy Description and Business Overview

Table 41. EDF Renewable Energy Energy Storage Products, Services and Solutions

Table 42. Revenue (US$ Million) in Energy Storage Business of EDF Renewable Energy (2017-2022)

Table 43. EDF Renewable Energy Recent Developments

Table 44. Fluence Energy Basic Information List

Table 45. Fluence Energy Description and Business Overview

Table 46. Fluence Energy Energy Storage Products, Services and Solutions

Table 47. Revenue (US$ Million) in Energy Storage Business of Fluence Energy (2017-2022)

Table 48. Fluence Energy Recent Developments

Table 49. GE Power Basic Information List

Table 50. GE Power Description and Business Overview

Table 51. GE Power Energy Storage Products, Services and Solutions

Table 52. Revenue (US$ Million) in Energy Storage Business of GE Power (2017-2022)

Table 53. GE Power Recent Developments

Table 54. Invenergy Basic Information List

Table 55. Invenergy Description and Business Overview

Table 56. Invenergy Energy Storage Products, Services and Solutions

Table 57. Revenue (US$ Million) in Energy Storage Business of Invenergy (2017-2022)

Table 58. Invenergy Recent Developments

Table 59. LG Chem Basic Information List

Table 60. LG Chem Description and Business Overview

Table 61. LG Chem Energy Storage Products, Services and Solutions

Table 62. Revenue (US$ Million) in Energy Storage Business of LG Chem (2017-2022)

Table 63. LG Chem Recent Developments

Table 64. Tesla Basic Information List

Table 65. Tesla Description and Business Overview

Table 66. Tesla Energy Storage Products, Services and Solutions

Table 67. Revenue (US$ Million) in Energy Storage Business of Tesla (2017-2022)

Table 68. Tesla Recent Developments

Table 69. ABB Basic Information List

Table 70. ABB Description and Business Overview

Table 71. ABB Energy Storage Products, Services and Solutions

Table 72. Revenue (US$ Million) in Energy Storage Business of ABB (2017-2022)

Table 73. ABB Recent Developments

Table 74. Johnson Controls Basic Information List

Table 75. Johnson Controls Description and Business Overview

Table 76. Johnson Controls Energy Storage Products, Services and Solutions

Table 77. Revenue (US$ Million) in Energy Storage Business of Johnson Controls (2017-2022)

Table 78. Johnson Controls Recent Developments

Table 79. SolarEdge Basic Information List

Table 80. SolarEdge Description and Business Overview

Table 81. SolarEdge Energy Storage Products, Services and Solutions

Table 82. Revenue (US$ Million) in Energy Storage Business of SolarEdge (2017-2022)

Table 83. SolarEdge Recent Developments

Table 84. EnerVault Basic Information List

Table 85. EnerVault Description and Business Overview

Table 86. EnerVault Energy Storage Products, Services and Solutions

Table 87. Revenue (US$ Million) in Energy Storage Business of EnerVault (2017-2022)

Table 88. EnerVault Recent Developments

Table 89. North America Energy Storage Market Size by Country (2017-2022) & (US$ Million)

Table 90. North America Energy Storage Market Size by Country (2023-2028) & (US$ Million)

Table 91. Europe Energy Storage Market Size by Country (2017-2022) & (US$ Million)

Table 92. Europe Energy Storage Market Size by Country (2023-2028) & (US$ Million)

Table 93. Asia-Pacific Energy Storage Market Size by Region (2017-2022) & (US$ Million)

Table 94. Asia-Pacific Energy Storage Market Size by Region (2023-2028) & (US$ Million)

Table 95. Asia-Pacific Energy Storage Market Share by Region (2017-2022)

Table 96. Asia-Pacific Energy Storage Market Share by Region (2023-2028)

Table 97. Latin America Energy Storage Market Size by Country (2017-2022) & (US$ Million)

Table 98. Latin America Energy Storage Market Size by Country (2023-2028) & (US$ Million)

Table 99. Middle East & Africa Energy Storage Market Size by Country (2017-2022) & (US$ Million)

Table 100. Middle East & Africa Energy Storage Market Size by Country (2023-2028) & (US$ Million)

Table 101. Energy Storage Market Trends

Table 102. Energy Storage Market Drivers

Table 103. Energy Storage Market Challenges

Table 104. Energy Storage Market Restraints

Table 105. Research Programs/Design for This Report

Table 106. Key Data Information from Secondary Sources

Table 107. Key Data Information from Primary Sources

List of Figures

Figure 1. Global Energy Storage Market Size Year-over-Year 2017-2028 & (US$ Million)

Figure 2. Global Energy Storage Market Size (US$ Million), 2017 VS 2021 VS 2028

Figure 3. Global Energy Storage Market Share by Regions: 2021 VS 2028

Figure 4. Global Energy Storage Forecasted Market Size Share by Region (2023-2028)

Figure 5. North America Energy Storage Market Size Growth Rate (2017-2028) & (US$ Million)

Figure 6. Europe Energy Storage Market Size Growth Rate (2017-2028) & (US$ Million)

Figure 7. Asia-Pacific Energy Storage Market Size Growth Rate (2017-2028) & (US$ Million)

Figure 8. Latin America Energy Storage Market Size Growth Rate (2017-2028) & (US$ Million)

Figure 9. Middle East & Africa Energy Storage Market Size Growth Rate (2017-2028) & (US$ Million)

Figure 10. Global Energy Storage Market Size Share by Type in 2021 & 2028

Figure 11. Lithium Ion Technology Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 12. Lead Acid Technology Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 13. Sodium Chemistry Technology Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 14. Flow Vanadium Technology Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 15. Flow Zinc Technology Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 16. Others Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 17. Global Energy Storage Market Size Share by Application in 2021 & 2028

Figure 18. Residential Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 19. Commercial Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 20. Utility Market Size (US$ Million) & YoY Growth (2017-2028)

Figure 21. Energy Storage Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2017 VS 2021

Figure 22. Global Top 5 and Top 10 Players Energy Storage Market Share in 2021

Figure 23. North America Energy Storage Market Share by Country (2017-2028)

Figure 24. United States Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 25. Canada Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 26. Germany Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 27. France Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 28. UK Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 29. Italy Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 30. Russia Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 31. Asia-Pacific Energy Storage Market Share by Region (2017-2028)

Figure 32. China Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 33. Japan Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 34. South Korea Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 35. India Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 36. Australia Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 37. China Taiwan Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 38. Indonesia Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 39. Latin America Energy Storage Market Share by Country (2017-2028)

Figure 40. Mexico Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 41. Brazil Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 42. Argentina Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 43. Middle East & Africa Energy Storage Market Share by Country (2017-2028)

Figure 44. Turkey Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 45. Saudi Arabia Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 46. UAE Energy Storage Market Size (2017-2028) & (US$ Million)

Figure 47. Bottom-up and Top-down Approaches for This Report

Figure 48. Data Triangulation