The report analyzes energy storage service market.
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. This report contains market size and forecasts of Energy Storage in global, including the following market information:
Global Energy Storage Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Energy Storage market was valued at US$ 2165.9 million in 2022 and is projected to reach US$ 5222.6 million by 2029, at a CAGR of 13.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Lithium Ion Technology Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Energy Storage include Duke Energy, E.ON, East Penn Manufacturing, EDF Renewable Energy, Fluence Energy, GE Power, Invenergy, LG Chem and Tesla, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Energy Storage companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Energy Storage Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Energy Storage Market Segment Percentages, by Type, 2022 (%)
- Lithium Ion Technology
- Lead Acid Technology
- Sodium Chemistry Technology
- Flow Vanadium Technology
- Flow Zinc Technology
- Others
Global Energy Storage Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Energy Storage Market Segment Percentages, by Application, 2022 (%)
- Residential
- Commercial
- Utility
Global Energy Storage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Energy Storage Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- - US
- - Canada
- - Mexico
- Europe
- - Germany
- - France
- - U.K.
- - Italy
- - Russia
- - Nordic Countries
- - Benelux
- - Rest of Europe
- Asia
- - China
- - Japan
- - South Korea
- - Southeast Asia
- - India
- - Rest of Asia
- South America
- - Brazil
- - Argentina
- - Rest of South America
- Middle East & Africa
- - Turkey
- - Israel
- - Saudi Arabia
- - UAE
- - Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Energy Storage revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Energy Storage revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Duke Energy
- E.ON
- East Penn Manufacturing
- EDF Renewable Energy
- Fluence Energy
- GE Power
- Invenergy
- LG Chem
- Tesla
- ABB
- Johnson Controls
- SolarEdge
- EnerVault
Outline of Major Chapters:
Chapter 1: Introduces the definition of Energy Storage, market overview.
Chapter 2: Global Energy Storage market size in revenue.
Chapter 3: Detailed analysis of Energy Storage company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Energy Storage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Energy Storage Market, Global Outlook and Forecast 2023-2029
Table of Contents
1 Introduction to Research & Analysis Reports
1.1 Energy Storage Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Energy Storage Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Energy Storage Overall Market Size
2.1 Global Energy Storage Market Size: 2022 VS 2029
2.2 Global Energy Storage Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Energy Storage Players in Global Market
3.2 Top Global Energy Storage Companies Ranked by Revenue
3.3 Global Energy Storage Revenue by Companies
3.4 Top 3 and Top 5 Energy Storage Companies in Global Market, by Revenue in 2022
3.5 Global Companies Energy Storage Product Type
3.6 Tier 1, Tier 2 and Tier 3 Energy Storage Players in Global Market
3.6.1 List of Global Tier 1 Energy Storage Companies
3.6.2 List of Global Tier 2 and Tier 3 Energy Storage Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Energy Storage Market Size Markets, 2022 & 2029
4.1.2 Lithium Ion Technology
4.1.3 Lead Acid Technology
4.1.4 Sodium Chemistry Technology
4.1.5 Flow Vanadium Technology
4.1.6 Flow Zinc Technology
4.1.7 Others
4.2 By Type - Global Energy Storage Revenue & Forecasts
4.2.1 By Type - Global Energy Storage Revenue, 2018-2023
4.2.2 By Type - Global Energy Storage Revenue, 2024-2029
4.2.3 By Type - Global Energy Storage Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Energy Storage Market Size, 2022 & 2029
5.1.2 Residential
5.1.3 Commercial
5.1.4 Utility
5.2 By Application - Global Energy Storage Revenue & Forecasts
5.2.1 By Application - Global Energy Storage Revenue, 2018-2023
5.2.2 By Application - Global Energy Storage Revenue, 2024-2029
5.2.3 By Application - Global Energy Storage Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Energy Storage Market Size, 2022 & 2029
6.2 By Region - Global Energy Storage Revenue & Forecasts
6.2.1 By Region - Global Energy Storage Revenue, 2018-2023
6.2.2 By Region - Global Energy Storage Revenue, 2024-2029
6.2.3 By Region - Global Energy Storage Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Energy Storage Revenue, 2018-2029
6.3.2 US Energy Storage Market Size, 2018-2029
6.3.3 Canada Energy Storage Market Size, 2018-2029
6.3.4 Mexico Energy Storage Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Energy Storage Revenue, 2018-2029
6.4.2 Germany Energy Storage Market Size, 2018-2029
6.4.3 France Energy Storage Market Size, 2018-2029
6.4.4 U.K. Energy Storage Market Size, 2018-2029
6.4.5 Italy Energy Storage Market Size, 2018-2029
6.4.6 Russia Energy Storage Market Size, 2018-2029
6.4.7 Nordic Countries Energy Storage Market Size, 2018-2029
6.4.8 Benelux Energy Storage Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Energy Storage Revenue, 2018-2029
6.5.2 China Energy Storage Market Size, 2018-2029
6.5.3 Japan Energy Storage Market Size, 2018-2029
6.5.4 South Korea Energy Storage Market Size, 2018-2029
6.5.5 Southeast Asia Energy Storage Market Size, 2018-2029
6.5.6 India Energy Storage Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Energy Storage Revenue, 2018-2029
6.6.2 Brazil Energy Storage Market Size, 2018-2029
6.6.3 Argentina Energy Storage Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Energy Storage Revenue, 2018-2029
6.7.2 Turkey Energy Storage Market Size, 2018-2029
6.7.3 Israel Energy Storage Market Size, 2018-2029
6.7.4 Saudi Arabia Energy Storage Market Size, 2018-2029
6.7.5 UAE Energy Storage Market Size, 2018-2029
7 Energy Storage Companies Profiles
7.1 Duke Energy
7.1.1 Duke Energy Company Summary
7.1.2 Duke Energy Business Overview
7.1.3 Duke Energy Energy Storage Major Product Offerings
7.1.4 Duke Energy Energy Storage Revenue in Global Market (2018-2023)
7.1.5 Duke Energy Key News & Latest Developments
7.2 E.ON
7.2.1 E.ON Company Summary
7.2.2 E.ON Business Overview
7.2.3 E.ON Energy Storage Major Product Offerings
7.2.4 E.ON Energy Storage Revenue in Global Market (2018-2023)
7.2.5 E.ON Key News & Latest Developments
7.3 East Penn Manufacturing
7.3.1 East Penn Manufacturing Company Summary
7.3.2 East Penn Manufacturing Business Overview
7.3.3 East Penn Manufacturing Energy Storage Major Product Offerings
7.3.4 East Penn Manufacturing Energy Storage Revenue in Global Market (2018-2023)
7.3.5 East Penn Manufacturing Key News & Latest Developments
7.4 EDF Renewable Energy
7.4.1 EDF Renewable Energy Company Summary
7.4.2 EDF Renewable Energy Business Overview
7.4.3 EDF Renewable Energy Energy Storage Major Product Offerings
7.4.4 EDF Renewable Energy Energy Storage Revenue in Global Market (2018-2023)
7.4.5 EDF Renewable Energy Key News & Latest Developments
7.5 Fluence Energy
7.5.1 Fluence Energy Company Summary
7.5.2 Fluence Energy Business Overview
7.5.3 Fluence Energy Energy Storage Major Product Offerings
7.5.4 Fluence Energy Energy Storage Revenue in Global Market (2018-2023)
7.5.5 Fluence Energy Key News & Latest Developments
7.6 GE Power
7.6.1 GE Power Company Summary
7.6.2 GE Power Business Overview
7.6.3 GE Power Energy Storage Major Product Offerings
7.6.4 GE Power Energy Storage Revenue in Global Market (2018-2023)
7.6.5 GE Power Key News & Latest Developments
7.7 Invenergy
7.7.1 Invenergy Company Summary
7.7.2 Invenergy Business Overview
7.7.3 Invenergy Energy Storage Major Product Offerings
7.7.4 Invenergy Energy Storage Revenue in Global Market (2018-2023)
7.7.5 Invenergy Key News & Latest Developments
7.8 LG Chem
7.8.1 LG Chem Company Summary
7.8.2 LG Chem Business Overview
7.8.3 LG Chem Energy Storage Major Product Offerings
7.8.4 LG Chem Energy Storage Revenue in Global Market (2018-2023)
7.8.5 LG Chem Key News & Latest Developments
7.9 Tesla
7.9.1 Tesla Company Summary
7.9.2 Tesla Business Overview
7.9.3 Tesla Energy Storage Major Product Offerings
7.9.4 Tesla Energy Storage Revenue in Global Market (2018-2023)
7.9.5 Tesla Key News & Latest Developments
7.10 ABB
7.10.1 ABB Company Summary
7.10.2 ABB Business Overview
7.10.3 ABB Energy Storage Major Product Offerings
7.10.4 ABB Energy Storage Revenue in Global Market (2018-2023)
7.10.5 ABB Key News & Latest Developments
7.11 Johnson Controls
7.11.1 Johnson Controls Company Summary
7.11.2 Johnson Controls Business Overview
7.11.3 Johnson Controls Energy Storage Major Product Offerings
7.11.4 Johnson Controls Energy Storage Revenue in Global Market (2018-2023)
7.11.5 Johnson Controls Key News & Latest Developments
7.12 SolarEdge
7.12.1 SolarEdge Company Summary
7.12.2 SolarEdge Business Overview
7.12.3 SolarEdge Energy Storage Major Product Offerings
7.12.4 SolarEdge Energy Storage Revenue in Global Market (2018-2023)
7.12.5 SolarEdge Key News & Latest Developments
7.13 EnerVault
7.13.1 EnerVault Company Summary
7.13.2 EnerVault Business Overview
7.13.3 EnerVault Energy Storage Major Product Offerings
7.13.4 EnerVault Energy Storage Revenue in Global Market (2018-2023)
7.13.5 EnerVault Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. Energy Storage Market Opportunities & Trends in Global Market
Table 2. Energy Storage Market Drivers in Global Market
Table 3. Energy Storage Market Restraints in Global Market
Table 4. Key Players of Energy Storage in Global Market
Table 5. Top Energy Storage Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Energy Storage Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Energy Storage Revenue Share by Companies, 2018-2023
Table 8. Global Companies Energy Storage Product Type
Table 9. List of Global Tier 1 Energy Storage Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Energy Storage Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type - Global Energy Storage Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Energy Storage Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Energy Storage Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application - Global Energy Storage Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Energy Storage Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Energy Storage Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region - Global Energy Storage Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Energy Storage Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Energy Storage Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Energy Storage Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Energy Storage Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Energy Storage Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Energy Storage Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Energy Storage Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Energy Storage Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Energy Storage Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Energy Storage Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Energy Storage Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Energy Storage Revenue, (US$, Mn), 2024-2029
Table 30. Duke Energy Company Summary
Table 31. Duke Energy Energy Storage Product Offerings
Table 32. Duke Energy Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 33. Duke Energy Key News & Latest Developments
Table 34. E.ON Company Summary
Table 35. E.ON Energy Storage Product Offerings
Table 36. E.ON Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 37. E.ON Key News & Latest Developments
Table 38. East Penn Manufacturing Company Summary
Table 39. East Penn Manufacturing Energy Storage Product Offerings
Table 40. East Penn Manufacturing Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 41. East Penn Manufacturing Key News & Latest Developments
Table 42. EDF Renewable Energy Company Summary
Table 43. EDF Renewable Energy Energy Storage Product Offerings
Table 44. EDF Renewable Energy Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 45. EDF Renewable Energy Key News & Latest Developments
Table 46. Fluence Energy Company Summary
Table 47. Fluence Energy Energy Storage Product Offerings
Table 48. Fluence Energy Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 49. Fluence Energy Key News & Latest Developments
Table 50. GE Power Company Summary
Table 51. GE Power Energy Storage Product Offerings
Table 52. GE Power Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 53. GE Power Key News & Latest Developments
Table 54. Invenergy Company Summary
Table 55. Invenergy Energy Storage Product Offerings
Table 56. Invenergy Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 57. Invenergy Key News & Latest Developments
Table 58. LG Chem Company Summary
Table 59. LG Chem Energy Storage Product Offerings
Table 60. LG Chem Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 61. LG Chem Key News & Latest Developments
Table 62. Tesla Company Summary
Table 63. Tesla Energy Storage Product Offerings
Table 64. Tesla Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 65. Tesla Key News & Latest Developments
Table 66. ABB Company Summary
Table 67. ABB Energy Storage Product Offerings
Table 68. ABB Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 69. ABB Key News & Latest Developments
Table 70. Johnson Controls Company Summary
Table 71. Johnson Controls Energy Storage Product Offerings
Table 72. Johnson Controls Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 73. Johnson Controls Key News & Latest Developments
Table 74. SolarEdge Company Summary
Table 75. SolarEdge Energy Storage Product Offerings
Table 76. SolarEdge Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 77. SolarEdge Key News & Latest Developments
Table 78. EnerVault Company Summary
Table 79. EnerVault Energy Storage Product Offerings
Table 80. EnerVault Energy Storage Revenue (US$, Mn) & (2018-2023)
Table 81. EnerVault Key News & Latest Developments
List of Figures
Figure 1. Energy Storage Segment by Type in 2022
Figure 2. Energy Storage Segment by Application in 2022
Figure 3. Global Energy Storage Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Energy Storage Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Energy Storage Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Energy Storage Revenue in 2022
Figure 8. By Type - Global Energy Storage Revenue Market Share, 2018-2029
Figure 9. By Application - Global Energy Storage Revenue Market Share, 2018-2029
Figure 10. By Type - Global Energy Storage Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Energy Storage Revenue Market Share, 2018-2029
Figure 12. By Application - Global Energy Storage Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Energy Storage Revenue Market Share, 2018-2029
Figure 14. By Region - Global Energy Storage Revenue Market Share, 2018-2029
Figure 15. By Country - North America Energy Storage Revenue Market Share, 2018-2029
Figure 16. US Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Energy Storage Revenue Market Share, 2018-2029
Figure 20. Germany Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 21. France Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Energy Storage Revenue Market Share, 2018-2029
Figure 28. China Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 32. India Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Energy Storage Revenue Market Share, 2018-2029
Figure 34. Brazil Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Energy Storage Revenue Market Share, 2018-2029
Figure 37. Turkey Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Energy Storage Revenue, (US$, Mn), 2018-2029
Figure 41. Duke Energy Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. E.ON Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. East Penn Manufacturing Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. EDF Renewable Energy Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Fluence Energy Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. GE Power Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Invenergy Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. LG Chem Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Tesla Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. ABB Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Johnson Controls Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. SolarEdge Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 53. EnerVault Energy Storage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
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