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The report analyzes energy storage service market.
LPI (LP Information)' newest research report, the "Energy Storage Industry Forecast" looks at past sales and reviews total world Energy Storage sales in 2022, providing a comprehensive analysis by region and market sector of projected Energy Storage sales for 2023 through 2029. With Energy Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Energy Storage industry.
This Insight Report provides a comprehensive analysis of the global Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Energy Storage market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Energy Storage.
The global Energy Storage market size is projected to grow from US$ 2059.2 million in 2022 to US$ 5320.5 million in 2029; it is expected to grow at a CAGR of 14.5% from 2023 to 2029.
United States market for Energy Storage is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Energy Storage is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Energy Storage is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Energy Storage players cover Duke Energy, E.ON, East Penn Manufacturing, EDF Renewable Energy, Fluence Energy, GE Power, Invenergy, LG Chem and Tesla, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Lithium Ion Technology
- Lead Acid Technology
- Sodium Chemistry Technology
- Flow Vanadium Technology
- Flow Zinc Technology
- Others
Segmentation by application
- Residential
- Commercial
- Utility
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Duke Energy
- E.ON
- East Penn Manufacturing
- EDF Renewable Energy
- Fluence Energy
- GE Power
- Invenergy
- LG Chem
- Tesla
- ABB
- Johnson Controls
- SolarEdge
- EnerVault