Engineering, Procurement, and Construction (EPC) services for the design, procurement, and construction of energy storage systems, such as batteries or capacitors.
The global EPC for Energy Storage System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 109%.
This report aims to provide a comprehensive presentation of the global market for EPC for Energy Storage System, 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 EPC for Energy Storage System.
Report Scope
The EPC for Energy Storage System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global EPC for Energy Storage System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
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.
The report will help the EPC for Energy Storage System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Âé¶¹Ô´´ Segmentation
By Company
Mortenson
Swinerton
Quanta/Blattner
McCarthy
Nextera
TRC Companies
Black & Veatch
DEPCOM Power
Primoris Renewable Energy
Segment by Type
Short-term Energy Storage Integrators
Long-term Energy Storage Integrators
Segment by Application
Commercial
Residential
Utility
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of EPC for Energy Storage System companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global EPC for Energy Storage System Âé¶¹Ô´´ Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Short-term Energy Storage Integrators
1.2.3 Long-term Energy Storage Integrators
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global EPC for Energy Storage System Âé¶¹Ô´´ Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Commercial
1.3.3 Residential
1.3.4 Utility
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global EPC for Energy Storage System Âé¶¹Ô´´ Perspective (2019-2030)
2.2 EPC for Energy Storage System Growth Trends by Region
2.2.1 Global EPC for Energy Storage System Âé¶¹Ô´´ Size by Region: 2019 VS 2023 VS 2030
2.2.2 EPC for Energy Storage System Historic Âé¶¹Ô´´ Size by Region (2019-2024)
2.2.3 EPC for Energy Storage System Forecasted Âé¶¹Ô´´ Size by Region (2025-2030)
2.3 EPC for Energy Storage System Âé¶¹Ô´´ Dynamics
2.3.1 EPC for Energy Storage System Industry Trends
2.3.2 EPC for Energy Storage System Âé¶¹Ô´´ Drivers
2.3.3 EPC for Energy Storage System Âé¶¹Ô´´ Challenges
2.3.4 EPC for Energy Storage System Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top EPC for Energy Storage System Players by Revenue
3.1.1 Global Top EPC for Energy Storage System Players by Revenue (2019-2024)
3.1.2 Global EPC for Energy Storage System Revenue Âé¶¹Ô´´ Share by Players (2019-2024)
3.2 Global EPC for Energy Storage System Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by EPC for Energy Storage System Revenue
3.4 Global EPC for Energy Storage System Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global EPC for Energy Storage System Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by EPC for Energy Storage System Revenue in 2023
3.5 EPC for Energy Storage System Key Players Head office and Area Served
3.6 Key Players EPC for Energy Storage System Product Solution and Service
3.7 Date of Enter into EPC for Energy Storage System Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 EPC for Energy Storage System Breakdown Data by Type
4.1 Global EPC for Energy Storage System Historic Âé¶¹Ô´´ Size by Type (2019-2024)
4.2 Global EPC for Energy Storage System Forecasted Âé¶¹Ô´´ Size by Type (2025-2030)
5 EPC for Energy Storage System Breakdown Data by Application
5.1 Global EPC for Energy Storage System Historic Âé¶¹Ô´´ Size by Application (2019-2024)
5.2 Global EPC for Energy Storage System Forecasted Âé¶¹Ô´´ Size by Application (2025-2030)
6 North America
6.1 North America EPC for Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
6.2 North America EPC for Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
6.4 North America EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe EPC for Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
7.2 Europe EPC for Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
7.4 Europe EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific EPC for Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
8.2 Asia-Pacific EPC for Energy Storage System Âé¶¹Ô´´ Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific EPC for Energy Storage System Âé¶¹Ô´´ Size by Region (2019-2024)
8.4 Asia-Pacific EPC for Energy Storage System Âé¶¹Ô´´ Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America EPC for Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
9.2 Latin America EPC for Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
9.4 Latin America EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa EPC for Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
10.2 Middle East & Africa EPC for Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
10.4 Middle East & Africa EPC for Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Mortenson
11.1.1 Mortenson Company Detail
11.1.2 Mortenson Business Overview
11.1.3 Mortenson EPC for Energy Storage System Introduction
11.1.4 Mortenson Revenue in EPC for Energy Storage System Business (2019-2024)
11.1.5 Mortenson Recent Development
11.2 Swinerton
11.2.1 Swinerton Company Detail
11.2.2 Swinerton Business Overview
11.2.3 Swinerton EPC for Energy Storage System Introduction
11.2.4 Swinerton Revenue in EPC for Energy Storage System Business (2019-2024)
11.2.5 Swinerton Recent Development
11.3 Quanta/Blattner
11.3.1 Quanta/Blattner Company Detail
11.3.2 Quanta/Blattner Business Overview
11.3.3 Quanta/Blattner EPC for Energy Storage System Introduction
11.3.4 Quanta/Blattner Revenue in EPC for Energy Storage System Business (2019-2024)
11.3.5 Quanta/Blattner Recent Development
11.4 McCarthy
11.4.1 McCarthy Company Detail
11.4.2 McCarthy Business Overview
11.4.3 McCarthy EPC for Energy Storage System Introduction
11.4.4 McCarthy Revenue in EPC for Energy Storage System Business (2019-2024)
11.4.5 McCarthy Recent Development
11.5 Nextera
11.5.1 Nextera Company Detail
11.5.2 Nextera Business Overview
11.5.3 Nextera EPC for Energy Storage System Introduction
11.5.4 Nextera Revenue in EPC for Energy Storage System Business (2019-2024)
11.5.5 Nextera Recent Development
11.6 TRC Companies
11.6.1 TRC Companies Company Detail
11.6.2 TRC Companies Business Overview
11.6.3 TRC Companies EPC for Energy Storage System Introduction
11.6.4 TRC Companies Revenue in EPC for Energy Storage System Business (2019-2024)
11.6.5 TRC Companies Recent Development
11.7 Black & Veatch
11.7.1 Black & Veatch Company Detail
11.7.2 Black & Veatch Business Overview
11.7.3 Black & Veatch EPC for Energy Storage System Introduction
11.7.4 Black & Veatch Revenue in EPC for Energy Storage System Business (2019-2024)
11.7.5 Black & Veatch Recent Development
11.8 DEPCOM Power
11.8.1 DEPCOM Power Company Detail
11.8.2 DEPCOM Power Business Overview
11.8.3 DEPCOM Power EPC for Energy Storage System Introduction
11.8.4 DEPCOM Power Revenue in EPC for Energy Storage System Business (2019-2024)
11.8.5 DEPCOM Power Recent Development
11.9 Primoris Renewable Energy
11.9.1 Primoris Renewable Energy Company Detail
11.9.2 Primoris Renewable Energy Business Overview
11.9.3 Primoris Renewable Energy EPC for Energy Storage System Introduction
11.9.4 Primoris Renewable Energy Revenue in EPC for Energy Storage System Business (2019-2024)
11.9.5 Primoris Renewable Energy Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Mortenson
Swinerton
Quanta/Blattner
McCarthy
Nextera
TRC Companies
Black & Veatch
DEPCOM Power
Primoris Renewable Energy
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*If Applicable.