The global market for Grid Scale Energy Storage System was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Grid-scale energy storage can store cheaper electricity generated during off-peak hours and dispatch it to match higher demand during peak hours. Additionally, grid-scale energy storage can store excess energy that would otherwise be cut back by the utility companies to avoid reliability issues, produced from renewable sources such as photovoltaic (PV) solar and wind.
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 151%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid Scale 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 Grid Scale Energy Storage System.
The Grid Scale Energy Storage System market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Grid Scale 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 Grid Scale Energy Storage System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
麻豆原创 Segmentation
By Company
Samsung SDI
LG Chem
Fluence
Hitachi
LS Energy Solutions
SMA Solar Technology
ABB
General Electric
Primus Power
Panasonic
Lockheed Martin Energy
Eos Energy Storage
NEC Energy Solutions
Sumitomo Electric Industries
Mitsubishi Heavy Industries
EnerSys
Fronius
WindSun Science & Technology
Hainan Jinpan Smart Technology
by Type
Lithium-ion Battery
Lead-acid Battery
Others
by Application
Power Station
Substation
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, 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: Detailed analysis of Grid Scale Energy Storage System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Grid Scale Energy Storage System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Grid Scale Energy Storage System 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Grid Scale Energy Storage System 麻豆原创 Overview
1.1 Product Definition
1.2 Grid Scale Energy Storage System by Type
1.2.1 Global Grid Scale Energy Storage System 麻豆原创 Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Lithium-ion Battery
1.2.3 Lead-acid Battery
1.2.4 Others
1.3 Grid Scale Energy Storage System by Application
1.3.1 Global Grid Scale Energy Storage System 麻豆原创 Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Power Station
1.3.3 Substation
1.3.4 Other
1.4 Global 麻豆原创 Growth Prospects
1.4.1 Global Grid Scale Energy Storage System Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Grid Scale Energy Storage System Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Grid Scale Energy Storage System Production Estimates and Forecasts (2020-2031)
1.4.4 Global Grid Scale Energy Storage System 麻豆原创 Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 麻豆原创 Competition by Manufacturers
2.1 Global Grid Scale Energy Storage System Production 麻豆原创 Share by Manufacturers (2020-2025)
2.2 Global Grid Scale Energy Storage System Production Value 麻豆原创 Share by Manufacturers (2020-2025)
2.3 Global Key Players of Grid Scale Energy Storage System, Industry Ranking, 2023 VS 2024
2.4 Global Grid Scale Energy Storage System 麻豆原创 Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Grid Scale Energy Storage System Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Grid Scale Energy Storage System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Scale Energy Storage System, Product Offered and Application
2.8 Global Key Manufacturers of Grid Scale Energy Storage System, Date of Enter into This Industry
2.9 Grid Scale Energy Storage System 麻豆原创 Competitive Situation and Trends
2.9.1 Grid Scale Energy Storage System 麻豆原创 Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Scale Energy Storage System Players 麻豆原创 Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Scale Energy Storage System Production by Region
3.1 Global Grid Scale Energy Storage System Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Grid Scale Energy Storage System Production Value by Region (2020-2031)
3.2.1 Global Grid Scale Energy Storage System Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Grid Scale Energy Storage System by Region (2026-2031)
3.3 Global Grid Scale Energy Storage System Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Grid Scale Energy Storage System Production Volume by Region (2020-2031)
3.4.1 Global Grid Scale Energy Storage System Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Grid Scale Energy Storage System by Region (2026-2031)
3.5 Global Grid Scale Energy Storage System 麻豆原创 Price Analysis by Region (2020-2025)
3.6 Global Grid Scale Energy Storage System Production and Value, Year-over-Year Growth
3.6.1 North America Grid Scale Energy Storage System Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Grid Scale Energy Storage System Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Grid Scale Energy Storage System Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Grid Scale Energy Storage System Production Value Estimates and Forecasts (2020-2031)
4 Grid Scale Energy Storage System Consumption by Region
4.1 Global Grid Scale Energy Storage System Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Grid Scale Energy Storage System Consumption by Region (2020-2031)
4.2.1 Global Grid Scale Energy Storage System Consumption by Region (2020-2025)
4.2.2 Global Grid Scale Energy Storage System Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Grid Scale Energy Storage System Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Grid Scale Energy Storage System Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Scale Energy Storage System Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Grid Scale Energy Storage System Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Scale Energy Storage System Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Grid Scale Energy Storage System Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Grid Scale Energy Storage System Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Grid Scale Energy Storage System Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Grid Scale Energy Storage System Production by Type (2020-2031)
5.1.1 Global Grid Scale Energy Storage System Production by Type (2020-2025)
5.1.2 Global Grid Scale Energy Storage System Production by Type (2026-2031)
5.1.3 Global Grid Scale Energy Storage System Production 麻豆原创 Share by Type (2020-2031)
5.2 Global Grid Scale Energy Storage System Production Value by Type (2020-2031)
5.2.1 Global Grid Scale Energy Storage System Production Value by Type (2020-2025)
5.2.2 Global Grid Scale Energy Storage System Production Value by Type (2026-2031)
5.2.3 Global Grid Scale Energy Storage System Production Value 麻豆原创 Share by Type (2020-2031)
5.3 Global Grid Scale Energy Storage System Price by Type (2020-2031)
6 Segment by Application
6.1 Global Grid Scale Energy Storage System Production by Application (2020-2031)
6.1.1 Global Grid Scale Energy Storage System Production by Application (2020-2025)
6.1.2 Global Grid Scale Energy Storage System Production by Application (2026-2031)
6.1.3 Global Grid Scale Energy Storage System Production 麻豆原创 Share by Application (2020-2031)
6.2 Global Grid Scale Energy Storage System Production Value by Application (2020-2031)
6.2.1 Global Grid Scale Energy Storage System Production Value by Application (2020-2025)
6.2.2 Global Grid Scale Energy Storage System Production Value by Application (2026-2031)
6.2.3 Global Grid Scale Energy Storage System Production Value 麻豆原创 Share by Application (2020-2031)
6.3 Global Grid Scale Energy Storage System Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Samsung SDI
7.1.1 Samsung SDI Grid Scale Energy Storage System Company Information
7.1.2 Samsung SDI Grid Scale Energy Storage System Product Portfolio
7.1.3 Samsung SDI Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Samsung SDI Main Business and 麻豆原创s Served
7.1.5 Samsung SDI Recent Developments/Updates
7.2 LG Chem
7.2.1 LG Chem Grid Scale Energy Storage System Company Information
7.2.2 LG Chem Grid Scale Energy Storage System Product Portfolio
7.2.3 LG Chem Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.2.4 LG Chem Main Business and 麻豆原创s Served
7.2.5 LG Chem Recent Developments/Updates
7.3 Fluence
7.3.1 Fluence Grid Scale Energy Storage System Company Information
7.3.2 Fluence Grid Scale Energy Storage System Product Portfolio
7.3.3 Fluence Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Fluence Main Business and 麻豆原创s Served
7.3.5 Fluence Recent Developments/Updates
7.4 Hitachi
7.4.1 Hitachi Grid Scale Energy Storage System Company Information
7.4.2 Hitachi Grid Scale Energy Storage System Product Portfolio
7.4.3 Hitachi Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Hitachi Main Business and 麻豆原创s Served
7.4.5 Hitachi Recent Developments/Updates
7.5 LS Energy Solutions
7.5.1 LS Energy Solutions Grid Scale Energy Storage System Company Information
7.5.2 LS Energy Solutions Grid Scale Energy Storage System Product Portfolio
7.5.3 LS Energy Solutions Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.5.4 LS Energy Solutions Main Business and 麻豆原创s Served
7.5.5 LS Energy Solutions Recent Developments/Updates
7.6 SMA Solar Technology
7.6.1 SMA Solar Technology Grid Scale Energy Storage System Company Information
7.6.2 SMA Solar Technology Grid Scale Energy Storage System Product Portfolio
7.6.3 SMA Solar Technology Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.6.4 SMA Solar Technology Main Business and 麻豆原创s Served
7.6.5 SMA Solar Technology Recent Developments/Updates
7.7 ABB
7.7.1 ABB Grid Scale Energy Storage System Company Information
7.7.2 ABB Grid Scale Energy Storage System Product Portfolio
7.7.3 ABB Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.7.4 ABB Main Business and 麻豆原创s Served
7.7.5 ABB Recent Developments/Updates
7.8 General Electric
7.8.1 General Electric Grid Scale Energy Storage System Company Information
7.8.2 General Electric Grid Scale Energy Storage System Product Portfolio
7.8.3 General Electric Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.8.4 General Electric Main Business and 麻豆原创s Served
7.8.5 General Electric Recent Developments/Updates
7.9 Primus Power
7.9.1 Primus Power Grid Scale Energy Storage System Company Information
7.9.2 Primus Power Grid Scale Energy Storage System Product Portfolio
7.9.3 Primus Power Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Primus Power Main Business and 麻豆原创s Served
7.9.5 Primus Power Recent Developments/Updates
7.10 Panasonic
7.10.1 Panasonic Grid Scale Energy Storage System Company Information
7.10.2 Panasonic Grid Scale Energy Storage System Product Portfolio
7.10.3 Panasonic Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Panasonic Main Business and 麻豆原创s Served
7.10.5 Panasonic Recent Developments/Updates
7.11 Lockheed Martin Energy
7.11.1 Lockheed Martin Energy Grid Scale Energy Storage System Company Information
7.11.2 Lockheed Martin Energy Grid Scale Energy Storage System Product Portfolio
7.11.3 Lockheed Martin Energy Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Lockheed Martin Energy Main Business and 麻豆原创s Served
7.11.5 Lockheed Martin Energy Recent Developments/Updates
7.12 Eos Energy Storage
7.12.1 Eos Energy Storage Grid Scale Energy Storage System Company Information
7.12.2 Eos Energy Storage Grid Scale Energy Storage System Product Portfolio
7.12.3 Eos Energy Storage Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Eos Energy Storage Main Business and 麻豆原创s Served
7.12.5 Eos Energy Storage Recent Developments/Updates
7.13 NEC Energy Solutions
7.13.1 NEC Energy Solutions Grid Scale Energy Storage System Company Information
7.13.2 NEC Energy Solutions Grid Scale Energy Storage System Product Portfolio
7.13.3 NEC Energy Solutions Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.13.4 NEC Energy Solutions Main Business and 麻豆原创s Served
7.13.5 NEC Energy Solutions Recent Developments/Updates
7.14 Sumitomo Electric Industries
7.14.1 Sumitomo Electric Industries Grid Scale Energy Storage System Company Information
7.14.2 Sumitomo Electric Industries Grid Scale Energy Storage System Product Portfolio
7.14.3 Sumitomo Electric Industries Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Sumitomo Electric Industries Main Business and 麻豆原创s Served
7.14.5 Sumitomo Electric Industries Recent Developments/Updates
7.15 Mitsubishi Heavy Industries
7.15.1 Mitsubishi Heavy Industries Grid Scale Energy Storage System Company Information
7.15.2 Mitsubishi Heavy Industries Grid Scale Energy Storage System Product Portfolio
7.15.3 Mitsubishi Heavy Industries Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Mitsubishi Heavy Industries Main Business and 麻豆原创s Served
7.15.5 Mitsubishi Heavy Industries Recent Developments/Updates
7.16 EnerSys
7.16.1 EnerSys Grid Scale Energy Storage System Company Information
7.16.2 EnerSys Grid Scale Energy Storage System Product Portfolio
7.16.3 EnerSys Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.16.4 EnerSys Main Business and 麻豆原创s Served
7.16.5 EnerSys Recent Developments/Updates
7.17 Fronius
7.17.1 Fronius Grid Scale Energy Storage System Company Information
7.17.2 Fronius Grid Scale Energy Storage System Product Portfolio
7.17.3 Fronius Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Fronius Main Business and 麻豆原创s Served
7.17.5 Fronius Recent Developments/Updates
7.18 WindSun Science & Technology
7.18.1 WindSun Science & Technology Grid Scale Energy Storage System Company Information
7.18.2 WindSun Science & Technology Grid Scale Energy Storage System Product Portfolio
7.18.3 WindSun Science & Technology Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.18.4 WindSun Science & Technology Main Business and 麻豆原创s Served
7.18.5 WindSun Science & Technology Recent Developments/Updates
7.19 Hainan Jinpan Smart Technology
7.19.1 Hainan Jinpan Smart Technology Grid Scale Energy Storage System Company Information
7.19.2 Hainan Jinpan Smart Technology Grid Scale Energy Storage System Product Portfolio
7.19.3 Hainan Jinpan Smart Technology Grid Scale Energy Storage System Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Hainan Jinpan Smart Technology Main Business and 麻豆原创s Served
7.19.5 Hainan Jinpan Smart Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Scale Energy Storage System Industry Chain Analysis
8.2 Grid Scale Energy Storage System Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Scale Energy Storage System Production Mode & Process Analysis
8.4 Grid Scale Energy Storage System Sales and 麻豆原创ing
8.4.1 Grid Scale Energy Storage System Sales Channels
8.4.2 Grid Scale Energy Storage System Distributors
8.5 Grid Scale Energy Storage System Customer Analysis
9 Grid Scale Energy Storage System 麻豆原创 Dynamics
9.1 Grid Scale Energy Storage System Industry Trends
9.2 Grid Scale Energy Storage System 麻豆原创 Drivers
9.3 Grid Scale Energy Storage System 麻豆原创 Challenges
9.4 Grid Scale Energy Storage System 麻豆原创 Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 麻豆原创 Size Estimation
11.1.3 麻豆原创 Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Samsung SDI
LG Chem
Fluence
Hitachi
LS Energy Solutions
SMA Solar Technology
ABB
General Electric
Primus Power
Panasonic
Lockheed Martin Energy
Eos Energy Storage
NEC Energy Solutions
Sumitomo Electric Industries
Mitsubishi Heavy Industries
EnerSys
Fronius
WindSun Science & Technology
Hainan Jinpan Smart Technology
听
听
*If Applicable.