Report overview
A gravity battery is a type of energy storage device that stores gravitational energy, the energy stored in an object resulting from a change in height due to gravity, also called potential energy. A gravity battery works by using excess energy from the grid to raise a mass to generate gravitational potential energy, which is then dropped to convert potential energy into electricity through an electric generator. Energy generated from a gravity battery is a form of sustainable energy. One form of a gravity battery is one that lowers a mass, such as a block of concrete, to generate electricity.
This report aims to provide a comprehensive presentation of the global market for Gravity Energy Storage Systems, 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 Gravity Energy Storage Systems. This report contains market size and forecasts of Gravity Energy Storage Systems in global, including the following market information:
Global Gravity Energy Storage Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Gravity Energy Storage Systems market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
At present, Energy Vault's standard 35MWH gravity energy storage system is mainly used in this market, but in fact products of 1-80MWH can be produced. Specific specifications will appear in more varieties in the next few years with different usage requirements. The main manufacturers of Gravity energy storage systems are Energy Vault, Heindl Energy, Advanced Rail, Energy Storage and Gravitricity. These systems are very suitable for large-scale energy storage such as public utilities, especially suitable for more remote areas. According to statistics, 45% of the world's land can be built with this kind of energy storage system. And because of the use of building materials such as concrete as raw materials, it has the conditions for sustainable development and has a longer energy storage life than chemical batteries.
We surveyed the Gravity Energy Storage Systems 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 Gravity Energy Storage Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Gravity Energy Storage Systems Market Segment Percentages, by Type, 2022 (%)
Below 100 MWh
Above 100 MWh
Global Gravity Energy Storage Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Gravity Energy Storage Systems Market Segment Percentages, by Application, 2022 (%)
Utilities
Others
Global Gravity Energy Storage Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Gravity Energy Storage Systems 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 Gravity Energy Storage Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Gravity Energy Storage Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Energy Vault
Heindl Energy
Advanced Rail Energy Storage
Gravitricity
Outline of Major Chapters:
Chapter 1: Introduces the definition of Gravity Energy Storage Systems, market overview.
Chapter 2: Global Gravity Energy Storage Systems market size in revenue.
Chapter 3: Detailed analysis of Gravity Energy Storage Systems 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 Gravity Energy Storage Systems 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.
