Report overview
Grid energy storage is a collection of methods used to store electrical energy on a large scale within an electrical power grid. Electrical energy is stored during times when production (especially from intermittent power plants such as renewable electricity sources such as wind power, tidal power, solar power) exceeds consumption, and returned to the grid when production falls below consumption.
This report aims to provide a comprehensive presentation of the global market for Grid Scale 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 Grid Scale Energy Storage. This report contains market size and forecasts of Grid Scale Energy Storage in global, including the following market information:
Global Grid Scale Energy Storage Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Grid Scale Energy Storage Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Grid Scale Energy Storage companies in 2022 (%)
The global Grid Scale Energy Storage 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.
A variety of grid scale energy storage technologies are known to the industry and can be broadly categorized based on the type of energy being stored. Pumped hydro energy storage (PHES) is a well-established energy storage technique; however, because of known challenges, various other energy storage techniques, backed by public and private lending, have surfaced over the last decade. For a market such as energy storage, which is linked to the economy of a country, initiatives related to policy decisions and mass awareness play a key role in the growth. Some countries have introduced reforms / amendments in the policies to encourage the market for energy storage, while others are still debating on it. The White House Summit 2016 is a recent example of such initiatives. At the summit, a range of utility, industry and government storage commitments were highlighted to signify the importance of this subject. Post this, the Federal Energy Regulatory Commission (FERC) started working on re-evaluating some of the policies to encourage energy storage in the US.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Grid Scale Energy Storage manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Grid Scale Energy Storage Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Grid Scale Energy Storage Market Segment Percentages, by Type, 2022 (%)
Pumped Hydroelectric Storage System
Thermal Storage
Battery Storage
Compressed Air Energy Storage
Flywheel Storage
Molten Salt Storage
Global Grid Scale Energy Storage Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Grid Scale Energy Storage Market Segment Percentages, by Application, 2022 (%)
Mechanical Energy
Chemical Energy
Electrochemical Energy
Thermal Energy
Electromagnetic Energy
Global Grid Scale Energy Storage Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Grid Scale 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 Grid Scale Energy Storage revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Grid Scale Energy Storage revenues share in global market, 2022 (%)
Key companies Grid Scale Energy Storage sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Grid Scale Energy Storage sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Beacon Power
Hydrostor
EnerVault
GE
Samsung SDI
S&C Electric
SustainX
Outline of Major Chapters:
Chapter 1: Introduces the definition of Grid Scale Energy Storage, market overview.
Chapter 2: Global Grid Scale Energy Storage market size in revenue and volume.
Chapter 3: Detailed analysis of Grid Scale Energy Storage manufacturers competitive landscape, price, sales and 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: Sales of Grid Scale 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: Global Grid Scale Energy Storage capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
