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Global Grid Scale Energy Storage Market Research Report 2024
Synopsis
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.
The global Grid Scale Energy Storage 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.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 60% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
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.
Report Scope
The Grid Scale Energy Storage market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and 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 Grid Scale Energy Storage 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 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.
Market Segmentation
By Company
ABB
Beacon Power
Hydrostor
EnerVault
GE
Samsung SDI
S&C Electric
SustainX
Segment by Type
Pumped Hydroelectric Storage System
Thermal Storage
Battery Storage
Compressed Air Energy Storage
Flywheel Storage
Molten Salt Storage
Segment by Application
Mechanical Energy
Chemical Energy
Electrochemical Energy
Thermal Energy
Electromagnetic Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
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 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 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 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.
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.
The global Grid Scale Energy Storage 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.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 60% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
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.
Report Scope
The Grid Scale Energy Storage market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and 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 Grid Scale Energy Storage 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 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.
Market Segmentation
By Company
ABB
Beacon Power
Hydrostor
EnerVault
GE
Samsung SDI
S&C Electric
SustainX
Segment by Type
Pumped Hydroelectric Storage System
Thermal Storage
Battery Storage
Compressed Air Energy Storage
Flywheel Storage
Molten Salt Storage
Segment by Application
Mechanical Energy
Chemical Energy
Electrochemical Energy
Thermal Energy
Electromagnetic Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
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 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 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 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.
Index1 Grid Scale Energy Storage Market Overview
1.1 Product Definition
1.2 Grid Scale Energy Storage Segment by Type
1.2.1 Global Grid Scale Energy Storage Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Pumped Hydroelectric Storage System
1.2.3 Thermal Storage
1.2.4 Battery Storage
1.2.5 Compressed Air Energy Storage
1.2.6 Flywheel Storage
1.2.7 Molten Salt Storage
1.3 Grid Scale Energy Storage Segment by Application
1.3.1 Global Grid Scale Energy Storage Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Mechanical Energy
1.3.3 Chemical Energy
1.3.4 Electrochemical Energy
1.3.5 Thermal Energy
1.3.6 Electromagnetic Energy
1.4 Global Market Growth Prospects
1.4.1 Global Grid Scale Energy Storage Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Grid Scale Energy Storage Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Grid Scale Energy Storage Production Estimates and Forecasts (2019-2030)
1.4.4 Global Grid Scale Energy Storage Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Grid Scale Energy Storage Production Market Share by Manufacturers (2019-2024)
2.2 Global Grid Scale Energy Storage Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Grid Scale Energy Storage, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Grid Scale Energy Storage Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Grid Scale Energy Storage Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Grid Scale Energy Storage, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Grid Scale Energy Storage, Product Offered and Application
2.8 Global Key Manufacturers of Grid Scale Energy Storage, Date of Enter into This Industry
2.9 Grid Scale Energy Storage Market Competitive Situation and Trends
2.9.1 Grid Scale Energy Storage Market Concentration Rate
2.9.2 Global 5 and 10 Largest Grid Scale Energy Storage Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Grid Scale Energy Storage Production by Region
3.1 Global Grid Scale Energy Storage Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Grid Scale Energy Storage Production Value by Region (2019-2030)
3.2.1 Global Grid Scale Energy Storage Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Grid Scale Energy Storage by Region (2025-2030)
3.3 Global Grid Scale Energy Storage Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Grid Scale Energy Storage Production by Region (2019-2030)
3.4.1 Global Grid Scale Energy Storage Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Grid Scale Energy Storage by Region (2025-2030)
3.5 Global Grid Scale Energy Storage Market Price Analysis by Region (2019-2024)
3.6 Global Grid Scale Energy Storage Production and Value, Year-over-Year Growth
3.6.1 North America Grid Scale Energy Storage Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Grid Scale Energy Storage Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Grid Scale Energy Storage Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Grid Scale Energy Storage Production Value Estimates and Forecasts (2019-2030)
4 Grid Scale Energy Storage Consumption by Region
4.1 Global Grid Scale Energy Storage Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Grid Scale Energy Storage Consumption by Region (2019-2030)
4.2.1 Global Grid Scale Energy Storage Consumption by Region (2019-2024)
4.2.2 Global Grid Scale Energy Storage Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Grid Scale Energy Storage Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Grid Scale Energy Storage Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Grid Scale Energy Storage Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Grid Scale Energy Storage Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Grid Scale Energy Storage Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Grid Scale Energy Storage Consumption by Region (2019-2030)
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 Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Grid Scale Energy Storage Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Grid Scale Energy Storage Production by Type (2019-2030)
5.1.1 Global Grid Scale Energy Storage Production by Type (2019-2024)
5.1.2 Global Grid Scale Energy Storage Production by Type (2025-2030)
5.1.3 Global Grid Scale Energy Storage Production Market Share by Type (2019-2030)
5.2 Global Grid Scale Energy Storage Production Value by Type (2019-2030)
5.2.1 Global Grid Scale Energy Storage Production Value by Type (2019-2024)
5.2.2 Global Grid Scale Energy Storage Production Value by Type (2025-2030)
5.2.3 Global Grid Scale Energy Storage Production Value Market Share by Type (2019-2030)
5.3 Global Grid Scale Energy Storage Price by Type (2019-2030)
6 Segment by Application
6.1 Global Grid Scale Energy Storage Production by Application (2019-2030)
6.1.1 Global Grid Scale Energy Storage Production by Application (2019-2024)
6.1.2 Global Grid Scale Energy Storage Production by Application (2025-2030)
6.1.3 Global Grid Scale Energy Storage Production Market Share by Application (2019-2030)
6.2 Global Grid Scale Energy Storage Production Value by Application (2019-2030)
6.2.1 Global Grid Scale Energy Storage Production Value by Application (2019-2024)
6.2.2 Global Grid Scale Energy Storage Production Value by Application (2025-2030)
6.2.3 Global Grid Scale Energy Storage Production Value Market Share by Application (2019-2030)
6.3 Global Grid Scale Energy Storage Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Grid Scale Energy Storage Corporation Information
7.1.2 ABB Grid Scale Energy Storage Product Portfolio
7.1.3 ABB Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Beacon Power
7.2.1 Beacon Power Grid Scale Energy Storage Corporation Information
7.2.2 Beacon Power Grid Scale Energy Storage Product Portfolio
7.2.3 Beacon Power Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Beacon Power Main Business and Markets Served
7.2.5 Beacon Power Recent Developments/Updates
7.3 Hydrostor
7.3.1 Hydrostor Grid Scale Energy Storage Corporation Information
7.3.2 Hydrostor Grid Scale Energy Storage Product Portfolio
7.3.3 Hydrostor Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Hydrostor Main Business and Markets Served
7.3.5 Hydrostor Recent Developments/Updates
7.4 EnerVault
7.4.1 EnerVault Grid Scale Energy Storage Corporation Information
7.4.2 EnerVault Grid Scale Energy Storage Product Portfolio
7.4.3 EnerVault Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.4.4 EnerVault Main Business and Markets Served
7.4.5 EnerVault Recent Developments/Updates
7.5 GE
7.5.1 GE Grid Scale Energy Storage Corporation Information
7.5.2 GE Grid Scale Energy Storage Product Portfolio
7.5.3 GE Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.5.4 GE Main Business and Markets Served
7.5.5 GE Recent Developments/Updates
7.6 Samsung SDI
7.6.1 Samsung SDI Grid Scale Energy Storage Corporation Information
7.6.2 Samsung SDI Grid Scale Energy Storage Product Portfolio
7.6.3 Samsung SDI Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Samsung SDI Main Business and Markets Served
7.6.5 Samsung SDI Recent Developments/Updates
7.7 S&C Electric
7.7.1 S&C Electric Grid Scale Energy Storage Corporation Information
7.7.2 S&C Electric Grid Scale Energy Storage Product Portfolio
7.7.3 S&C Electric Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.7.4 S&C Electric Main Business and Markets Served
7.7.5 S&C Electric Recent Developments/Updates
7.8 SustainX
7.8.1 SustainX Grid Scale Energy Storage Corporation Information
7.8.2 SustainX Grid Scale Energy Storage Product Portfolio
7.8.3 SustainX Grid Scale Energy Storage Production, Value, Price and Gross Margin (2019-2024)
7.8.4 SustainX Main Business and Markets Served
7.7.5 SustainX Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Grid Scale Energy Storage Industry Chain Analysis
8.2 Grid Scale Energy Storage Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Grid Scale Energy Storage Production Mode & Process
8.4 Grid Scale Energy Storage Sales and Marketing
8.4.1 Grid Scale Energy Storage Sales Channels
8.4.2 Grid Scale Energy Storage Distributors
8.5 Grid Scale Energy Storage Customers
9 Grid Scale Energy Storage Market Dynamics
9.1 Grid Scale Energy Storage Industry Trends
9.2 Grid Scale Energy Storage Market Drivers
9.3 Grid Scale Energy Storage Market Challenges
9.4 Grid Scale Energy Storage Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market 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
Published By : QY Research
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