Stationary Energy Storage Market Size is valued at 52.8 billion in 2024 and is predicted to reach 447.2 billion by the year 2034 at a 24.0% CAGR during the forecast period for 2025-2034.
Battery storage systems are critical for guaranteeing a consistent and dependable power supply. It is also becoming one of the most important solutions for correctly integrating massive solar and wind renewables into global power systems. They are utilized in many industries to provide ideal connectivity and energy storage.
High-capacity batteries are utilized as a backup source to ensure the stability of the electrical system and to provide power during power outages. Throughout the forecast period, product adoption will be driven by the increasing global usage of renewable energy sources, paired with stringent government regulations to decrease carbon emissions.
However, the volatile investment opportunities across several industrial sectors and the absence of standardization are projected to stymie market expansion. As a result, investors are finding it challenging to invest in grid-scale stationary batteries.
Furthermore, COVID-19 has delayed a wide range of projects, including energy storage and renewable integration, due to severe disruption in supply chains, impeding the expansion of the grid-scale stationary battery sector.
The stationary energy storage market is segmented based on application and battery type. Based on application, the market is segmented as the front of the meter and behind the meter. By battery type, the market is segmented into lithium-ion (Li-ion) batteries, lead acid batteries, redox flow batteries, and sodium sulfur (NaS) batteries.
Lithium-ion batteries are expected to hold a major share of the global Stationary Energy Storage Market in 2024. This is attributed to its longer life cycle than lead-acid. Furthermore, the low cost of these batteries is likely to push the niche market. The sodium-sulfur battery market is predicted to expand due to its safety features and high-temperature stability, making them excellent for grid-scale applications. Further aspects expected to propel the market for sodium sulfur batteries include no self-discharge, quick response time, and long shelf life.
The front-of-the-meter segment is projected to grow at a rapid rate in the global stationary energy storage market. This is due to an increase in the market need for power system flexibility due to power outages or power system breakdowns, which has increased demand for structured systems for a black start.
The North America Stationary Energy Storage Market is expected to register the highest market share in terms of revenue shortly. This can be attributed to the increased investments in expanding power generation capacities coupled with the growing electricity demand, mainly in rural areas. As countries such as China, India, and Japan continue to industrialize, there is a greater emphasis on grid stability and reliable electricity. Furthermore, increased attempts to reduce carbon footprint by updating renewable energy infrastructure will drive market expansion. North America is another important market for grid-scale stationary battery storage.
The region's growth is being driven by increased investment in the repair of aging grid networks, as well as the increased incorporation of renewable energy technology. As one of the biggest energy consumers for grid-scale storage battery systems, the United States has a significant share and dominates the regional market. Furthermore, different states in the country have different emission reduction targets, which benefit the grid-scale stationary storage battery industry. Strong expansion in industrial sectors, together with efforts to ensure grid stability, would boost the region's market outlook.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 52.8 Bn |
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Revenue forecast in 2034 |
USD 447.2 Bn |
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Growth rate CAGR |
CAGR of 24.0% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Application And Battery Type |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; Japan; Brazil; Mexico; The UK; France; Italy; Spain; Japan; India; South Korea; Southeast Asia |
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Competitive Landscape |
Tesla, Duracell Power Center, Durapower Group, Exide Industries, Johnson Controls, Contemporary Amperex Technology Co., Limited (CATL), TOSHIBA CORPORATION, BYD Motors Inc., Panasonic, Hitachi Ltd., Hoppecke Batteries Inc., THE FURUKAWA BATTERY CO. LTD., LG Energy Solutions, SAMSUNG SDI CO., LTD., GS Yuasa International Ltd., ENERSYS., ION Energy Inc., Peak Power, batteries, and 24M. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Stationary Energy Storage Market Snapshot
Chapter 4. Global Stationary Energy Storage Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Lithium-Ion (Li-ion) Battery
5.2.2. Lead Acid Battery
5.2.3. Redox Flow Battery
5.2.4. Sodium Sulfur (NaS) Battery
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
6.2.1. Front of the Meter
6.2.2. Behind the Meter
Chapter 7. Stationary Energy Storage Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.1.3. North America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.2.2. Europe Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.2.3. Europe Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.3.2. Asia Pacific Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.3.3. Asia Pacific Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.4.2. Latin America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.4.3. Latin America Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.5.2. Middle East & Africa Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
7.5.3. Middle East & Africa Stationary Energy Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Tesla
8.2.2. Duracell Power Center
8.2.3. Durapower Group
8.2.4. Exide Industries
8.2.5. Johnson Controls
8.2.6. Contemporary Amperex Technology Co., Limited (CATL)
8.2.7. TOSHIBA CORPORATION
8.2.8. BYD Motors Inc.
8.2.9. Panasonic
8.2.10. Hitachi Ltd.
8.2.11. Hoppecke Batteries Inc.
8.2.12. THE FURUKAWA BATTERY CO. LTD.
8.2.13. LG Energy Solutions
8.2.14. SAMSUNG SDI CO., LTD.
8.2.15. GS Yuasa International Ltd.
8.2.16. ENERSYS.
8.2.17. ION Energy Inc.
8.2.18. Peak Power
8.2.19. GBatteries
8.2.20. 24M
8.2.21. Other Prominent Players
Stationary Energy Storage Market By Application-
Stationary Energy Storage Market By Battery Type-
Stationary Energy Storage Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
