The estimated market size of the battery energy storage systems worldwide was between 44 and 55 billion U.S. dollars in 2023. This figure was forecast to increase to up to 150 billion U.S. dollars by 2030, with utility scale BESS constituting the largest share of the market in the period under consideration.
Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030
(in billion U.S. dollars)
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McKinsey & Company. (August 2, 2023). Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/
McKinsey & Company. "Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030 (in billion U.S. dollars)." Chart. August 2, 2023. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/
McKinsey & Company. (2023). Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/
McKinsey & Company. "Market Size of Battery Energy Storage Systems (Bess) Worldwide in 2023, with a Forecast until 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Aug 2023, https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/
McKinsey & Company, Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/ (last visited November 20, 2024)
Market size of battery energy storage systems (BESS) worldwide in 2023, with a forecast until 2030 (in billion U.S. dollars) [Graph], McKinsey & Company, August 2, 2023. [Online]. Available: https://www.statista.com/statistics/1246726/global-battery-energy-storage-systems-market-size-forecast/
