The global battery energy storage market was estimated at roughly 5.4 billion U.S. dollars in 2022 and it was expected to surpass 17.5 billion U.S. dollars in 2028. The Asia-Pacific region is expected to boast the largest battery storage market in 2026.
Forecast battery energy storage market value worldwide from 2023 to 2028
(in billion U.S. dollars)
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Market value in billion U.S. dollars
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* Estimate ** Starting from this year, figures are forecasts.
Supplementary notes
For the Statista estimate an exponential development of the values between 2023 and 2028 was assumed to estimate the annual values. The values for 2023 and 2028 were provided by the source.
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Research and Markets, & Statista. (June 15, 2023). Forecast battery energy storage market value worldwide from 2023 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/
Research and Markets, und Statista. "Forecast battery energy storage market value worldwide from 2023 to 2028 (in billion U.S. dollars)." Chart. June 15, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/
Research and Markets, Statista. (2023). Forecast battery energy storage market value worldwide from 2023 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/
Research and Markets, and Statista. "Forecast Battery Energy Storage Market Value Worldwide from 2023 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jun 2023, https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/
Research and Markets & Statista, Forecast battery energy storage market value worldwide from 2023 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/ (last visited August 25, 2024)
Forecast battery energy storage market value worldwide from 2023 to 2028 (in billion U.S. dollars) [Graph], Research and Markets, & Statista, June 15, 2023. [Online]. Available: https://www.statista.com/statistics/1307133/forecast-battery-energy-storage-market-value/
