Global battery energy storage market value 2023-2028

Published by Statista Research Department, Oct 22, 2024
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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Release date

June 2023

Region

Worldwide

Survey time period

2023

Special properties

* 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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