The global energy storage system market is forecast to grow steadily between 2024 and 2031 with a compound annual growth rate of approximately nine percent. Energy storage systems worldwide accounted for a market worth 256 billion U.S. dollars in 2023. The figure was projected to reach over 506.5 billion U.S. dollars by 2031. Energy storage systems include pumped hydropower, electrochemical batteries, electromechanical storage, and thermal storage.
More information on the global energy storage system market can be found here.
Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031
(in billion U.S. dollars)
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Extrapolate. (March 15, 2024). Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. "Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars)." Chart. March 15, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. (2024). Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. "Market Size of Energy Storage Systems Worldwide from 2021 to 2023 with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate, Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/ (last visited December 19, 2024)
Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/1395016/energy-storage-market-size-worldwide-forecast/
