The global battery storage market was dominated by lithium-based batteries in 2023. Lithium-ion batteries alone made up over 75 percent of the battery market that year. Sodium-based battery constituted less than four percent of the market, but presented several advantages when compared to lithium ones.
Distribution of battery energy storage market worldwide in 2023, by technology
Characteristic
Share by technology
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Energy Monitor. (August 7, 2024). Distribution of battery energy storage market worldwide in 2023, by technology [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/
Energy Monitor. "Distribution of battery energy storage market worldwide in 2023, by technology." Chart. August 7, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/
Energy Monitor. (2024). Distribution of battery energy storage market worldwide in 2023, by technology. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/
Energy Monitor. "Distribution of Battery Energy Storage Market Worldwide in 2023, by Technology." Statista, Statista Inc., 7 Aug 2024, https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/
Energy Monitor, Distribution of battery energy storage market worldwide in 2023, by technology Statista, https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/ (last visited August 24, 2024)
Distribution of battery energy storage market worldwide in 2023, by technology [Graph], Energy Monitor, August 7, 2024. [Online]. Available: https://www.statista.com/statistics/1484402/battery-storage-technology-market-share-world/