By 2031, the cumulative global energy storage deployment is projected to reach 278 gigawatt-hours, up from roughly 40 gigawatt-hours in 2022. The compound annual growth rate of the sector is forecast at approximately 30 percent between 2021 and 2031.
Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031
(in gigawatt-hours)
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Wood Mackenzie. (April 25, 2023). Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758
Wood Mackenzie. "Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours)." Chart. April 25, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758
Wood Mackenzie. (2023). Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758
Wood Mackenzie. "Projected Cumulative Deployment Capacity of Energy Storage Market Worldwide in 2021, with Forecast Figures to 2031 (in Gigawatt-hours)." Statista, Statista Inc., 25 Apr 2023, https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758
Wood Mackenzie, Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) Statista, https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758 (last visited November 22, 2024)
Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) [Graph], Wood Mackenzie, April 25, 2023. [Online]. Available: https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/?source=post%3A1732344458094629758
