Energy Storage System Market
Energy Storage System Market - Global Industry Assessment & Forecast
#
Pages:
150
2022
Jun - 2022
VMR-1629
Segments Covered
By
Technology Pumped Hydro Storage, Battery Energy Storage, Compressed Air Energy Storage, Flywheel Energy Storage
-
By
End User Residential, Non-Residential, Utilities
-
By
Application Stationary, Transportation
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 205.90 Billion |
 Revenue 2030:
|
USD 375.49 Billion |
 Revenue CAGR
(2023 - 2030): |
7.80% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Energy Storage System Market by Technology by End User by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Energy Storage System market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
Vantage Market
Research | 06-Jun-2022
FAQ
Frequently Asked Question
What is the global demand for Energy Storage System in terms of revenue?
-
The global Energy Storage System valued at USD 205.90 Billion in 2022 and is expected to reach USD 375.49 Billion in 2030 growing at a CAGR of 7.80%.
Which are the prominent players in the market?
-
The prominent players in the market are Scheider Electric, SMA Solar Technology AG, Exide Industries Ltd., SK Holdings, Autobat SACI, Enerbrax Acumuladores Ltda, Eguana Technologies, Imergy Power Systems., Ionotec Ltd, Tata Power.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Energy Storage System include
- Increasing demand for grid energy storage systems owing to ongoing grid modernization
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Energy Storage System in 2022.
