Energy Storage Market Share & Forecast 2025–2030: Insights & Drivers

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Jul 11, 2025 - 13:05

Energy Storage Market Share & Forecast 2025–2030: Insights & Drivers

Introduction

The Energy Storage Market is undergoing rapid changes due to evolving technologies, consumer behaviors, and regulatory frameworks. This research report explores essential insights, market trends, and forecasts between 2025 and 2030, offering valuable context for businesses, investors, and decision-makers. It is designed to provide a clear understanding of where the market stands and where it's heading, with the added benefit of downloadable resources and analyst support.

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What This Report Covers

Current Market Size & Forecast (2025–2030)
Key Growth Drivers & Challenges
Latest Trends & Investment Hotspots
Market Segmentation:
Competitive Landscape & Player Analysis
Opportunities, Risks, and Strategic Recommendations

Current Market Status and Future Projections

Energy Storage Market size is valued at nearly USD 58.41 Billion in 2024 & is predicted to reach about USD 114.01 Billion by 2030. Along with this, the market is also estimated to grow at a CAGR of around 14.31% during the forecast period, i.e., 2025-30.

Key Factors Influencing Growth

The market's growth is driven by the increasing support from governments for the adoption of robust & resilient global energy grids. The government initiatives in the energy storage sector are on the rise, underpinned by a surge in policies & regulations. These measures are designed to facilitate the transition from fossil fuels to renewable energy sources, a critical strategy for mitigating climate change & curbing greenhouse gas emissions.

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Breakdown by Segments and Geography

By Type

Battery- Market Size & Forecast 2020-2030, USD Billion
- Lithium-ion Batteries- Market Size & Forecast 2020-2030, USD Billion
- Lead-acid Batteries- Market Size & Forecast 2020-2030, USD Billion
- Redox Flow Batteries- Market Size & Forecast 2020-2030, USD Billion
Pumped Storage Hydropower - Market Size & Forecast 2020-2030, USD Billion
Compressed Air Energy Storage - Market Size & Forecast 2020-2030, USD Billion
Gravity-based Energy Storage - Market Size & Forecast 2020-2030, USD Billion
Liquid Air Energy Storage (LAES) - Market Size & Forecast 2020-2030, USD Billion
Flywheel Energy Storage (FES) - Market Size & Forecast 2020-2030, USD Billion

By End User

Residential- Market Size & Forecast 2020-2030, USD Billion
Commercial - Market Size & Forecast 2020-2030, USD Billion
Utilities- Market Size & Forecast 2020-2030, USD Billion

Pumped Storage Hydropower is poised to dominate a significant portion of the Energy Storage Market in the near future.

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Asia-Pacific region is poised for substantial growth in the Energy Storage Market in the coming years.

Competitive Landscape and Market Positioning

The Energy Storage Market is highly competitive, with both established companies and new entrants contributing to its dynamism. Leading players such as:

Contemporary Amperex Technology Ltd
NextEra Energy
Toshiba Corporation
GS Yuasa Corporation
Siemens
ABB
LG Chem.
Voith GmbH & Co. KGaA
Hitachi Energy
Mitsubishi Electric Corporation
Tesla
Samsung SDI
UniEnergy Technologies, LLC
General Electric
ANDRITZ HYDRO GmbH

are focusing on expanding their product portfolios, enhancing user experiences, and investing in R&D. Recent developments include mergers, acquisitions, strategic partnerships, and geographic expansion. These activities highlight the evolving strategies being adopted to gain market share and respond to shifting consumer needs.

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Strategic Outlook and Analyst Perspective

Looking ahead, the Energy Storage Market is poised for significant transformation. Emerging trends like AI integration, eco-friendly product development, and digitalization are expected to reshape industry dynamics. Analysts recommend that stakeholders keep a close eye on regional shifts, policy developments, and evolving customer preferences. Businesses that remain agile, adopt technology early, and prioritize customer-centric innovation will likely emerge as leaders in this evolving landscape.

Research Methodology We Use

Primary research via expert interviews and surveys
Secondary data from verified industry sources
Top-down & bottom-up estimation
Forecasting using time-series models & triangulation

Key Questions Answered

What is the current market size of Energy Storage Market?
What is the expected growth rate by 2030?
Which segments are gaining the most traction?
What are the major trends and challenges?
Who are the major players, and what are their strategies?
Which region holds the highest growth potential?

Other Report:

About Us – MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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