Battery Energy Storage Systems Global Market to Reach $34.1 Billion by 2030: Growing Opportunities for Flow Batteries in Clean Energy Space

Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Battery Energy Storage Systems: Global Strategic Business Report" report has been added to's offering.

The global market for Battery Energy Storage Systems estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$34.1 Billion by 2030, growing at a CAGR of 27.9% over the analysis period 2022-2030.

Battery, one of the segments analyzed in the report, is projected to record 29.5% CAGR and reach US$25.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Other Elements segment is readjusted to a revised 24% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 33.9% CAGR

The Battery Energy Storage Systems market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2030 trailing a CAGR of 33.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.8% and 27.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 25.9% CAGR.

Select Competitors (Total 85 Featured) -

  • ABB Ltd
  • AEG Power Solutions
  • Amara Raja Group
  • BYD Co. Ltd.
  • Delta Electronics, Inc.
  • Exide Industries Limited
  • General Electric Company
  • Hitachi, Ltd.
  • Johnson Controls, Inc.
  • LG Chem Ltd.
  • NEC Corporation
  • Panasonic Corporation
  • Primus Power Corporation
  • Samsung SDI Co., Ltd.
  • Siemens AG
  • Tesla, Inc.
  • The AES Corporation
  • Toshiba Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages427
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.7 Billion
Forecasted Market Value (USD) by 2030$34.1 Billion
Compound Annual Growth Rate28.1%
Regions CoveredGlobal

Key Topics Covered:




  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Disruption to Supply Chains Impacts Battery Materials Market Prospects
  • COVID-19 Crisis Underlines the Need for Sustainable Development
  • A World in the Midst of a Pandemic Throws Energy Demand into Crisis & Leaves Energy Investments in Shambles: Percentage Share of Energy Use Impacted by Lockdowns
  • Total Electrical Energy Stored Over Lifetime (ESOI) of Storage Technology
  • Post Pandemic Period Presents Robust Growth for Energy Storage Technologies
  • Battery Energy Storage Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • An Introduction to Battery Energy Storage Systems
  • The Technologies
  • Key Applications of BESS
  • Global Market Prospects & Outlook
  • Grid Modernization Initiatives Drive the World Battery Energy Storage Systems Market
  • Pandemic Impacts the Market Over the Short Term
  • Analysis by Battery Chemistry
  • World Battery Energy Storage Systems Market by Battery Chemistry (2021 & 2027): Percentage Breakdown of Sales for Lithium-Ion, Flow, Advanced Lead-Acid, and Other Battery Chemistries
  • Analysis by Application
  • World Battery Energy Storage Systems Market by Application (2021 & 2027): Percentage Breakdown of Sales for Utilities, Residential, and Other Applications
  • Regional Analysis
  • World Battery Energy Storage Systems Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Battery Energy Storage Systems Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Rest of World, Canada, USA, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Innovations & Advancements



  • Key Trends Driving the Battery Energy Storage Systems Market
  • Growth of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: A Key Opportunity for Battery Energy Storage Systems
  • Global Energy Production by Energy Source (2017, 2020, 2030 and 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Investment Scenario on Renewable Energy Remains Impacted
  • Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy & Energy Storage Technologies
  • Burgeoning Global Population Propels Demand for Electric Power
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Growing Investments in Renewable Energy to Trigger Growth in Energy Storage Domain
  • Optimization of Plant Efficiency Using Smart Solutions for Energy Storage
  • Established Image of Lithium-ion Batteries to Drive Market Momentum
  • Li-ion Batteries Vs Flow Batteries
  • Flow Batteries: One of the Key Battery Chemistries of BESS
  • World Flow Battery by Geographic Region - Annual Sales in US$ Million for Years 2021 and 2027
  • Growing Opportunities for Flow Batteries in Clean Energy Space
  • New Solar Flow Battery with Increased Energy Conversion Efficiency
  • Pandemic Impact on the Vanadium Redox Battery Market
  • World Vanadium Redox Battery by Geographic Region - Annual Sales in US$ Million for Years 2021 and 2027
  • Vanadium Redox Flow Batteries Face Stiff Challenge in Replacing Li-ion Batteries for Utility-Scale Storage
  • Utilities: The Major End-Use Market for Battery Energy Storage Systems
  • Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
  • Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • Grid Modernization Programs Emphasize Grid Connected Energy Storage
  • Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
  • Smart Grids Elevate the Prospects for BESS
  • Global Market for Smart Grids (in US$ Billion) by Region for the Years 2018 and 2020
  • Residential Applications to Witness Increased Penetration of BESS in the Long Run
  • Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries & BESS Integrated EVCS Market
  • With COVID-19 Pandemic Affecting EV Sales, Prospects Hit for Battery Materials and BESS Market
  • Global Electric Vehicle Sales % Change in 2020
  • Increasing Importance of Batteries in the Modern World Presents Opportunities for Cathode Materials
  • Global Cathode Materials Market by Application (in %) for 2020E
  • Recycling of Battery Systems
  • Challenges Confronting the Global Battery Storage System Market




For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Global Market for Battery Energy Storage Systems

Contact Data