Market Study on Energy Storage: Rising Popularity of Electric Vehicles and Shift Towards Renewable Energy Sources to Fuel Energy Storage Demand Globally!

Publish Date: Mar 2023

Report Code: PMR2361A

Publisher: Persistence Market Research

Single User License: $4900

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Report Highlights

Energy Storage Market: Global Industry Analysis from 2018 to 2022 and Opportunity Assessment from 2023 to 2033

A recent market study published by Persistence Market Research on the energy storage market offers a global industry analysis from 2018 to 2022 and an opportunity assessment from 2023 to 2033. The study offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

Market Segmentation

The global energy storage market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Type

  • Batteries
  • Pumped-storage Hydroelectricity
  • Thermal Energy Storage
  • Flywheel Energy Storage

By Application

  • Residential
  • Commercial and Industrial

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Report Chapters

Chapter 01 - Executive Summary

The executive summary of the energy storage market includes the global market analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global energy storage market.

Chapter 02 – Market Overview

Readers can find the detailed segmentation and definition of the energy storage market in this chapter, which will help them understand basic information about energy storage market. This section also highlights the inclusions and exclusions, which help the reader to understand the scope of the energy storage market report.

Chapter 03 – Market Background

The associated industry assessment of the energy storage market is carried out in this section. In addition, this chapter explains key macroeconomic factors that are expected to influence the growth of the energy storage market over the forecast period. Along with macroeconomic factors, this section also highlights opportunity analysis, social media sentiment analysis, and behavior analysis for the market. It provides key market dynamics of the energy storage market, which include drivers, restraints, and opportunities.

Chapter 04 – Global Energy Storage Market Demand Analysis from 2018 to 2022 and forecast, from 2023 to 2033

This section provides a detailed analysis of the historical custom energy storage market value, along with an opportunity analysis of the future. Readers can also find the incremental opportunity for the current year (2023) and an absolute opportunity for the forecast period (2023 to 2033).

Chapter 05 – Global Energy Storage Market Analysis from 2018 to 2022 and forecast from 2023 to 2033, By Type

Based on type, the energy storage market is segmented into batteries, pumped storage, thermal energy storage, and flywheel energy storage. In this chapter, readers can find market attractiveness analysis, based on type.

Chapter 06 – Global Energy Storage Market Analysis from 2018 to 2022 and Forecast from 2023 to 2033, by Application

This chapter provides details about the energy storage market based on an application that is segmented into residential, and commercial & industrial. In this chapter, readers can find market attractiveness analysis, based on application.

Chapter 07 – Global Energy Storage Market Analysis from 2018 to 2022 and Opportunity Assessment from 2023 to 2033 by Region

This chapter explains how the energy storage market will grow across various geographic regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Chapter 08 – North America Energy Storage Market Analysis from 2018 to 2022 and Forecast from 2023 to 2033

This chapter includes a detailed analysis of the growth of the energy storage market in the North American region, along with a country-wise assessment that includes the USA and Canada. Readers can also find regional trends, opportunities, and market growth in the North American region.

Chapter 09 – Latin America Energy Storage Market Analysis from 2018 to 2022 and Forecast from 2023 to 2033

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the energy storage market in the Latin America region. This chapter also includes growth prospects of the energy storage market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Chapter 10 – Europe Energy Storage Market Analysis from 2018 to 2022 and forecast from 2023 to 2033

Important growth prospects of the energy storage market in several countries such as Germany, Italy, France, the United Kingdom, Spain, Belgium, and the Rest of Europe are included in this chapter.

Chapter 11 –Asia Pacific Energy Storage Market Analysis from 2018 to 2022 and forecast from 2023 to 2033

This chapter includes a detailed analysis of the growth of the energy storage market in the Asia Pacific region, along with a country-wise assessment that includes China, Japan, South Korea, India, Australia, and the rest of Asia Pacific. Readers can also find regional trends, restraints, and market growth of countries in the Asia Pacific region.

Chapter 12 – Middle East and Africa Energy Storage Market Analysis from 2018 to 2022 and Forecast from 2023 to 2033

This chapter offers insights into how the energy storage market is expected to grow in major countries in the Middle East & Africa region such as South Africa, Saudi Arabia, United Arab Emirates, and the Rest of Middle East & Africa, during the forecast period 2023 to 2033.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2023-2033
Units considered $ Million
Segments covered By Type, By Application, By Region
Industry covered Semiconductor Electronics
Countries covered North America, Latin America, Europe, Asia Pacific, The Middle East & Africa
Companies studied
  • GS Yuasa Corporation
  • General Electric Company
  • Contemporary Amperex Technology Co. Limited
  • BYD Co. Ltd
  • UniEnergy Technologies, LLC
  • Clarios
  • Tesla Inc.
  • AES Corporation
  • Sulzer Ltd.
  • Voith GmbH

Chapter 13 – Key Countries Energy Storage Market Analysis

This chapter offers insights into how the energy storage market is expected to grow in key countries such as the USA, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, Belgium, China, Japan, South Korea, India, Australia, Saudi Arabia, South Africa, and United Arab Emirates during the forecast period from 2023 to 2033.

Chapter 14 – Market Structure Analysis

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the energy storage market along with their market presence analysis by region and product portfolio.

Chapter 15 – Competition Analysis

In this chapter, readers can find a comprehensive list of manufacturers/players in the energy storage market, along with detailed information about each company, which includes a company overview, revenue shares, a strategic overview, and recent company developments. Few of the market players featured in the report are GS Yuasa Corporation, Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, UniEnergy Technologies, LLC, Clarios, Tesla Inc., AES Corporation, General Electric Company, Sulzer Ltd., Voith GmbH

Chapter 16 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base for the information and statistics included in the energy storage market report.

Chapter 17 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on energy storage market.

  • Table 1 : Global Energy Storage Market Value (US$ Million) Forecast by Region, 2018 to 2033
  • Table 2 : Global Energy Storage Market Volume (kW) Forecast by Region, 2018 to 2033
  • Table 3 : Global Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 4 : Global Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 5 : Global Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 6 : Global Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Table 7 : North America Energy Storage Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 8 : North America Energy Storage Market Volume (kW) Forecast by Country, 2018 to 2033
  • Table 9 : North America Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 10 : North America Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 11 : North America Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 12 : North America Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Table 13 : Latin America Energy Storage Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 14 : Latin America Energy Storage Market Volume (kW) Forecast by Country, 2018 to 2033
  • Table 15 : Latin America Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 16 : Latin America Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 17 : Latin America Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 18 : Latin America Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Table 19 : Europe Energy Storage Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 20 : Europe Energy Storage Market Volume (kW) Forecast by Country, 2018 to 2033
  • Table 21 : Europe Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 22 : Europe Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 23 : Europe Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 24 : Europe Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Table 25 : Asia Pacific Energy Storage Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 26 : Asia Pacific Energy Storage Market Volume (kW) Forecast by Country, 2018 to 2033
  • Table 27 : Asia Pacific Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 28 : Asia Pacific Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 29 : Asia Pacific Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 30 : Asia Pacific Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Table 31 : Middle East & Africa Energy Storage Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 32 : Middle East & Africa Energy Storage Market Volume (kW) Forecast by Country, 2018 to 2033
  • Table 33 : Middle East & Africa Energy Storage Market Value (US$ Million) Forecast by Type, 2018 to 2033
  • Table 34 : Middle East & Africa Energy Storage Market Volume (kW) Forecast by Type, 2018 to 2033
  • Table 35 : Middle East & Africa Energy Storage Market Value (US$ Million) Forecast by Application, 2018 to 2033
  • Table 36 : Middle East & Africa Energy Storage Market Volume (kW) Forecast by Application, 2018 to 2033
  • Figure 1 : Global Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 2 : Global Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 3 : Global Energy Storage Market Value (US$ Million) by Region, 2023 to 2033
  • Figure 4 : Global Energy Storage Market Value (US$ Million) Analysis by Region, 2018 to 2033
  • Figure 5 : Global Energy Storage Market Volume (kW) Analysis by Region, 2018 to 2033
  • Figure 6 : Global Energy Storage Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
  • Figure 7 : Global Energy Storage Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
  • Figure 8 : Global Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 9 : Global Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 10 : Global Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 11 : Global Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 12 : Global Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 13 : Global Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 14 : Global Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 15 : Global Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 16 : Global Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 17 : Global Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 18 : Global Energy Storage Market Attractiveness by Region, 2023 to 2033
  • Figure 19 : North America Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 20 : North America Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 21 : North America Energy Storage Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 22 : North America Energy Storage Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 23 : North America Energy Storage Market Volume (kW) Analysis by Country, 2018 to 2033
  • Figure 24 : North America Energy Storage Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 25 : North America Energy Storage Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 26 : North America Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 27 : North America Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 28 : North America Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 29 : North America Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 30 : North America Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 31 : North America Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 32 : North America Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 33 : North America Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 34 : North America Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 35 : North America Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 36 : North America Energy Storage Market Attractiveness by Country, 2023 to 2033
  • Figure 37 : Latin America Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 38 : Latin America Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 39 : Latin America Energy Storage Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 40 : Latin America Energy Storage Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 41 : Latin America Energy Storage Market Volume (kW) Analysis by Country, 2018 to 2033
  • Figure 42 : Latin America Energy Storage Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 43 : Latin America Energy Storage Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 44 : Latin America Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 45 : Latin America Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 46 : Latin America Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 47 : Latin America Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 48 : Latin America Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 49 : Latin America Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 50 : Latin America Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 51 : Latin America Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 52 : Latin America Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 53 : Latin America Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 54 : Latin America Energy Storage Market Attractiveness by Country, 2023 to 2033
  • Figure 55 : Europe Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 56 : Europe Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 57 : Europe Energy Storage Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 58 : Europe Energy Storage Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 59 : Europe Energy Storage Market Volume (kW) Analysis by Country, 2018 to 2033
  • Figure 60 : Europe Energy Storage Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 61 : Europe Energy Storage Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 62 : Europe Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 63 : Europe Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 64 : Europe Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 65 : Europe Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 66 : Europe Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 67 : Europe Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 68 : Europe Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 69 : Europe Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 70 : Europe Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 71 : Europe Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 72 : Europe Energy Storage Market Attractiveness by Country, 2023 to 2033
  • Figure 73 : Asia Pacific Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 74 : Asia Pacific Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 75 : Asia Pacific Energy Storage Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 76 : Asia Pacific Energy Storage Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 77 : Asia Pacific Energy Storage Market Volume (kW) Analysis by Country, 2018 to 2033
  • Figure 78 : Asia Pacific Energy Storage Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 79 : Asia Pacific Energy Storage Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 80 : Asia Pacific Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 81 : Asia Pacific Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 82 : Asia Pacific Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 83 : Asia Pacific Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 84 : Asia Pacific Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 85 : Asia Pacific Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 86 : Asia Pacific Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 87 : Asia Pacific Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 88 : Asia Pacific Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 89 : Asia Pacific Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 90 : Asia Pacific Energy Storage Market Attractiveness by Country, 2023 to 2033
  • Figure 91 : Middle East & Africa Energy Storage Market Value (US$ Million) by Type, 2023 to 2033
  • Figure 92 : Middle East & Africa Energy Storage Market Value (US$ Million) by Application, 2023 to 2033
  • Figure 93 : Middle East & Africa Energy Storage Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 94 : Middle East & Africa Energy Storage Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 95 : Middle East & Africa Energy Storage Market Volume (kW) Analysis by Country, 2018 to 2033
  • Figure 96 : Middle East & Africa Energy Storage Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 97 : Middle East & Africa Energy Storage Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 98 : Middle East & Africa Energy Storage Market Value (US$ Million) Analysis by Type, 2018 to 2033
  • Figure 99 : Middle East & Africa Energy Storage Market Volume (kW) Analysis by Type, 2018 to 2033
  • Figure 100 : Middle East & Africa Energy Storage Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
  • Figure 101 : Middle East & Africa Energy Storage Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
  • Figure 102 : Middle East & Africa Energy Storage Market Value (US$ Million) Analysis by Application, 2018 to 2033
  • Figure 103 : Middle East & Africa Energy Storage Market Volume (kW) Analysis by Application, 2018 to 2033
  • Figure 104 : Middle East & Africa Energy Storage Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
  • Figure 105 : Middle East & Africa Energy Storage Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
  • Figure 106 : Middle East & Africa Energy Storage Market Attractiveness by Type, 2023 to 2033
  • Figure 107 : Middle East & Africa Energy Storage Market Attractiveness by Application, 2023 to 2033
  • Figure 108 : Middle East & Africa Energy Storage Market Attractiveness by Country, 2023 to 2033

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Market Study on Energy Storage: Rising Popularity of Electric Vehicles and Shift Towards Renewable Energy Sources to Fuel...