Abstract
Summary
LPI (LP Information)' newest research report, the “Energy Storage System Industry Forecast” looks at past sales and reviews total world Energy Storage System sales in 2022, providing a comprehensive analysis by region and market sector of projected Energy Storage System sales for 2023 through 2029. With Energy Storage System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Energy Storage System industry.
This Insight Report provides a comprehensive analysis of the global Energy Storage System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Energy Storage System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Energy Storage System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Energy Storage System.
The global Energy Storage System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Energy Storage System players cover Omazaki Group, ESS Inc, Eaton, Infineon Technologies, Toshiba, Iberdrola, VARTA AG, Wärtsilä and Fluence, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
KW Level
MW Level
GW Level
Segmentation by application
Industrial
Business
Residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Omazaki Group
ESS Inc
Eaton
Infineon Technologies
Toshiba
Iberdrola
VARTA AG
Wärtsilä
Fluence
CATL
Jakson Group
Ameresco
Vattenfall
Mortenson
OutBack Power Technologies
Renewable Energy Systems
MAN Energy Solutions
ABB
Siemens Energy
Energy Vault
Mtu EnergyPack
Johnson Controls
Hitachi Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Energy Storage System market?
What factors are driving Energy Storage System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Energy Storage System market opportunities vary by end market size?
How does Energy Storage System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
This Insight Report provides a comprehensive analysis of the global Energy Storage System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Energy Storage System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Energy Storage System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Energy Storage System.
The global Energy Storage System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Energy Storage System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Energy Storage System players cover Omazaki Group, ESS Inc, Eaton, Infineon Technologies, Toshiba, Iberdrola, VARTA AG, Wärtsilä and Fluence, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
KW Level
MW Level
GW Level
Segmentation by application
Industrial
Business
Residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Omazaki Group
ESS Inc
Eaton
Infineon Technologies
Toshiba
Iberdrola
VARTA AG
Wärtsilä
Fluence
CATL
Jakson Group
Ameresco
Vattenfall
Mortenson
OutBack Power Technologies
Renewable Energy Systems
MAN Energy Solutions
ABB
Siemens Energy
Energy Vault
Mtu EnergyPack
Johnson Controls
Hitachi Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Energy Storage System market?
What factors are driving Energy Storage System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Energy Storage System market opportunities vary by end market size?
How does Energy Storage System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Energy Storage System Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Energy Storage System by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Energy Storage System by Country/Region, 2018, 2022 & 2029
2.2 Energy Storage System Segment by Type
2.2.1 KW Level
2.2.2 MW Level
2.2.3 GW Level
2.3 Energy Storage System Sales by Type
2.3.1 Global Energy Storage System Sales Market Share by Type (2018-2023)
2.3.2 Global Energy Storage System Revenue and Market Share by Type (2018-2023)
2.3.3 Global Energy Storage System Sale Price by Type (2018-2023)
2.4 Energy Storage System Segment by Application
2.4.1 Industrial
2.4.2 Business
2.4.3 Residential
2.5 Energy Storage System Sales by Application
2.5.1 Global Energy Storage System Sale Market Share by Application (2018-2023)
2.5.2 Global Energy Storage System Revenue and Market Share by Application (2018-2023)
2.5.3 Global Energy Storage System Sale Price by Application (2018-2023)
3 Global Energy Storage System by Company
3.1 Global Energy Storage System Breakdown Data by Company
3.1.1 Global Energy Storage System Annual Sales by Company (2018-2023)
3.1.2 Global Energy Storage System Sales Market Share by Company (2018-2023)
3.2 Global Energy Storage System Annual Revenue by Company (2018-2023)
3.2.1 Global Energy Storage System Revenue by Company (2018-2023)
3.2.2 Global Energy Storage System Revenue Market Share by Company (2018-2023)
3.3 Global Energy Storage System Sale Price by Company
3.4 Key Manufacturers Energy Storage System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Energy Storage System Product Location Distribution
3.4.2 Players Energy Storage System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Energy Storage System by Geographic Region
4.1 World Historic Energy Storage System Market Size by Geographic Region (2018-2023)
4.1.1 Global Energy Storage System Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Energy Storage System Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Energy Storage System Market Size by Country/Region (2018-2023)
4.2.1 Global Energy Storage System Annual Sales by Country/Region (2018-2023)
4.2.2 Global Energy Storage System Annual Revenue by Country/Region (2018-2023)
4.3 Americas Energy Storage System Sales Growth
4.4 APAC Energy Storage System Sales Growth
4.5 Europe Energy Storage System Sales Growth
4.6 Middle East & Africa Energy Storage System Sales Growth
5 Americas
5.1 Americas Energy Storage System Sales by Country
5.1.1 Americas Energy Storage System Sales by Country (2018-2023)
5.1.2 Americas Energy Storage System Revenue by Country (2018-2023)
5.2 Americas Energy Storage System Sales by Type
5.3 Americas Energy Storage System Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Energy Storage System Sales by Region
6.1.1 APAC Energy Storage System Sales by Region (2018-2023)
6.1.2 APAC Energy Storage System Revenue by Region (2018-2023)
6.2 APAC Energy Storage System Sales by Type
6.3 APAC Energy Storage System Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Energy Storage System by Country
7.1.1 Europe Energy Storage System Sales by Country (2018-2023)
7.1.2 Europe Energy Storage System Revenue by Country (2018-2023)
7.2 Europe Energy Storage System Sales by Type
7.3 Europe Energy Storage System Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Energy Storage System by Country
8.1.1 Middle East & Africa Energy Storage System Sales by Country (2018-2023)
8.1.2 Middle East & Africa Energy Storage System Revenue by Country (2018-2023)
8.2 Middle East & Africa Energy Storage System Sales by Type
8.3 Middle East & Africa Energy Storage System Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Energy Storage System
10.3 Manufacturing Process Analysis of Energy Storage System
10.4 Industry Chain Structure of Energy Storage System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Energy Storage System Distributors
11.3 Energy Storage System Customer
12 World Forecast Review for Energy Storage System by Geographic Region
12.1 Global Energy Storage System Market Size Forecast by Region
12.1.1 Global Energy Storage System Forecast by Region (2024-2029)
12.1.2 Global Energy Storage System Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Energy Storage System Forecast by Type
12.7 Global Energy Storage System Forecast by Application
13 Key Players Analysis
13.1 Omazaki Group
13.1.1 Omazaki Group Company Information
13.1.2 Omazaki Group Energy Storage System Product Portfolios and Specifications
13.1.3 Omazaki Group Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Omazaki Group Main Business Overview
13.1.5 Omazaki Group Latest Developments
13.2 ESS Inc
13.2.1 ESS Inc Company Information
13.2.2 ESS Inc Energy Storage System Product Portfolios and Specifications
13.2.3 ESS Inc Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 ESS Inc Main Business Overview
13.2.5 ESS Inc Latest Developments
13.3 Eaton
13.3.1 Eaton Company Information
13.3.2 Eaton Energy Storage System Product Portfolios and Specifications
13.3.3 Eaton Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Eaton Main Business Overview
13.3.5 Eaton Latest Developments
13.4 Infineon Technologies
13.4.1 Infineon Technologies Company Information
13.4.2 Infineon Technologies Energy Storage System Product Portfolios and Specifications
13.4.3 Infineon Technologies Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Infineon Technologies Main Business Overview
13.4.5 Infineon Technologies Latest Developments
13.5 Toshiba
13.5.1 Toshiba Company Information
13.5.2 Toshiba Energy Storage System Product Portfolios and Specifications
13.5.3 Toshiba Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Toshiba Main Business Overview
13.5.5 Toshiba Latest Developments
13.6 Iberdrola
13.6.1 Iberdrola Company Information
13.6.2 Iberdrola Energy Storage System Product Portfolios and Specifications
13.6.3 Iberdrola Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Iberdrola Main Business Overview
13.6.5 Iberdrola Latest Developments
13.7 VARTA AG
13.7.1 VARTA AG Company Information
13.7.2 VARTA AG Energy Storage System Product Portfolios and Specifications
13.7.3 VARTA AG Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 VARTA AG Main Business Overview
13.7.5 VARTA AG Latest Developments
13.8 Wärtsilä
13.8.1 Wärtsilä Company Information
13.8.2 Wärtsilä Energy Storage System Product Portfolios and Specifications
13.8.3 Wärtsilä Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Wärtsilä Main Business Overview
13.8.5 Wärtsilä Latest Developments
13.9 Fluence
13.9.1 Fluence Company Information
13.9.2 Fluence Energy Storage System Product Portfolios and Specifications
13.9.3 Fluence Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Fluence Main Business Overview
13.9.5 Fluence Latest Developments
13.10 CATL
13.10.1 CATL Company Information
13.10.2 CATL Energy Storage System Product Portfolios and Specifications
13.10.3 CATL Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 CATL Main Business Overview
13.10.5 CATL Latest Developments
13.11 Jakson Group
13.11.1 Jakson Group Company Information
13.11.2 Jakson Group Energy Storage System Product Portfolios and Specifications
13.11.3 Jakson Group Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 Jakson Group Main Business Overview
13.11.5 Jakson Group Latest Developments
13.12 Ameresco
13.12.1 Ameresco Company Information
13.12.2 Ameresco Energy Storage System Product Portfolios and Specifications
13.12.3 Ameresco Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 Ameresco Main Business Overview
13.12.5 Ameresco Latest Developments
13.13 Vattenfall
13.13.1 Vattenfall Company Information
13.13.2 Vattenfall Energy Storage System Product Portfolios and Specifications
13.13.3 Vattenfall Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.13.4 Vattenfall Main Business Overview
13.13.5 Vattenfall Latest Developments
13.14 Mortenson
13.14.1 Mortenson Company Information
13.14.2 Mortenson Energy Storage System Product Portfolios and Specifications
13.14.3 Mortenson Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.14.4 Mortenson Main Business Overview
13.14.5 Mortenson Latest Developments
13.15 OutBack Power Technologies
13.15.1 OutBack Power Technologies Company Information
13.15.2 OutBack Power Technologies Energy Storage System Product Portfolios and Specifications
13.15.3 OutBack Power Technologies Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.15.4 OutBack Power Technologies Main Business Overview
13.15.5 OutBack Power Technologies Latest Developments
13.16 Renewable Energy Systems
13.16.1 Renewable Energy Systems Company Information
13.16.2 Renewable Energy Systems Energy Storage System Product Portfolios and Specifications
13.16.3 Renewable Energy Systems Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.16.4 Renewable Energy Systems Main Business Overview
13.16.5 Renewable Energy Systems Latest Developments
13.17 MAN Energy Solutions
13.17.1 MAN Energy Solutions Company Information
13.17.2 MAN Energy Solutions Energy Storage System Product Portfolios and Specifications
13.17.3 MAN Energy Solutions Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.17.4 MAN Energy Solutions Main Business Overview
13.17.5 MAN Energy Solutions Latest Developments
13.18 ABB
13.18.1 ABB Company Information
13.18.2 ABB Energy Storage System Product Portfolios and Specifications
13.18.3 ABB Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.18.4 ABB Main Business Overview
13.18.5 ABB Latest Developments
13.19 Siemens Energy
13.19.1 Siemens Energy Company Information
13.19.2 Siemens Energy Energy Storage System Product Portfolios and Specifications
13.19.3 Siemens Energy Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.19.4 Siemens Energy Main Business Overview
13.19.5 Siemens Energy Latest Developments
13.20 Energy Vault
13.20.1 Energy Vault Company Information
13.20.2 Energy Vault Energy Storage System Product Portfolios and Specifications
13.20.3 Energy Vault Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.20.4 Energy Vault Main Business Overview
13.20.5 Energy Vault Latest Developments
13.21 Mtu EnergyPack
13.21.1 Mtu EnergyPack Company Information
13.21.2 Mtu EnergyPack Energy Storage System Product Portfolios and Specifications
13.21.3 Mtu EnergyPack Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.21.4 Mtu EnergyPack Main Business Overview
13.21.5 Mtu EnergyPack Latest Developments
13.22 Johnson Controls
13.22.1 Johnson Controls Company Information
13.22.2 Johnson Controls Energy Storage System Product Portfolios and Specifications
13.22.3 Johnson Controls Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.22.4 Johnson Controls Main Business Overview
13.22.5 Johnson Controls Latest Developments
13.23 Hitachi Energy
13.23.1 Hitachi Energy Company Information
13.23.2 Hitachi Energy Energy Storage System Product Portfolios and Specifications
13.23.3 Hitachi Energy Energy Storage System Sales, Revenue, Price and Gross Margin (2018-2023)
13.23.4 Hitachi Energy Main Business Overview
13.23.5 Hitachi Energy Latest Developments
14 Research Findings and Conclusion