Energy Storage System (ESS) Market Size, Share, Trend Analysis and Forecast by Technology (Electromechanical, Electrochemical, and Thermal Storage), End-Use and Region, 2021-2026

Energy Storage System (ESS) Market Size, Share, Trend Analysis and Forecast by Technology (Electromechanical, Electrochemical, and Thermal Storage), End-Use and Region, 2021-2026

Summary

The global energy storage system market report provides an executive-level overview of the current energy storage solutions globally, with detailed forecasts of key indicators up to 2026. Published annually, the report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by technology and end-use across regional markets, as well as a review of key market and technology trends

Adoption of renewables require flexible technologies to maintain grid reliability drives the demand for energy storage system solutions. Additionally, attractive incentives towards clean energy technologies is projected to aid the market growth over the forecast period.

According to GlobalData estimates, the global energy storage system market will grow from US$61.9 billion in 2021 to US$113.9 billion in 2026 at a CAGR of 13.0%. One of the most detrimental factors positevely aiding the market growth is rise initatives to make switch towards clean energy systems.

Scope

The market intelligence report provides an in-depth analysis of the following -

• Energy storage system market outlook: analysis as well as historical figures and forecasts of volume and revenue opportunities from the technology, end-use, and regional segments.
• The competitive landscape: an examination of the positioning of leading players in the Cloud Computing Market.
• Company snapshots: analysis of the market position of leading service providers in the Cloud Computing Market.
• Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

• This market intelligence report offers a thorough, forward-looking analysis of the global ESS market by technology, end-use, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in ESS markets.
• The report also highlights key technology segments (Electromechanical, Electrochemical, and Thermal Storage)
• The report also highlights key end-use segments (Grid-Scale, Commercial & Industrial, Residential)
• With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in ESS markets.
• The broad perspective of the report coupled with comprehensive, actionable detail will help energy and power sector stakeholders, service providers, and other ESS players succeed in growing the ESS market globally.