Global Energy Storage Market 2022-2026

Global Energy Storage Market 2022-2026

Technavio has been monitoring the energy storage market and it is poised to grow by 50013.15 MW units during 2022-2026, progressing at a CAGR of 61.52% during the forecast period. Our report on the energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing energy storage requirements and government initiatives to promote energy storage. In addition, growing energy storage requirement is anticipated to boost the growth of the market as well.

The energy storage market analysis includes the type segment and geographic landscape.

Technavio's energy storage market is segmented as below:

By Type

• Utility-scale
• Behind the meter

By Geographical Landscape

• APAC
• North America
• Europe
• MEA
• South America

This study identifies the increasing demand for concentrating solar power (CSP)as one of the prime reasons driving the energy storage market growth during the next few years. Also, will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on energy storage market covers the following areas:

• Energy storage market sizing
• Energy storage market forecast
• Energy storage market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy storage market vendors that include ABB Ltd., Amsted Industries Inc., EVAPCO Inc., General Electric Co., GS Yuasa Corp., Ingersoll Rand Inc., LG Electronics Inc., Panasonic Corp., Samsung SDI Co. Ltd., and Tesla Inc. Also, the energy storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ABB Ltd., Amsted Industries Inc., EVAPCO Inc., General Electric Co., GS Yuasa Corp., Ingersoll Rand Inc., LG Electronics Inc., Panasonic Corp., Samsung SDI Co. Ltd., Tesla Inc.