Global Smart Energy Storage System Market Growth 2024-2030

Global Smart Energy Storage System Market Growth 2024-2030

The global Smart Energy Storage System market size is projected to grow from US$ 763 million in 2023 to US$ 1604.6 million in 2030; it is expected to grow at a CAGR of 11.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Smart Energy Storage System Industry Forecast” looks at past sales and reviews total world Smart Energy Storage System sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Energy Storage System sales for 2024 through 2030. With Smart 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 Smart Energy Storage System industry.

This Insight Report provides a comprehensive analysis of the global Smart 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 Smart 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 Smart Energy Storage System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart 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 Smart Energy Storage System.

Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 76% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Energy Storage System market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Lithium
Lead Acid
Others

Segmentation by application
Residential
Utility & Commercial

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.
ABB
Aggreko
Alfen
AlphaESS
CALB
ECO ESS
Franklin
Great Power
Hitachi
Huawei
Kokam
Leoch
Narada
Smart Frequency Inc.
Sonnen
SP Group
Stem
Sunseap Group
Toshiba
Wärtsilä

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Energy Storage System market?

What factors are driving Smart Energy Storage System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Energy Storage System market opportunities vary by end market size?

How does Smart Energy Storage System break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.