Global Utility-scale Battery Energy Storage Systems Market Growth 2025-2031

The global Utility-scale Battery Energy Storage Systems market size is predicted to grow from US$ 2309 million in 2025 to US$ 8898 million in 2031; it is expected to grow at a CAGR of 25.2% from 2025 to 2031.

Utility-scale Battery Energy Storage Systems (BESS) refer to large-scale energy storage installations designed to store electrical energy at a utility or grid level. These systems use batteries to store excess electricity generated during periods of low demand or high renewable energy output and release it when demand is high or renewable energy generation is low. Utility-scale BESS plays a crucial role in stabilizing the grid, balancing supply and demand, and enhancing the integration of renewable energy sources into the power system.

In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.

According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.

According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 116%.

LP Information, Inc. (LPI) ' newest research report, the “Utility-scale Battery Energy Storage Systems Industry Forecast” looks at past sales and reviews total world Utility-scale Battery Energy Storage Systems sales in 2024, providing a comprehensive analysis by region and market sector of projected Utility-scale Battery Energy Storage Systems sales for 2025 through 2031. With Utility-scale Battery Energy Storage Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Utility-scale Battery Energy Storage Systems industry.

This Insight Report provides a comprehensive analysis of the global Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Utility-scale Battery Energy Storage Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Utility-scale Battery Energy Storage Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Lithium Iron Phosphate (LFP) Battery Energy Storage Systems
Sodium Sulphur Battery Energy Storage Systems
Others

Segmentation by Application:
Industrial
Commercial
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 analysing the company's coverage, product portfolio, its market penetration.
Trina Solar
GE
ABB
EVESCO
Wärtsilä
KORE Solutions
Merus Power
UZ
Viridi
BSLBATT
IHI
Mitsubishi
Canadian Solar
Anesco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Utility-scale Battery Energy Storage Systems market?

What factors are driving Utility-scale Battery Energy Storage Systems market growth, globally and by region?

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

How do Utility-scale Battery Energy Storage Systems market opportunities vary by end market size?

How does Utility-scale Battery Energy Storage Systems break out by Type, by Application?

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