Energy Storage Systems (ESS) Market, Global Outlook and Forecast 2023-2029

Energy storage systems are the set of methods and technologies used to store various forms of energy.Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
This report aims to provide a comprehensive presentation of the global market for Energy Storage Systems (ESS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Energy Storage Systems (ESS). This report contains market size and forecasts of Energy Storage Systems (ESS) in global, including the following market information:
Global Energy Storage Systems (ESS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Energy Storage Systems (ESS) Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Energy Storage Systems (ESS) companies in 2022 (%)
The global Energy Storage Systems (ESS) market was valued at US$ 6098.6 million in 2022 and is projected to reach US$ 13050 million by 2029, at a CAGR of 11.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Energy Storage System (ESS) key players include Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, etc. Global top five manufacturers hold a share about 50%. Asia Pacific is the largest market, with a share about 40%, followed by Europe and North America, both have a share about 45%. In terms of product, Lithium is the largest segment, with a share over 88%. And in terms of application, the largest application is Residental,followed by Utility and Commercial.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Energy Storage Systems (ESS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Energy Storage Systems (ESS) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Energy Storage Systems (ESS) Market Segment Percentages, by Type, 2022 (%)
    Lithium
    Lead Acid
    NaS
    Others
Global Energy Storage Systems (ESS) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Energy Storage Systems (ESS) Market Segment Percentages, by Application, 2022 (%)
    Residential
    Utility & Commercial
Global Energy Storage Systems (ESS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Energy Storage Systems (ESS) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Energy Storage Systems (ESS) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Energy Storage Systems (ESS) revenues share in global market, 2022 (%)
Key companies Energy Storage Systems (ESS) sales in global market, 2018-2023 (Estimated), (MW)
Key companies Energy Storage Systems (ESS) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Samsung SDI
    LG Chem
    Fluence
    Hitachi
    Kokam
    LSIS
    SMA Solar Technology
    NGK
    General Electric
    Primus Power
    Panasonic
    BYD
    Younicos
    ABB
    Saft
    Lockheed Martin Energy
    Eos Energy Storage
    Con Edison Solutions
Outline of Major Chapters:
Chapter 1: Introduces the definition of Energy Storage Systems (ESS), market overview.
Chapter 2: Global Energy Storage Systems (ESS) market size in revenue and volume.
Chapter 3: Detailed analysis of Energy Storage Systems (ESS) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Energy Storage Systems (ESS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Energy Storage Systems (ESS) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.