Global energy storage
Breakdown of global battery energy storage systems market 2021-2024, by technology Market share of battery energy storage systems worldwide in 2021 and 2024, by technology
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Strong growth occurred for utility-scale battery projects, behind-the-meter batteries, mini-grids and solar home systems for electricity access, adding a total of 42 GW of battery storage capacity globally.
The renewables growth is posing growing challenges to the grid, and some provincial governments have already upped their mandatory ratios for energy storage projects to 20%, up from 10% a couple of years ago. However, as the electricity market continues to evolve, standalone battery energy storage systems are emerging as the preferred option.
While energy density is of utmost importance for EV batteries, it is less critical for battery storage, leading to a significant shift towards LFP batteries. Strong government support for the rollout of EVs and incentives for battery storage are expanding markets for batteries around the world.
In 2025, capacity growth from battery storage could set a record as operators report plans to add 19.6 GW of utility-scale battery storage to the grid, according to our January 2025 preliminary electric generator inventory data.
Breakdown of global battery energy storage systems market 2021-2024, by technology Market share of battery energy storage systems worldwide in 2021 and 2024, by technology
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Global energy storage capacity has grown rapidly over the past five years (see Figure 2), driven primarily by the installation of grid-scale lithium-ion battery storage systems built alongside
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The Coverage and Intensity of Policies Continuing to Increase Technological breakthrough and industrial application of new type storage are included in the 2023 energy work of
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The renewables growth is posing growing challenges to the grid, and some provincial governments have already upped their mandatory ratios for energy storage projects to 20%, up from
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Battery storage in the power sector was the fastest growing energy technology in 2023 that was commercially available, with deployment more than doubling year-on-year. Strong growth
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Energy Storage Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031) The Energy Storage Market Report is Segmented by Technology (Batteries, Pumped-Storage
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Lithium-ion batteries have garnered significant attention among the various energy storage options available due to their exceptional performance, scalability, and versatility [2]. Lithium-ion
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Battery Energy Storage Systems Statistics: Capacity is projected to reach 970 GW by 2030 — nearly 35 times the 2022 level.
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27.1 GWh of new battery capacity installed in 2025, marking the EU''s 12th consecutive record year for battery storage deployment. 55% of all new capacity came from utility-scale systems,
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In 2025, capacity growth from battery storage could set a record as operators report plans to add 19.6 GW of utility-scale battery storage to the grid, according to our January 2025
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