Global energy storage systems market size 2021-2031
The global energy storage system market is forecast to grow steadily between 2024 and 2031 with a compound annual growth rate of approximately nine percent. Energy storage systems worldwide accounted for a market worth 256 billion U.S. dollars in 2023. The figure was projected to reach over 506.5 billion U.S. dollars by 2031.
Energy storage systems include pumped hydropower, electrochemical batteries, electromechanical storage, and thermal storage.
More information on the global energy storage system market can be found here.