The Battery Energy Storage Market is expected to grow from US$36.977 billion in 2025 to US$94.288 billion in 2030, at a CAGR of 20.59%.
A battery energy storage system comprises the use of battery technology to store the energy to be used at a later time. Companies are investing heavily in R&D to store renewable energy owing to the huge demand for storage batteries, which shows a significant increase in the growth of this market during the forecasted period. By battery type, the battery energy storage market is segmented as lithium-ion batteries, flow batteries, lead-acid batteries, and others. The market for lithium-ion batteries is expected to grow significantly as these have lighter weight than batteries with other metals. Extreme demand for lithium-ion technology in the renewable energy industry and declining costs of these batteries are escalating the growth of the Li-ion battery energy storage market. Geographically, the market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The major players profiled in the Battery Energy Storage market include ABB, Siemens, General Electric, LG Chem, SEC Battery, Con Edison Solutions, Duke Energy Corporation, E.ON, Vivint Solar Developer, LLC, Sonnen, and Sunverge Energy Inc. among others.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Battery Energy Storage Market Size in 2025 | US$36.977 billion |
| Battery Energy Storage Market Size in 2030 | US$94.288 billion |
| Growth Rate | CAGR of 20.59% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Battery Energy Storage Market |
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| Customization Scope | Free report customization with purchase |
Segmentation
The battery energy storage system market has been analyzed through the following segments:
Page last updated on: September 17, 2025