Global Hybrid Energy Storage System (HESS) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Hybrid Energy Storage System (HESS) market size was valued at US$ 1479 million in 2024 and is forecast to a readjusted size of USD 2530 million by 2031 with a CAGR of 8.1% during review period.
Hybrid energy storage refers to the integration of two or more different types of energy storage technologies into a single system. This approach leverages the advantages of various technologies while mitigating their shortcomings, thereby enhancing the performance, reliability, and cost-effectiveness of the energy storage system. Hybrid energy storage systems typically comprise multiple storage technologies, such as battery storage, supercapacitor storage, compressed air storage, and fuel cell storage.Currently, the most widely used hybrid energy storage systems often combine lithium iron phosphate batteries with other storage technologies. Examples include lithium iron phosphate batteries paired with flywheels, lithium iron phosphate batteries combined with supercapacitors, or systems integrating lithium iron phosphate batteries, supercapacitors, and sodium-ion batteries.
Achieving carbon peaking and carbon neutrality goals, as well as facilitating the energy transition, are the main drivers behind the development of hybrid energy storage systems. In terms of application scenarios, hybrid energy storage systems are primarily used on the grid side, the power generation side, and the user side. Currently, most implemented hybrid energy storage projects are focused on the grid side and power generation side, with a minimal share of projects on the user side.
Key companies participating in hybrid energy storage projects include CRRC Zhuzhou Institute, SDEE, XYZ Storage Technology, Hyperstrong, XJ Electric, Hongzheng Energy Storage, CATL,Enerflow，etc. Among these, CRRC Zhuzhou Institute holds the largest market share, accounting for 17.74% of the global market in 2023.
This report is a detailed and comprehensive analysis for global Hybrid Energy Storage System (HESS) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Hybrid Energy Storage System (HESS) market size and forecasts, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hybrid Energy Storage System (HESS)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hybrid Energy Storage System (HESS) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CRRC Zhuzhou Institute, SDEE, XYZ Storage Technology, Hyperstrong, XJ Electric, Hongzheng Energy Storage, CATL, Enerflow, Wärtsilä, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Hybrid Energy Storage System (HESS) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
LFP Battery
Flow Battery
Flywheel Energy Storage
Others
Market segment by Application
Grid Energy Storage
Generation-Side Energy Storage
Behind-the-Meter Energy Storage
Market segment by players, this report covers
CRRC Zhuzhou Institute
SDEE
XYZ Storage Technology
Hyperstrong
XJ Electric
Hongzheng Energy Storage
CATL
Enerflow
Wärtsilä
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Hybrid Energy Storage System (HESS) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Hybrid Energy Storage System (HESS), with revenue, gross margin, and global market share of Hybrid Energy Storage System (HESS) from 2020 to 2025.
Chapter 3, the Hybrid Energy Storage System (HESS) competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Hybrid Energy Storage System (HESS) market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Hybrid Energy Storage System (HESS).
Chapter 13, to describe Hybrid Energy Storage System (HESS) research findings and conclusion.
Hybrid energy storage refers to the integration of two or more different types of energy storage technologies into a single system. This approach leverages the advantages of various technologies while mitigating their shortcomings, thereby enhancing the performance, reliability, and cost-effectiveness of the energy storage system. Hybrid energy storage systems typically comprise multiple storage technologies, such as battery storage, supercapacitor storage, compressed air storage, and fuel cell storage.Currently, the most widely used hybrid energy storage systems often combine lithium iron phosphate batteries with other storage technologies. Examples include lithium iron phosphate batteries paired with flywheels, lithium iron phosphate batteries combined with supercapacitors, or systems integrating lithium iron phosphate batteries, supercapacitors, and sodium-ion batteries.
Achieving carbon peaking and carbon neutrality goals, as well as facilitating the energy transition, are the main drivers behind the development of hybrid energy storage systems. In terms of application scenarios, hybrid energy storage systems are primarily used on the grid side, the power generation side, and the user side. Currently, most implemented hybrid energy storage projects are focused on the grid side and power generation side, with a minimal share of projects on the user side.
Key companies participating in hybrid energy storage projects include CRRC Zhuzhou Institute, SDEE, XYZ Storage Technology, Hyperstrong, XJ Electric, Hongzheng Energy Storage, CATL,Enerflow，etc. Among these, CRRC Zhuzhou Institute holds the largest market share, accounting for 17.74% of the global market in 2023.
This report is a detailed and comprehensive analysis for global Hybrid Energy Storage System (HESS) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Hybrid Energy Storage System (HESS) market size and forecasts, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Hybrid Energy Storage System (HESS) market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hybrid Energy Storage System (HESS)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hybrid Energy Storage System (HESS) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CRRC Zhuzhou Institute, SDEE, XYZ Storage Technology, Hyperstrong, XJ Electric, Hongzheng Energy Storage, CATL, Enerflow, Wärtsilä, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Hybrid Energy Storage System (HESS) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
LFP Battery
Flow Battery
Flywheel Energy Storage
Others
Market segment by Application
Grid Energy Storage
Generation-Side Energy Storage
Behind-the-Meter Energy Storage
Market segment by players, this report covers
CRRC Zhuzhou Institute
SDEE
XYZ Storage Technology
Hyperstrong
XJ Electric
Hongzheng Energy Storage
CATL
Enerflow
Wärtsilä
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Hybrid Energy Storage System (HESS) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Hybrid Energy Storage System (HESS), with revenue, gross margin, and global market share of Hybrid Energy Storage System (HESS) from 2020 to 2025.
Chapter 3, the Hybrid Energy Storage System (HESS) competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Hybrid Energy Storage System (HESS) market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Hybrid Energy Storage System (HESS).
Chapter 13, to describe Hybrid Energy Storage System (HESS) research findings and conclusion.
Table of Contents
98 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Hybrid Energy Storage System (HESS) by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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