Global Battery Energy Storage System (ESS) Market Growth 2025-2031

The global Battery Energy Storage System (ESS） market size is predicted to grow from US$ 5710 million in 2025 to US$ 15950 million in 2031; it is expected to grow at a CAGR of 18.7% from 2025 to 2031.

Battery Energy Storage Systems, or BESS, are rechargeable batteries that can store energy from different sources and discharge it when needed. BESS consist of one or more batteries and can be used to balance the electric grid, provide backup power and improve grid stability.

The Battery Energy Storage System (BESS) market refers to the industry focused on the deployment, development, and operation of systems that store electrical energy using batteries. These systems are crucial for improving grid stability, supporting renewable energy integration, and offering backup power solutions. The increasing reliance on renewable energy sources like wind and solar, which are intermittent, drives the demand for BESS to store excess energy and release it when generation is low. Aging grid infrastructure needs upgrades for better reliability and efficiency, and BESS provides an essential role in stabilizing the grid and balancing supply and demand. With growing concerns over power outages, BESS provides backup energy for homes, businesses, and critical infrastructure. The U.S. is a key player in the BESS market, driven by large-scale renewable energy projects, government policies, and electric vehicle adoption. Countries like Germany, the UK, and Spain are investing heavily in energy storage to complement their renewable energy targets. China and Japan lead the market, with substantial investments in grid stability, renewable energy integration, and energy storage technology. Increasing demand for energy storage due to energy diversification and renewable energy growth. The global BESS market is expected to continue growing rapidly, driven by the need for energy storage solutions that help manage intermittent renewable power and ensure grid stability. With further advancements in battery technology and decreasing costs, energy storage will become more accessible for a wider range of applications, from utility-scale projects to residential use.

LP Information, Inc. (LPI) ' newest research report, the “Battery Energy Storage System (ESS） Industry Forecast” looks at past sales and reviews total world Battery Energy Storage System (ESS） sales in 2024, providing a comprehensive analysis by region and market sector of projected Battery Energy Storage System (ESS） sales for 2025 through 2031. With Battery Energy Storage System (ESS） sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Energy Storage System (ESS） industry.

This Insight Report provides a comprehensive analysis of the global Battery Energy Storage System (ESS） landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Energy Storage System (ESS） portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Battery Energy Storage System (ESS） market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Energy Storage System (ESS） and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Energy Storage System (ESS）.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage System (ESS） market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Lithium
Lead Acid
NaS
Other

Segmentation by Application:
Residential
Utility & Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
CATL
Samsung SDI
LG
Tesla
Fluence
Great Power
BYD
EVE
Panasonic
Saft Group
Pylon Technologies
Hitachi
Kokam
Toshiba
Gotion
CALB
Narada

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery Energy Storage System (ESS） market?

What factors are driving Battery Energy Storage System (ESS） market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery Energy Storage System (ESS） market opportunities vary by end market size?

How does Battery Energy Storage System (ESS） break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.