Global Utility-scale Battery Energy Storage Systems Market Growth 2025-2031

The global Utility-scale Battery Energy Storage Systems market size is predicted to grow from US$ 21220 million in 2025 to US$ 65770 million in 2031; it is expected to grow at a CAGR of 20.7% from 2025 to 2031.

Utility-scale Battery Energy Storage Systems (BESS) refer to large-scale energy storage installations designed to store electrical energy at a utility or grid level. These systems use batteries to store excess electricity generated during periods of low demand or high renewable energy output and release it when demand is high or renewable energy generation is low. Utility-scale BESS plays a crucial role in stabilizing the grid, balancing supply and demand, and enhancing the integration of renewable energy sources into the power system.

The Utility-scale Battery Energy Storage Systems (BESS) market refers to large-scale energy storage solutions deployed by utilities to support grid stability, integrate renewable energy, and improve overall energy efficiency. BESS is becoming an essential part of modern power systems, offering benefits such as load balancing, frequency regulation, and backup power, while complementing renewable energy sources like wind and solar. Renewable energy sources like solar and wind are variable, meaning their energy output fluctuates. Battery storage helps mitigate this issue by storing excess energy when production is high and releasing it when demand is high or production is low. Many countries are increasing their reliance on renewables to reduce carbon emissions. As more wind and solar projects are deployed, the demand for utility-scale BESS solutions to manage grid reliability and integrate these sources grows. Many grids are outdated and face challenges in maintaining efficiency with the increasing penetration of renewable energy. BESS can modernize grid infrastructure by providing flexibility and real-time response to fluctuations in supply and demand. Utility-scale BESS provides critical services like frequency regulation, voltage support, and emergency backup power, ensuring grid stability and resilience. Many governments offer incentives such as tax credits, grants, and subsidies to promote energy storage technologies, helping reduce the financial burden of deploying large-scale storage systems. Regulatory frameworks in regions like the European Union, the U.S., and Asia-Pacific encourage storage technologies to meet energy transition goals, reduce carbon footprints, and ensure a reliable, resilient grid. With the increasing frequency of extreme weather events and natural disasters, there’s a heightened focus on ensuring grid reliability. Utility-scale BESS provides backup power during outages, improving the resilience of the grid against disruptions.

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

This Insight Report provides a comprehensive analysis of the global Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Utility-scale Battery Energy Storage Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Utility-scale Battery Energy Storage Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Lithium
NaS
Other

Segmentation by Application:
Power Generation Side
Grid Side
User Side

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
Fluence
EVE
Tesla
LG
Gotion
Pylon Technologies
BYD
Saft Group
CALB
Hitachi
Kokam
Narada
Great Power
Toshiba

Key Questions Addressed in this Report

What is the 10-year outlook for the global Utility-scale Battery Energy Storage Systems market?

What factors are driving Utility-scale Battery Energy Storage Systems market growth, globally and by region?

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

How do Utility-scale Battery Energy Storage Systems market opportunities vary by end market size?

How does Utility-scale Battery Energy Storage Systems break out by Type, by Application?

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