Gravity-Based Energy Storage Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Gravity-Based Energy Storage Market was valued at USD 42.2 million in 2024 and is estimated to grow at a CAGR of 61.5% to reach USD 3.15 billion by 2034.
This surge is fueled by the urgent global demand for sustainable, long-duration storage solutions that support renewable integration, grid resilience, and decarbonization goals. Gravity-based systems, unlike conventional chemical batteries, offer long operational lifespans, minimal degradation, and environmental compatibility, making them a vital enabler of the clean energy transition. With governments worldwide imposing stricter net-zero mandates, utilities and developers are increasingly turning to gravity storage as a complement to lithium-ion systems. These systems harness simple yet effective physics, lifting and lowering heavy weights to deliver reliable, scalable, and cost-effective energy storage. Their ability to repurpose abandoned mines, rail systems, or industrial sites for deployment further enhances their sustainability profile, aligning with circular economy principles and global decarbonization strategies.
The tower-based systems segment generated USD 41.8 million in 2024. Tower-based systems are gaining momentum due to their modular scalability, straightforward engineering, and proven ability to provide multi-hour discharge cycles with low maintenance requirements. These solutions are particularly attractive for utility-scale projects, where they offer predictable performance, long service life, and reduced operational risks compared to chemical storage. Underground systems are also emerging as a competitive alternative, leveraging decommissioned mines and vertical shafts for energy storage, providing high density and low visual impact.
The renewable integration segment is expected to reach USD 1.9 billion by 2034. Their scalability makes them particularly suitable for hybrid energy projects, pairing seamlessly with solar farms, offshore wind installations, and community-scale renewable microgrids. Grid-scale storage, while slightly smaller in 2024, is projected to grow rapidly as utilities adopt gravity systems for load balancing, black-start capabilities, and ancillary services such as frequency and voltage regulation. This dual role supporting both renewables and grid infrastructure cements gravity storage as a central pillar of the future energy landscape.
Asia Pacific Gravity-Based Energy Storage Market generated USD 41.8 billion in 2024. China’s government-backed initiatives, including storage mandates tied to renewable deployment, have accelerated the commercialization of large-scale gravity projects. Australia, on the other hand, has pioneered the adaptive reuse of legacy mining infrastructure, cutting capital costs while creating environmentally sustainable solutions. North America is also progressing from pilot projects to initial commercial deployments, with utilities in the U.S. partnering with technology firms for large-scale demonstration projects.
Key players in the Gravity-Based Energy Storage Market include Energy Vault, Gravitricity, Green Gravity Energy, ARES North America, GRAVIENT, Gravity Power, Gravity Storage, and RheEnergise Limited. These companies are advancing commercialization through partnerships, pilot projects, and innovative engineering approaches. Energy Vault, for instance, has achieved dominance with a 99.1% share of installed capacity in 2024, while firms like Gravitricity and Green Gravity are leveraging unique applications such as mine-shaft repurposing and compressed-earth block technologies. Collectively, these innovators are shaping a dynamic, competitive landscape that blends sustainability with large-scale energy resilience.
This surge is fueled by the urgent global demand for sustainable, long-duration storage solutions that support renewable integration, grid resilience, and decarbonization goals. Gravity-based systems, unlike conventional chemical batteries, offer long operational lifespans, minimal degradation, and environmental compatibility, making them a vital enabler of the clean energy transition. With governments worldwide imposing stricter net-zero mandates, utilities and developers are increasingly turning to gravity storage as a complement to lithium-ion systems. These systems harness simple yet effective physics, lifting and lowering heavy weights to deliver reliable, scalable, and cost-effective energy storage. Their ability to repurpose abandoned mines, rail systems, or industrial sites for deployment further enhances their sustainability profile, aligning with circular economy principles and global decarbonization strategies.
The tower-based systems segment generated USD 41.8 million in 2024. Tower-based systems are gaining momentum due to their modular scalability, straightforward engineering, and proven ability to provide multi-hour discharge cycles with low maintenance requirements. These solutions are particularly attractive for utility-scale projects, where they offer predictable performance, long service life, and reduced operational risks compared to chemical storage. Underground systems are also emerging as a competitive alternative, leveraging decommissioned mines and vertical shafts for energy storage, providing high density and low visual impact.
The renewable integration segment is expected to reach USD 1.9 billion by 2034. Their scalability makes them particularly suitable for hybrid energy projects, pairing seamlessly with solar farms, offshore wind installations, and community-scale renewable microgrids. Grid-scale storage, while slightly smaller in 2024, is projected to grow rapidly as utilities adopt gravity systems for load balancing, black-start capabilities, and ancillary services such as frequency and voltage regulation. This dual role supporting both renewables and grid infrastructure cements gravity storage as a central pillar of the future energy landscape.
Asia Pacific Gravity-Based Energy Storage Market generated USD 41.8 billion in 2024. China’s government-backed initiatives, including storage mandates tied to renewable deployment, have accelerated the commercialization of large-scale gravity projects. Australia, on the other hand, has pioneered the adaptive reuse of legacy mining infrastructure, cutting capital costs while creating environmentally sustainable solutions. North America is also progressing from pilot projects to initial commercial deployments, with utilities in the U.S. partnering with technology firms for large-scale demonstration projects.
Key players in the Gravity-Based Energy Storage Market include Energy Vault, Gravitricity, Green Gravity Energy, ARES North America, GRAVIENT, Gravity Power, Gravity Storage, and RheEnergise Limited. These companies are advancing commercialization through partnerships, pilot projects, and innovative engineering approaches. Energy Vault, for instance, has achieved dominance with a 99.1% share of installed capacity in 2024, while firms like Gravitricity and Green Gravity are leveraging unique applications such as mine-shaft repurposing and compressed-earth block technologies. Collectively, these innovators are shaping a dynamic, competitive landscape that blends sustainability with large-scale energy resilience.
Table of Contents
129 Pages
- Chapter 1 Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Key trends for market estimates
- 1.2 Market definitions
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Some of the primary sources (but not limited to)
- 1.5 Data mining sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Sources
- Chapter 2 Executive Summary
- 2.1 Industry snapshot
- 2.2 Business trends
- 2.3 Technology trends
- 2.4 Application trends
- 2.5 Regional trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Price trend analysis
- 3.2.1 By region
- 3.3 Profitability, ROI, and CAPEX/OPEX analysis, by business models
- 3.3.1 CAPEX analysis - EPC model
- 3.3.2 CAPEX analysis - Manufacturing model
- 3.3.3 OPEX analysis
- 3.3.4 ROI analysis
- 3.3.4.1 Small scale projects (1 MW - 10 MW)
- 3.3.4.2 Medium scale projects (10 MW - 50 MW)
- 3.4 Project database P a g e | 5 Global Gravity-Based Energy Storage Market Report, 2025_2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 3.5 Regulatory landscape
- 3.5.1 Global RE100 and carbon neutrality initiatives
- 3.5.2 North America
- 3.5.2.1 U.S.
- 3.5.2.1.1 Hydropower Licensing & Dam Safety (FERC - 18)
- 3.5.2.1.2 National Environmental Policy Act
- 3.5.2.1.3 Clean Water Act
- 3.5.2.1.4 Grid Interconnection & Reliability Standards (NERC, National Electrical Code)
- 3.5.2.1.5 Occupational and Building Safety (OSHA)
- 3.5.2.1.6 Market Participation & Ancillary Services
- 3.5.2.2 Canada
- 3.5.2.2.1 Provincial ISO or Utility Frameworks
- 3.5.2.2.2 Federal Provincial Environmental Assessment
- 3.5.2.2.3 Provincial Water-Use Licensing / Hydropower Permitting
- 3.5.2.2.4 Dam and Hydraulic Infrastructure Codes
- 3.5.3 Europe
- 3.5.3.1 Electricity Directive & Regulation
- 3.5.3.1.1 Environmental Protection & Water Framework Compliance
- 3.5.3.1.2 Renewable Energy Policy & Support Frameworks
- 3.5.3.2 Germany
- 3.5.3.2.1 Energy Industry Act
- 3.5.3.3 UK
- 3.5.3.3.1 Electricity Storage Facilities Exemption Orders (2020)
- 3.5.3.3.2 Nationally Significant Infrastructure Project (NSIP) Requirement & DCO Process
- 3.5.3.3.3 Grid Licensing Standards
- 3.5.3.4 France
- 3.5.3.4.1 Energy Code / Hydropower Concession and Authorization Process
- 3.5.3.4.2 Energy Transition Law
- 3.5.4 Asia Pacific
- 3.5.4.1 China
- 3.5.4.1.1 National Storage Targets & Planning
- 3.5.4.1.2 Capacity Payments & Economic Incentives
- 3.5.4.2 Australia
- 3.5.4.2.1 Planning & Land-Use Approvals
- 3.5.4.2.2 Grid Connection & NEM Registration (AEMO / National Electricity Rules)
- 3.5.4.2.3 Electrical Safety & HV Standards
- 3.5.4.3 India
- 3.5.4.3.1 Draft Guidelines for Pumped Storage
- 3.5.4.3.2 Comprehensive Regulatory & Policy Framework
- 3.5.4.4 Japan
- 3.5.4.4.1 Electricity Business Act
- 3.5.4.4.2 River / Water Use Law (Hydropower Regulation)
- 3.5.4.4.3 Subsidies/Incentive Programs for Energy Storage
- 3.5.5 Rest of World
- 3.5.5.1 Mexico
- 3.5.5.1.1 CRE Regulation A/113/2024
- 3.5.5.1.2 Generation Licensing (CENACE)
- 3.5.5.1.3 Water-Use Authorization (CONAGUA)
- 3.5.5.2 Brazil
- 3.5.5.2.1 Hydroelectric Concession & Water Rights (ANEEL framework)
- 3.5.5.2.2 Grid Dispatch & Central Operation (ONS)
- 3.5.5.2.3 Energy Storage R&D & Regulatory Pilot Programs
- 3.5.5.2.4 Environmental Permitting Framework
- 3.6 Industry impact forces
- 3.6.1 Market growth drivers
- 3.6.1.1 Growing demand for Long Duration Energy Storage (LDES)
- 3.6.1.2 Rising decarbonization goals & net zero targets
- 3.6.2 Industry pitfall
- 3.6.2.1 High capital cost & long pay back periods
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
- Chapter 4 Competitive Landscape, 2025
- 4.1 Introduction
- 4.2 Company market share analysis, 2024
- 4.3 Strategic initiatives P a g e | 7 Global Gravity-Based Energy Storage Market Report, 2025_2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 4.4 Strategic dashboard
- 4.4.1 Green Gravity Energy Pty. Ltd
- 4.4.1.1 Investment
- 4.4.1.2 Memorandum of Understanding (MoU)
- 4.4.1.3 Partnership
- 4.4.2 Energy Vault
- 4.4.2.1 Project development
- 4.4.2.2 Partnership
- 4.4.2.3 Memorandum of Understanding (MoU)
- 4.4.3 Gravitricity
- 4.4.3.1 Partnership
- 4.4.3.2 Memorandum of Understanding (MoU)
- 4.4.4 RheEnergise Limited
- 4.4.4.1 Memorandum of Understanding (MoU)
- 4.4.4.2 Contract
- 4.4.4.3 Partnership
- 4.5 Company benchmarking
- 4.6 Innovation & technology landscape
- 4.6.1 RheEnergise Limited
- 4.6.2 GRAVIENT
- Chapter 5 Market Size and Forecast, By Technology, 2021 - 2034 (MW & USD Million)
- 5.1 Key trends
- 5.2 Tower-based systems
- 5.3 Underground systems
- 5.4 Others
- Chapter 6 Market Size and Forecast, By Application, 2021 - 2034 (MW & USD Million)
- 6.1 Key trends
- 6.2 Grid scale storage
- 6.3 Renewable integration
- Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 (MW & USD Million)
- 7.1 Key trends
- 7.2 North America
- 7.3 Europe
- 7.4 Asia Pacific P a g e | 8 Global Gravity-Based Energy Storage Market Report, 2025_2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 7.5 Rest of World
- Chapter 8 Company Profiles
- 8.1 ARES North America
- 8.1.1 Financial Data
- 8.1.2 Product Landscape
- 8.1.3 SWOT Analysis
- 8.2 Energy Vault
- 8.2.1 Financial Data
- 8.2.2 Project landscape
- 8.2.3 Strategic Outlook
- 8.2.4 SWOT Analysis
- 8.3 GRAVIENT
- 8.3.1 Financial Data
- 8.3.2 Product Landscape
- 8.3.3 Strategic Outlook
- 8.3.4 SWOT Analysis
- 8.4 Gravitricity
- 8.4.1 Financial Data
- 8.4.2 Product landscape
- 8.4.3 Strategic Outlook
- 8.4.4 SWOT Analysis
- 8.5 Gravity Power
- 8.5.1 Financial Data
- 8.5.2 Product Landscape
- 8.5.3 SWOT Analysis
- 8.6 Gravity Storage
- 8.6.1 Financial Data
- 8.6.2 Project landscape
- 8.6.3 SWOT Analysis
- 8.7 Green Gravity Energy
- 8.7.1 Financial Data
- 8.7.2 Product Landscape
- 8.7.3 Strategic Outlook
- 8.7.4 SWOT Analysis
- 8.8 Renewell Energy
- 8.8.1 Financial Data
- 8.8.2 Product Landscape
- 8.8.3 SWOT Analysis
- 8.9 RheEnergise Limited
- 8.9.1 Financial Data
- 8.9.2 Product Landscape
- 8.9.3 Strategic Outlook
- 8.9.4 SWOT Analysis
- 8.10 Terrament
- 8.10.1 Financial Data
- 8.10.2 Product Landscape
- 8.10.3 SWOT Analysis
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