Table of Content

1. Executive Summary


2. Introduction

2.1 Energy Storage System (ESS): An Overview
2.1.1 Key ESS Components

2.2 Energy Storage System Segmentation: An Overview
2.2.1 Energy Storage System Segmentation


3. Global Market Analysis

3.1 Global Energy Storage System Market: An Analysis

3.1.1 Global Energy Storage System Market: An Overview
3.1.2 Global Energy Storage System Market by Value
3.1.3 Global Energy Storage System Market by Technology (Pumped Hydro, Electrochemical Storage, Thermal Storage and Electromechanical Storage)
3.1.4 Global Energy Storage System Market by End User (Utilities, Non Residential and Residential)
3.1.5 Global Energy Storage System Market by Region (Asia Pacific, North America, Europe and Rest of the World)

3.2 Global Cumulative Energy Storage System Market: Installation Analysis

3.2.1 Global Cumulative Energy Storage System Market by Installations: An Overview
3.2.2 Global Cumulative Energy Storage System Market by Installations
3.2.3 Global Cumulative Energy Storage System Market Installations by Region (The US, China, Germany, UK and Rest of the World)

3.3 Global Energy Storage System Market: Technology Analysis

3.3.1 Global Energy Storage System Market by Technology: An Overview
3.3.2 Global Pumped Hydro Energy Storage System Market by Value
3.3.3 Global Electrochemical Energy Storage System Market by Value
3.3.4 Global Thermal Energy Storage System Market by Value
3.3.5 Global Electromechanical Energy Storage System Market by Value

3.4 Global Energy Storage System Market: End User Analysis

3.4.1 Global Energy Storage System Market by End User: An Overview
3.4.2 Global Utilities Energy Storage System Market by Value
3.4.3 Global Non Residential Energy Storage System Market by Value
3.4.4 Global Residential Energy Storage System Market by Value


4. Regional Market Analysis

4.1 Asia Pacific Energy Storage System Market: An Analysis

4.1.1 Asia Pacific Energy Storage System Market: An Overview
4.1.2 Asia Pacific Energy Storage System Market by Value
4.1.3 Asia Pacific Energy Storage System Market by Region (China, India, Japan, South Korea and Rest of Asia Pacific)
4.1.4 China Energy Storage System Market by Value
4.1.5 China Cumulative Energy Storage System Market by Installations
4.1.6 India Energy Storage System Market by Value
4.1.7 Japan Energy Storage System Market by Value
4.1.8 South Korea Energy Storage System Market by Value
4.1.9 Rest of Asia Pacific Energy Storage System Market by Value

4.2 North America Energy Storage System Market: An Analysis

4.2.1 North America Energy Storage System Market: An Overview
4.2.2 North America Energy Storage System Market by Value
4.2.3 North America Energy Storage System Market by Region (The US, Canada and Mexico)
4.2.4 The US Energy Storage System Market by Value
4.2.5 The US Cumulative Energy Storage System Market by Installations
4.2.6 Canada Energy Storage System Market by Value
4.2.7 Mexico Energy Storage System Market by Value

4.3 Europe Energy Storage System Market: An Analysis

4.3.1 Europe Energy Storage System Market: An Overview
4.3.2 Europe Energy Storage System Market by Value
4.3.3 Europe Energy Storage System Market by Region (Germany, UK, Italy and Rest of Europe)
4.3.4 Germany Energy Storage System Market by Value
4.3.5 Germany Cumulative Energy Storage System Market by Installations
4.3.6 UK Energy Storage System Market by Value
4.3.7 UK Cumulative Energy Storage System Market by Installations
4.3.8 Italy Energy Storage System Market by Value
4.3.9 Rest of Europe Energy Storage System Market by Value

4.4 Rest of the World Energy Storage System Market: An Analysis

4.4.1 Rest of the World Energy Storage System Market: An Overview
4.4.2 Rest of the World Energy Storage System Market by Value
4.4.3 Rest of the World Cumulative Energy Storage System Market by Installations


5. Impact of COVID-19

5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Energy Storage System Market
5.1.2 Post COVID-19 Impact


6. Market Dynamics

6.1 Growth Drivers
6.1.1 Growing Demand for Renewable Energy
6.1.2 Rising Demand for Electric Vehicles
6.1.3 Upsurge in Investments in Energy Sector
6.1.4 Mounting Home Improvement
6.1.5 Higher Energy Costs

6.2 Challenges
6.2.1 Potential Disruptions in the Supply Chain
6.2.2 Lack of Proper Infrastructure
6.2.3 Entry Barrier

6.3 Market Trends
6.3.1 Thermal Energy Storage (TES)
6.3.2 Government Initiatives
6.3.3 Technology Advancements
6.3.4 Sustainability


7. Competitive Landscape

7.1 Global Energy Storage System Market Players: Vertical Integration Comparison
7.2 Global Residential ESS Shipments Players by Market Share
7.3 Global Energy Storage Market Players: Battery Delivery Comparison
7.4 Global Energy Storage System Market Players: Product Offerings
7.5 Global ESS and PCS Market Players: Supplier Comparison


8. Company Profiles

8.1 Toshiba Corporation
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy

8.2 ABB Group
8.2.1 Business Overview
8.2.2 Operating Businesses Areas
8.2.3 Business Strategy

8.3 Siemens AG
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy

8.4 SolarEdge Technologies, Inc.
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy

8.5 Hitachi, Ltd.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy

8.6 Electrovaya Inc.
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy

8.7 NextEra Energy, Inc.
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy

8.8 The AES Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy

8.9 Vistra Corp.
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy

8.10 BYD Co. Ltd.
8.10.1 Business Overview
8.10.2 Business Strategy

8.11 Alpha ESS
8.11.1 Business Overview
8.11.2 Business Strategy

8.12 Sungrow Power Supply Co., Ltd.
8.12.1 Business Overview
8.12.2 Business Strategy

8.13 Convergent Energy and Power Inc.
8.13.1 Business Overview
8.13.2 Business Strategy

List of Figures

Figure 1: Key ESS Components
Figure 2: Energy Storage System Segmentation
Figure 3: Global Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 4: Global Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 5: Global Energy Storage System Market by Technology; 2022 (Percentage, %)
Figure 6: Global Energy Storage System Market by End User; 2022 (Percentage, %)
Figure 7: Global Energy Storage System Market by Region; 2022 (Percentage, %)
Figure 8: Global Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 9: Global Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 10: Global Cumulative Energy Storage System Market Installations by Region; 2022 (Percentage, %)
Figure 11: Global Pumped Hydro Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 12: Global Pumped Hydro Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 13: Global Electrochemical Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 14: Global Electrochemical Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 15: Global Thermal Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 16: Global Thermal Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 17: Global Electromechanical Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 18: Global Electromechanical Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 19: Global Utilities Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 20: Global Utilities Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 21: Global Non Residential Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 22: Global Non Residential Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 23: Global Residential Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 24: Global Residential Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 25: Asia Pacific Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 26: Asia Pacific Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 27: Asia Pacific Energy Storage System Market by Region; 2022 (Percentage, %)
Figure 28: China Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 29: China Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 30: China Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 31: China Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 32: India Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 33: India Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 34: Japan Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 35: Japan Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 36: South Korea Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 37: South Korea Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 38: Rest of Asia Pacific Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 39: Rest of Asia Pacific Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 40: North America Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 41: North America Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 42: North America Energy Storage System Market by Region; 2022 (Percentage, %)
Figure 43: The US Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 44: The US Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 45: The US Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 46: The US Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 47: Canada Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 48: Canada Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 49: Mexico Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 50: Mexico Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 51: Europe Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 52: Europe Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 53: Europe Energy Storage System Market by Region; 2022 (Percentage, %)
Figure 54: Germany Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 55: Germany Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 56: Germany Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 57: Germany Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 58: UK Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 59: UK Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 60: UK Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 61: UK Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 62: Italy Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 63: Italy Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 64: Rest of Europe Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 65: Rest of Europe Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 66: Rest of the World Energy Storage System Market by Value; 2018-2022 (US$ Billion)
Figure 67: Rest of the World Energy Storage System Market by Value; 2023-2028 (US$ Billion)
Figure 68: Rest of the World Cumulative Energy Storage System Market by Installations; 2020-2022 (Giga Watt)
Figure 69: Rest of the World Cumulative Energy Storage System Market by Installations; 2023-2028 (Giga Watt)
Figure 70: Global Energy Supply by Sources; 2020-2050 (Terawatt-hour, TWH)
Figure 71: Europe Pure Electric Vehicles Market Share; 2021, 2025 and 2030 (Percentage, %)
Figure 72: Global Investments in the Energy Sector; US$ Billion (2021-2025)
Figure 73: Global Home Improvement Market; 2020-2027 (US$ Billion)
Figure 74: Global Residential ESS Shipments Players by Market Share; 2022 (Percentage, %)
Figure 75: Toshiba corporation Net Sales by Segment; 2022 (Percentage, %)
Figure 76: ABB Group Revenues by Business Areas; 2022 (Percentage, %)
Figure 77: Siemens AG Revenue by Segments; 2022 (Percentage, %)
Figure 78: SolarEdge Technologies, Inc. Revenue by Segment; 2022 (Percentage, %)
Figure 79: Hitachi, Ltd. Revenue by Segments; 2022 (Percentage, %)
Figure 80: Electrovaya Inc. Revenue by Segment; 2022 (Percentage, %)
Figure 81: NextEra Energy, Inc. Revenue by Segment; 2022 (Percentage, %)
Figure 82: The AES Corporation Revenue by Segment; 2022 (Percentage, %)
Figure 83: Vistra Corp. Revenue by Segments; 2022 (Percentage, %)
Table 1: Global Energy Storage Market Players: Battery Delivery Comparison (2022)
Table 2: Global Energy Storage System Market Players: Product Offerings
Table 3: Global ESS and PCS Market Players: Supplier Comparison