Battery Energy Storage Systems Market | Size, Share, Growth | 2025 - 2030
Published: 2024 - January
Report Code: IM-10332
Format:
Region: Global
What is Battery Energy Storage Systems (BESS)?
Battery Energy Storage Systems (BESS) represent advanced electrochemical solutions designed to store electricity from renewable and non-renewable sources and discharge it when required, enabling real-time grid balancing, demand response, and power reliability. Unlike traditional backup systems, BESS are engineered to operate at grid scale with high efficiency, modular deployment, and dynamic control capabilities across decentralized infrastructures.
With the accelerating integration of renewables, electrification of transport, and decentralization of energy grids, BESS is becoming a pivotal enabler of energy transition. It opens new monetization avenues for utilities, makes energy management easier through intelligent systems, enhances safety with real-time diagnostics, and supports a big shift to sustainable and resilient grids.
Market Size:
Battery Energy Storage Systems (BESS) Market was valued at USD 11.42 billion in 2024 and is projected to reach a market size of USD 48.83 billion by 2030 at a CAGR of 27.4%.
Key Market Players
• ABB
• Contemporary Amperex Technology Co. Limited (CATL)
• Exide Technologies
• General Electric
• Enersys
• Nissan
• LG Chem Ltd.
• Panasonic Corporation
• Samsung SDI
• BYD Company Limited
• AES Energy Storage
• Hoppecke Batteries Inc.
• Tesla
Case Study:
Tesla’s Megapack installation in Hornsdale, South Australia transformed grid stability by reducing grid service costs by 90%, offering a unique proposition—fast deployment, AI-driven optimization, and unmatched scale.
Market Dynamics & Popularity:
BESS project tenders tripled globally over the last two years. Over 80% of utilities globally are integrating BESS into grid modernization plans. Rapid rise in residential BESS adoption due to blackout concerns and smart home energy trends.
Market Segmentation:
By Type
• Lithium-ion Batteries
• Flow Batteries
• Lead-acid Batteries
• Nickel-based Batteries
• Sodium-sulfur Batteries
• Solid-state Batteries
• Others
By End User
• Utility-scale
• Commercial & Industrial
• Residential
• Transportation
• Others
What’s in It for You?
• Identify high-growth application segments across industrial, utility, and residential ecosystems.
• Evaluate emerging business models (e.g., energy-as-a-service, VPPs).
• Uncover technology roadmaps and ecosystem convergence opportunities.
• Understand procurement patterns of global utilities and C&I players.
• Benchmark positioning of top OEMs and innovators in BESS integration and deployment.
Chapter 1. Battery Energy Storage Systems Market - Scope & Methodology
1.1 Market Segmentation
1.2 Assumptions
1.3 Research Methodology
1.4 Primary Sources
1.5 Secondary Sources
Chapter 2. Battery Energy Storage Systems Market - Executive Summary
2.1 Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2 Key Trends & Insights
2.3 COVID-19 Impact Analysis
2.3.1 Impact during 2023 – 2030
2.3.2 Impact on Supply – Demand
Chapter 3. Battery Energy Storage Systems Market - Competition Scenario
3.1 Market Share Analysis
3.2 Product Benchmarking
3.3 Competitive Strategy & Development Scenario
3.4 Competitive Pricing Analysis
3.5 Supplier - Distributor Analysis
Chapter 4. Battery Energy Storage Systems Market - Entry Scenario
4.1 Case Studies – Start-up/Thriving Companies
4.2 Regulatory Scenario - By Region
4.3 Customer Analysis
4.4 Porter's Five Force Model
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Powers of Customers
4.4.3 Threat of New Entrants
4.4.4 .Rivalry among Existing Players
4.4.5 Threat of Substitutes
Chapter 5. Battery Energy Storage Systems Market - Landscape
5.1 Value Chain Analysis – Key Stakeholders Impact Analysis
5.2 Market Drivers
5.3 Market Restraints/Challenges
5.4 Market Opportunities
Chapter 6. Battery Energy Storage Systems Market - By Storage System
6.1 Front-of-the-meter
6.2 Behind-the-meter
Chapter 7. Battery Energy Storage Systems Market - By Element
7.1 Battery
7.2 Others
7.2.1 Hardware
7.2.2 Others
Chapter 8. Battery Energy Storage Systems Market - By Battery Type
8.1 Lithium-Ion Batteries
8.2 Advanced Lead-Acid Batteries
8.3 Flow Batteries
8.4 Others
Chapter 9. Battery Energy Storage Systems Market - By Connection Type
9.1 On-grid
9.2 Off-grid
Chapter 10. Battery Energy Storage Systems Market - By Ownership
10.1 Customer-Owned
10.2 Third-Party Owned
10.3 Utility-Owned
Chapter 11. Battery Energy Storage Systems Market - By Energy Capacity
10.4 Below 100 MWh
10.5 Between 100 to 500 MWh
10.6 Above 500 MWh
10.7 By Application
10.8 Residential
10.9 Commercial
10.10 Utility
Chapter 12. Battery Energy Storage Systems Market - By Battery Type
12.1 Fuel-Cell
12.2 Lead-acid
12.3 Lithium
12.4 Nickel Cadmium
12.5 Sodium-ion
Chapter 13. Battery Energy Storage Systems Market - By Sales Channel
13.1 Aftermarket
13.2 OEM
Chapter 14. Battery Energy Storage Systems Market - By Energy Density
14.1 < 100 WH/Kg
14.2 100-500 WH/Kg
14.3 > 500 WH/Kg
Chapter 15. Battery Energy Storage Systems Market - By Region
15.1 North America
15.2 Europe
15.3 Asia-Pacific
15.4 Latin America
15.5 The Middle East
15.6 Africa
Chapter 16. Battery Energy Storage Systems Market - Company Profiles – (Overview, Product Portfolio, Financials, Developments)
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
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