Battery storage power capacity globally 2022-2050| ��ƽ��

Installed electricity generation capacity from battery storage worldwide in 2022 with a forecast to 2050 (in gigawatts)

Characteristic	Generation capacity in gigawatts
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Release date

October 2023

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Region

Worldwide

Survey time period

2022

Special properties

* Forecast

Supplementary notes

Figures are projections based on a reference scenario.
According to the source, the reference scenario reflects current energy trends, existing laws and regulations, and select incremental economic and technological changes over time. Further information about the scenario assumptions can be found .

Citation formats

The global battery storage power capacity is set for remarkable growth, with projections indicating a surge from ** gigawatts in 2022 to an impressive *** gigawatts by 2050. This exponential increase reflects the rising importance of energy storage in the transition to cleaner and more sustainable power systems worldwide. As countries and industries seek to balance intermittent renewable energy sources, battery storage emerges as a critical component in ensuring grid stability and reliability.

Battery manufacturing landscape

China dominated the battery manufacturing sector in 2023, accounting for over ** percent of the global battery manufacturing capacity. This trend is expected to continue, with China's battery manufacturing capacity projected to grow significantly by 2030, solidifying its position as the uncontested world leader in energy storage. Europe and the United States are also significant players in the battery storage sector. Germany, in particular, stands out as the largest market in Europe and the second-largest market in the world in 2023. However, the U.S. is expected to double up on Germany by 2027.

Battery industry leaders

In terms of industry leaders, China-based Contemporary Amperex Technology (CATL) and BYD are among the largest companies in the battery sector by revenue, together with Japan’s Hitachi and Panasonic. CATL and BYD were also the leading electric vehicles’ battery manufacturers in the world, CATL alone accounting for ** percent of global EV battery production capacity in 2023.