The global energy storage system market is forecast to grow steadily between 2024 and 2031 with a compound annual growth rate of approximately **** percent. Energy storage systems worldwide accounted for a market worth *** billion U.S. dollars in 2023. The figure was projected to reach over billion U.S. dollars by 2031. Energy storage systems include pumped hydropower, electrochemical batteries, electromechanical storage, and thermal storage.
More information on the global energy storage system market can be found .
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Extrapolate. (March 15, 2024). Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. "Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars)." Chart. March 15, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. (2024). Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate. "Market Size of Energy Storage Systems Worldwide from 2021 to 2023 with a Forecast until 2031 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Mar 2024, /statistics/1395016/energy-storage-market-size-worldwide-forecast/
Extrapolate, Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1395016/energy-storage-market-size-worldwide-forecast/ (last visited July 28, 2026)
Market size of energy storage systems worldwide from 2021 to 2023 with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 15, 2024. [Online]. Available: /statistics/1395016/energy-storage-market-size-worldwide-forecast/
