This report describes the global market size of Lithium Ion Battery Energy Storage System Market from 2018 to 2022 and its CAGR from 2018 to 2022, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 15.1% from 2023 to 2030.
A lithium-ion battery energy storage system (LiB-ESS) is a type of battery storage system that uses lithium-ion batteries to store energy. LiB-ESSs are used in a variety of applications, including:
Renewable energy: LiB-ESSs can be used to store energy from renewable energy sources, such as solar and wind power. This allows renewable energy to be used when it is not being generated, such as at night or during periods of low wind.
Grid stabilization: LiB-ESSs can be used to stabilize the electric grid. This is important because the grid needs to be able to maintain a constant frequency and voltage in order to operate safely and reliably.
Peak shaving: LiB-ESSs can be used to shave peak demand. This is important because it can help to reduce the need for new power plants and transmission lines.
Load shifting: LiB-ESSs can be used to shift load from peak hours to off-peak hours. This can help to reduce the cost of electricity for consumers.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Lithium Ion Battery Energy Storage System Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 15.1% during the forecast period 2023-2030. North American market for Lithium Ion Battery Energy Storage System Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Lithium Ion Battery Energy Storage System Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Connection Type
On-grid
Off-grid
Categorized according to the type of connection, the market is segmented into on-grid and off-grid connections. The lithium-ion battery energy storage system market is projected to experience significant growth throughout the forecast period. This growth can be attributed to the increasing demand for grid energy storage systems as part of ongoing grid modernization efforts and the swift adoption of lithium-ion batteries within the renewable energy sector.
By Application
Industrial
Residential
Commercial
Categorized by application, the market is segmented into industrial, commercial, and residential sectors. Additionally, the surge in the trend towards a low-carbon economy with reduced reliance on fossil fuels and the ongoing revolution in renewable energy are anticipated to drive the expansion of the lithium-ion battery energy storage system industry. Nevertheless, the substantial initial investment required for the installation of lithium-ion battery energy storage systems is acting as a restraint on market growth. Conversely, factors such as the rapid proliferation of rural electrification projects worldwide, a substantial increase in the demand for uninterrupted power supply especially for the growing number of data centers and the declining costs of lithium-ion batteries are expected to create significant opportunities for the adoption of lithium-ion battery energy storage systems in the near future.
By Capacity
0-10kW
20kW
50kW
Above 50kW
Categorized according to the type of Capacity, the market is segmented into 0-10kW, 20kW, 50kW, Above 50kW. The 20kW capacity segment projected to experience significant growth throughout the forecast period.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In terms of geographical breakdown, the market is examined across North America, Europe, Asia-Pacific, and LAMEA, encompassing their significant countries.
On a country-specific level, the United States secured a substantial portion of the lithium-ion battery energy storage system market within the North American region. It is projected to witness a noteworthy Compound Annual Growth Rate (CAGR) during the forecast period of 2022-2031. The U.S. maintains a dominant stance in the lithium-ion battery energy storage system market due to increased investments by key players to enhance these systems for consumer electronics and IT & telecom applications.
Moving to Europe, the United Kingdom emerged as the leader in terms of revenue within the lithium-ion battery energy storage system market in 2021. This trend is anticipated to persist during the forecast period. In contrast, Germany is forecasted to emerge as the fastest-growing country in Europe's lithium-ion battery energy storage system sector, showcasing a remarkable CAGR. This growth is attributed to advancements in the automotive industry, propelling the utilization of microelectronics in the country and thereby fostering favorable opportunities for the lithium-ion battery energy storage system market in Germany.
By Company
Samsung Electronics Co.ltd
Panasonic Corporation
Parker Hannifin Corporation
Jakson Group
Toshiba Corporation
Honeywell International Inc
ABB ltd
Hitachi ltd
Siemens AG
LG Electronics Inc
Other Key players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
Any special requirements about this report, please let us know and we can provide custom report.
Global Battery Passport Market
Global Hydrogen Tanks Market
Global Biorefinery Market
Nigeria oil and gas upstream market report
Electric Motor Gas Compressor Market
Global Video as a Sensor Market
Global Mechanical Recycling Of Plastics Market
Global Power-to-Gas Market
Global Net-zero Energy Buildings Market
Global Modular And Scalable Power Supplies Market
Your phrase has been sent to nick's email. Once he takes action. you will be notified!
Stats And Research ™ Copyright © 2025 .
