세계의 대형 배터리 에너지 저장 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of large scale battery energy storage Market

The global large scale battery energy storage market is expanding rapidly as nations accelerate renewable energy adoption, modernize their grids, and strengthen energy resilience. According to the latest assessment, the market was valued at USD 17.65 billion in 2024, supported by the rising integration of solar and wind energy across global power systems. With growing deployment of utility-scale storage projects and rising investments in grid flexibility, the market is projected to reach USD 22.81 billion in 2025. By 2032, large scale battery installations are expected to generate substantial growth, pushing the market to a valuation of USD 75.29 billion, advancing at a strong CAGR of 18.60% during the forecast period.

Large scale energy storage systems-generally above 1 MW or 1 MWh-play a critical role in balancing power grids as renewable penetration increases. These systems help store surplus solar or wind energy generated during peak hours and release it when demand rises or output declines. With governments worldwide committing to clean-energy transitions, large scale battery storage has moved from a supplemental technology to a foundational component of modern electricity infrastructure.

Market Drivers

A key driver is the increasing need for grid stability and reliability. As renewable energy grows, variability in power supply puts pressure on traditional grids. Utility-scale batteries enable rapid response for frequency regulation, voltage control, load shifting, and black start capabilities. These balancing services were historically provided by fossil fuel peaker plants but are now more efficiently addressed by battery systems.

In November 2024, Panasonic India and AES India initiated one of India's first utility-scale battery projects-a 10 MW installation in Haryana-signaling the rapid adoption of large-scale storage solutions in emerging markets.

Market Restraints

Despite their benefits, large scale battery systems require significant upfront capital investment, especially for multi-megawatt deployments. Costs include battery procurement, power conversion systems, installation, land acquisition, grid interconnection, and digital control infrastructure. While lithium-ion battery prices have declined substantially over the past decade, the scale of utility projects-often gigawatt-level-continues to pose financial barriers, particularly for developing markets with limited policy incentives.

Market Opportunities

Emerging markets present major opportunities. Increasing focus on rural electrification across Africa, Southeast Asia, the Middle East, and Latin America is boosting the demand for large scale energy storage. These regions experience unreliable or insufficient grid coverage, making storage essential for consistent electricity supply. Infrastructure expansions, combined with growing renewable installation pipelines, are expected to significantly accelerate market growth.

Market Trends

A notable trend is the shift toward advanced and diverse battery chemistries. Lithium-iron-phosphate (LFP) technology is rapidly gaining traction because of its long cycle life, high thermal stability, and lower cost compared to nickel-based chemistries. Utilities are prioritizing safer, more durable battery technologies as deployments scale. Simultaneously, next-generation chemistries such as sodium-ion, vanadium redox flow, and solid-state batteries are undergoing rapid development to meet future grid requirements.

Segmentation Insights

By Battery Type

Lithium-ion batteries dominated the market in 2024, benefiting from high energy density, excellent efficiency, and competitive pricing.

Lead-acid batteries remain attractive for budget-sensitive utility and industrial applications due to their lower upfront costs.

By Application

Renewable energy integration held the leading share, as utility-scale batteries shift renewable energy from daytime generation to evening peak demand.

Backup and emergency power represent the second-largest segment, driven by rising grid failures, natural disasters, and demand for uninterrupted power in essential facilities.

By End User

The utility sector dominated the market in 2024, relying on batteries for grid modernization, reliability improvement, and renewable support.

The commercial & industrial sector continues to grow due to increasing demand for peak shaving, load shifting, and energy cost reduction.

Regional Insights

Asia Pacific

Asia Pacific dominated the global market in 2024 with a valuation of USD 9.25 billion. China, India, Australia, Japan, and South Korea continue to deploy massive renewable energy capacities, requiring storage for stability and reliability. China's rapid build-out of hybrid renewable-storage systems further solidifies regional dominance.

North America

The U.S. leads regional growth, supported by large solar-plus-storage deployments and grid modernization initiatives. Falling battery costs and strong policy support have made large-scale storage economically attractive for utilities.

Europe

Europe's commitment to climate neutrality by 2050 drives large-scale battery deployment. Countries are using storage to reduce renewable curtailment, stabilize volatile energy markets, and replace fossil-fuel peaker plants.

Rest of the World

Latin America, the Middle East, and Africa experience rising renewable installations and expanding clean-energy tenders. Countries such as Chile, Brazil, Saudi Arabia, UAE, and South Africa are accelerating utility-scale BESS investment to support energy transitions.

Conclusion

Growing from USD 17.65 billion in 2024 to USD 75.29 billion by 2032, the large scale battery energy storage market is positioned at the forefront of global clean-energy infrastructure. Rising renewable penetration, advancements in battery technology, rural electrification initiatives, and rapid grid modernization will continue driving robust expansion throughout the forecast period.

Segmentation

By Battery Type

• Lithium-Ion (Li-Ion)
• Lead Acid
• Others

By Application

• Renewable Energy Integration
• Back up & Emergency Power
• Others

By End-User

• Utility
• Commercial & Industrial
• Others

By Region

• North America (By Battery Type, By Application, By End-User, By Country)
  • U.S. (By End-User)
  • Canada (By End-User)
• Europe (By Battery Type, By Application, By End-User, By Country)
  • U.K. (By End-User)
  • Germany (By End-User)
  • Italy (By End-User)
  • Rest of Europe (By End-User)
• Asia Pacific (By Battery Type, By Application, By End-User, By Country)
  • China (By End-User)
  • Japan (By End-User)
  • Australia (By End-User)
  • South Korea (By End-User)
  • Rest of Asia Pacific (By End-User)
• Rest of the World (By Battery Type, By Application, By End-User, By Country)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariffs on the Global Large Scale Battery Energy Storage Market

5. Global Large Scale Battery Energy Storage Market (USD Million, MW) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Battery Type
  • 5.2.1. Lithium-Ion
  • 5.2.2. Lead Acid
  • 5.2.3. Others
• 5.3. Market Analysis, Insights, and Forecast - By Application
  • 5.3.1. Renewable Energy Integration
  • 5.3.2. Back up & Emergency Power
  • 5.3.3. Others
• 5.4. Market Analysis, Insights, and Forecast - By End-User
  • 5.4.1. Utility
  • 5.4.2. Commercial and Industrial
  • 5.4.3. Others
• 5.5. Market Analysis, Insights, and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Rest of the World

6. North America Large Scale Battery Energy Storage Market (USD Million, MW) Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Battery Type
  • 6.2.1. Lithium-Ion
  • 6.2.2. Lead Acid
  • 6.2.3. Others
• 6.3. Market Analysis, Insights, and Forecast - By Application
  • 6.3.1. Renewable Energy Integration
  • 6.3.2. Back up & Emergency Power
  • 6.3.3. Others
• 6.4. Market Analysis, Insights, and Forecast - By End-User
  • 6.4.1. Utility
  • 6.4.2. Commercial and Industrial
  • 6.4.3. Others
• 6.5. Market Analysis, Insights, and Forecast - By Country
  • 6.5.1. U.S. Market Analysis, Insights, and Forecast - By End-User
    • 6.5.1.1. Utility
    • 6.5.1.2. Commercial and Industrial
    • 6.5.1.3. Others
  • 6.5.2. Canada Market Analysis, Insights, and Forecast - By End-User
    • 6.5.2.1. Utility
    • 6.5.2.2. Commercial and Industrial
    • 6.5.2.3. Others

7. Europe Large Scale Battery Energy Storage Market (USD Million, MW) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Battery Type
  • 7.2.1. Lithium-Ion
  • 7.2.2. Lead Acid
  • 7.2.3. Others
• 7.3. Market Analysis, Insights, and Forecast - By Application
  • 7.3.1. Renewable Energy Integration
  • 7.3.2. Back up & Emergency Power
  • 7.3.3. Others
• 7.4. Market Analysis, Insights, and Forecast - By End-User
  • 7.4.1. Utility
  • 7.4.2. Commercial and Industrial
  • 7.4.3. Others
• 7.5. Market Analysis, Insights, and Forecast - By Country
  • 7.5.1. U.K. Market Analysis, Insights, and Forecast - By End-User
    • 7.5.1.1. Utility
    • 7.5.1.2. Commercial and Industrial
    • 7.5.1.3. Others
  • 7.5.2. Germany Market Analysis, Insights, and Forecast - By End-User
    • 7.5.2.1. Utility
    • 7.5.2.2. Commercial and Industrial
    • 7.5.2.3. Others
  • 7.5.3. Italy Market Analysis, Insights, and Forecast - By End-User
    • 7.5.3.1. Utility
    • 7.5.3.2. Commercial and Industrial
    • 7.5.3.3. Others
  • 7.5.4. Rest of Europe Market Analysis, Insights, and Forecast - By End-User
    • 7.5.4.1. Utility
    • 7.5.4.2. Commercial and Industrial
    • 7.5.4.3. Others

8. Asia Pacific Large Scale Battery Energy Storage Market (USD Million, MW) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Battery Type
  • 8.2.1. Lithium-Ion
  • 8.2.2. Lead Acid
  • 8.2.3. Others
• 8.3. Market Analysis, Insights, and Forecast - By Application
  • 8.3.1. Renewable Energy Integration
  • 8.3.2. Back up & Emergency Power
  • 8.3.3. Others
• 8.4. Market Analysis, Insights, and Forecast - By End-User
  • 8.4.1. Utility
  • 8.4.2. Commercial and Industrial
  • 8.4.3. Others
• 8.5. Market Analysis, Insights, and Forecast - By Country
  • 8.5.1. China Market Analysis, Insights, and Forecast - By End-User
    • 8.5.1.1. Utility
    • 8.5.1.2. Commercial and Industrial
    • 8.5.1.3. Others
  • 8.5.2. Japan Market Analysis, Insights, and Forecast - By End-User
    • 8.5.2.1. Utility
    • 8.5.2.2. Commercial and Industrial
    • 8.5.2.3. Others
  • 8.5.3. Australia Market Analysis, Insights, and Forecast - By End-User
    • 8.5.3.1. Utility
    • 8.5.3.2. Commercial and Industrial
    • 8.5.3.3. Others
  • 8.5.4. South Korea Market Analysis, Insights, and Forecast - By End-User
    • 8.5.4.1. Utility
    • 8.5.4.2. Commercial and Industrial
    • 8.5.4.3. Others
  • 8.5.5. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By End-User
    • 8.5.5.1. Utility
    • 8.5.5.2. Commercial and Industrial
    • 8.5.5.3. Others

9. Rest of the World Large Scale Battery Energy Storage Market (USD Million, MW) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Battery Type
  • 9.2.1. Lithium-Ion
  • 9.2.2. Lead Acid
  • 9.2.3. Others
• 9.3. Market Analysis, Insights, and Forecast - By Application
  • 9.3.1. Renewable Energy Integration
  • 9.3.2. Back up & Emergency Power
  • 9.3.3. Others
• 9.4. Market Analysis, Insights, and Forecast - By End-User
  • 9.4.1. Utility
  • 9.4.2. Commercial and Industrial
  • 9.4.3. Others

10. Competitive Analysis

• 10.1. Company Market Share Analysis, 2024
• 10.2. Company Profile
  • 10.2.1. Tesla Inc.
    • 10.2.1.1. Business Overview
    • 10.2.1.2. Product and Service Offerings
    • 10.2.1.3. Recent Developments
    • 10.2.1.4. Financials (Based on Availability)
  • 10.2.2. Panasonic Corporation
    • 10.2.2.1. Business Overview
    • 10.2.2.2. Product and Service Offerings
    • 10.2.2.3. Recent Developments
    • 10.2.2.4. Financials (Based on Availability)
  • 10.2.3. Fluence Energy Inc.
    • 10.2.3.1. Business Overview
    • 10.2.3.2. Product and Service Offerings
    • 10.2.3.3. Recent Developments
    • 10.2.3.4. Financials (Based on Availability)
  • 10.2.4. ABB Ltd.
    • 10.2.4.1. Business Overview
    • 10.2.4.2. Product and Service Offerings
    • 10.2.4.3. Recent Developments
    • 10.2.4.4. Financials (Based on Availability)
  • 10.2.5. Siemens AG
    • 10.2.5.1. Business Overview
    • 10.2.5.2. Product and Service Offerings
    • 10.2.5.3. Recent Developments
    • 10.2.5.4. Financials (Based on Availability)
  • 10.2.6. General Electric Company
    • 10.2.6.1. Business Overview
    • 10.2.6.2. Product and Service Offerings
    • 10.2.6.3. Recent Developments
    • 10.2.6.4. Financials (Based on Availability)
  • 10.2.7. Kokam Co., Ltd
    • 10.2.7.1. Business Overview
    • 10.2.7.2. Product and Service Offerings
    • 10.2.7.3. Recent Developments
    • 10.2.7.4. Financials (Based on Availability)
  • 10.2.8. Hitachi Energy Ltd
    • 10.2.8.1. Business Overview
    • 10.2.8.2. Product and Service Offerings
    • 10.2.8.3. Recent Developments
    • 10.2.8.4. Financials (Based on Availability)
  • 10.2.9. Eaton Corporation
    • 10.2.9.1. Business Overview
    • 10.2.9.2. Product and Service Offerings
    • 10.2.9.3. Recent Developments
    • 10.2.9.4. Financials (Based on Availability)
  • 10.2.10. Toshiba Corporation
    • 10.2.10.1. Business Overview
    • 10.2.10.2. Product and Service Offerings
    • 10.2.10.3. Recent Developments
    • 10.2.10.4. Financials (Based on Availability)
  • 10.2.11. Enphase Energy
    • 10.2.11.1. Business Overview
    • 10.2.11.2. Product and Service Offerings
    • 10.2.11.3. Recent Developments
    • 10.2.11.4. Financials (Based on Availability)
  • 10.2.12. Honeywell International Ltd.
    • 10.2.12.1. Business Overview
    • 10.2.12.2. Product and Service Offerings
    • 10.2.12.3. Recent Developments
    • 10.2.12.4. Financials (Based on Availability)
  • 10.2.13. NEC Energy Solutions
    • 10.2.13.1. Business Overview
    • 10.2.13.2. Product and Service Offerings
    • 10.2.13.3. Recent Developments
    • 10.2.13.4. Financials (Based on Availability)
  • 10.2.14. Saft Group
    • 10.2.14.1. Business Overview
    • 10.2.14.2. Product and Service Offerings
    • 10.2.14.3. Recent Developments
    • 10.2.14.4. Financials (Based on Availability)