Stationary Energy Storage Global Market Report 2025

The stationary energy storage market size has grown exponentially in recent years. It will grow from $36.83 billion in 2024 to $44.2 billion in 2025 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to rising demand for emergency power back-ups during power outages, growing transition from fossil fuel to green energy, rising environmental decarbonization policy, rising production of electric vehicles, and growing focus on energy resilience and reliability.

The stationary energy storage market size is expected to see exponential growth in the next few years. It will grow to $94.7 billion in 2029 at a compound annual growth rate (CAGR) of 21%. The growth in the forecast period can be attributed to rising investment into effective grid infrastructure, rising demand for batteries in grid services, growing installation of solar and wind power projects, growing government policies and incentive schemes, rising electricity demand and grid stability, and growing electricity demand. Major trends in the forecast period include advancements in battery management systems, cutting-edge technology, innovation in the energy storage sector, advancements in renewable technology, and advancements in storage technologies.

The forecast of 21% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on large-format lithium-ion battery cells and power conversion systems, predominantly sourced from China and Poland, raising costs for utility-scale storage installations. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing adoption of renewable energy sources is expected to drive the expansion of the stationary energy storage market. Renewable energy sources, such as solar, wind, hydro, geothermal, and biomass, provide sustainable power generation as they are naturally replenishing resources. The shift toward renewable energy is accelerating due to environmental concerns, as it helps reduce carbon emissions and combats climate change. Stationary energy storage systems are used to store excess energy generated during peak production, which can then be utilized during periods of low generation or high demand. For example, in January 2024, the U.S. Energy Information Administration projected a 75% increase in U.S. solar power generation, from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh by 2025, while wind power generation is expected to grow by 11%, from 430 billion kWh in 2023 to 476 billion kWh in 2025. As a result, the rising adoption of renewable energy sources is driving the growth of the stationary energy storage market.

Companies in the stationary energy storage market are also focusing on innovations such as integrated vehicle-to-home (V2H) charging systems to enhance energy resilience, optimize power usage, and give consumers better control over their home energy management. Vehicle-to-home (V2H) charging allows electric vehicles to supply power to a home, offering backup energy during outages and improving overall electricity usage. For example, in October 2024, GM Energy LLC, a U.S.-based industrial machinery manufacturer, introduced the Power Bank, a stationary energy storage unit designed to store and transfer energy from the grid for electric vehicle (EV) owners. Available in 10.6 kWh and 17.7 kWh capacities, the unit provides backup power during outages and helps reduce electricity costs. Customers can connect two Power Banks for up to 35.4 kWh of storage, sufficient to power a typical U.S. home for 20 hours. This system is part of GM's energy home system bundle, which integrates with GM vehicle apps for remote energy management and supports V2H charging.

In January 2025, GridStor, a U.S.-based renewable energy semiconductor manufacturing company, acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG). This acquisition will expand GridStor’s renewable energy storage capacity and help support grid reliability in high-demand areas. Capacity Power Group LLC is a U.S.-based energy storage company specializing in energy projects, including battery storage initiatives.

Stationary energy storage refers to systems that store electrical energy for later use in fixed locations without movement. These systems help enhance grid stability, store excess renewable energy, provide backup power, and optimize energy management across residential, commercial, and industrial applications.

The primary types of energy storage in stationary energy storage include hydrogen and ammonia storage, gravitational energy storage, compressed air energy storage, liquid air storage, and thermal energy storage. Hydrogen and ammonia storage involves converting surplus electricity into hydrogen or ammonia, which can later be utilized as a fuel or energy carrier for electricity generation, transportation, or industrial applications. Additionally, various battery technologies, such as lithium-ion, sodium-sulfur, lead-acid, and flow batteries, are used for applications such as grid services and behind-the-meter solutions, catering to sectors including residential, commercial, and industrial industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The stationary energy storage market research report is one of a series of new reports that provides stationary energy storage market statistics, including the stationary energy storage industry's global market size, regional shares, competitors with a stationary energy storage market share, detailed stationary energy storage market segments, market trends and opportunities, and any further data you may need to thrive in the stationary energy storage industry. This stationary energy storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the stationary energy storage market are Engie S.A., Tesla Inc., Siemens AG, General Electric Company, BYD Company Limited, Panasonic Holdings Corporation, Contemporary Amperex Technology Co. Limited (CATL), LG Chem Ltd., Mitsubishi Heavy Industries Ltd., ABB Ltd., Eaton Corporation plc, Johnson Controls International plc, Samsung SDI Co. Ltd., The AES Corporation, Fluence Energy Inc., Saft Groupe S.A., Duracell Power Center, Enel X S.r.l., Sonnen Batterie GmbH, and 24M Technologies Inc.

North America was the largest region in the stationary energy storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in stationary energy storage report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the stationary energy storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The stationary energy storage market consists of sales of supercapacitors, liquid air energy storage (LAES), redox flow batteries, and solid-state batteries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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