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What Is the Forecast for the Stationary Energy Storage Global Market Report 2025 Market Growth in 2025?

Over the past few years, the stationary energy storage market has expanded at exceptional rates. The market, which is projected to be worth $36.83 billion in 2024, is set to increase to $44.84 billion in 2025, indicative of a compound annual growth rate (CAGR) of 21.8%. Factors such as increased demand for emergency power supplies during power interruptions, a noticeable shift from fossil fuel usage towards greener energy sources, advancing carbon reduction policies, the uptick in electric vehicle production, and an intensified emphasis on energy sustainability and dependability can be credited for the historical period’s growth surge.

What Is the Forecast for the Stationary Energy Storage Global Market Report 2025 Market Size Through 2029?

The market size for stationary energy storage is predicted to witness a massive rise in the coming few years, increasing to $97.85 billion by 2029 with a compound annual growth rate (CAGR) of 21.5%. This expected growth during the forecast period can be linked to increased investments in efficient grid structures, heightened requirement for batteries in grid services, rising initiation of solar and wind power initiatives, an increase in government regulations and incentive plans, enhanced electrical needs and grid dependability, and escalated electricity consumption. Key trends projected for this period encompass development in battery control systems, state-of-the-art technologies, novel ideas in the energy storage field, progress in renewable technology, and the evolution in storage tech.

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What are the Key Market Players in Stationary Energy Storage Global Market Report 2025 Market and How They’re Evolving?

Major companies operating 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, 24M Technologies Inc.

What Are the Primary Growth Drivers in the Stationary Energy Storage Global Market Report 2025 Market?

The rising adoption of clean energy is also advancing the stationary energy storage market. As solar, wind, and other sources become more prevalent, there is a growing need for efficient energy storage solutions. These systems store surplus power for use during high demand or low production periods. The U.S. Energy Information Administration estimated in January 2024 that solar generation would grow by 75% between 2023 and 2025, while wind would increase by 11%. This demand is bolstering stationary storage systems.

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What Are the Leading Segments in the Global Stationary Energy Storage Global Market Report 2025 Industry?

The stationary energy storage market covered in this report is segmented –

1) By Type Of Energy Storage: Hydrogen And Ammonia Storage, Gravitational Energy Storage, Compressed Air Energy Storage, Liquid Air Storage, Thermal Energy Storage

2) By Battery: Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery

3) By Application: Grid Services, Behind The Meter

4) By End-User: Residential, Commercial And Industrial, Other End Users

Subsegments:

1) By Hydrogen And Ammonia Storage: Liquid Hydrogen Storage, Gaseous Hydrogen Storage, Liquid Ammonia Storage, Solid-state Hydrogen Storage

2) By Gravitational Energy Storage: Pumped Hydroelectric Storage, Solid Block-Based Gravitational Systems, Tower-Based Gravitational Systems

3) By Compressed Air Energy Storage (CAES): Diabatic Compressed Air Storage, Adiabatic Compressed Air Storage, Isothermal Compressed Air Storage

4) By Liquid Air Storage: Liquid Air Tanks, Heat Exchanger Systems, Cryogenic Compressors

5) By Thermal Energy Storage: Sensible Heat Storage, Latent Heat Storage, Thermochemical Energy Storage

What Are the Key Market Trends in the Stationary Energy Storage Global Market Report 2025 Industry?

Leading players in the stationary energy storage market are directing their efforts towards technological enhancements such as integrated vehicle-to-home (V2H) charging. This development objective aims to enhance energy resilience, streamline power consumption, and offer more agency to consumers in terms of home energy management. The vehicle-to-home (V2H) charging technology empowers electric vehicles to provide power to residences, establishing an energy backup during power failures and optimizing power consumption. For example, in October 2024, GM Energy LLC, an industrial machinery manufacturer from the United States, introduced the power bank. This stationary energy storage unit was built to store and deliver energy from the grid to electric vehicle users. Offered in 10.6 kWh and 17.7 kWh capacities, the power bank caters to backup power needs during outages and helps in reducing electricity expenses. Customers have the choice to combine two power banks, thus achieving up to 35.4 kWh of storage, sufficient to supply power to a typical U.S. household for up to 20 hours. This system is included in the GM energy home system bundle and is compatible with GM vehicle apps for remote energy management, while accommodating vehicle-to-home (V2H) charging.

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What Is the Regional Outlook for the Stationary Energy Storage Global Market Report 2025 Market?

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 the stationary energy storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the stationary energy storage global market report 2025 market, and how is it changing globally?

2. Who are the major companies in the stationary energy storage global market report 2025 market, and how are they performing?

3. What are the key opportunities and risks in the stationary energy storage global market report 2025 market right now?

4. Which products or customer segments are growing the most in the stationary energy storage global market report 2025 market?

5. What factors are helping or slowing down the growth of the stationary energy storage global market report 2025 market?

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