According to Mordor Intelligence, BESS Market Size, Share & Trends Forecast 2025-2030," offers an in-depth analysis of the regional dynamics shaping this rapidly evolving industry.
-- Global BESS Market size was estimated at USD 76.69 billion in 2025 and projected to reach USD 172.17 billion by 2030, registering a CAGR of 17.56% during the forecast period.
Battery energy storage systems are no longer limited to niche applications. They are becoming mainstream infrastructure, enabling utilities, businesses, and households to store electricity and release it when required. With supportive policies in regions such as North America, Europe, and Asia-Pacific, BESS is now recognized as a cornerstone of future energy systems.
Emerging Trends in the Battery Energy Storage System Industry
Utility-scale procurement mandates: Governments in the United States, China, and the European Union are issuing large-scale procurement targets. California’s long-duration storage solicitation, China’s multi-gigawatt tenders, and South Korea’s awarded projects are giving developers visibility and confidence in revenue streams
Grid-forming inverter adoption: Moving from grid-following to grid-forming systems allows batteries to provide synthetic inertia and voltage support. This enhances grid stability and opens new revenue opportunities for developers, particularly in hybrid solar-storage projects
Solar-plus-storage price parity: In markets like Australia and Chile, four-hour batteries paired with solar are now competitive with gas peaker plants. This demonstrates that BESS can deliver firm evening supply at affordable rates, accelerating adoption in high-irradiance regions
Battery Energy Storage System Segmentation:
By Battery Type
- Lithium-ion batteries dominate with over 88% market share.
- Lithium Iron Phosphate (LFP) is growing rapidly due to cost and safety advantages.
- Other chemistries such as sodium-ion and flow batteries are gaining traction for niche applications.
By Connection Type
- On-grid systems account for nearly 78% of installations.
- Off-grid and microgrid solutions are expanding at a fast pace, particularly in emerging markets where grid infrastructure is weak.
By Component
- Battery packs and racks represent the largest revenue share.
- Energy management software is the fastest-growing segment, enabling optimized dispatch and predictive maintenance.
By Energy Capacity Range
- Mid-scale projects (101–500 MWh) are widely adopted for substation-level support.
- Large-scale installations above 500 MWh are expected to lead future growth.
By End-User Application
- Utility-scale systems dominate with 57% market share.
- Residential deployments are forecast to grow at nearly 20% CAGR, driven by rooftop solar adoption.
- Commercial and industrial users are leveraging BESS for peak shaving and power quality assurance.
By Geography
- Asia-Pacific leads with over 50% market share, supported by China’s large installed base.
- The Middle East and Africa are the fastest-growing regions, with projects in Saudi Arabia, Egypt, and South Africa.
- North America and Europe continue to see strong demand, supported by policy incentives and corporate investments.
Read the full report and access market snapshots that include both global views and Japan-specific analysis: https://www.mordorintelligence.com/ja/industry-reports/battery-energy-storage-system-market?utm_source=marketersmedia
BESS Key Players:
- BYD Company Limited
- Contemporary Amperex Technology Co. Ltd. (CATL)
- LG Energy Solution Ltd.
- Panasonic Holdings Corp.
- Tesla Inc.
- Samsung SDI Co. Ltd.
- Fluence Energy Inc.
- ABB Ltd.
- Siemens Energy AG
- GE Vernova
- Hitachi Energy Ltd.
- Mitsubishi Power
- Sungrow Power Supply Co.
- Eaton Corporation plc
- Toshiba Corp.
- EVE Energy Co.
- VARTA AG
- Saft SAS (TotalEnergies)
- CellCube Energy Storage Systems Inc.
- Enphase Energy Inc
Conclusion: Battery Energy Storage System Market Outlook to 2030
Policy support, falling battery costs, and the need for reliable renewable integration are driving this expansion. At the same time, challenges such as supply chain bottlenecks, fire-safety compliance, and interconnection delays must be addressed to sustain growth.
Explore Regional Report:
North America Energy Storage Market: The report segments the market by type (batteries, pumped-storage hydro, thermal energy storage, and others), by application (residential and commercial & industrial), and by geography (US, Canada, and rest of North America).
Get Full Report Details: https://www.mordorintelligence.com/industry-reports/noth-america-energy-storage-market?utm_source=marketersmedia
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