Lithium-ion Battery Energy Storage Market Share, Trends, and Analysis by 2031
Lithium-ion Battery Energy Storage Market: Strategic Insights
Lithium-ion Battery Energy Storage Market
-
CAGR (2023 - 2031)12.7% -
Market Size 2023
US$ 14.12 Billion -
Market Size 2031
US$ 36.7 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in Demand for Lithium-ion Battery Energy Storage from Solar and Wind Energy Sector
FUTURE TRENDS
- Rise in Adoption of Virtual Power Plants
OPPORTUNITIES
- Rise in Renewable Energy Installations
Key Players
- NextEra Energy
- Inc
- KORE Power
- Enel Green Power
- Dragonfly Energy
- Siemens Energy
- ESS
- Inc
- Ameresco Solar
- ACE Battery
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Capacity
- 0-10 kW
- 10-20 kW
- 20-50 kW
- Above 50 kW
Connection Type
- On-Grid and Off-Grid
End-use
- Residential
- Commercial
- Industrial
- Utility