According to our (Global Info Research) latest study, the global Large Energy Storage Equipment market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period.
Different from low-power energy storage for household use, the energy storage power used in new energy power stations, power grids and other scenarios is higher, referred to as "large storage". The role of large-scale energy storage equipment is mainly to adjust power peaks, alleviate grid congestion, and delay transmission and distribution expansion.
China and the United States are the main markets for large-scale energy storage equipment, and the European market is also gradually starting. In 2022, China's new installed capacity will be 14.6GWh, and it is expected that the newly installed capacity will reach 111.7GWh in 2025. The demand for large-scale energy storage equipment mainly comes from wind power and the demand for flexible resources generated by the high proportion of photovoltaics connected to the grid. China has adopted strong allocation policies + market construction, and Europe and the United States have gradually improved the business model of large-scale energy storage projects through subsidy incentives + market-oriented reporting , the installed capacity continues to increase. From the perspective of technology, pumped hydro storage has a large scale, and lithium battery energy storage is the main increase.
The Global Info Research report includes an overview of the development of the Large Energy Storage Equipment industry chain, the market status of Power Generation Side (Battery Energy Storage, Pumped Storage), Grid Side (Battery Energy Storage, Pumped Storage), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Large Energy Storage Equipment.
Regionally, the report analyzes the Large Energy Storage Equipment markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Large Energy Storage Equipment market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Large Energy Storage Equipment market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Large Energy Storage Equipment industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Technology (e.g., Battery Energy Storage, Pumped Storage).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Large Energy Storage Equipment market.
Regional Analysis: The report involves examining the Large Energy Storage Equipment market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Large Energy Storage Equipment market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Large Energy Storage Equipment:
Company Analysis: Report covers individual Large Energy Storage Equipment players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Large Energy Storage Equipment This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Power Generation Side, Grid Side).
Technology Analysis: Report covers specific technologies relevant to Large Energy Storage Equipment. It assesses the current state, advancements, and potential future developments in Large Energy Storage Equipment areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Large Energy Storage Equipment market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Large Energy Storage Equipment market is split by Technology and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Technology, and by Application in terms of value.
Market segment by Technology
Battery Energy Storage
Pumped Storage
Molten Salt Energy Storage
Other
Market segment by Application
Power Generation Side
Grid Side
Market segment by players, this report covers
Siemens Energy
EVESCO LLC
Stem, Inc
EVLO Energy Storage
Energy Vault, Inc
GE
NextEra Energy
MAN Energy Solutions
Toshiba
Atlas Copco
ABB
ANDRITZ
NARI TECHNOLOGY CO..LTD
Zhejiang Narada Power Source Co.,Ltd
Sineng Electric Co., Ltd
Beijing HyperStrong Technology Co., Ltd
BYD
SUNGROW
Dongfang Electric Corporation
CHINA SOUTHERN POWER GRID
Shenzhen CLOU Electronics Co. Ltd
JST Power Equipment, INC
SHANGHAI ELECTRIC
XIZICE
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Large Energy Storage Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Large Energy Storage Equipment, with revenue, gross margin and global market share of Large Energy Storage Equipment from 2018 to 2023.
Chapter 3, the Large Energy Storage Equipment competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Technology and application, with consumption value and growth rate by Technology, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Large Energy Storage Equipment market forecast, by regions, technology and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Large Energy Storage Equipment.
Chapter 13, to describe Large Energy Storage Equipment research findings and conclusion.
Summary:
Get latest Market Research Reports on Large Energy Storage Equipment. Industry analysis & Market Report on Large Energy Storage Equipment is a syndicated market report, published as Global Large Energy Storage Equipment Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Large Energy Storage Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.