2Q 2022

Energy Storage Forecast Database 2Q22

Distributed Energy Storage, Utility-Scale Energy Storage: Market Forecasts

Energy storage systems (ESS) provide critical services to the grid including generation capacity, frequency regulation, and other ancillary services, making them essential enablers of the energy transition. As renewable sources are further integrated into the energy mix, new and innovative storage technologies will be required to manage the supply and demand imbalances associated with a renewables-powered grid. As a result, the storage market has witnessed significant advances in recent years as costs remain on a downward trajectory and new opportunities emerge across a multitude of industry sectors and applications.

Many technologies covered in this report have existed for decades and achieved significant market penetration. Lithium-ion, for example, has become the default technology for new storage projects globally. Other technologies like flow batteries, pumped hydro storage, and advanced lead-acid batteries are providing competition. The wide range of available technologies allows different systems to both compete and combine to provide increasingly important grid flexibility services. As the market matures and diversifies, and the demand for storage services grows, technological innovations will proliferate to expand this suite of services.

This Guidehouse Insights report introduces the technologies at the vanguard of the energy storage industry, providing market forecasts as well as deployment drivers and barriers. Two innovative solutions in hybrid storage solutions and hydrogen energy storage are explored further, with application case studies provided.

Pages 12
Tables | Charts | Figures 13
  • How do ESS deployments vary by technology, location, and segment over the forecast?
  • How much will ESS capacity of each technology, country, and segment likely grow until 2031?
  • Energy storage vendors
  • Battery vendors
  • EV manufacturers
  • Policymakers
  • Utilities
  • Energy engineering, procurement, and construction firms
  • Investor community

How to Use This File: Energy Storage Forecast Database 2Q22

Energy Storage Forecast Database 2Q22

Annual Total ESS Power Capacity by Region, World Markets: 2022-2031

Annual Total ESS Revenue by Region, World Markets: 2022-2031

Top 5 Countries/Regions by Annual Total ESS Capacity, World Markets: 2022-2031

Annual Total ESS Revenue by Technology, World Markets: 2022-2031

Total ESS Revenue by Application, World Markets: 2022-2031

Annual Total ESS Energy Capacity by Application Type, World Markets: 2022-2031

Energy Storage Forecast Database 2Q22

Acronyms and Abbreviations

  • Annual Total ESS Capacity Additions by Region: 2022-2031
  • Annual Total ESS Revenue by Region: 2022-2031
  • Top 5 Countries/Regions by Annual ESS Capacity: 2022-2031
  • Annual Total ESS Revenue by Technology: 2022-2031
  • Total ESS Revenue by Application: 2022-2031
  • Annual Total ESS Energy Capacity by Application Type: 2022-2031
  • Annual Total ESS Power Capacity by Region, World Markets: 2022-2031
  • Annual Total ESS Revenue by Region, World Markets: 2022-2031
  • Top 5 Countries/Regions by Annual Total ESS Capacity, World Markets: 2022-2031
  • Annual Total ESS Revenue by Technology, World Markets: 2022-2031
  • Total ESS Revenue by Application, World Markets: 2022-2031
  • Annual Total ESS Energy Capacity by Application Type, World Markets: 2022-2031
  • Energy Storage Forecast Database 2Q22