The global Utility-scale Battery Energy Storage Systems market size is predicted to grow from US$ 2309 million in 2025 to US$ 8898 million in 2031; it is expected to grow at a CAGR of 25.2% from 2025 to 2031.

Utility-scale Battery Energy Storage Systems (BESS) refer to large-scale energy storage installations designed to store electrical energy at a utility or grid level. These systems use batteries to store excess electricity generated during periods of low demand or high renewable energy output and release it when demand is high or renewable energy generation is low. Utility-scale BESS plays a crucial role in stabilizing the grid, balancing supply and demand, and enhancing the integration of renewable energy sources into the power system.

In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.

According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.

According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 116%.

LP Information, Inc. (LPI) ' newest research report, the ?Utility-scale Battery Energy Storage Systems Industry Forecast? looks at past sales and reviews total world Utility-scale Battery Energy Storage Systems sales in 2024, providing a comprehensive analysis by region and market sector of projected Utility-scale Battery Energy Storage Systems sales for 2025 through 2031. With Utility-scale Battery Energy Storage Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Utility-scale Battery Energy Storage Systems industry.

This Insight Report provides a comprehensive analysis of the global Utility-scale Battery Energy Storage Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Utility-scale Battery Energy Storage Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Utility-scale Battery Energy Storage Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Utility-scale Battery Energy Storage Systems and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Utility-scale Battery Energy Storage Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Utility-scale Battery Energy Storage Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Lithium Iron Phosphate (LFP) Battery Energy Storage Systems
    Sodium Sulphur Battery Energy Storage Systems
    Others

Segmentation by Application:

    Industrial
    Commercial
    Residential

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    Trina Solar
    GE
    ABB
    EVESCO
    W?rtsil?
    KORE Solutions
    Merus Power
    UZ
    Viridi
    BSLBATT
    IHI
    Mitsubishi
    Canadian Solar
    Anesco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Utility-scale Battery Energy Storage Systems market?
What factors are driving Utility-scale Battery Energy Storage Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Utility-scale Battery Energy Storage Systems market opportunities vary by end market size?
How does Utility-scale Battery Energy Storage Systems break out by Type, by Application?