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Energy Storage Market Size, Share and Forecast 2026-2036

The global energy storage market is worth USD 109 bn in 2026 and is forecast to reach USD 439 bn by 2036, growing at a 15.0% CAGR. China is the largest country market and Lithium-ion batteries is the largest by technology segment.

USD 109 bnMarket size 2026
USD 439 bnForecast 2036
15.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global energy storage market is worth USD 109 bn in 2026 and is forecast to reach USD 439 bn by 2036, growing at a 15.0% CAGR. China is the largest country market and Lithium-ion batteries is the largest by technology segment.

ScopeSpending on systems that store energy for later use, covering lithium-ion and other battery storage, pumped hydro, thermal and mechanical storage, and hydrogen storage at grid, commercial and residential scale.
IndustryServices and Utilities
Value 2025USD 92.0 bn
Value 2026USD 109 bn
Value 2036USD 439 bn
CAGR 2026-203615.0%
Volume 2026486,598 MWh
Volume 20362,669,509 MWh
Average price 2026USD 223,100 per MWh
Report priceStarts from USD 1,999
PublishedNovember 2026

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Energy Storage market size and forecast, 2026-2036

Exhibit 1The global energy storage market is forecast to grow from USD 109 bn in 2026 to USD 439 bn by 2036, more than triplingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 15.0%
Energy Storage market value, 2025 to 2036Market value by year. 2025: USD 92.0 bn; 2026: USD 109 bn; 2027: USD 125 bn; 2028: USD 144 bn; 2029: USD 165 bn; 2030: USD 190 bn; 2031: USD 218 bn; 2032: USD 251 bn; 2033: USD 289 bn; 2034: USD 332 bn; 2035: USD 382 bn; 2036: USD 439 bn. Compound annual growth rate 2026 to 2036: 15.0%.2025109 bn2026218 bn2031439 bn203615.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 109 bn
2027USD 125 bn
2028USD 144 bn
2029USD 165 bn
2030USD 190 bn
2031USD 218 bn
2032USD 251 bn
2033USD 289 bn
2034USD 332 bn
2035USD 382 bn
2036USD 439 bn

Energy Storage market segmentation

By technology

Exhibit 2Lithium-ion batteries is the largest segment by technology, with 68.0% of 2026 revenueEstimated share of 2026 global revenue, by technology
Energy Storage market share by technology, 2026Share of 2026 revenue by technology. Lithium-ion batteries: 68.0%; Pumped hydropower: 16.0%; Thermal and mechanical: 8.0%; Flow and other batteries: 5.0%; Hydrogen and other: 3.0%.Lithium-ion batteries68.0%Pumped hydropower16.0%Thermal and mechanical8.0%Flow and other batteries5.0%Hydrogen and other3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lithium-ion batteries68.0%76.1%USD 73.8 bn16.3%
Pumped hydropower16.0%8.0%USD 17.4 bn7.4%
Flow and other batteries5.0%7.2%USD 5.4 bn19.3%
Thermal and mechanical8.0%5.8%USD 8.7 bn11.3%
Hydrogen and other3.0%2.8%USD 3.3 bn14.3%

By application

Exhibit 3Grid-scale utility adds the most revenue by application, growing from USD 67.3 bn in 2026 to USD 278 bn by 2036Estimated revenue in USD by application, 2026 and 2036 forecast
Energy Storage market by application, 2026 and 2036Revenue by application in 2026 and 2036. Grid-scale utility: USD 67.3 bn in 2026, USD 278 bn in 2036, change +313%; Commercial and industrial: USD 19.5 bn in 2026, USD 88.0 bn in 2036, change +350%; Residential: USD 15.2 bn in 2026, USD 52.7 bn in 2036, change +246%; Off-grid and other: USD 6.5 bn in 2026, USD 20.6 bn in 2036, change +217%.20262036 forecastChangeGrid-scale utility+313%67.3 bn278 bnCommercial and industrial+350%19.5 bn88.0 bnResidential+246%15.2 bn52.7 bnOff-grid and other+217%6.5 bn20.6 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Grid-scale utility62.0%63.3%USD 67.3 bn15.2%
Commercial and industrial18.0%20.0%USD 19.5 bn16.2%
Residential14.0%12.0%USD 15.2 bn13.2%
Off-grid and other6.0%4.7%USD 6.5 bn12.2%

By storage duration

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under 2 hours24.0%17.0%USD 26.1 bn11.1%
2 to 4 hours44.0%38.0%USD 47.8 bn13.3%
4 to 8 hours22.0%29.0%USD 23.9 bn18.2%
Over 8 hours10.0%16.0%USD 10.9 bn20.5%

By ownership

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Utility-owned36.0%31.0%USD 39.1 bn13.3%
Independent power producers38.0%41.0%USD 41.3 bn15.9%
Customer-owned26.0%28.0%USD 28.2 bn15.9%

By system size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under 1 MWh17.0%15.0%USD 18.5 bn13.6%
1 to 100 MWh36.0%32.0%USD 39.1 bn13.7%
Over 100 MWh47.0%53.0%USD 51.0 bn16.4%

Top 25 countries for energy storage by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 89.0% of 2026 revenue and the 25 countries below together hold 96.8%.

Exhibit 4China is the largest country market at USD 39.1 bn in 2026, and the three largest countries hold 65.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Energy Storage market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 39.1 bn, 36.0%; United States: USD 26.1 bn, 24.0%; Germany: USD 5.4 bn, 5.0%; United Kingdom: USD 4.3 bn, 4.0%; Australia: USD 4.3 bn, 4.0%; India: USD 4.3 bn, 4.0%; Japan: USD 3.8 bn, 3.5%; Italy: USD 3.3 bn, 3.0%; Saudi Arabia: USD 3.3 bn, 3.0%; Chile: USD 2.7 bn, 2.5%.China39.1 bn 36.0%United States26.1 bn 24.0%Germany5.4 bn 5.0%United Kingdom4.3 bn 4.0%Australia4.3 bn 4.0%India4.3 bn 4.0%Japan3.8 bn 3.5%Italy3.3 bn 3.0%Saudi Arabia3.3 bn 3.0%Chile2.7 bn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 39.1 bn36.0%USD 159 bn15.1%
2United StatesUSD 26.1 bn24.0%USD 97.5 bn14.1%
3GermanyUSD 5.4 bn5.0%USD 17.1 bn12.2%
4United KingdomUSD 4.3 bn4.0%USD 17.6 bn15.0%
5AustraliaUSD 4.3 bn4.0%USD 16.2 bn14.1%
6IndiaUSD 4.3 bn4.0%USD 27.2 bn20.1%
7JapanUSD 3.8 bn3.5%USD 11.0 bn11.2%
8ItalyUSD 3.3 bn3.0%USD 13.2 bn15.0%
9Saudi ArabiaUSD 3.3 bn3.0%USD 20.2 bn20.0%
10ChileUSD 2.7 bn2.5%USD 11.0 bn15.0%
11South KoreaUSD 2.6 bn2.4%USD 10.4 bn14.9%
12SpainUSD 1.8 bn1.7%USD 7.3 bn15.0%
13FranceUSD 1.3 bn1.2%USD 5.1 bn15.0%
14CanadaUSD 879 mn0.8%USD 3.6 bn15.0%
15NetherlandsUSD 619 mn0.6%USD 2.5 bn14.8%
16BrazilUSD 423 mn0.4%USD 2.1 bn17.4%
17MexicoUSD 304 mn0.3%USD 1.5 bn17.2%
18PolandUSD 206 mn0.2%USD 1.0 bn17.2%
19BelgiumUSD 141 mn0.1%USD 571 mn15.0%
20SwedenUSD 98 mn0.09%USD 395 mn15.0%
21PhilippinesUSD 76 mn0.07%USD 351 mn16.6%
22TurkeyUSD 54 mn0.05%USD 264 mn17.1%
23TaiwanUSD 33 mn0.03%USD 132 mn15.0%
24EgyptUSD 22 mn0.02%USD 132 mn19.8%
25United Arab EmiratesUSD 22 mn0.02%USD 88 mn15.0%
Rest of worldUSD 3.4 bn3.1%USD 13.4 bn14.6%
Exhibit 5China and United States account for 58% of the USD 331 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Energy Storage market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 109 bn. China: +USD 120 bn; United States: +USD 71.4 bn; India: +USD 22.9 bn; Saudi Arabia: +USD 16.9 bn; United Kingdom: +USD 13.2 bn; 20 other countries: +USD 75.8 bn; Rest of world: +USD 10.0 bn. Market value 2036: USD 439 bn.Market value 2026109 bnChina+120 bnUnited States+71.4 bnIndia+22.9 bnSaudi Arabia+16.9 bnUnited Kingdom+13.2 bn20 other countries+75.8 bnRest of world+10.0 bnMarket value 2036439 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • CATL
  • BYD
  • Tesla
  • Sungrow
  • LG Energy Solution
  • Fluence Energy
  • Huawei Digital Power
  • Trina Solar

Group 2: Regional and specialist players

  • Samsung SDI
  • Wartsila
  • Hithium
  • EVE Energy
  • Envision Energy
  • Gotion High-tech
  • Canadian Solar
  • Saft
  • Hyperstrong
  • Hitachi Energy

Group 3: Emerging and niche players

  • Eos Energy Enterprises
  • ESS Tech
  • Form Energy
  • Invinity Energy Systems
  • Energy Vault
  • Highview Power
  • Hydrostor

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the energy storage market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 15.0% is calculated from the resulting values.

The market is divided by technology, by application, by storage duration, by ownership, by system size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the energy storage market?

The global energy storage market is estimated at USD 92.0 bn in 2025 and USD 109 bn in 2026.

How fast will the energy storage market grow?

It is forecast to reach USD 439 bn by 2036, a compound annual growth rate of 15.0% from 2026, an increase of USD 331 bn.

Which country is the largest market for energy storage?

China is the largest market by revenue at USD 39.1 bn in 2026, 36.0% of the global total. The three largest countries together hold 65.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 20.1% a year from 2026 to 2036.

Which energy storage segment is largest?

In the by technology split, Lithium-ion batteries is the largest segment with 68.0% of 2026 revenue.

Who are the leading energy storage companies?

Global leaders include CATL, BYD, Tesla, Sungrow.

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