By 2031, the cumulative global energy storage deployment is projected to reach 278 gigawatt-hours, up from roughly 40 gigawatt-hours in 2022. The compound annual growth rate of the sector is forecast at approximately 30 percent between 2021 and 2031.
Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours)
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Energy storage worldwide
Overview
7
- Premium Statistic Projected electricity generation worldwide 2015-2050
- Premium Statistic Global outlook on electricity generation 2022-2050, by energy source
- Premium Statistic Renewables generation capacity outlook 2020-2050, by source
- Premium Statistic Global energy consumption forecast 1990-2050
- Basic Statistic Global energy consumption 1990-2050, by energy source
- Basic Statistic Global electricity consumption 1980-2022
- Basic Statistic Power system flexibility capacity share worldwide 2021, by source
Market size
5
- Premium Statistic Global energy storage systems market size 2021-2031
- Premium Statistic Pumped hydro storage market value worldwide 2023-2030
- Premium Statistic Global battery energy storage market value 2023-2028
- Premium Statistic Thermal energy storage market value worldwide 2022-2030
- Premium Statistic Global hydrogen energy storage market value 2024-2028
Capacity
7
- Premium Statistic Global cumulative electric energy storage capacity 2015-2022
- Premium Statistic Breakdown of global cumulative electric energy storage capacity 2022, by region
- Basic Statistic Global pure pumped storage capacity 2010-2023
- Basic Statistic Global pumped storage capacity 2023, by leading country
- Basic Statistic Energy storage capacity additions in batteries worldwide 2011-2021
- Premium Statistic Projected global electricity capacity from battery storage 2022-2050
- Premium Statistic Global electrolyzer manufacturing capacity estimates 2022-2027
Projects
4
- Basic Statistic Pumped hydro energy storage projects worldwide 2011-2022
- Premium Statistic Global electrochemical energy storage projects 2021 by technology
- Basic Statistic Number of energy storage projects in the U.S. 2011-2021, by technology
- Basic Statistic Number of energy storage projects in Europe 2011-2021, by technology
Investments
3
Further related statistics
18
- U.S. energy storage capacity outlook by sector 2018-2024
- Rated power of energy storage projects in the U.S. 2021, by technology
- Share of U.S. energy storage companies experiencing delays due to coronavirus in 2020
- Global annual deployed energy storage capacity by emerging region 2016-2025
- Global remote microgrid energy storage costs by battery type 2016
- Nominal power of U.S. energy storage projects by technology 2016
- Global share of energy storage capacity by region 2000-2015
- U.S. energy storage capacity addition revised outlook due to Covid-19 2020
- U.S. energy storage installation outlook 2013-2020
- Global share of revenue from battery- related business among key companies 2015
- Outlook on Tesla's battery costs 2008-2018
- Installed grid-scale energy storage capacity in the U.S. by state 2014
- U.S. energy storage and solar employment outlook by sector 2021
- Global electricity storage investments by storage type 2015
- Tesla's lithium battery production volume outlook by category 2013-2020
- Share of U.S. Iraq and Afghanistan veterans by deployments and combat area 2020
- Learning rate of energy technologies worldwide 2019
- Lithium battert production cost structure 2015
Further Content: You might find this interesting as well
Statistics
- U.S. energy storage capacity outlook by sector 2018-2024
- Rated power of energy storage projects in the U.S. 2021, by technology
- Share of U.S. energy storage companies experiencing delays due to coronavirus in 2020
- Global annual deployed energy storage capacity by emerging region 2016-2025
- Global remote microgrid energy storage costs by battery type 2016
- Nominal power of U.S. energy storage projects by technology 2016
- Global share of energy storage capacity by region 2000-2015
- U.S. energy storage capacity addition revised outlook due to Covid-19 2020
- U.S. energy storage installation outlook 2013-2020
- Global share of revenue from battery- related business among key companies 2015
- Outlook on Tesla's battery costs 2008-2018
- Installed grid-scale energy storage capacity in the U.S. by state 2014
- U.S. energy storage and solar employment outlook by sector 2021
- Global electricity storage investments by storage type 2015
- Tesla's lithium battery production volume outlook by category 2013-2020
- Share of U.S. Iraq and Afghanistan veterans by deployments and combat area 2020
- Learning rate of energy technologies worldwide 2019
- Lithium battert production cost structure 2015
Wood Mackenzie. (April 25, 2023). Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/
Wood Mackenzie. "Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours)." Chart. April 25, 2023. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/
Wood Mackenzie. (2023). Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours). Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/
Wood Mackenzie. "Projected Cumulative Deployment Capacity of Energy Storage Market Worldwide in 2021, with Forecast Figures to 2031 (in Gigawatt-hours)." Statista, Statista Inc., 25 Apr 2023, https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/
Wood Mackenzie, Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) Statista, https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/ (last visited May 16, 2024)
Projected cumulative deployment capacity of energy storage market worldwide in 2021, with forecast figures to 2031 (in gigawatt-hours) [Graph], Wood Mackenzie, April 25, 2023. [Online]. Available: https://www.statista.com/statistics/728652/projected-energy-storage-market-capacity-deployment-globally/