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Energy Storage System Market - Top Companies and Manufacturers

  • Report ID: 3963
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Companies Dominating the Energy Storage System Landscape

    • East Penn Manufacturing Co., Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Altairnano, Ecoult
    • Electrovaya
    • GENERAL ELECTRIC
    • Langley Holdings plc
    • LG Chem
    • Maxwell Technologies, Inc.
    • Saft
    • Showa Denko Materials Co., Ltd.
    • The Furukawa Battery Co., Ltd.
Browse Key Market Insights with Data Illustration:

In the News

  • LG Chem, Ltd. to make a substantial equity investment in North America’s largest battery recycling company, ‘Li-Cycle’. LG Chem and LG Energy Solution is estimated to also supply 20,000 tons of nickel for recycling, over ten years’ period starting in 2023.

  • Electrovaya Inc. entered into a strategic supply agreement with the Raymond Corporation for the supply of battery systems for Raymond’s energy essentials battery line.


Author Credits:  Dhruv Bhatia


  • Report ID: 3963
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of energy storage system is assessed at USD 267.43 billion.

The energy storage system market size was over USD 252.1 billion in 2024 and is likely to reach USD 642.43 billion by the end of 2037, witnessing around 7.5% CAGR during the forecast period i.e., between 2025-2037. Worldwide growing demand for energy, an upsurge in investments in renewable energy, and massive surge in the demand for batteries will boost the market growth.

Asia Pacific industry is projected to dominate the revenue share by 2037, led by massively increasing demand for energy in the region owing to rapid urbanization.

The major players in the market include Altairnano, Ecoult, Electrovaya, GENERAL ELECTRIC, Langley Holdings plc, LG Chem, Maxwell Technologies, Inc., Saft, Showa Denko Materials Co., Ltd., The Furukawa Battery Co., Ltd.
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