Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Intelligent Energy Storage Systems Market size was valued at USD 13.27 billion in 2024 and is expected to reach USD 44.74 billion by 2037, registering around 9.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of intelligent energy storage systems is assessed at USD 14.38 billion.
Aging power grids and the need for more resilient and efficient energy distribution systems drive the demand for intelligent energy storage. These systems can stabilize voltage, frequency, and overall grid performance, reducing strain during peak demand periods and preventing power outages. In a survey done, it was found that 70% of the U.S. electricity grid is more than 25 years old and in need of replacement as they are vulnerable to intense storms, and more are built to utilize fossil fuels as a form of energy.
Further, the increased adoption of renewable energy sources like solar and wind power creates fluctuations in energy supply. In 2020, the percentage of renewable energy in the world's electrical generation increased to 29%. Intelligent energy storage systems help by storing excess energy during peak production and releasing it during low production times, ensuring a steady and reliable energy supply.
