Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Renewable Battery Storage Market size was valued at USD 21.74 billion in 2024 and is likely to cross USD 230.1 billion by 2037, expanding at more than 19.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of renewable battery storage is estimated at USD 25.42 billion.
The growth of the market can be attributed to increasing use of renewable energy worldwide and the rising adoption of battery storage systems. Battery energy storage systems are evolving as one of the major solutions for the effective integration of solar and wind power renewables in the power systems across the world. Thus, the rapidly increasing demand for power has influenced the increased adoption of renewable battery energy storage systems in various end-use sectors. Moreover, increasing government incentives for renewable energy storage systems and the rising trends for energy-storage-as-a-service (ESaaS) services are also anticipated to contribute to the renewable battery storage market growth during the forecast period.
