Stationary Battery Storage Market Size

Stationary Battery Storage Market size was valued at USD 123.92 billion in 2024 and is anticipated to reach USD 2.13 trillion by the end of 2037, registering around 24.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of stationary battery storage is evaluated at USD 148.21 billion.. The market is expanding at a very quick pace owing to numerous causes contribute to this expansion, one of which is the expanding usage of renewable energy sources as a result of growing environmental concerns. By 2028, electricity generated worldwide will come from renewable sources at a rate of over 42%, with solar and wind power producing 25% of the total.

In addition to these, the market is expected to expand as a result of advantageous laws and regulations. As an example, the Spanish government issued its Energy Storage Strategy in February 2021, outlining its goal of installing 20 GW of grid-scale and behind-the-meter storage throughout the nation by 2030.In a similar vein, the Chinese government declared in July 2021 that it intended to install over 30 GW of energy storage throughout the nation by 2025. In comparison to 2021, this is predicted to enhance the nation's capacity by an eight-fold margin.