Global Energy Storage Market Forecast 2019

August 28, 2019 | State of the Market Report

In this 2019 edition of our biennial market forecasting report, we find that by 2035, the total energy storage market will grow to $546 billion in annual revenue and 3,046 GWh in annual deployments. Mobility remains the long-term driver of energy storage annual revenue and demand, with a 2035 total market share of 74% by annual revenue and 91% by demand. Meanwhile, the stationary storage market will surpass the electronic devices market in 2023, when we project it will become a $30 billion industry of 52 GWh in installations. This growth will be driven by the commercialization of several key innovative technologies, including solid-state batteries and flow batteries.

Coverage Areas

  • Energy Storage
  • Owning the Energy Transition
  • The Future of Mobility

Table of Contents

  • Title page
  • Executive Summary
  • Table of Contents
  • Introduction
  • Methodology
  • Results
  • Outlook

Lead Analysts

Chloe Holzinger
Analyst
Tim Grejtak
Analyst
Christopher Robinson
Senior Analyst

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978