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

  • 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
Director, Research

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