REPORT: Energy Storage Market Continues Strong Growth in Q1
HOUSTON/WASHINGTON, D.C. June 25, 2025 — According to the new U.S. Energy Storage Monitor developed by Wood Mackenzie and the American Clean Power
HOUSTON/WASHINGTON, D.C. June 25, 2025 — According to the new U.S. Energy Storage Monitor developed by Wood Mackenzie and the American Clean Power
The report provides a current market overview of the global energy storage industry, including recent trends, drivers, challenges, and outlook in major countries across Europe and the
The U.S. energy storage market size crossed USD 106.7 billion in 2024 and is expected to grow at a CAGR of 29.1% from 2025 to 2034, driven by increased renewable energy integration and
The energy storage systems market size is expected to see strong growth in the next few years. It will grow to $379.29 billion in 2029 at a compound annual growth rate
In the last year, regional dynamics have demonstrated energy storage markets reaching maturity. Last year brought some interesting developments: The US saw record
In this report, our lawyers outline key developments and emerging trends that will shape the energy storage market in 2025 and beyond.
The size of the energy storage industry in the U.S. will be driven by rising electrical applications and the adoption of rigorous energy efficiency standards. The industry''s growth will be aided
By geography, Asia-Pacific led with 43% of the energy storage market share in 2024, whereas North America is expected to post the fastest 14.5% CAGR through 2030. By
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China,
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests investors often underestimate the value of
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