The Next Generation Energy Storage System Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (Batteries, Thermal, Mechanical, Pumped hydro, Others), Connectivity (On-Grid Connection, Off-Grid Connection), Battery (Lead-Acid Battery Energy Storage, Lithium Battery Energy Storage, Others).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Next Generation Energy Storage System industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Next Generation Energy Storage System companies. The Next Generation Energy Storage System demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Next Generation Energy Storage System industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
The next-generation energy storage system market is evolving due to the growing need for reliable and efficient energy storage solutions. Key trends include advancements in battery technologies (lithium-ion, flow batteries, solid-state batteries), innovations in grid-scale energy storage, and the integration of energy storage systems with renewable power sources. Additionally, there's a trend towards modular and scalable storage solutions, deployment of energy storage for grid stability, and focus on storage systems for electric vehicles and smart grids.
Key drivers propelling the next-generation energy storage system market include the integration of renewables into the energy mix, the need for grid stabilization, and the rise in electric vehicle adoption. Next-generation storage systems offer advantages such as improved energy density, faster charging capabilities, and grid flexibility, driving their adoption across residential, commercial, and industrial sectors. Moreover, the global shift towards clean energy and the demand for reliable power supply contribute significantly to market growth.
Opportunities in the next-generation energy storage system market lie in developing advanced battery chemistries, enhancing storage system performance, and addressing cost challenges for large-scale deployment. Collaboration among energy storage developers, utilities, and technology providers can drive innovation and market expansion. Moreover, investing in scalable energy storage solutions, grid integration technologies, and leveraging storage for microgrids unlock new growth prospects.
Next Generation Energy Storage Systems refer to innovative technologies or designs in energy storage, aiming to improve efficiency, capacity, and performance. These systems include advanced battery technologies, supercapacitors, or novel storage mediums, enabling better energy management and grid integration.
By Type
• Batteries
• Thermal
• Mechanical
• Pumped hydro
• Others
By Connectivity
• On-Grid Connection
• Off-Grid Connection
By Battery
• Lead-Acid Battery Energy Storage
• Lithium Battery Energy Storage
• Others
By Region
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)
• ABB Ltd
• Eversource Energy
• Fluence Energy, LLC
• General Electric Company
• Invenergy LLC
• Johnson Controls International plc
• LG Chem Ltd.
• NextEra Energy, Inc.
• Panasonic Corporation
• Samsung SDI Co., Ltd.
• Siemens AG
• sonnen GmbH
• Tesla, Inc.
• Toshiba Corporation
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Next Generation Energy Storage System market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Next Generation Energy Storage System industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Next Generation Energy Storage System MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Next Generation Energy Storage System Market Size Outlook, $ Million, 2021 to 2030
3.2 Next Generation Energy Storage System Market Outlook by Type, $ Million, 2021 to 2030
3.3 Next Generation Energy Storage System Market Outlook by Product, $ Million, 2021 to 2030
3.4 Next Generation Energy Storage System Market Outlook by Application, $ Million, 2021 to 2030
3.5 Next Generation Energy Storage System Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Next Generation Energy Storage System Industry
4.2 Key Market Trends in Next Generation Energy Storage System Industry
4.3 Potential Opportunities in Next Generation Energy Storage System Industry
4.4 Key Challenges in Next Generation Energy Storage System Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Next Generation Energy Storage System Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Next Generation Energy Storage System MARKET OUTLOOK BY SEGMENTS
7.1 Next Generation Energy Storage System Market Outlook by Segments
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
8 NORTH AMERICA Next Generation Energy Storage System MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Next Generation Energy Storage System Markets in 2024
8.2 North America Next Generation Energy Storage System Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Next Generation Energy Storage System Market size Outlook by Segments, 2021-2030
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
9 EUROPE Next Generation Energy Storage System MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Next Generation Energy Storage System Markets in 2024
9.2 Europe Next Generation Energy Storage System Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Next Generation Energy Storage System Market size Outlook by Segments, 2021-2030
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
10 ASIA PACIFIC Next Generation Energy Storage System MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Next Generation Energy Storage System Markets in 2024
10.2 Asia Pacific Next Generation Energy Storage System Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Next Generation Energy Storage System Market size Outlook by Segments, 2021-2030
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
11 SOUTH AMERICA Next Generation Energy Storage System MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Next Generation Energy Storage System Markets in 2024
11.2 South America Next Generation Energy Storage System Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Next Generation Energy Storage System Market size Outlook by Segments, 2021-2030
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
12 MIDDLE EAST AND AFRICA Next Generation Energy Storage System MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Next Generation Energy Storage System Markets in 2024
12.2 Middle East and Africa Next Generation Energy Storage System Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Next Generation Energy Storage System Market size Outlook by Segments, 2021-2030
Type
- Batteries
- Thermal
- Mechanical
- Pumped hydro
- Others
Connectivity
- On-Grid Connection
- Off-Grid Connection
Battery
- Lead-Acid Battery Energy Storage
- Lithium Battery Energy Storage
- Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- ABB Ltd
- Eversource Energy
- Fluence Energy, LLC
- General Electric Company
- Invenergy LLC
- Johnson Controls International plc
- LG Chem Ltd.
- NextEra Energy, Inc.
- Panasonic Corporation
- Samsung SDI Co., Ltd.
- Siemens AG
- sonnen GmbH
- Tesla, Inc.
- Toshiba Corporation
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Next Generation Energy Storage Systems refer to innovative technologies or designs in energy storage, aiming to improve efficiency, capacity, and performance. These systems include advanced battery technologies, supercapacitors, or novel storage mediums, enabling better energy management and grid integration.
By Type
• Batteries
• Thermal
• Mechanical
• Pumped hydro
• Others
By Connectivity
• On-Grid Connection
• Off-Grid Connection
By Battery
• Lead-Acid Battery Energy Storage
• Lithium Battery Energy Storage
• Others
By Region
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)
The global Next Generation Energy Storage System Market is one of the lucrative growth markets, poised to register a 12.2% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
ABB Ltd , Eversource Energy , Fluence Energy, LLC , General Electric Company , Invenergy LLC , Johnson Controls International plc , LG Chem Ltd. , NextEra Energy, Inc. , Panasonic Corporation , Samsung SDI Co., Ltd. , Siemens AG , sonnen GmbH , Tesla, Inc. , Toshiba Corporation,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume