The batteries for stationary energy storage market aid grid stability, store renewable energy, and are set to grow rapidly from 2025 to 2034.
Highlights of the Batteries for Stationary Energy Storage Market
- North America dominated the global batteries for stationary energy storage market in 2024.
- Asia-Pacific is expected to show the fastest growth in the forecasted period of 2025-2034.
- By battery, the lithium ion segment has contributed to the major market share in 2024.
- By battery, the sodium sulphur segment is expected to grow at a rapid rate in the forecasted period.
- By application, grid services dominated the market in 2024.
- By application, the behind the meter segment is expected to show the fastest growth in the forecasted period of 2025-2034.
Batteries for stationary energy storage, or battery energy storage systems (BESS), are made to store electric energy to use it later and are commonly used in households, Utility grids and businesses. These are batteries infused with advanced technologies like lithium-ion, redox flow batteries, and lead-acid. These batteries help balance electricity supply and demand with grid stabilization and provide emergency power during power cuts.
With the growth in volume of renewable energy sources penetrating the electricity grids increases, the demand for batteries for stationary energy storage also increases. The batteries for stationary energy storage market are expected to grow rapidly in the forecasted period from 2025-2034 with the major developments in technology and government incentive and subsidies for the businesses.
Batteries for Stationary Energy Storage Market: Stats and Figures
- Renewable electricity generation throughout the world is expected to increase by over 10,000 terawatt-hours at the end of the forecasted period of 2025-2034, which is an increase of over 90% from 2023.
- According to the IESA, the India Energy Storage Market was USD 2.1 billion in 2019 and is expected to have a CAGR of 8% by 2027.
- China added 23 gigawatts to its energy storage capacity in 2023, which is a 221% increase from 2022.
- Renewable energy’s adaptability is ascertained to rise from 30% in 2022 to 42% by 2028.
How AI has benefitted the Batteries for Stationary Energy Storage Market
- Artificial Intelligence (AI) is one of the major game changers in many industries and helps business owners streamline their operations and reduce costs.
- AI helps in making the batteries for stationary energy storage into smart technology by integrating different devices along with predictive maintenance and smart energy storage.
- AI also helps businesses reduce costs by automating daily tasks and replacing manual labor.
- AI enables smart energy usage and thus reduces operations costs for businesses.
- AI helps in the optimization of energy storage systems for better efficiency and reliability.
Industry Leader Announcements
- John Zahurancik, Fluence President, Americas said-
“Grid-connected energy storage was created in the U.S. to increase reliability and lower the cost of all forms of power. By expanding the use of U.S.-manufactured content in these systems, we are supporting a stronger supply chain necessary to move toward even greater energy independence.”
- A Samsung SDI official, after winning the InterBattery awards 2025, said-
“This award proves SAMSUNG SDI's technological capabilities to constantly innovate and challenge. We will continue to proactively discover future technologies in advance of the upcoming supercycle,” said a SAMSUNG SDI official.
Geographical Insights
North America
North America dominated the global batteries for stationary energy storage market in 2024. The market drivers for such a huge contribution in the market are the increase in awareness for renewable resources and initiatives by the government to boost the production of such renewable resources through incentives and subsidies.
- The United States has seen continuous growth, and with that, currently, its active utility-scale battery capacity is around 16GW in 2023, and the developers plan to add 15GW in 2024 and around 9GW in 2025.
- The United States expands its battery storage to its electric capacity of 7 gigawatts, an increase of 2.5 gigawatts in 2023 compared to 2022. The developers are planning to expand their capacity by 14.3 gigawatts by 2024.
APAC
Asia-Pacific is expected to be the fastest-growing region in the forecasted period of 2025-2034 in the global batteries for stationary energy storage market. The growth in the market is attributed to advancements in technology and an increase in the awareness of the use of renewable resources and energy, due to which the demand for batteries for energy storage has risen.
- China accounted for over 40% of global renewable capacity expansion between 2019 and 2024; the expansion of the industry is driven by lower curtailment rates, improved system integration, and rising competition between solar PV and onshore wind.
Recent Developments
- In March 2025, Samsung SDI announced the production of 46-series cylindrical batteries with a diameter of 36 millimeters for overseas customers. With this it became the first Korean company to supply 46-series cylindrical batteries to overseas customers with a vision to expand its base.
- In Feb 2025, Cordelio Power (Company that owns and manages Fluence Energy) announced that Fluence Energy will supply 1GWh of battery storage systems across three projects starting from 2026.
- In February 2025, Samsung SDI won the InterBattery Award 2025 for the material and electrode technology for the LFP+ platform. This is the company’s second consecutive win for such innovative battery technologies.
- In October 2024, GM Energy subsidiary General Motors Co. launched the “GM Energy PowerBank” stationary energy storage unit designed for residential charging products. The product allows the EV consumer to transfer and store energy from the grid.
Competitive Landscape
The batteries for stationary energy storage market is highly competitive with big players like Samsung SDI, Panasonic, Fluence energy, SAFT, VARTA, and many more. The market is rapidly growing and attracting new players with innovative methods and ideas to compete with the already established players with assistance from the governments through subsidies and incentives. The market is dominated by several companies, but the companies that are renowned for their contribution in the market are listed below:
- Company Name: SAMSUNG SDI
- Year of Incorporation: 1970
- Headquarters: Yongin, South Korea
Samsung SDI Co. is Headquartered in South Korea and provides energy solutions and electronic materials and specializes in rechargeable batteries for various applications. The company recorded an annual revenue of $ 11.55 billion in 2024 and is growing at a CAGR of 12%.
- Company Name: Fluence Energy
- Year of Incorporation: 2018
- Headquarters: Arlington, Virginia
Fluence Energy is one of the leading producers of products, services, and optimization software for renewables and storage. The company recorded an annual revenue of $ 2.52 billion in 2024.
- Company Name: Panasonic
- Year of Incorporation: 1935
- Headquarters: Osaka, Japan
Panasonic is one of the leading global electronics companies aiming to provide cutting-edge electronic technologies and solutions for consumer electronics, businesses, housing, and automotive and now it has also started to focus on AI and renewable energy. Panasonic recorded an annual revenue of $56.04 billion in the year 2024.
