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The Global Renewable Energy Storage Market Size reached US$ 949.9 Million in 2023 and is expected to reach US$ 2,253.0 Million by 2031, growing with a CAGR of 11.4% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Renewable Energy Storage Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Mergers & Acquisitions

Global renewable and energy storage M&A activity reached around USD 43 billion in the first half of 2025, driven by large-scale grid-connected battery and solar portfolio deals. The most active regions were North America ($16B), Europe ($13B), and APAC + LATAM ($12B).

The European energy storage sector saw more than 11 GW of traded battery capacity, reflecting investor confidence in grid-scale battery systems and hybrid renewables.

M&A activity in energy storage projects increased by 138% in H1 2025, focusing primarily on utility-scale storage assets; the number of project deals rose to 31 from 13 in 2024, even though overall corporate M&A remained subdued.

Product & Technology Launches

Ola Electric introduced Ola Shakti, its first stationary energy storage product for homes, farms, and small businesses. The product line uses in-house 4680 Bharat Cells and comes in configurations between 1.5 kWh and 9.1 kWh, with pricing starting around INR 29,999.​

Hithium unveiled an AI-driven long-duration energy storage system optimized for data centers, aiming to support low-carbon transition and sustainable computing by 2030.​

A major milestone in Europe came with the opening of the first "Made in Europe" BESS factory in Bulgaria, marking a step toward localizing battery storage manufacturing and reducing supply chain dependence.​

The SECI (Solar Energy Corporation of India) launched a tender for 4.8 GWh renewables-plus-storage projects in India, encouraging domestic and international developers to pair solar and wind capacity with grid batteries.​

Cummins India began offering battery energy storage systems tailored to industrial and commercial consumers, enhancing reliability and grid flexibility.

Key Players:

Delta Electronics, Inc., General Electric Company, Hitachi, Ltd., Siemens Energy, Tesla, Inc., Toshiba Corporation, Trina Solar Co., Ltd., ABB Ltd., EVLO Energy Storage Inc. and NEC Corporation

Growth Forecast Projected:

The Global Renewable Energy Storage Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Renewable Energy Storage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Investments:-

Despite robust project activity, total global energy storage corporate funding declined 41% YoY in the first half of 2025-standing at USD 9.1 billion across 55 deals, compared with USD 15.4 billion in 2024. The dip was largely due to regulatory uncertainty in the U.S. and changes to tax credit programs.

Venture capital funding also fell by about 29%, totaling USD 1.7 billion; top deals included financing for companies like KoBold Metals ($537M) and Green Flexibility ($411M).

According to Coherent Market Insights, the global energy storage system market is expected to reach USD 52.95 billion in 2025, growing to USD 86.76 billion by 2032 at a CAGR of 7.3%. The Asia-Pacific region holds nearly 48% of the market share due to high investments and pro-renewable policies in India, China, and Japan.

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Renewable Energy Storage producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Renewable Energy Storage revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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Renewable Energy Storage Market Lates News

✅ In Q2 2025, the PJM Interconnection, one of the largest U.S. power grids, added a record 5.6 GW / 17.8 GWh of battery storage. The U.S. renewable energy storage market is projected to reach 43 GW by 2045, driven by the growing integration of renewables and the need for improved grid reliability.

✅ In H1 2025, Europe recorded over 11 GW of battery capacity traded, indicating strong investor momentum in grid-scale and hybrid energy storage projects. Additionally, Bulgaria launched its first domestic battery storage manufacturing plant, boosting regional supply chain independence.

✅ In 2025, the Dutch pension fund APG invested €300 million ($350 million) in energy storage operator Return, supporting plans for a 5 GW battery network across Europe by 2030, including the largest battery unit in the Netherlands (350 MW).

✅ Throughout 2025, the Asia-Pacific region-including China, Japan, South Korea, and Australia-emerged as a global leader in renewable energy storage expansion. Government incentives, large-scale investments, and Australia's "mega battery" projects replacing coal capacity are propelling regional growth, while emerging markets like Saudi Arabia and South Africa are joining the energy storage expansion wave.

FAQ's

Q1: What is the current size of the Renewable Energy Storage Market?

A: The Renewable Energy Storage Market stood at US$ 949.9 Million in 2023 and is set to experience remarkable growth, reachingUS$ 2,253.0 Million by 2031

Q2: How fast is the Renewable Energy Storage Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 11.4%from 2024 to 2031

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