The Next Trillion Market
The United States, China, and Europe, as the largest energy storage markets, will still maintain their dominant position. It is expected that the energy storage demand of the power systems in the three places will be 84, 76, and 27GWh respectively in 2025, and the CAGR from 2021 to 2025 will be 68%, 111%, and 77% respectively.
Taking into account energy storage, portable and base station energy storage in other regions, global energy storage demand is expected to reach 288GWh in 2025, with a CAGR of 53% from 2021 to 2025.