PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1876124
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1876124
Long Duration Energy Storage Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Long Duration Energy Storage (LDES) Market
The global Long Duration Energy Storage (LDES) market was valued at USD 3.14 billion in 2024, is projected to reach USD 3.17 billion in 2025, and is expected to grow to USD 4.44 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.49% during the forecast period (2025-2032).
Long Duration Energy Storage (LDES) encompasses technologies capable of storing energy for 10 hours or more, enabling the storage of surplus renewable energy-such as solar or wind-and its release during high-demand periods. LDES systems ensure consistent, reliable, and sustainable energy supply, playing a crucial role in the transition toward net-zero energy systems. The market is being propelled by the integration of renewables, government incentives, and increasing demand for grid stability as renewable penetration rises globally.
Prominent players, including Sumitomo Electric Industries, ESS Tech, Energy Vault, and Invinity Energy Systems, are advancing flow battery, mechanical, and electrochemical storage technologies. Their focus lies in improving scalability, cost efficiency, and grid flexibility through long-duration storage deployments across utility and commercial sectors.
Market Trends
A major trend shaping the LDES industry is the deployment of large-capacity, multi-hour energy storage systems designed to strengthen grid reliability. These projects enable energy storage for peak load management and renewable smoothing.
Notably, Energy Vault's 25 MW/100 MWh gravity-based system in China and India's pumped hydro storage projects (up to 1,800 MW) signify global momentum toward grid-scale, multi-day energy storage. In June 2025, the LDES Council partnered with the Greening the Islands (GTI) Foundation to promote renewable grid integration projects exceeding 8-hour capacity, reflecting the increasing collaboration between public and private sectors for decarbonization.
Technological innovation, falling battery costs, and supportive frameworks such as the U.S. Inflation Reduction Act and Europe's energy transition initiatives are accelerating LDES adoption.
Market Dynamics
Drivers - Rising Renewable Energy Integration and Policy Support
The growing global commitment to renewable energy expansion is driving the LDES market. These systems help balance the intermittent nature of solar and wind power by storing surplus energy during high generation and releasing it during shortfalls.
For instance, in October 2025, India's Ministry of New and Renewable Energy announced a 1,500 MW renewable integration plan, stimulating local demand for LDES projects. Likewise, U.S. tax incentives under the Inflation Reduction Act (IRA) and the U.K.'s cap-and-floor regime are boosting investments by offering revenue guarantees and lowering capital risk for long-term projects.
Restraints - High Upfront Costs and Limited Commercialization
The high capital costs of LDES technologies, including flow batteries, thermal systems, and pumped hydro, hinder large-scale adoption. Average installation costs remain above USD 1,500-2,500 per kW, making short-duration lithium-ion storage more financially attractive in the short term. Additionally, the limited commercialization of novel storage technologies delays economies of scale.
Opportunities - Growing Demand for Reliable and Resilient Power
The expanding energy needs of data centers, electric vehicle charging networks, and AI-driven facilities create vast opportunities for LDES deployment. These systems provide critical backup power during outages and support grid resilience against extreme weather events.
In December 2024, the California Energy Commission approved a USD 42 million LDES project, the largest of its kind in collaboration with the U.S. Department of Defense, underscoring growing public investment in long-duration power reliability.
Challenges - Complex Grid Integration
Integrating LDES into modern grids presents operational challenges related to real-time voltage and frequency control, compliance with evolving grid codes, and synchronization with renewable resources. The lack of standardized interconnection protocols across regions further complicates deployment.
Segmentation Insights
By Technology
The mechanical segment led the market in 2024, accounting for 44.35% of the total share due to its long operational life and scalability. Projects like China's Fengning Pumped Storage Station (3.6 GW) exemplify the dominance of large-scale mechanical storage.
The electrochemical segment-comprising flow and lithium-based batteries-is the fastest-growing, expected to expand at a CAGR of 6.37% during the forecast period owing to declining material costs and modular design advantages.
By Power Capacity
The up to 500 MW segment dominated in 2024, holding a 77.7% market share, due to its cost-effectiveness and adaptability for renewable integration and peak load management. However, the above 2,000 MW category is projected to grow fastest, with a CAGR of 9.15%, as nations pursue multi-gigawatt grid storage projects for energy security.
By Application
The renewable energy segment led the market in 2024 with a 59.6% share, driven by the growing need to store and balance intermittent power from wind and solar. The power backup segment is the fastest-growing (CAGR 5.14%) as governments and industries seek resilient solutions for emergency power supply.
By End-User
The utility sector dominated in 2024 with a 74.1% share, driven by the integration of renewable sources into national grids. For example, in June 2025, Spain's government recognized LDES as a strategic tool to modernize its grid infrastructure. The commercial and industrial segment, growing at 5.23% CAGR, is supported by industries requiring continuous power for critical operations.
Regional Insights
North America
North America led the global LDES market with a valuation of USD 1.17 billion in 2024. The U.S. dominates regional growth, driven by DOE funding initiatives such as the USD 15 million allocation (June 2025) for three LDES projects, focusing on next-generation grid resilience technologies.
Europe
Europe ranked second with a USD 0.98 billion market valuation in 2024, boosted by partnerships between the Energy Storage Coalition and the LDES Council to accelerate decarbonization. Major investments in flow batteries, compressed air storage, and thermal systems reflect Europe's commitment to a clean energy transition.
Asia Pacific
Asia Pacific is the fastest-growing regional market, expected to record a 5.18% CAGR. Growth is fueled by China's large-scale mechanical storage facilities, Japan's flow battery projects, and India's pumped hydro development under renewable integration initiatives.
Rest of the World
Regions such as the GCC and Latin America are seeing steady growth as governments prioritize energy diversification and grid reliability through hybrid renewable-LDES projects.
Competitive Landscape
The LDES market features a blend of established energy giants and innovative start-ups. Companies are focusing on new materials, system efficiency, and strategic collaborations to strengthen their global presence.
Key Players Include:
- Sumitomo Electric Industries, Ltd. (Japan)
- Energy Vault, Inc. (Switzerland)
- ESS Tech, Inc. (U.S.)
- Invinity Energy Systems (U.K.)
- Highview Power (U.K.)
- Eos Energy Enterprises (U.S.)
- MAN Energy Solutions (Germany)
- CMBlu Energy (Germany)
- Malta Inc. (U.S.)
- Form Energy (U.S.)
Recent Developments:
- July 2025: Google partnered with Energy Dome to deploy CO2 battery systems for carbon-free energy storage.
- June 2025: Root-Power unveiled plans for 2.4 GWh of LDES projects across the U.K.
- October 2024: Highview Power launched a 2.5 GWh LDES plant in Scotland, expanding national energy storage capacity fivefold.
- January 2025: The U.S. DOE announced a USD 1.76 billion loan guarantee for the Willow Rock A-CAES project in California.
Conclusion
The global Long Duration Energy Storage (LDES) market is poised for steady expansion through 2032, underpinned by renewable energy integration, government incentives, and the demand for resilient grid systems. Despite high initial costs and integration challenges, innovations in mechanical and electrochemical technologies, alongside large-scale public investments, are strengthening LDES's role in achieving a carbon-neutral global energy ecosystem.
Market Size Overview:
- 2024: USD 3.14 Billion
- 2025: USD 3.17 Billion
- 2032: USD 4.44 Billion
- CAGR (2025-2032): 4.49%
Segmentation By Technology
- Thermal
- Electrochemical
- Mechanical
By Power Capacity
- Upto 500 MW
- 501 MW to 2000 MW
- Above 2000 MW
By Application
- Renewable Energy
- Off-grid Microgrids
- Power Backup
- Others
By End-User
- Utility
- Commercial & Industrial
By Region
- North America (By Technology, By Power Capacity, By Application, By End-User, and By Country)
- U.S. (By End-User)
- Canada (By End-User)
- Europe (By Technology, By Power Capacity, By Application, By End-User, and By Country)
- U.K. (By End-User)
- Germany (By End-User)
- France (By End-User)
- Italy (By End-User)
- Rest of Europe (By End-User)
- Asia Pacific (By Technology, By Power Capacity, By Application, By End-User, and By Country)
- China (By End-User)
- Japan (By End-User)
- India (By End-User)
- South Korea (By End-User)
- Australia (By End-User)
- Rest of Asia Pacific (By End-User)
- Rest of the World (By Technology, By Power Capacity, By Application, and By End-User)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight into Regolatory Landscape
- 4.4. Porter's Five Forces Analysis
- 4.5. Impact of Tariffs on the Global Long-Duration Energy Storage Market
- 4.6. CXO Perspective
- 4.7. Industry SWOT Analysis
5. Global Long Duration Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast - By Technology
- 5.2.1. Thermal
- 5.2.2. Electrochemical
- 5.2.3. Mechanical
- 5.3. Market Analysis, Insights, and Forecast - By Power Capacity
- 5.3.1. Upto 500 MW
- 5.3.2. 501 MW to 2000 MW
- 5.3.3. Above 2000 MW
- 5.4. Market Analysis, Insights, and Forecast - By Application
- 5.4.1. Renewable Energy
- 5.4.2. Off-grid Microgrids
- 5.4.3. Power Backup
- 5.4.4. Others
- 5.5. Market Analysis, Insights, and Forecast - By End-User
- 5.5.1. Utility
- 5.5.2. Commercial & Industrial
- 5.6. Market Analysis, Insights, and Forecast - By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Rest of the World
6. North America Long Duration Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast - By Technology
- 6.2.1. Thermal
- 6.2.2. Electrochemical
- 6.2.3. Mechanical
- 6.3. Market Analysis, Insights, and Forecast - By Power Capacity
- 6.3.1. Upto 500 MW
- 6.3.2. 501 MW to 2000 MW
- 6.3.3. Above 2000 MW
- 6.4. Market Analysis, Insights, and Forecast - By Application
- 6.4.1. Renewable Energy
- 6.4.2. Off grid Microgrids
- 6.4.3. Power Backup
- 6.4.4. Others
- 6.5. Market Analysis, Insights, and Forecast - By End-User
- 6.5.1. Utility
- 6.5.2. Commercial & Industrial
- 6.6. Market Analysis, Insights, and Forecast - By Country
- 6.6.1. S. Market Analysis, Insights, and Forecast - By End-User
- 6.6.1.1. Utility
- 6.6.1.2. Commercial & Industrial
- 6.6.2. Canada Market Analysis, Insights, and Forecast - By End-User
- 6.6.2.1. Utility
- 6.6.2.2. Commercial & Industrial
- 6.6.1. S. Market Analysis, Insights, and Forecast - By End-User
7. Europe Long Duration Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast - By Technology
- 7.2.1. Thermal
- 7.2.2. Electrochemical
- 7.2.3. Mechanical
- 7.3. Market Analysis, Insights, and Forecast - By Power Capacity
- 7.3.1. Upto 500 MW
- 7.3.2. 501 MW to 2000 MW
- 7.3.3. Above 2000 MW
- 7.4. Market Analysis, Insights, and Forecast - By Application
- 7.4.1. Renewable Energy
- 7.4.2. Off grid Microgrids
- 7.4.3. Power Backup
- 7.4.4. Others
- 7.5. Market Analysis, Insights, and Forecast - By End-User
- 7.5.1. Utility
- 7.5.2. Commercial & Industrial
- 7.6. Market Analysis, Insights, and Forecast - By Country
- 7.6.1. UK Market Analysis, Insights, and Forecast - By End-User
- 7.6.1.1. Utility
- 7.6.1.2. Commercial & Industrial
- 7.6.2. Germany Market Analysis, Insights, and Forecast - By End-User
- 7.6.2.1. Utility
- 7.6.2.2. Commercial & Industrial
- 7.6.3. France Market Analysis, Insights, and Forecast - By End-User
- 7.6.3.1. Utility
- 7.6.3.2. Commercial & Industrial
- 7.6.4. Italy Market Analysis, Insights, and Forecast - By End-User
- 7.6.4.1. Utility
- 7.6.4.2. Commercial & Industrial
- 7.6.5. Rest of Europe Market Analysis, Insights, and Forecast - By End-User
- 7.6.5.1. Utility
- 7.6.5.2. Commercial & Industrial
- 7.6.1. UK Market Analysis, Insights, and Forecast - By End-User
8. Asia Pacific Long Duration Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast - By Technology
- 8.2.1. Thermal
- 8.2.2. Electrochemical
- 8.2.3. Mechanical
- 8.3. Market Analysis, Insights, and Forecast - By Power Capacity
- 8.3.1. Upto 500 MW
- 8.3.2. 501 MW to 2000 MW
- 8.3.3. Above 2000 MW
- 8.4. Market Analysis, Insights, and Forecast - By Application
- 8.4.1. Renewable Energy
- 8.4.2. Off grid Microgrids
- 8.4.3. Power Backup
- 8.4.4. Others
- 8.5. Market Analysis, Insights, and Forecast - By End-User
- 8.5.1. Utility
- 8.5.2. Commercial & Industrial
- 8.6. Market Analysis, Insights, and Forecast - By Country
- 8.6.1. China Market Analysis, Insights, and Forecast - By End-User
- 8.6.1.1. Utility
- 8.6.1.2. Commercial & Industrial
- 8.6.2. Japan Market Analysis, Insights, and Forecast - By End-User
- 8.6.2.1. Utility
- 8.6.2.2. Commercial & Industrial
- 8.6.3. India Market Analysis, Insights, and Forecast - By End-User
- 8.6.3.1. Utility
- 8.6.3.2. Commercial & Industrial
- 8.6.4. South Korea Market Analysis, Insights, and Forecast - By End-User
- 8.6.4.1. Utility
- 8.6.4.2. Commercial & Industrial
- 8.6.5. Australia Market Analysis, Insights, and Forecast - By End-User
- 8.6.5.1. Utility
- 8.6.5.2. Commercial & Industrial
- 8.6.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By End-User
- 8.6.6.1. Utility
- 8.6.6.2. Commercial & Industrial
- 8.6.1. China Market Analysis, Insights, and Forecast - By End-User
9. Rest of the World Long Duration Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast - By Technology
- 9.2.1. Thermal
- 9.2.2. Electrochemical
- 9.2.3. Mechanical
- 9.3. Market Analysis, Insights, and Forecast - By Power Capacity
- 9.3.1. Upto 500 MW
- 9.3.2. 501 MW to 2000 MW
- 9.3.3. Above 2000 MW
- 9.4. Market Analysis, Insights, and Forecast - By Application
- 9.4.1. Renewable Energy
- 9.4.2. Off grid Microgrids
- 9.4.3. Power Backup
- 9.4.4. Others
- 9.5. Market Analysis, Insights, and Forecast - By End-User
- 9.5.1. Utility
- 9.5.2. Commercial & Industrial
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2024
- 10.2. Company Profile
- 10.2.1. Sumitomo Electric Industries, Ltd.
- 10.2.1.1. Business Overview
- 10.2.1.2. Product & Services Offerings
- 10.2.1.3. Recent Developments
- 10.2.1.4. Financials (Based on Availability)
- 10.2.1. Sumitomo Electric Industries, Ltd.
11. Similar data will be provided for the below listed companies
- 11.1. MAN Energy Solutions
- 11.2. Energy Vaolt, Inc.
- 11.3. Eos Energy Enterprises
- 11.4. Invinity Energy Systems
- 11.5. CMBlu Energy
- 11.6. Highview Power
- 11.7. Malta Inc.
- 11.8. Primus Power
- 11.9. Form Energy
- 11.10. ESS, Inc.
List of Tables
- Table 1: Global Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032
- Table 2: Global Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Power Capacity, 2019-2032
- Table 3: Global Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Application, 2019-2032
- Table 4: Global Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
- Table 5: Global Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Region, 2019-2032
- Table 6: North America Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032
- Table 7: North America Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Power Capacity, 2019-2032
- Table 8: North America Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Application, 2019-2032
- Table 9: North America Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
- Table 10: North America Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032
- Table 11: U.S. Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 12: Canada Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 13: Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032
- Table 14: Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Power Capacity, 2019-2032
- Table 15: Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Application, 2019-2032
- Table 16: Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
- Table 17: Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032
- Table 18: UK Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 19: Germany Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 20: France Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 21: Italy Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 22: Rest of Europe Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 23: Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032
- Table 24: Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Power Capacity, 2019-2032
- Table 25: Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Application, 2019-2032
- Table 26: Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
- Table 27: Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032
- Table 28: China Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 29: Japan Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 30: India Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 31: South Korea Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 32: Australia Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 33: Rest of Asia Pacific Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032
- Table 34: Rest of the World Long Duration Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032
- Table 35: Rest of the World Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Power Capacity, 2019-2032
- Table 36: Rest of the World Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by Application, 2019-2032
- Table 37: Rest of the World Long Duration Energy Storage Market Revenue (USD Billion) Forecast, by End-User, 2019-2032
List of Figures
- Figure 1: Global Long Duration Energy Storage Market Revenue Breakdown (USD Billion, %), by Region, 2024 & 2032
- Figure 2: Global Long Duration Energy Storage Market Value Share (%), By Technology, 2024 & 2032
- Figure 3: Global Long Duration Energy Storage Market Forecast (USD Billion), by Thermal, 2019-2032
- Figure 4: Global Long Duration Energy Storage Market Forecast (USD Billion), by Electrochemical, 2019-2032
- Figure 5: Global Long Duration Energy Storage Market Forecast (USD Billion), by Mechanical, 2019-2032
- Figure 6: Global Long Duration Energy Storage Market Value Share (%), By Power Capacity, 2024 & 2032
- Figure 7: Global Long Duration Energy Storage Market Forecast (USD Billion), by Upto 500 MW, 2019-2032
- Figure 8: Global Long Duration Energy Storage Market Forecast (USD Billion), by 501 MW to 2000 MW, 2019-2032
- Figure 9: Global Long Duration Energy Storage Market Forecast (USD Billion), by Above 2000 MW, 2019-2032
- Figure 10: Global Long Duration Energy Storage Market Value Share (%), By Application, 2024 & 2032
- Figure 11: Global Long Duration Energy Storage Market Forecast (USD Billion), by Renewable Energy, 2019-2032
- Figure 12: Global Long Duration Energy Storage Market Forecast (USD Billion), by Off grid Microgrids, 2019-2032
- Figure 13: Global Long Duration Energy Storage Market Forecast (USD Billion), by Power Backup, 2019-2032
- Figure 14: Global Long Duration Energy Storage Market Forecast (USD Billion), by Others, 2019-2032
- Figure 15: Global Long Duration Energy Storage Market Value Share (%), By End-User, 2024 & 2032
- Figure 16: Global Long Duration Energy Storage Market Forecast (USD Billion), by Utility, 2019-2032
- Figure 17: Global Long Duration Energy Storage Market Forecast (USD Billion), by Commercial & Industrial, 2019-2032
- Figure 18: Global Long Duration Energy Storage Market Value (USD Billion), by Region, 2024 & 2032
- Figure 19: Global Long Duration Energy Storage Market Value Share (%), by Region 2024
- Figure 20: North America Long Duration Energy Storage Market Value Share (%), By Technology, 2024 & 2032
- Figure 21: North America Long Duration Energy Storage Market Forecast (USD Billion), by Thermal, 2019-2032
- Figure 22: North America Long Duration Energy Storage Market Forecast (USD Billion), by Electrochemical, 2019-2032
- Figure 23: North America Long Duration Energy Storage Market Forecast (USD Billion), by Mechanical, 2019-2032
- Figure 24: North America Long Duration Energy Storage Market Value Share (%), By Power Capacity, 2024 & 2032
- Figure 25: North America Long Duration Energy Storage Market Forecast (USD Billion), by Upto 500 MW, 2019-2032
- Figure 26: North America Long Duration Energy Storage Market Forecast (USD Billion), by 501 MW to 2000 MW, 2019-2032
- Figure 27: North America Long Duration Energy Storage Market Forecast (USD Billion), by Above 2000 MW, 2019-2032
- Figure 28: North America Long Duration Energy Storage Market Value Share (%), By Application, 2024 & 2032
- Figure 29: North America Long Duration Energy Storage Market Forecast (USD Billion), by Renewable Energy, 2019-2032
- Figure 30: North America Long Duration Energy Storage Market Forecast (USD Billion), by Off grid Microgrids, 2019-2032
- Figure 31: North America Long Duration Energy Storage Market Forecast (USD Billion), by Power Backup, 2019-2032
- Figure 32: North America Long Duration Energy Storage Market Forecast (USD Billion), by Others, 2019-2032
- Figure 33: North America Long Duration Energy Storage Market Value Share (%), By End-User, 2024 & 2032
- Figure 34: North America Long Duration Energy Storage Market Forecast (USD Billion), by Utility, 2019-2032
- Figure 35: North America Long Duration Energy Storage Market Forecast (USD Billion), by Commercial & Industrial, 2019-2032
- Figure 36: North America Long Duration Energy Storage Market Value (USD Billion), by Country, 2024 & 2032
- Figure 37: North America Long Duration Energy Storage Market Value Share (%), by Country, 2024
- Figure 38: Europe Long Duration Energy Storage Market Value Share (%), By Technology, 2024 & 2032
- Figure 39: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Thermal, 2019-2032
- Figure 40: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Electrochemical, 2019-2032
- Figure 41: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Mechanical, 2019-2032
- Figure 42: Europe Long Duration Energy Storage Market Value Share (%), By Power Capacity, 2024 & 2032
- Figure 43: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Upto 500 MW, 2019-2032
- Figure 44: Europe Long Duration Energy Storage Market Forecast (USD Billion), by 501 MW to 2000 MW, 2019-2032
- Figure 45: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Above 2000 MW, 2019-2032
- Figure 46: Europe Long Duration Energy Storage Market Value Share (%), By Application, 2024 & 2032
- Figure 47: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Renewable Energy, 2019-2032
- Figure 48: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Off grid Microgrids, 2019-2032
- Figure 49: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Power Backup, 2019-2032
- Figure 50: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Others, 2019-2032
- Figure 51: Europe Long Duration Energy Storage Market Value Share (%), By End-User, 2024 & 2032
- Figure 52: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Utility, 2019-2032
- Figure 53: Europe Long Duration Energy Storage Market Forecast (USD Billion), by Commercial & Industrial, 2019-2032
- Figure 54: Europe Long Duration Energy Storage Market Value (USD Billion), by Country, 2024 & 2032
- Figure 55: Europe Long Duration Energy Storage Market Value Share (%), by Country, 2024
- Figure 56: Asia Pacific Long Duration Energy Storage Market Value Share (%), By Technology, 2024 & 2032
- Figure 57: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Thermal, 2019-2032
- Figure 58: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Electrochemical, 2019-2032
- Figure 59: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Mechanical, 2019-2032
- Figure 60: Asia Pacific Long Duration Energy Storage Market Value Share (%), By Power Capacity, 2024 & 2032
- Figure 61: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Upto 500 MW, 2019-2032
- Figure 62: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by 501 MW to 2000 MW, 2019-2032
- Figure 63: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Above 2000 MW, 2019-2032
- Figure 64: Asia Pacific Long Duration Energy Storage Market Value Share (%), By Application, 2024 & 2032
- Figure 65: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Renewable Energy, 2019-2032
- Figure 66: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Off grid Microgrids, 2019-2032
- Figure 67: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Power Backup, 2019-2032
- Figure 68: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Others, 2019-2032
- Figure 69: Asia Pacific Long Duration Energy Storage Market Value Share (%), By End-User, 2024 & 2032
- Figure 70: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Utility, 2019-2032
- Figure 71: Asia Pacific Long Duration Energy Storage Market Forecast (USD Billion), by Commercial & Industrial, 2019-2032
- Figure 72: Asia Pacific Long Duration Energy Storage Market Value (USD Billion), by Country, 2024 & 2032
- Figure 73: Asia Pacific Long Duration Energy Storage Market Value Share (%), by Country, 2024
- Figure 74: Rest of the World Long Duration Energy Storage Market Value Share (%), By Technology, 2024 & 2032
- Figure 75: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Thermal, 2019-2032
- Figure 76: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Electrochemical, 2019-2032
- Figure 77: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Mechanical, 2019-2032
- Figure 78: Rest of the World Long Duration Energy Storage Market Value Share (%), By Power Capacity, 2024 & 2032
- Figure 79: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Upto 500 MW, 2019-2032
- Figure 80: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by 501 MW to 2000 MW, 2019-2032
- Figure 81: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Above 2000 MW, 2019-2032
- Figure 82: Rest of the World Long Duration Energy Storage Market Value Share (%), By Application, 2024 & 2032
- Figure 83: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Renewable Energy, 2019-2032
- Figure 84: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Off grid Microgrids, 2019-2032
- Figure 85: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Power Backup, 2019-2032
- Figure 86: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Others, 2019-2032
- Figure 87: Rest of the World Long Duration Energy Storage Market Value Share (%), By End-User, 2024 & 2032
- Figure 88: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Utility, 2019-2032
- Figure 89: Rest of the World Long Duration Energy Storage Market Forecast (USD Billion), by Commercial & Industrial, 2019-2032
- Figure 90: Company Market Share Analysis (%), 2024
