Energy Storage Systems Market in Europe 2024-2028

Description

List of Tables

The energy storage systems market in Europe is forecasted to grow by USD 14.78 bn during 2023-2028, accelerating at a CAGR of 17.87% during the forecast period. The report on the energy storage systems market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing economic benefits of energy storage systems, rising demand for stable and reliable power supply, and inclination toward adoption of energy storage systems in rural areas.

Technavio's energy storage systems market in Europe is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	17.42%
CAGR	17.87%
Incremental Value	$14.78bn

By Application

Residential
Commercial
industrial

By Type

Batteries
Pumped storage hydroelectricity
Thermal energy storage
Flywheel energy storage

This study identifies the increased adoption of microgrids in battery energy storage systems as one of the prime reasons driving the energy storage systems market in Europe growth during the next few years. Also, integration of multiple storage technologies and rising demand for continuous power supply from data centers will lead to sizable demand in the market.

The report on the energy storage systems market in Europe covers the following areas:

Energy storage systems market in Europe sizing
Energy storage systems market in Europe forecast
Energy storage systems market in Europe industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy storage systems market in Europe vendors that include BYD Co. Ltd., CMBlu Energy AG, Contemporary Amperex Technology Co. Ltd., Deutsche Telekom AG, EnBW Energie Baden Wurttemberg AG, Enel Spa, GS Yuasa International Ltd., Iberdrola SA, Impala, Innovo Renewables S.p.a., Invinity Energy Systems plc, LG Electronics Inc., Panasonic Holdings Corp., RWE AG, Samsung Electronics Co. Ltd., Siemens AG, SSE Plc, Toshiba Corp., TotalEnergies SE, and Wartsila Corp.. Also, the energy storage systems market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77665

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Energy storage systems market in Europe 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments
6.2 Comparison by Application
6.3 Residential - Market size and forecast 2023-2028
6.4 Commercial and industrial - Market size and forecast 2023-2028
6.5 Market opportunity by Application

7 Market Segmentation by Type

7.1 Market segments
7.2 Comparison by Type
7.3 Batteries - Market size and forecast 2023-2028
7.4 Pumped storage hydroelectricity - Market size and forecast 2023-2028
7.5 Thermal energy storage - Market size and forecast 2023-2028
7.6 Flywheel energy storage - Market size and forecast 2023-2028
7.7 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 Germany - Market size and forecast 2023-2028
9.4 UK - Market size and forecast 2023-2028
9.5 France - Market size and forecast 2023-2028
9.6 Italy - Market size and forecast 2023-2028
9.7 Rest of Europe - Market size and forecast 2023-2028
9.8 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 BYD Co. Ltd.
12.4 Contemporary Amperex Technology Co. Ltd.
12.5 EnBW Energie Baden Wurttemberg AG
12.6 Enel Spa
12.7 GS Yuasa International Ltd.
12.8 Impala
12.9 LG Electronics Inc.
12.10 Panasonic Holdings Corp.
12.11 RWE AG
12.12 Samsung Electronics Co. Ltd.
12.13 Siemens AG
12.14 SSE Plc
12.15 Toshiba Corp.
12.16 TotalEnergies SE
12.17 Wartsila Corp.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations