PUBLISHER: QYResearch | PRODUCT CODE: 1872069
PUBLISHER: QYResearch | PRODUCT CODE: 1872069
The global market for Storage Battery for Power Supply was estimated to be worth US$ 18056 million in 2024 and is forecast to a readjusted size of US$ 61059 million by 2031 with a CAGR of 17.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Storage Battery for Power Supply cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Storage Battery for Power Supply refers to a rechargeable battery system designed to store electrical energy and release it when needed to ensure a stable and continuous power supply. These batteries are commonly used in backup power systems, renewable energy storage (such as solar and wind), and grid stabilization applications, providing energy during peak demand or outages to enhance reliability and efficiency of the overall power infrastructure.
The global market for storage batteries for power supply is experiencing significant growth, driven by the rising demand for stable and uninterrupted energy in a wide range of applications. These batteries play a critical role in supporting power grids, especially in scenarios involving renewable energy sources, which are inherently intermittent. Leading manufacturers in the space include LG Energy Solution, EnerSys, and GS Yuasa Corporation, among others, who are actively expanding their offerings to address both industrial and commercial power supply needs.
Regionally, North America holds the largest market share at approximately 32%, reflecting the region's focus on grid modernization, renewable integration, and data center expansion. However, China and Europe are close followers, each with more than 40% combined market share, indicating strong governmental support for energy storage technologies and sustainability efforts. These regions are also investing heavily in infrastructure upgrades and backup power systems to enhance resilience.
Among applications, utilities dominate the market due to the increasing need for grid reliability, renewable integration, and energy arbitrage. Communication systems also represent a growing application area, particularly as 5G and cloud infrastructure expand globally. With the growing emphasis on decarbonization and smart energy management, the storage battery for power supply market is expected to remain a key enabler of the energy transition in the years ahead.
This report aims to provide a comprehensive presentation of the global market for Storage Battery for Power Supply, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Storage Battery for Power Supply by region & country, by Type, and by Application.
The Storage Battery for Power Supply market size, estimations, and forecasts are provided in terms of sales volume (MWh) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Storage Battery for Power Supply.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Storage Battery for Power Supply manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Storage Battery for Power Supply in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Storage Battery for Power Supply in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.