Storage Battery Market Size(US$)

CAGR 2025-2031
3.3%
Market Size,2031
USD 9,008
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Storage Battery was valued at US$ 7200 million in the year 2024 and is projected to reach a revised size of US$ 9008 million by 2031, growing at a CAGR of 3.3% during the forecast period.
North American market for Storage Battery is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Storage Battery is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Storage Battery include NGK Insulators Ltd, BYD Co. Ltd, Sumitomo Electric Industries Ltd., Samsung SDI Co. Ltd, GE Energy Storage, Tesla Motors Inc., etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Market Segmentation
Report Scope
This report aims to provide a comprehensive presentation of the global market for Storage Battery, 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.
The Storage Battery market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Storage Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Storage Battery manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Storage Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Storage Battery by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Storage Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.
QYResearch's Strengths
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Table of Contents
1 Storage Battery Market Overview
1.1 Product Definition
1.2 Storage Battery by Type
1.2.1 Global Storage Battery Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Wind Power
1.2.3 Tidal Power
1.2.4 Solar Power
1.2.5 Other
1.3 Storage Battery by Application
1.3.1 Global Storage Battery Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Power Banks
1.3.3 Electric Vehicles
1.3.4 Cordless Power Tools
1.3.5 Electric Equipments
1.4 Global Market Growth Prospects
1.4.1 Global Storage Battery Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Storage Battery Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Storage Battery Production Estimates and Forecasts (2020-2031)
1.4.4 Global Storage Battery Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Storage Battery Production Market Share by Manufacturers (2020-2025)
2.2 Global Storage Battery Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Storage Battery, Industry Ranking, 2023 VS 2024
2.4 Global Storage Battery Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Storage Battery Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Storage Battery, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Storage Battery, Product Offered and Application
2.8 Global Key Manufacturers of Storage Battery, Date of Enter into This Industry
2.9 Storage Battery Market Competitive Situation and Trends
2.9.1 Storage Battery Market Concentration Rate
2.9.2 Global 5 and 10 Largest Storage Battery Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Storage Battery Production by Region
3.1 Global Storage Battery Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Storage Battery Production Value by Region (2020-2031)
3.2.1 Global Storage Battery Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Storage Battery by Region (2026-2031)
3.3 Global Storage Battery Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Storage Battery Production Volume by Region (2020-2031)
3.4.1 Global Storage Battery Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Storage Battery by Region (2026-2031)
3.5 Global Storage Battery Market Price Analysis by Region (2020-2025)
3.6 Global Storage Battery Production and Value, Year-over-Year Growth
3.6.1 North America Storage Battery Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Storage Battery Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Storage Battery Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Storage Battery Production Value Estimates and Forecasts (2020-2031)
4 Storage Battery Consumption by Region
4.1 Global Storage Battery Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Storage Battery Consumption by Region (2020-2031)
4.2.1 Global Storage Battery Consumption by Region (2020-2025)
4.2.2 Global Storage Battery Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Storage Battery Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Storage Battery Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Storage Battery Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Storage Battery Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Storage Battery Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Storage Battery Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Storage Battery Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Storage Battery Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Storage Battery Production by Type (2020-2031)
5.1.1 Global Storage Battery Production by Type (2020-2025)
5.1.2 Global Storage Battery Production by Type (2026-2031)
5.1.3 Global Storage Battery Production Market Share by Type (2020-2031)
5.2 Global Storage Battery Production Value by Type (2020-2031)
5.2.1 Global Storage Battery Production Value by Type (2020-2025)
5.2.2 Global Storage Battery Production Value by Type (2026-2031)
5.2.3 Global Storage Battery Production Value Market Share by Type (2020-2031)
5.3 Global Storage Battery Price by Type (2020-2031)
6 Segment by Application
6.1 Global Storage Battery Production by Application (2020-2031)
6.1.1 Global Storage Battery Production by Application (2020-2025)
6.1.2 Global Storage Battery Production by Application (2026-2031)
6.1.3 Global Storage Battery Production Market Share by Application (2020-2031)
6.2 Global Storage Battery Production Value by Application (2020-2031)
6.2.1 Global Storage Battery Production Value by Application (2020-2025)
6.2.2 Global Storage Battery Production Value by Application (2026-2031)
6.2.3 Global Storage Battery Production Value Market Share by Application (2020-2031)
6.3 Global Storage Battery Price by Application (2020-2031)
7 Key Companies Profiled
7.1 NGK Insulators Ltd
7.1.1 NGK Insulators Ltd Storage Battery Company Information
7.1.2 NGK Insulators Ltd Storage Battery Product Portfolio
7.1.3 NGK Insulators Ltd Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.1.4 NGK Insulators Ltd Main Business and Markets Served
7.1.5 NGK Insulators Ltd Recent Developments/Updates
7.2 BYD Co. Ltd
7.2.1 BYD Co. Ltd Storage Battery Company Information
7.2.2 BYD Co. Ltd Storage Battery Product Portfolio
7.2.3 BYD Co. Ltd Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.2.4 BYD Co. Ltd Main Business and Markets Served
7.2.5 BYD Co. Ltd Recent Developments/Updates
7.3 Sumitomo Electric Industries Ltd.
7.3.1 Sumitomo Electric Industries Ltd. Storage Battery Company Information
7.3.2 Sumitomo Electric Industries Ltd. Storage Battery Product Portfolio
7.3.3 Sumitomo Electric Industries Ltd. Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Sumitomo Electric Industries Ltd. Main Business and Markets Served
7.3.5 Sumitomo Electric Industries Ltd. Recent Developments/Updates
7.4 Samsung SDI Co. Ltd
7.4.1 Samsung SDI Co. Ltd Storage Battery Company Information
7.4.2 Samsung SDI Co. Ltd Storage Battery Product Portfolio
7.4.3 Samsung SDI Co. Ltd Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Samsung SDI Co. Ltd Main Business and Markets Served
7.4.5 Samsung SDI Co. Ltd Recent Developments/Updates
7.5 GE Energy Storage
7.5.1 GE Energy Storage Storage Battery Company Information
7.5.2 GE Energy Storage Storage Battery Product Portfolio
7.5.3 GE Energy Storage Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.5.4 GE Energy Storage Main Business and Markets Served
7.5.5 GE Energy Storage Recent Developments/Updates
7.6 Tesla Motors Inc.
7.6.1 Tesla Motors Inc. Storage Battery Company Information
7.6.2 Tesla Motors Inc. Storage Battery Product Portfolio
7.6.3 Tesla Motors Inc. Storage Battery Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Tesla Motors Inc. Main Business and Markets Served
7.6.5 Tesla Motors Inc. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Storage Battery Industry Chain Analysis
8.2 Storage Battery Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Storage Battery Production Mode & Process Analysis
8.4 Storage Battery Sales and Marketing
8.4.1 Storage Battery Sales Channels
8.4.2 Storage Battery Distributors
8.5 Storage Battery Customer Analysis
9 Storage Battery Market Dynamics
9.1 Storage Battery Industry Trends
9.2 Storage Battery Market Drivers
9.3 Storage Battery Market Challenges
9.4 Storage Battery Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Table of Figures
List of Tables
List of Figures
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Published: 2024-01-04
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The global market for Storage Battery was estimated to be worth US$ 6790.4 million in 2023 and is forecast to a readjusted size of US$ 8495.9 million by 2030 with a CAGR of 3.3% during the forecast period 2024-2030
Published: 2024-01-16
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The global Storage Battery market is projected to grow from US$ 6992.1 million in 2024 to US$ 8495.9 million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period.
Published: 2024-04-15
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The global market for Storage Battery was estimated to be worth US$ 7200 million in 2024 and is forecast to a readjusted size of US$ 9008 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.
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REPORT COVERAGE
Market Segmentation
Report Scope
Chapter Outline
QYResearch's Strengths
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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