Industry: Service & Software
Published Date: 2025-09-06
Pages: 97 Pages
Report ld: 4996641
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The global Mechanical Energy Storage market size was US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
Energy storage is becoming increasingly important, especially in energy-management schemes, because it provides the capability of using off-peak power, generated by highly efficient base-load units to supply peak-period demands. Peaking power is usually generated by those units on a utility system that are least efficient and more costly to operate.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 115%.
The global Mechanical Energy Storage market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Mechanical Energy Storage market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Compressed Air Energy Storage (CAES) in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Commercial in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Mechanical Energy Storage value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 Pumped Hydro Storage (PHS)
1.2.3 Compressed Air Energy Storage (CAES)
1.2.4 Others
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Residential
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Mechanical Energy Storage Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global Mechanical Energy Storage Revenue Market Share by Region (2020-2025)
2.4 Global Mechanical Energy Storage Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.2 Europe Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.3 China Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.4 Japan Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.5 Southeast Asia Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.6 India Mechanical Energy Storage Market Size and Prospective (2020-2031)
2.5.7 Central & South America Mechanical Energy Storage Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global Mechanical Energy Storage Historic Market Size by Type (2020-2025)
3.2 Global Mechanical Energy Storage Forecasted Market Size by Type (2026-2031)
3.3 Different Types Mechanical Energy Storage Representative Players
4 Breakdown Data by Application
4.1 Global Mechanical Energy Storage Historic Market Size by Application (2020-2025)
4.2 Global Mechanical Energy Storage Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in Mechanical Energy Storage Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top Mechanical Energy Storage Players by Revenue (2020-2025)
5.1.2 Global Mechanical Energy Storage Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by Mechanical Energy Storage Revenue
5.4 Global Mechanical Energy Storage Market Concentration Analysis
5.4.1 Global Mechanical Energy Storage Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by Mechanical Energy Storage Revenue in 2024
5.5 Global Key Players of Mechanical Energy Storage Head office and Area Served
5.6 Global Key Players of Mechanical Energy Storage, Product and Application
5.7 Global Key Players of Mechanical Energy Storage, Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America Mechanical Energy Storage Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America Mechanical Energy Storage Market Size by Type (2020-2025)
6.1.2.2 North America Mechanical Energy Storage Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America Mechanical Energy Storage Market Size by Application (2020-2025)
6.1.3.2 North America Mechanical Energy Storage Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments and Downstream
6.2.1 Europe Mechanical Energy Storage Revenue by Company (2020-2025)
6.2.2 Europe Market Size by Type
6.2.2.1 Europe Mechanical Energy Storage Market Size by Type (2020-2025)
6.2.2.2 Europe Mechanical Energy Storage Market Share by Type (2020-2025)
6.2.3 Europe Market Size by Application
6.2.3.1 Europe Mechanical Energy Storage Market Size by Application (2020-2025)
6.2.3.2 Europe Mechanical Energy Storage Market Share by Application (2020-2025)
6.2.4 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments and Downstream
6.3.1 China Mechanical Energy Storage Revenue by Company (2020-2025)
6.3.2 China Market Size by Type
6.3.2.1 China Mechanical Energy Storage Market Size by Type (2020-2025)
6.3.2.2 China Mechanical Energy Storage Market Share by Type (2020-2025)
6.3.3 China Market Size by Application
6.3.3.1 China Mechanical Energy Storage Market Size by Application (2020-2025)
6.3.3.2 China Mechanical Energy Storage Market Share by Application (2020-2025)
6.3.4 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments and Downstream
6.4.1 Japan Mechanical Energy Storage Revenue by Company (2020-2025)
6.4.2 Japan Market Size by Type
6.4.2.1 Japan Mechanical Energy Storage Market Size by Type (2020-2025)
6.4.2.2 Japan Mechanical Energy Storage Market Share by Type (2020-2025)
6.4.3 Japan Market Size by Application
6.4.3.1 Japan Mechanical Energy Storage Market Size by Application (2020-2025)
6.4.3.2 Japan Mechanical Energy Storage Market Share by Application (2020-2025)
6.4.4 Japan Market Trend and Opportunities
6.5 Southeast Asia Market: Players, Segments and Downstream
6.5.1 Southeast Asia Mechanical Energy Storage Revenue by Company (2020-2025)
6.5.2 Southeast Asia Market Size by Type
6.5.2.1 Southeast Asia Mechanical Energy Storage Market Size by Type (2020-2025)
6.5.2.2 Southeast Asia Mechanical Energy Storage Market Share by Type (2020-2025)
6.5.3 Southeast Asia Market Size by Application
6.5.3.1 Southeast Asia Mechanical Energy Storage Market Size by Application (2020-2025)
6.5.3.2 Southeast Asia Mechanical Energy Storage Market Share by Application (2020-2025)
6.5.4 Southeast Asia Market Trend and Opportunities
6.6 India Market: Players, Segments and Downstream
6.6.1 India Mechanical Energy Storage Revenue by Company (2020-2025)
6.6.2 India Market Size by Type
6.6.2.1 India Mechanical Energy Storage Market Size by Type (2020-2025)
6.6.2.2 India Mechanical Energy Storage Market Share by Type (2020-2025)
6.6.3 India Market Size by Application
6.6.3.1 India Mechanical Energy Storage Market Size by Application (2020-2025)
6.6.3.2 India Mechanical Energy Storage Market Share by Application (2020-2025)
6.6.4 India Market Trend and Opportunities
7 Key Players Profiles
7.1 Voith
7.1.1 Voith Company Details
7.1.2 Voith Business Overview
7.1.3 Voith Mechanical Energy Storage Introduction
7.1.4 Voith Revenue in Mechanical Energy Storage Business (2020-2025)
7.1.5 Voith Recent Development
7.2 Sulzer
7.2.1 Sulzer Company Details
7.2.2 Sulzer Business Overview
7.2.3 Sulzer Mechanical Energy Storage Introduction
7.2.4 Sulzer Revenue in Mechanical Energy Storage Business (2020-2025)
7.2.5 Sulzer Recent Development
7.3 DeWalt
7.3.1 DeWalt Company Details
7.3.2 DeWalt Business Overview
7.3.3 DeWalt Mechanical Energy Storage Introduction
7.3.4 DeWalt Revenue in Mechanical Energy Storage Business (2020-2025)
7.3.5 DeWalt Recent Development
7.4 Ingersoll Rand
7.4.1 Ingersoll Rand Company Details
7.4.2 Ingersoll Rand Business Overview
7.4.3 Ingersoll Rand Mechanical Energy Storage Introduction
7.4.4 Ingersoll Rand Revenue in Mechanical Energy Storage Business (2020-2025)
7.4.5 Ingersoll Rand Recent Development
7.5 Hitachi
7.5.1 Hitachi Company Details
7.5.2 Hitachi Business Overview
7.5.3 Hitachi Mechanical Energy Storage Introduction
7.5.4 Hitachi Revenue in Mechanical Energy Storage Business (2020-2025)
7.5.5 Hitachi Recent Development
7.6 Porter-Cable
7.6.1 Porter-Cable Company Details
7.6.2 Porter-Cable Business Overview
7.6.3 Porter-Cable Mechanical Energy Storage Introduction
7.6.4 Porter-Cable Revenue in Mechanical Energy Storage Business (2020-2025)
7.6.5 Porter-Cable Recent Development
7.7 Kirloskar Pneumatic
7.7.1 Kirloskar Pneumatic Company Details
7.7.2 Kirloskar Pneumatic Business Overview
7.7.3 Kirloskar Pneumatic Mechanical Energy Storage Introduction
7.7.4 Kirloskar Pneumatic Revenue in Mechanical Energy Storage Business (2020-2025)
7.7.5 Kirloskar Pneumatic Recent Development
7.8 Atlas Copco
7.8.1 Atlas Copco Company Details
7.8.2 Atlas Copco Business Overview
7.8.3 Atlas Copco Mechanical Energy Storage Introduction
7.8.4 Atlas Copco Revenue in Mechanical Energy Storage Business (2020-2025)
7.8.5 Atlas Copco Recent Development
7.9 Active Power
7.9.1 Active Power Company Details
7.9.2 Active Power Business Overview
7.9.3 Active Power Mechanical Energy Storage Introduction
7.9.4 Active Power Revenue in Mechanical Energy Storage Business (2020-2025)
7.9.5 Active Power Recent Development
7.10 Beacon Power
7.10.1 Beacon Power Company Details
7.10.2 Beacon Power Business Overview
7.10.3 Beacon Power Mechanical Energy Storage Introduction
7.10.4 Beacon Power Revenue in Mechanical Energy Storage Business (2020-2025)
7.10.5 Beacon Power Recent Development
7.11 Powerthru
7.11.1 Powerthru Company Details
7.11.2 Powerthru Business Overview
7.11.3 Powerthru Mechanical Energy Storage Introduction
7.11.4 Powerthru Revenue in Mechanical Energy Storage Business (2020-2025)
7.11.5 Powerthru Recent Development
7.12 Schwungrad Energie
7.12.1 Schwungrad Energie Company Details
7.12.2 Schwungrad Energie Business Overview
7.12.3 Schwungrad Energie Mechanical Energy Storage Introduction
7.12.4 Schwungrad Energie Revenue in Mechanical Energy Storage Business (2020-2025)
7.12.5 Schwungrad Energie Recent Development
8 Mechanical Energy Storage Market Dynamics
8.1 Mechanical Energy Storage Industry Trends
8.2 Mechanical Energy Storage Market Drivers
8.3 Mechanical Energy Storage Market Challenges
8.4 Mechanical Energy Storage Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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