Long Duration Energy Storage Market – Global Forecast to 2030
장기 에너지 저장 시장 – 기술 (기계 저장, 열 저장, 전기 화학 저장), 기간 (8-24,> 24-36,> 36), 용량 (최대 50MW, 50-100MW, 100MW 이상 ), 용도, 최종 사용자, 지역별 – 2030년까지의 세계 예측
Long Duration Energy Storage Market by Technology (Mechanical Storage, Thermal Storage, Electrochemical Storage), Duration (8 to 24, >24 to 36, >36), Capacity (Upto 50 MW, 50-100 MW, More Than 100 MW), Application, End User, Region – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년1월 |
| 페이지 수 | 293 |
| 도표 수 | 344 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
Report Overview
The long duration energy storage market is forecasted to reach USD 8.61 Billion by 2030 from an estimated USD 3.64 billion in 2024, at a CAGR of 15.4% during the forecast period. With an increasingly aggressive push toward renewable energy sources worldwide solar and wind to other kinds-long-duration energy storage has become necessary to overcome some of the challenges of intermittency.
장기 에너지 저장 시장은 예측 기간 동안 연평균 성장률(CAGR) 15.4%로 성장해 2024년 약 36억 4천만 달러에서 2030년까지 86억 1천만 달러에 이를 것으로 예상됩니다. 전 세계적으로 재생 가능 에너지원을 향해 점점 더 공격적으로 추진함에 따라 간헐적인 문제를 극복하기 위해 태양광 및 풍력을 다른 종류의 장기 에너지 저장 장치가 필요하게 되었습니다.
It bridges that gap between when energy is produced and demanded by the grid, ensuring a stable grid and improving reliability in clean energy sources. Investments from governments and utilities into renewable projects create demand in energy storage systems for the storage of power for a duration. In contrast, older power grids increase electrical demands and contribute to the decentralized integration of renewable sources into distribution. LDES finds versatile storage solutions for solving the swing swings in the direction of modernizing pre-existing infrastructure and upgrading existing distribution infrastructures. Grid modernization catapults further LDES adoption by a developed economy through quite much efficiency, better resilience, and smooth penetration of renewable sources.
“50-100 MW segment, by capacity is expected to grow at the highest CAGR during the forecast period.”
As large-scale renewable energy projects, such as solar and wind farms, grow, a strong energy storage system becomes necessary to stabilize the otherwise intermittent power generation. The 50-100 MW capacity range is ideal for such projects as it makes it seamless to integrate renewable energy by storing excess energy when generation is high and then releasing it during times of high demand. Power grids are also exposed to the volatility of renewable resources and the growing demand for electricity. Therefore, storage systems with capacities of 50-100 MW play a crucial role in the stabilization of the grid, reducing congestion, maintaining the stability of frequency and voltage, and thus guaranteeing reliable operation of the grid. As such, this capacity range is key in guaranteeing the reliable operation of the grid while supporting global modernization of grids in developed and developing energy systems.
“Grid management segment is expected to emerge as the fastest segment by application.”
The increasing penetration of intermittent renewable sources such as wind and solar presents challenges to grid stability. LDES systems balance supply and demand by storing excess energy during periods of high generation and releasing it when generation is low. This would make it easier to add more renewables to the system and maintain a stable, reliable power supply while supporting further decarbonization. This output can further destabilize grid frequency and voltage when fluctuations occur. LDES technologies maintain stability by offering extended-duration energy discharge. In doing so, utilities respond to the load changes and imbalances that will ensure the power delivered is reliable and efficiently executed in a renewable-rich system.
“Europe to grow at the highest CAGR in the long duration energy storage market.”
Europe is expanding renewable energy capacity, especially in solar and wind, fast to reach decarbonization targets. The LDES technologies play an important role in overcoming the intermittency of renewables by providing excess power at high generation and discharging when the renewables output is low to enhance the stability of the grid while supporting the uptake of clean energy. These are the ambitious energy transition targets set by the European Union, including the European Green Deal, which fuels the demand for sustainable storage solutions. The LDES systems have already proven to provide flexibility for grids, stabilize renewable energy sources, and support efforts towards decarbonization, and the whole of Europe keeps marching towards its climate goals.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
- By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
- By Region: North Americas- 30%, Europe- 20%, Asia Pacific- 25%, and the Middle East & Africa- 15% and South America- 10%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
Sumitomo Electric Industries, Ltd. (Japan), ESS Tech, Inc. (US), Energy Vault, Inc. (US), Eos Energy Enterprises (US), Invinity Energy Systems (England), MAN Energy Solutions (Germany), Highview Power (UK), Primus Power (US), CMBlu Energy AG (Germany), and Malta Inc. (US) are some of the key players in the long duration energy storage market. The study includes an in-depth competitive analysis of these key players in the long duration energy storage market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the long duration energy storage market by technology (Mechanical Storage, Thermal Storage, Electrochemical Storage, and Chemical Storage), by duration (8 to 24, >24 to 36, and >36) by Application (Grid Management, Power Backup, Renewable Energy Integration and Off grid and Microgrid Systems), by capacity (Upto 50 MW, 50-100 and more than 100 MW) End User (Utilities, Industrial, Residential & Commercial, and Transportation & Mobilitysss) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the long duration energy storage market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the long duration energy storage market. Competitive analysis of upcoming startups in the long duration energy storage market ecosystem is covered in this report.
Key Benefits of Buying the Report
- Analysis of key drivers (Growing renewable Energy Integration, Pressing need to enhance grid reliability and resilience to mitigate power outage risks), restraints (High installation costs of DERMS, Limited adoption of DERMS due to uncertainties and varying regulations across different jurisdictions), opportunities (Limited adoption of DERMS due to uncertainties and varying regulations across different jurisdictions, Expansion of electric vehicle infrastructure) and challenges (Interoperability issues among different energy systems and technologies, Cybersecurity risks associated with DERMS) influences the growth of the long duration energy storage market.
- Product Development/ Innovation: The battery chemistries, such as flow batteries, and solid-state batteries, further improve storage efficiency and extend length. Advances in the mechanical storage of CAES, pumped hydro, and more storages which facilitate dischargeability for several days also continue with their development. Old power grids are now also getting upgraded into LDES systems, particularly for ensuring balancing renewable energy integration and peak loads, and the security of supply during an outage situation. In addition, with growing potential for developing green hydrogen as an energy storage medium over long periods, it offers flexibility along with the de-carbonisation benefit.
- Market Development: in March 2023, Sumitomo Electric Industries, Ltd. (Japan) developed sEMSA the next-generation energy management solution for grid storage batteries. Charging and discharging plans for a cloud-based server are optimized and profit maximized through applications, including supply-demand balancing and participation in the power trading market. On site, the sEMSA terminal controls the battery operations, maintaining power grid stability and the capability of Virtual Power Plant functionalities for renewable energy integration. Compatible with many battery systems, sEMSA improves grid stability and opens up new sources of revenue for operators that drive efficient energy management solutions.
- Market Diversification: In May 2024, ESS Tech, Inc. (US) and Burbank Water and Power (US) commemorate the energizing of BWP’s first LDES system in the United States – a 75 kW/500 kWh ESS Energy Warehouse iron flow battery installed at Burbank Water and Power’s EcoCampus, interfaced with a 265 kW solar array that will generate enough power to fuel 300 homes-an exemplification of iron flow technology supporting a decarbonized grid. This project supports California’s 2045 zero-emission electricity goal and demonstrates the importance of LDES for integrating renewable energy.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like The Sumitomo Electric Industries, Ltd. (Japan), ESS Tech, Inc. (US), Energy Vault, Inc. (US), Eos Energy Enterprises (US), Invinity Energy Systems (England), MAN Energy Solutions (Germany), Highview Power (UK), Primus Power (US), CMBlu Energy AG (Germany), and Malta Inc. (US) among others in the long duration energy storage market.
Table of Contents
1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 29
1.3.1 LONG DURATION ENERGY STORAGE MARKET:
SEGMENTATION & REGIONAL SCOPE 29
1.3.2 INCLUSIONS AND EXCLUSIONS 30
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 31
1.5 UNIT CONSIDERED 31
1.6 LIMITATIONS 31
1.7 STAKEHOLDERS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.1.1 SECONDARY DATA 33
2.1.1.1 List of major secondary sources 33
2.1.1.2 Key data from secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 List of primary interview participants 34
2.1.2.2 Key industry insights 35
2.1.2.3 Breakdown of primaries 35
2.1.2.4 Key data from primary sources 36
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 37
2.3 MARKET SIZE ESTIMATION 38
2.3.1 BOTTOM-UP APPROACH 38
2.3.2 TOP-DOWN APPROACH 38
2.3.3 DEMAND-SIDE ANALYSIS 39
2.3.3.1 Assumptions for demand-side analysis 40
2.3.3.2 Calculations for demand-side analysis 40
2.3.4 SUPPLY-SIDE ANALYSIS 41
2.3.4.1 Assumptions for supply-side analysis 42
2.3.4.2 Calculations for supply-side analysis 42
2.4 GROWTH FORECAST ASSUMPTIONS 43
2.5 RESEARCH LIMITATIONS 43
2.6 RISK ASSESSMENT 44
3 EXECUTIVE SUMMARY 45
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LONG DURATION ENERGY
STORAGE MARKET 50
4.2 LONG DURATION ENERGY STORAGE MARKET, BY REGION 51
4.3 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY 51
4.4 LONG DURATION ENERGY STORAGE MARKET, BY DURATION 52
4.5 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION 52
4.6 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY 53
4.7 LONG DURATION ENERGY STORAGE MARKET, BY END USER 53
4.8 LONG DURATION ENERGY STORAGE MARKET IN NORTH AMERICA, BY DURATION 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
5.2.1 DRIVERS 56
5.2.1.1 Increasing use of renewable energy sources for power generation 56
5.2.1.2 Rising need to ensure grid resilience 56
5.2.1.3 Transition to low-carbon energy 57
5.2.1.4 Declining cost of lithium-ion batteries 57
5.2.2 RESTRAINTS 58
5.2.2.1 Lack of commercial readiness and scalability among emerging technologies 58
5.2.2.2 Substantial capital expenditure for development and installation of LDES technology 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Rising number of low-emission hydrogen production projects 59
5.2.3.2 Favorable government initiatives to boost LDES adoption 60
5.2.3.3 Rapid growth of data centers 60
5.2.4 CHALLENGES 61
5.2.4.1 Lack of standardization in LDES systems 61
5.2.4.2 Integration of LDES into existing power systems 62
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
5.4 SUPPLY CHAIN ANALYSIS 63
5.4.1 RAW MATERIAL PROVIDERS 64
5.4.2 TECHNOLOGY DEVELOPERS AND MANUFACTURERS 64
5.4.3 INTEGRATORS/SERVICE PROVIDERS 65
5.4.4 END USERS 65
5.5 ECOSYSTEM ANALYSIS 65
5.6 CASE STUDY ANALYSIS 67
5.6.1 ENGIE, EQUANS, AND JAN DE NUL PARTNERED TO INSTALL INDUSTRIAL-SCALE SOLAR + STORAGE PROJECT THAT OPTIMIZED USE OF ON-SITE SOLAR ENERGY THROUGH SOLAR SHIFTING 67
5.6.2 CAISO ADOPTED STRATEGIES TO INTEGRATE ENERGY STORAGE INTO GRID TO ENHANCE FLEXIBILITY AND ASSIST IN INTEGRATING RENEWABLE ENERGY 67
5.6.3 ENERGY VAULT DEPLOYED SMALL-SCALE GRAVITY-BASED ENERGY STORAGE TECHNOLOGY TO ENHANCE ENERGY RESILIENCE 68
5.7 INVESTMENT AND FUNDING SCENARIO 68
5.8 TECHNOLOGY ANALYSIS 69
5.8.1 KEY TECHNOLOGIES 69
5.8.1.1 Electromechanical technology 69
5.8.1.2 Thermal technology 69
5.8.2 COMPLEMENTARY TECHNOLOGIES 70
5.8.2.1 Zinc air technology 70
5.8.2.2 Zinc bromine flow technology 70
5.8.3 ADJACENT TECHNOLOGIES 70
5.8.3.1 Hydrogen energy storage 70
5.9 PATENT ANALYSIS 71
5.10 TRADE ANALYSIS 73
5.10.1 IMPORT SCENARIO (HS CODE 8507) 73
5.10.2 EXPORT SCENARIO (HS CODE 8507) 74
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 75
5.12 PRICING ANALYSIS 76
5.12.1 INDICATIVE PRICING ANALYSIS OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY TECHNOLOGY, 2024 77
5.12.2 AVERAGE SELLING PRICE TREND OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY REGION, 2020–2024 77
5.13 REGULATORY LANDSCAPE 78
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.13.2 REGULATIONS 80
5.14 PORTER’S FIVE FORCES ANALYSIS 82
5.14.1 THREAT OF SUBSTITUTES 83
5.14.2 BARGAINING POWER OF SUPPLIERS 83
5.14.3 BARGAINING POWER OF BUYERS 83
5.14.4 THREAT OF NEW ENTRANTS 83
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 84
5.16 BUYING CRITERIA 84
5.17 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET 85
5.17.1 INTRODUCTION 85
5.17.2 ADOPTION OF AI/GENERATIVE AI APPLICATIONS IN LONG DURATION
ENERGY STORAGE MARKET 85
5.17.2.1 Enhanced system efficiency 85
5.17.2.2 Improved grid integration 86
5.17.2.3 Cost optimization 86
5.17.2.4 Improved demand forecasting 86
5.17.2.5 Custom solutions for end users 86
5.17.3 IMPACT OF AI/GENERATIVE AI, BY END USER AND REGION 86
5.17.4 IMPACT OF AI/GENERATIVE AI IN LONG DURATION ENERGY STORAGE MARKET, BY REGION 87
5.18 GLOBAL MACROECONOMIC OUTLOOK FOR LONG DURATION ENERGY STORAGE MARKET 87
5.18.1 GDP 88
5.18.2 RESEARCH AND DEVELOPMENT EXPENDITURE 88
5.18.3 INVESTMENTS IN LONG DURATION ENERGY STORAGE TECHNOLOGY 88
5.19 SERVICES OFFERED BY DIFFERENT LONG DURATION ENERGY STORAGE TECHNOLOGIES 89
5.19.1 POWER-TO-POWER 89
5.19.2 POWER-TO-HEAT 90
5.19.3 POWER-TO-X 90
6 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY 91
6.1 INTRODUCTION 92
6.2 MECHANICAL STORAGE 94
6.2.1 NEED FOR MAINTAINING GRID STABILITY AND RENEWABLE ENERGY INTEGRATION TO PROPEL MARKET 94
6.2.2 PUMPED HYDRO STORAGE 97
6.2.3 COMPRESSED AIR ENERGY STORAGE 97
6.2.4 OTHERS 97
6.3 THERMAL STORAGE 98
6.3.1 OFFERS COST-EFFECTIVE, SCALABLE, AND RELIABLE ENERGY SOLUTIONS 98
6.3.2 MOLTEN SALT THERMAL ENERGY STORAGE 100
6.3.3 OTHERS 101
6.4 ELECTROCHEMICAL STORAGE 101
6.4.1 WIDELY ADOPTED DUE TO SCALABILITY, VERSATILITY, AND ABILITY TO
MEET DIVERSE ENERGY STORAGE NEEDS 101
6.4.2 LITHIUM-ION 104
6.4.3 LEAD-ACID 104
6.4.4 FLOW BATTERIES 105
6.4.5 OTHERS 105
6.5 CHEMICAL STORAGE 106
6.5.1 DEMAND FOR SCALABLE, VERSATILE SOLUTIONS FOR
DECARBONIZATION AND ENERGY RELIABILITY TO DRIVE MARKET 106
6.5.2 HYDROGEN STORAGE 107
6.5.3 OTHERS 107
7 LONG DURATION ENERGY STORAGE MARKET, BY DURATION 109
7.1 INTRODUCTION 110
7.2 8 TO 24 HOURS 111
7.2.1 GOVERNMENT INVESTMENTS AND INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH 111
7.3 >24 TO 36 HOURS 112
7.3.1 TECHNOLOGICAL ADVANCEMENTS ENABLING IMPROVED ENERGY STORAGE DURATION AND GREATER ROUND-TRIP EFFICIENCY 112
7.4 >36 HOURS 113
7.4.1 NEED FOR ADDRESSING MULTI-DAY ENERGY SHIFTING AND
MANAGING RENEWABLE GENERATION GAPS TO FUEL MARKET 113
7.4.2 >36 TO 160 HOURS 114
7.4.3 160+ HOURS 115
8 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY 116
8.1 INTRODUCTION 117
8.2 UP TO 50 MW 118
8.2.1 NEED TO SUPPORT LOCALIZED GRID SERVICES TO SUPPORT MARKET GROWTH 118
8.2.2 10−25 MW 119
8.2.3 25−50 MW 120
8.3 50−100 MW 120
8.3.1 GROWING RENEWABLE ENERGY INTEGRATION TO FUEL MARKET EXPANSION 120
8.4 MORE THAN 100 MW 121
8.4.1 DEVELOPMENT OF LARGE-SCALE ENERGY GENERATION PROJECTS TO
FUEL MARKET GROWTH 121
9 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION 123
9.1 INTRODUCTION 124
9.2 GRID MANAGEMENT 125
9.2.1 NEED FOR GRID STABILIZATION & RENEWABLE ENERGY INTEGRATION TO SUPPORT MARKET GROWTH 125
9.2.2 GRID STABILITY 126
9.2.3 ANCILLARY SERVICES 126
9.2.4 OTHERS 127
9.3 POWER BACKUP 127
9.3.1 NEED FOR ENERGY STORAGE IN VARIOUS END-USE INDUSTRIES TO
DRIVE MARKET 127
9.3.1.1 Peak demand management 128
9.3.1.2 Load shift 129
9.3.1.3 Others 129
9.4 RENEWABLE ENERGY INTEGRATION 130
9.4.1 INCREASING SHARE OF RENEWABLE ENERGY IN TOTAL ENERGY MIX OF VARIOUS COUNTRIES TO SUPPORT MARKET GROWTH 130
9.5 OFF GRID & MICROGRID SYSTEMS 131
9.5.1 NEED TO REDUCE DEPENDENCE ON CARBON-INTENSIVE BACKUP SYSTEMS TO FUEL MARKET 131
10 LONG DURATION ENERGY STORAGE MARKET, BY END USER 133
10.1 INTRODUCTION 134
10.2 UTILITIES 135
10.2.1 GOVERNMENT INITIATIVES TO DEPLOY LONG DURATION ENERGY STORAGE TO SUPPORT MARKET GROWTH 135
10.3 INDUSTRIAL 136
10.3.1 NEED TO MEET STRINGENT CARBON REDUCTION TARGETS SET BY GOVERNMENTS TO FUEL MARKET EXPANSION 136
10.3.1.1 Chemical 137
10.3.1.2 Agriculture 138
10.3.1.3 Oil & gas 138
10.4 RESIDENTIAL & COMMERCIAL 139
10.4.1 ENERGY COST SAVINGS AND PEAK LOAD MANAGEMENT IN
COMMERCIAL & RESIDENTIAL SECTORS TO DRIVE MARKET 139
10.5 TRANSPORTATION & MOBILITY 140
10.5.1 GROWING DEMAND FOR GREEN ENERGY TO POWER VEHICLES TO
FUEL MARKET EXPANSION 140
11 LONG DURATION ENERGY STORAGE MARKET, BY REGION 142
11.1 INTRODUCTION 143
11.2 NORTH AMERICA 145
11.2.1 US 150
11.2.1.1 Growing battery storage capacities in California and Texas to
support market growth 150
11.2.2 CANADA 151
11.2.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions to drive market 151
11.2.3 MEXICO 152
11.2.3.1 Regulatory framework, renewable energy goals,
and grid modernization to drive demand 152
11.3 ASIA PACIFIC 153
11.3.1 CHINA 158
11.3.1.1 Renewable integration, grid modernization, and decarbonization to support market growth 158
11.3.2 JAPAN 159
11.3.2.1 Renewable energy goals, innovation, self-sufficiency,
and strategic projects to drive market 159
11.3.3 INDIA 160
11.3.3.1 Renewable energy expansion and government support to
drive market growth 160
11.3.4 AUSTRALIA 161
11.3.4.1 Innovation, investment, and international collaboration initiatives to propel demand 161
11.3.5 REST OF ASIA PACIFIC 162
11.4 EUROPE 163
11.4.1 GERMANY 168
11.4.1.1 Growing battery storage capacities to propel market 168
11.4.2 UK 169
11.4.2.1 Growing renewable energy, financial incentives,
and innovative storage solutions fueling market growth 169
11.4.3 FRANCE 171
11.4.3.1 Regulatory framework, renewable energy goals, and grid modernization to support market growth 171
11.4.4 ITALY 172
11.4.4.1 National decarbonization goals to drive adoption of long duration energy storage systems 172
11.4.5 REST OF EUROPE 174
11.5 MIDDLE EAST & AFRICA 175
11.5.1 GCC COUNTRIES 179
11.5.1.1 Government initiatives and large-scale energy storage projects to drive market growth 179
11.5.2 REST OF GCC 180
11.5.2.1 Strong commitment to development of renewable energy and
energy storage to drive market 180
11.5.3 SOUTH AFRICA 181
11.5.3.1 Implementation of various renewable energy projects to support market growth 181
11.5.4 REST OF MIDDLE EAST & AFRICA 182
11.6 SOUTH AMERICA 182
11.6.1 BRAZIL 187
11.6.1.1 Efforts to reduce dependence on traditional energy sources to drive market growth 187
11.6.2 CHILE 188
11.6.2.1 Government renewable energy targets to support market expansion 188
11.6.3 REST OF SOUTH AMERICA 189
11.6.3.1 Abundance of lithium reserve to support market growth 189
12 COMPETITIVE LANDSCAPE 190
12.1 INTRODUCTION 190
12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN, 2020–2024 190
12.3 REVENUE ANALYSIS, 2019–2023 192
12.4 MARKET SHARE ANALYSIS, 2023 193
12.4.1 MAN ENERGY SOLUTIONS 194
12.4.2 SUMITOMO ELECTRIC INDUSTRIES, LTD. 194
12.4.3 ENERGY VAULT, INC. 195
12.4.4 INVINITY ENERGY SYSTEMS 195
12.4.5 ESS TECH, INC. 195
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 195
12.6 BRAND/PRODUCT COMPARISON 197
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 198
12.7.1 STARS 198
12.7.2 EMERGING LEADERS 198
12.7.3 PERVASIVE PLAYERS 198
12.7.4 PARTICIPANTS 198
12.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023 200
12.7.5.1 Company footprint 200
12.7.5.2 Market footprint 201
12.7.5.3 Region footprint 202
12.7.5.4 Duration footprint 202
12.7.5.5 Technology footprint 203
12.7.5.6 Application footprint 204
12.7.5.7 Capacity footprint 204
12.7.5.8 End user footprint 205
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 206
12.8.1 PROGRESSIVE COMPANIES 206
12.8.2 RESPONSIVE COMPANIES 206
12.8.3 DYNAMIC COMPANIES 206
12.8.4 STARTING BLOCKS 206
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 207
12.8.5.1 Detailed list of key startups/SMEs 207
12.8.5.2 Competitive benchmarking of key startups/SMEs 209
12.9 COMPETITIVE SCENARIO 210
12.9.1 PRODUCT LAUNCHES 210
12.9.2 DEALS 211
12.9.3 EXPANSIONS 212
12.9.4 OTHER DEVELOPMENTS 213
13 COMPANY PROFILES 215
13.1 KEY PLAYERS 215
13.1.1 MAN ENERGY SOLUTIONS 215
13.1.1.1 Business overview 215
13.1.1.2 Products/Solutions/Services offered 216
13.1.1.3 Recent developments 217
13.1.1.3.1 Deals 217
13.1.1.3.2 Other developments 217
13.1.1.4 MnM view 217
13.1.1.4.1 Key strengths/Right to win 217
13.1.1.4.2 Strategic choices 218
13.1.1.4.3 Weaknesses/Competitive threats 218
13.1.2 SUMITOMO ELECTRIC INDUSTRIES, LTD. 219
13.1.2.1 Business overview 219
13.1.2.2 Products/Solutions/Services offered 220
13.1.2.3 Recent developments 221
13.1.2.3.1 Product launches 221
13.1.2.3.2 Deals 221
13.1.2.3.3 Expansions 222
13.1.2.3.4 Other developments 223
13.1.2.4 MnM view 223
13.1.2.4.1 Key strengths/Right to win 223
13.1.2.4.2 Strategic choices 223
13.1.2.4.3 Weaknesses/Competitive threats 223
13.1.3 ENERGY VAULT, INC. 224
13.1.3.1 Business overview 224
13.1.3.2 Products/Solutions/Services offered 225
13.1.3.3 Recent developments 226
13.1.3.3.1 Deals 226
13.1.3.3.2 Expansions 229
13.1.3.3.3 Other developments 230
13.1.3.4 MnM view 231
13.1.3.4.1 Key strengths/Right to win 231
13.1.3.4.2 Strategic choices 231
13.1.3.4.3 Weaknesses/Competitive threats 231
13.1.4 INVINITY ENERGY SYSTEMS 232
13.1.4.1 Business overview 232
13.1.4.2 Products/Solutions/Services offered 233
13.1.4.3 Recent developments 234
13.1.4.3.1 Deals 234
13.1.4.3.2 Other developments 235
13.1.4.4 MnM view 236
13.1.4.4.1 Key strengths/Right to win 236
13.1.4.4.2 Strategic choices 236
13.1.4.4.3 Weaknesses/Competitive threats 236
13.1.5 HIGHVIEW POWER 237
13.1.5.1 Business overview 237
13.1.5.2 Products/Solutions/Services offered 237
13.1.5.3 Recent developments 238
13.1.5.3.1 Deals 238
13.1.5.3.2 Expansions 238
13.1.5.3.3 Other developments 239
13.1.6 CMBLU ENERGY AG 240
13.1.6.1 Business overview 240
13.1.6.2 Products/Solutions/Services offered 240
13.1.6.3 Recent developments 241
13.1.6.3.1 Deals 241
13.1.6.3.2 Expansions 242
13.1.6.3.3 Other developments 242
13.1.7 RHEENERGISE LIMITED 243
13.1.7.1 Business overview 243
13.1.7.2 Products/Solutions/Services offered 243
13.1.7.3 Recent developments 244
13.1.7.3.1 Deals 244
13.1.7.3.2 Other developments 244
13.1.8 MALTA INC. 246
13.1.8.1 Business overview 246
13.1.8.2 Products/Solutions/Services offered 246
13.1.8.3 Recent developments 247
13.1.8.3.1 Deals 247
13.1.8.3.2 Other developments 248
13.1.9 PRIMUS POWER 248
13.1.9.1 Business overview 248
13.1.9.2 Products/Solutions/Services offered 249
13.1.10 STORELECTRIC LTD. 250
13.1.10.1 Business overview 250
13.1.10.2 Products/Solutions/Services offered 250
13.1.11 QUANTUMSCAPE BATTERY, INC. 251
13.1.11.1 Business overview 251
13.1.11.2 Products/Solutions/Services offered 251
13.1.11.3 Recent developments 252
13.1.11.3.1 Deals 252
13.1.12 FORM ENERGY 253
13.1.12.1 Business overview 253
13.1.12.2 Products/Solutions/Services offered 253
13.1.12.3 Recent developments 254
13.1.12.3.1 Deals 254
13.1.12.3.2 Expansions 255
13.1.12.3.3 Other developments 255
13.1.13 SFW 257
13.1.13.1 Business overview 257
13.1.13.2 Products/Solutions/Services offered 257
13.1.13.3 Recent developments 258
13.1.13.3.1 Deals 258
13.1.13.3.2 Other developments 258
13.1.14 AUGWIND 259
13.1.14.1 Business overview 259
13.1.14.2 Products/Solutions/Services offered 260
13.1.14.3 Recent developments 261
13.1.14.3.1 Deals 261
13.1.14.3.2 Expansions 262
13.1.14.3.3 Other developments 262
13.1.15 ESS TECH, INC. 263
13.1.15.1 Business overview 263
13.1.15.2 Products/Solutions/Services offered 264
13.1.15.3 Recent developments 264
13.1.15.3.1 Product launches 264
13.1.15.3.2 Deals 265
13.1.15.3.3 Expansions 266
13.1.15.3.4 Other developments 267
13.1.15.4 MnM view 268
13.1.15.4.1 Key strengths/Right to win 268
13.1.15.4.2 Strategic choices 268
13.1.15.4.3 Weaknesses/Competitive threats 268
13.1.16 EOS ENERGY ENTERPRISES 269
13.1.16.1 Business overview 269
13.1.16.2 Products/Solutions/Services offered 270
13.1.16.3 Recent developments 271
13.1.16.3.1 Deals 271
13.1.16.3.2 Other developments 273
13.2 OTHER PLAYERS 274
13.2.1 1414 DEGREES AUSTRALIA 274
13.2.2 GKN HYDROGEN 275
13.2.3 ALSYM ENERGY INC. 276
13.2.4 AMBRI INCORPORATED 276
13.2.5 VFLOWTECH PTE LTD. 277
13.2.6 VOLTSTORAGE 277
13.2.7 MGA THERMAL PTY LTD 278
13.2.8 RONDO ENERGY, INC. 279
13.2.9 LINA ENERGY LTD. 280
13.2.10 E-ZINC INC. 280
13.2.11 RYE DEVELOPMENT, LLC 281
13.2.12 HYDROSTOR 281
13.2.13 ENERGY DOME S.P.A. 282
13.2.14 ARKLE ENERGY SOLUTIONS 282
14 APPENDIX 283
14.1 INSIGHTS FROM INDUSTRY EXPERTS 283
14.2 DISCUSSION GUIDE 283
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 289
14.4 CUSTOMIZATION OPTIONS 291
14.5 RELATED REPORTS 291
14.6 AUTHOR DETAILS 292
LIST OF TABLES
TABLE 1 LONG DURATION ENERGY STORAGE MARKET SNAPSHOT 45
TABLE 2 ROLE OF COMPANIES IN LONG DURATION ENERGY STORAGE ECOSYSTEM 66
TABLE 3 LIST OF MAJOR PATENTS, 2021–2023 72
TABLE 4 IMPORT SCENARIO FOR HS CODE 8507-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 73
TABLE 5 EXPORT SCENARIO FOR HS CODE 8507-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 74
TABLE 6 LIST OF CONFERENCES AND EVENTS, 2024–2025 75
TABLE 7 INDICATIVE PRICING ANALYSIS OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY TECHNOLOGY, 2024 77
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 80
TABLE 13 LONG DURATION ENERGY STORAGE MARKET: REGULATIONS 80
TABLE 14 LONG DURATION ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS 82
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS 84
TABLE 16 KEY BUYING CRITERIA, BY END USER 85
TABLE 17 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 93
TABLE 18 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 93
TABLE 19 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (MW) 93
TABLE 20 LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (MW) 93
TABLE 21 MARKET READINESS OF MECHANICAL (POWER-TO-POWER) LDES TECHNOLOGIES 94
TABLE 22 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 95
TABLE 23 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 95
TABLE 24 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (MW) 95
TABLE 25 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (MW) 96
TABLE 26 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2020–2023 (USD MILLION) 96
TABLE 27 MECHANICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2024–2030 (USD MILLION) 96
TABLE 28 MARKET READINESS OF THERMAL PROJECTS AND LDES TECHNOLOGIES 98
TABLE 29 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 30 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 99
TABLE 31 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (MW) 99
TABLE 32 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (MW) 100
TABLE 33 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2020–2023 (USD MILLION) 100
TABLE 34 THERMAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2024–2030 (USD MILLION) 100
TABLE 35 MARKET READINESS OF ELECTROCHEMICAL PROJECTS AND LDES TECHNOLOGIES 102
TABLE 36 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2020–2023 (USD MILLION) 102
TABLE 37 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2024–2030 (USD MILLION) 102
TABLE 38 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2020–2023 (MW) 103
TABLE 39 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2024–2030 (MW) 103
TABLE 40 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2020–2023 (USD MILLION) 103
TABLE 41 ELECTROCHEMICAL STORAGE: LONG DURATION ENERGY STORAGE MARKET,
BY SUBSEGMENT, 2024–2030 (USD MILLION) 104
TABLE 42 MARKET READINESS OF CHEMICAL PROJECTS AND LDES TECHNOLOGIES 106
TABLE 43 LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2020–2023 (USD MILLION) 110
TABLE 44 LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2024–2030 (USD MILLION) 111
TABLE 45 8 TO 24 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 111
TABLE 46 8 TO 24 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 112
TABLE 47 >24 TO 36 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 112
TABLE 48 >24 TO 36 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 113
TABLE 49 >36 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 114
TABLE 50 >36 HOURS: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 114
TABLE 51 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2020–2023 (USD MILLION) 118
TABLE 52 LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2024–2030 (USD MILLION) 118
TABLE 53 UP TO 50 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 119
TABLE 54 UP TO 50 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 119
TABLE 55 50−100 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 121
TABLE 56 50−100 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 121
TABLE 57 MORE THAN 100 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 122
TABLE 58 MORE THAN 100 MW: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 122
TABLE 59 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 124
TABLE 60 LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 125
TABLE 61 GRID MANAGEMENT: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 125
TABLE 62 GRID MANAGEMENT: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 126
TABLE 63 POWER BACKUP: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 64 POWER BACKUP: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 128
TABLE 65 RENEWABLE ENERGY INTEGRATION: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 131
TABLE 66 RENEWABLE ENERGY INTEGRATION: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 131
TABLE 67 OFF GRID & MICROGRID SYSTEMS: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION) 132
TABLE 68 OFF GRID & MICROGRID SYSTEMS: LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION) 132
TABLE 69 LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2020–2023 (USD MILLION) 134
TABLE 70 LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2024–2030 (USD MILLION) 135
TABLE 71 UTILITIES: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 136
TABLE 72 UTILITIES: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 136
TABLE 73 INDUSTRIAL: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 137
TABLE 74 INDUSTRIAL: LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 137
TABLE 75 RESIDENTIAL & COMMERCIAL: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2020–2023 (USD MILLION) 139
TABLE 76 RESIDENTIAL & COMMERCIAL: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2024–2030 (USD MILLION) 140
TABLE 77 TRANSPORTATION & MOBILITY: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2020–2023 (USD MILLION) 141
TABLE 78 TRANSPORTATION & MOBILITY: LONG DURATION ENERGY STORAGE MARKET,
BY REGION, 2024–2030 (USD MILLION) 141
TABLE 79 LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (USD MILLION) 144
TABLE 80 LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2024–2030 (USD MILLION) 144
TABLE 81 LONG DURATION ENERGY STORAGE MARKET, BY REGION,
2020–2023 (MW) 144
TABLE 82 LONG DURATION ENERGY STORAGE MARKET, BY REGION, 2024–2030 (MW) 145
TABLE 83 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 146
TABLE 84 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 147
TABLE 85 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (MW) 147
TABLE 86 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (MW) 147
TABLE 87 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION) 147
TABLE 88 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY END USER, 2024–2030 (USD MILLION) 148
TABLE 89 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 148
TABLE 90 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 148
TABLE 91 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY, 2020–2023 (USD MILLION) 149
TABLE 92 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY, 2024–2030 (USD MILLION) 149
TABLE 93 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY DURATION, 2020–2023 (USD MILLION) 149
TABLE 94 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY DURATION, 2024–2030 (USD MILLION) 149
TABLE 95 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 150
TABLE 96 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 150
TABLE 97 US: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 151
TABLE 98 US: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 151
TABLE 99 CANADA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 152
TABLE 100 CANADA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 152
TABLE 101 MEXICO: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 153
TABLE 102 MEXICO: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 153
TABLE 103 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 154
TABLE 104 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 154
TABLE 105 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (MW) 154
TABLE 106 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (MW) 154
TABLE 107 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2020–2023 (USD MILLION) 155
TABLE 108 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2024–2030 (USD MILLION) 155
TABLE 109 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 155
TABLE 110 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 156
TABLE 111 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2020–2023 (USD MILLION) 156
TABLE 112 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2024–2030 (USD MILLION) 156
TABLE 113 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2020–2023 (USD MILLION) 157
TABLE 114 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2024–2030 (USD MILLION) 157
TABLE 115 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 157
TABLE 116 ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 158
TABLE 117 CHINA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 159
TABLE 118 CHINA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 159
TABLE 119 JAPAN: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 160
TABLE 120 JAPAN: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 160
TABLE 121 INDIA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 161
TABLE 122 INDIA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 161
TABLE 123 AUSTRALIA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 162
TABLE 124 AUSTRALIA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 162
TABLE 125 REST OF ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2020–2023 (USD MILLION) 163
TABLE 126 REST OF ASIA PACIFIC: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2024–2030 (USD MILLION) 163
TABLE 127 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 164
TABLE 128 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 165
TABLE 129 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (MW) 165
TABLE 130 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (MW) 165
TABLE 131 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2020–2023 (USD MILLION) 165
TABLE 132 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY END USER,
2024–2030 (USD MILLION) 166
TABLE 133 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 166
TABLE 134 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 166
TABLE 135 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2020–2023 (USD MILLION) 167
TABLE 136 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY,
2024–2030 (USD MILLION) 167
TABLE 137 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2020–2023 (USD MILLION) 167
TABLE 138 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY DURATION,
2024–2030 (USD MILLION) 167
TABLE 139 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 168
TABLE 140 EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 168
TABLE 141 GERMANY: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 169
TABLE 142 GERMANY: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 169
TABLE 143 UK: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 170
TABLE 144 UK: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 170
TABLE 145 FRANCE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 172
TABLE 146 FRANCE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 172
TABLE 147 ITALY: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 173
TABLE 148 ITALY: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 173
TABLE 149 REST OF EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 174
TABLE 150 REST OF EUROPE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 174
TABLE 151 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2020–2023 (USD MILLION) 175
TABLE 152 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2024–2030 (USD MILLION) 175
TABLE 153 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2020–2023 (MW) 175
TABLE 154 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2024–2030 (MW) 176
TABLE 155 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY END USER, 2020–2023 (USD MILLION) 176
TABLE 156 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY END USER, 2024–2030 (USD MILLION) 176
TABLE 157 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY APPLICATION, 2020–2023 (USD MILLION) 177
TABLE 158 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY APPLICATION, 2024–2030 (USD MILLION) 177
TABLE 159 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY CAPACITY, 2020–2023 (USD MILLION) 177
TABLE 160 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY CAPACITY, 2024–2030 (USD MILLION) 178
TABLE 161 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY DURATION, 2020–2023 (USD MILLION) 178
TABLE 162 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY DURATION, 2024–2030 (USD MILLION) 178
TABLE 163 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY COUNTRY, 2020–2023 (USD MILLION) 179
TABLE 164 MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY COUNTRY, 2024–2030 (USD MILLION) 179
TABLE 165 GCC COUNTRIES: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 180
TABLE 166 GCC COUNTRIES: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 180
TABLE 167 SOUTH AFRICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 181
TABLE 168 SOUTH AFRICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 181
TABLE 169 REST OF MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2020–2023 (USD MILLION) 182
TABLE 170 REST OF MIDDLE EAST & AFRICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2024–2030 (USD MILLION) 182
TABLE 171 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 183
TABLE 172 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 183
TABLE 173 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2020–2023 (MW) 183
TABLE 174 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (MW) 184
TABLE 175 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION) 184
TABLE 176 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY END USER, 2024–2030 (USD MILLION) 184
TABLE 177 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 185
TABLE 178 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 185
TABLE 179 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY, 2020–2023 (USD MILLION) 185
TABLE 180 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY CAPACITY, 2024–2030 (USD MILLION) 185
TABLE 181 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY DURATION, 2020–2023 (USD MILLION) 186
TABLE 182 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY DURATION, 2024–2030 (USD MILLION) 186
TABLE 183 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 186
TABLE 184 SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 186
TABLE 185 BRAZIL: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 187
TABLE 186 BRAZIL: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 187
TABLE 187 CHILE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 188
TABLE 188 CHILE: LONG DURATION ENERGY STORAGE MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 188
TABLE 189 REST OF SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2020–2023 (USD MILLION) 189
TABLE 190 REST OF SOUTH AMERICA: LONG DURATION ENERGY STORAGE MARKET,
BY TECHNOLOGY, 2024–2030 (USD MILLION) 189
TABLE 191 LONG DURATION ENERGY STORAGE MARKET:
OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024 190
TABLE 192 LONG DURATION ENERGY STORAGE MARKET: DEGREE OF COMPETITION, 2023 193
TABLE 193 LONG DURATION ENERGY STORAGE MARKET: REGION FOOTPRINT 202
TABLE 194 LONG DURATION ENERGY STORAGE MARKET: DURATION FOOTPRINT 202
TABLE 195 LONG DURATION ENERGY STORAGE MARKET: TECHNOLOGY FOOTPRINT 203
TABLE 196 LONG DURATION ENERGY STORAGE MARKET: APPLICATION FOOTPRINT 204
TABLE 197 LONG DURATION ENERGY STORAGE MARKET: CAPACITY FOOTPRINT 204
TABLE 198 LONG DURATION ENERGY STORAGE MARKET: END USER FOOTPRINT 205
TABLE 199 LONG DURATION ENERGY STORAGE MARKET: LIST OF KEY STARTUPS/SMES 207
TABLE 200 LONG DURATION ENERGY STORAGE MARKET:
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 209
TABLE 201 LONG DURATION ENERGY STORAGE MARKET:
PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2024 210
TABLE 202 LONG DURATION ENERGY STORAGE MARKET:
DEALS, JANUARY 2020–NOVEMBER 2024 211
TABLE 203 LONG DURATION ENERGY STORAGE MARKET:
EXPANSIONS, JANUARY 2020–NOVEMBER 2024 212
TABLE 204 LONG DURATION ENERGY STORAGE MARKET:
OTHER DEVELOPMENTS, JANUARY 2020–NOVEMBER 2024 213
TABLE 205 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW 215
TABLE 206 MAN ENERGY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 207 MAN ENERGY SOLUTIONS: DEALS 217
TABLE 208 MAN ENERGY SOLUTIONS: OTHER DEVELOPMENTS 217
TABLE 209 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW 219
TABLE 210 SUMITOMO ELECTRIC INDUSTRIES, LTD.:
PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 211 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCT LAUNCHES 221
TABLE 212 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS 221
TABLE 213 SUMITOMO ELECTRIC INDUSTRIES, LTD.: EXPANSIONS 222
TABLE 214 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHER DEVELOPMENTS 223
TABLE 215 ENERGY VAULT, INC.: COMPANY OVERVIEW 224
TABLE 216 ENERGY VAULT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 217 ENERGY VAULT, INC.: DEALS 226
TABLE 218 ENERGY VAULT, INC.: EXPANSIONS 229
TABLE 219 ENERGY VAULT, INC.: OTHER DEVELOPMENTS 230
TABLE 220 INVINITY ENERGY SYSTEMS: COMPANY OVERVIEW 232
TABLE 221 INVINITY ENERGY SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 222 INVINITY ENERGY SYSTEMS: DEALS 234
TABLE 223 INVINITY ENERGY SYSTEMS: OTHER DEVELOPMENTS 235
TABLE 224 HIGHVIEW POWER: COMPANY OVERVIEW 237
TABLE 225 HIGHVIEW POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 226 HIGHVIEW POWER: DEALS 238
TABLE 227 HIGHVIEW POWER: EXPANSIONS 238
TABLE 228 HIGHVIEW POWER: OTHER DEVELOPMENTS 239
TABLE 229 CMBLU ENERGY AG: COMPANY OVERVIEW 240
TABLE 230 CMBLU ENERGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 231 CMBLU ENERGY AG: DEALS 241
TABLE 232 CMBLU ENERGY AG: EXPANSIONS 242
TABLE 233 CMBLU ENERGY AG: OTHER DEVELOPMENTS 242
TABLE 234 RHEENERGISE LIMITED: COMPANY OVERVIEW 243
TABLE 235 RHEENERGISE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 243
TABLE 236 RHEENERGISE LIMITED: DEALS 244
TABLE 237 RHEENERGISE LIMITED: OTHER DEVELOPMENTS 244
TABLE 238 MALTA INC.: COMPANY OVERVIEW 246
TABLE 239 MALTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
TABLE 240 MALTA INC.: DEALS 247
TABLE 241 MALTA INC.: OTHER DEVELOPMENTS 248
TABLE 242 PRIMUS POWER: COMPANY OVERVIEW 248
TABLE 243 PRIMUS POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 249
TABLE 244 STORELECTRIC LTD.: COMPANY OVERVIEW 250
TABLE 245 STORELECTRIC LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 250
TABLE 246 QUANTUMSCAPE BATTERY, INC.: COMPANY OVERVIEW 251
TABLE 247 QUANTUMSCAPE BATTERY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 248 QUANTUMSCAPE BATTERY, INC.: DEALS 252
TABLE 249 FORM ENERGY: COMPANY OVERVIEW 253
TABLE 250 FORM ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 253
TABLE 251 FORM ENERGY: DEALS 254
TABLE 252 FORM ENERGY: EXPANSIONS 255
TABLE 253 FORM ENERGY: OTHER DEVELOPMENTS 255
TABLE 254 SFW: COMPANY OVERVIEW 257
TABLE 255 SFW: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 256 SFW: DEALS 258
TABLE 257 SFW: OTHER DEVELOPMENTS 258
TABLE 258 AUGWIND: COMPANY OVERVIEW 259
TABLE 259 AUGWIND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
TABLE 260 AUGWIND: DEALS 261
TABLE 261 AUGWIND: EXPANSIONS 262
TABLE 262 AUGWIND: OTHER DEVELOPMENTS 262
TABLE 263 ESS TECH, INC.: COMPANY OVERVIEW 263
TABLE 264 ESS TECH, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
TABLE 265 ESS TECH, INC.: PRODUCT LAUNCHES 264
TABLE 266 ESS TECH, INC.: DEALS 265
TABLE 267 ESS TECH, INC.: EXPANSIONS 266
TABLE 268 ESS TECH, INC.: OTHER DEVELOPMENTS 267
TABLE 269 EOS ENERGY ENTERPRISES: COMPANY OVERVIEW 269
TABLE 270 EOS ENERGY ENTERPRISES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 271 EOS ENERGY ENTERPRISES: DEALS 271
TABLE 272 EOS ENERGY ENTERPRISES: OTHER DEVELOPMENTS 273
TABLE 273 1414 DEGREES AUSTRALIA: BUSINESS OVERVIEW 274
TABLE 274 GKN HYDROGEN: BUSINESS OVERVIEW 275
TABLE 275 ALSYM ENERGY INC.: BUSINESS OVERVIEW 276
TABLE 276 AMBRI INCORPORATED: BUSINESS OVERVIEW 276
TABLE 277 VFLOWTECH PTE LTD.: BUSINESS OVERVIEW 277
TABLE 278 VOLTSTORAGE: BUSINESS OVERVIEW 277
TABLE 279 MGA THERMAL PTY LTD: BUSINESS OVERVIEW 278
TABLE 280 RONDO ENERGY, INC.: BUSINESS OVERVIEW 279
TABLE 281 LINA ENERGY LTD.: BUSINESS OVERVIEW 280
TABLE 282 E-ZINC INC.: BUSINESS OVERVIEW 280
TABLE 283 RYE DEVELOPMENT, LLC: BUSINESS OVERVIEW 281
TABLE 284 HYDROSTOR: BUSINESS OVERVIEW 281
TABLE 285 ENERGY DOME S.P.A.: BUSINESS OVERVIEW 282
TABLE 286 ARKLE ENERGY SOLUTIONS: BUSINESS OVERVIEW 282
LIST OF FIGURES
FIGURE 1 LONG DURATION ENERGY STORAGE MARKET: RESEARCH DESIGN 33
FIGURE 2 LONG DURATION ENERGY STORAGE MARKET: DATA TRIANGULATION 37
FIGURE 3 LONG DURATION ENERGY STORAGE MARKET: BOTTOM-UP APPROACH 38
FIGURE 4 LONG DURATION ENERGY STORAGE MARKET: TOP-DOWN APPROACH 39
FIGURE 5 LONG DURATION ENERGY STORAGE MARKET: DEMAND-SIDE ANALYSIS 39
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF
LONG DURATION ENERGY STORAGE PROVIDERS 41
FIGURE 7 LONG DURATION ENERGY STORAGE MARKET: SUPPLY-SIDE ANALYSIS 42
FIGURE 8 SHARE OF PLAYERS IN LONG DURATION ENERGY STORAGE MARKET, 2023 43
FIGURE 9 NORTH AMERICA DOMINATED LONG DURATION ENERGY STORAGE
MARKET IN 2023 46
FIGURE 10 MECHANICAL STORAGE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 47
FIGURE 11 GRID MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 47
FIGURE 12 UTILITIES SEGMENT TO BE DOMINANT END USER OF
LONG DURATION ENERGY STORAGE DURING FORECAST PERIOD 48
FIGURE 13 MORE THAN 100 MW SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
BY 2030 48
FIGURE 14 8 TO 24 HOURS SEGMENT TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD 49
FIGURE 15 INCREASING ADOPTION OF RENEWABLE ENERGY SOURCES AND
GOVERNMENT POLICIES TO DRIVE MARKET DURING FORECAST PERIOD 50
FIGURE 16 MEXICO TO BE FASTEST-GROWING LONG DURATION ENERGY STORAGE MARKET DURING FORECAST PERIOD 51
FIGURE 17 ELECTROCHEMICAL STORAGE TO DOMINATE LONG DURATION ENERGY
STORAGE MARKET IN 2030 51
FIGURE 18 8 TO 24 HOURS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF
LONG DURATION ENERGY STORAGE MARKET IN 2030 52
FIGURE 19 GRID MANAGEMENT TO BE DOMINANT APPLICATION OF
LONG DURATION ENERGY STORAGE MARKET IN 2030 52
FIGURE 20 MORE THAN 100 MW SEGMENT TO ACCOUNT FOR
LARGEST MARKET SHARE IN 2030 53
FIGURE 21 UTILITIES TO BE DOMINANT END USER OF LONG
DURATION ENERGY STORAGE IN 2030 53
FIGURE 22 US TO DOMINATE LONG DURATION ENERGY STORAGE MARKET
IN NORTH AMERICA 54
FIGURE 23 LONG DURATION ENERGY STORAGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
FIGURE 25 LONG DURATION ENERGY STORAGE MARKET: SUPPLY CHAIN ANALYSIS 64
FIGURE 26 LONG DURATION ENERGY STORAGE MARKET: ECOSYSTEM ANALYSIS 65
FIGURE 27 INVESTMENT AND FUNDING SCENARIO, 2023 68
FIGURE 28 PATENT APPLIED AND GRANTED, 2014–2023 71
FIGURE 29 IMPORT DATA FOR HS CODE 8507-COMPLIANT PRODUCTS, BY COUNTRY,
2021–2023 74
FIGURE 30 EXPORT DATA FOR HS CODE 8507-COMPLIANT PRODUCTS,
BY COUNTRY, 2021–2023 75
FIGURE 31 AVERAGE SELLING PRICE TREND OF LONG DURATION ENERGY STORAGE SOLUTIONS, BY REGION, 2020–2024 77
FIGURE 32 PORTER’S FIVE FORCES’ IMPACT ON LONG DURATION ENERGY STORAGE MARKET 82
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS 84
FIGURE 34 KEY BUYING CRITERIA FOR END USERS 84
FIGURE 35 IMPACT OF AI/GENERATIVE AI ON END USER AND REGION 87
FIGURE 36 LONG DURATION ENERGY STORAGE MARKET SHARE, BY TECHNOLOGY, 2023 92
FIGURE 37 LONG DURATION ENERGY STORAGE MARKET SHARE, BY DURATION, 2023 110
FIGURE 38 LONG DURATION ENERGY STORAGE MARKET SHARE, BY CAPACITY, 2023 117
FIGURE 39 LONG DURATION ENERGY STORAGE MARKET SHARE, BY APPLICATION, 2023 124
FIGURE 40 LONG DURATION ENERGY STORAGE MARKET SHARE, BY END USER, 2023 134
FIGURE 41 ASIA PACIFIC TO BE FASTEST-GROWING LONG DURATION ENERGY STORAGE MARKET DURING FORECAST PERIOD 143
FIGURE 42 NORTH AMERICA: LONG DURATION ENERGY STORAGE MARKET SNAPSHOT 146
FIGURE 43 EUROPE: LONG DURATION ENERGY STORAGE MARKET SNAPSHOT 164
FIGURE 44 LONG DURATION ENERGY STORAGE MARKET: REVENUE ANALYSIS OF
TOP FIVE PLAYERS, 2019–2023 192
FIGURE 45 LONG DURATION ENERGY STORAGE MARKET SHARE ANALYSIS, 2023 194
FIGURE 46 COMPANY VALUATION, 2024 196
FIGURE 47 FINANCIAL METRICS, 2024 196
FIGURE 48 BRAND/PRODUCT COMPARISON 197
FIGURE 49 LONG DURATION ENERGY STORAGE MARKET:
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 199
FIGURE 50 LONG DURATION ENERGY STORAGE MARKET: COMPANY FOOTPRINT 200
FIGURE 51 LONG DURATION ENERGY STORAGE MARKET: MARKET FOOTPRINT 201
FIGURE 52 LONG DURATION ENERGY STORAGE MARKET:
COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 207
FIGURE 53 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT 220
FIGURE 54 ENERGY VAULT, INC.: COMPANY SNAPSHOT 225
FIGURE 55 INVINITY ENERGY SYSTEMS: COMPANY SNAPSHOT 233
FIGURE 56 AUGWIND: COMPANY SNAPSHOT 259
FIGURE 57 ESS TECH, INC.: COMPANY SNAPSHOT 263
FIGURE 58 EOS ENERGY ENTERPRISES: COMPANY SNAPSHOT 269
