Energy storage systems market size worldwide 2023-2031, by type
Pumped hydro systems dominate the global energy storage market. Their market size is forecast to increase from 233 billion U.S. dollars to over 450 billion U.S. dollars between 2023 and 2031. Electrochemical, thermal storage, and electromechanical energy storage systems account for the remaining share of the market.
More information on the global energy storage system market can be found here.