Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Global projected energy storage costs 2020-2035

Projected costs of energy storage worldwide from 2020 to 2035 (in U.S. dollar per kilowatt hour)

by Statista Research Department, last edited Nov 23, 2015
Global projected energy storage costs 2020-2035 This statistic displays a projection of the costs of energy storage worldwide from 2020 to 2035. In 2025, energy storage costs are expected to decrease to about 230 U.S. dollars per kilowatt hour. Energy storage is currently used heavily in the automotive industry.
Energy storage technology outlook

The cost of energy storage technologies are expected to gradually decrease from about an average of 250 U.S. dollars per kilowatt hour in 2020 to 200 U.S. dollars per kilowatt hour in 2035. Energy storage allows consumers to store the excess energy produced by renewable energy resources for later use. Panasonic and Tesla are expected to add some 35 gigawatt hours of battery capacity additions between 2015 and 2020 in the United States.

Currently, there are several types of energy storage technologies that can cater to different needs. For example, there are long-term storage technologies such as power to gas using methane or hydrogen as well as technology that allows the storage of cold or heat within aquifers and bedrock. However, in 2014, the vast majority of the world’s energy storage capacity was in the form of pumped hydroelectric power, a type of mechanical storage. Yet, battery technologies are gaining traction in the global market due to demand from electric vehicles and decreasing costs. Electric vehicles are expected to account for over 18,000 gigawatt hours of energy storage demand by 2020.
Show more

Projected costs of energy storage worldwide from 2020 to 2035 (in U.S. dollar per kilowatt hour)

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
I think of Statista as Google for researchers. Statista provides you with the information you search for right away.
Dr. Horst Stipp

Dr. Horst Stipp
EVP, Research & Innovation, Advertising Research Foundation

Statistics on "Energy storage"
  • Global capacity
  • U.S. capacity
  • Investment and costs
  • Storage technologies
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.