Europe Energy Storage Market

Detailed market report on the Europe energy storage market, featuring industry analysis, size, and forecast from 2025 to 2030.

The Report Covers European Energy Storage Companies and the Market is segmented by Technology (Batteries, Pumped-Storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy Storage (FES), and Others), End-User (Residential and Commercial & Industrial), and Geography (Germany, United Kingdom, France, Italy, Austria, Switzerland, and Rest of Europe).

Europe Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Energy Storage Market Size

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Europe Energy Storage Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 18.00 %
Market Concentration Medium

Major Players

Europe Energy Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Energy Storage Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

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Emerging Energy Technologies

Energy Storage Technology

Europe Energy Storage Market Analysis

The Europe Energy Storage Market is expected to register a CAGR of greater than 18% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

  • Over the long term, factors like increasing demand for uninterrupted power supply and decreasing price of lithium-ion batteries are expected to drive the market.
  • On the other hand, a mismatch in the supply and demand of raw materials is a significant restraint hindering the market's growth.
  • Nevertheless, the increasing technological advancements in various technologies like compressed air energy storage (CAES), which has higher efficiency than present-day technologies, are expected to create enormous opportunities for the Europe Energy Storage Market.
  • Germany is expected to dominate the market during the forecast period, owing to the increasing energy demand from residential, industrial, and commercial sectors and supportive government policies.

Europe Energy Storage Industry Overview

The Europe energy storage market is moderately fragmented. Some key players (in no particular order) are GS Yuasa Corporation, Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, LG Energy Solution, Ltd., and Samsung SDI Co. Ltd.

Europe Energy Storage Market Leaders

  1. BYD Co. Ltd

  2. Samsung SDI Co. Ltd

  3. GS Yuasa Corporation

  4. Contemporary Amperex Technology Co. Limited

  5. LG Energy Solution, Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Europe Energy Storage Market Concentration
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Europe Energy Storage Market News

  • In November 2022, Harmony Energy Income Trust, an investment firm, announced that its Pillswoodproject in Yorkshire, UK, had gone live four months earlier than planned. According to Harmony, the 98MW/196MWh facility is Europe's largest BESS project by MWh. This is enough to power approximately 300,000 UK homes for two hours. The project will provide balancing services to the UK electricity grid network using a Tesla two-hour Megapack. Harmony Energy developed the project, with Tesla overseeing construction. Autobidder, Tesla's algorithmic trading platform, will manage the project.
  • In September 2022, Global energy company RWE announced they would bring a 72MW battery energy storage system (BESS) online by the end of 2022 in Werne, Germany. The two BESS units are made up of 420 lithium-ion batteries having a combined output of 117 MW.
  • In June 2022, Warstillaannounced to partner with SSE Plc to deliver 50 MW/ 100 MWh of battery energy storage system in Salisbury, United Kingdom, for the SSE solar power plant, and the battery energy storage system is expected to be commissioned in September 2023.

Europe Energy Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Batteries
    • 5.1.2 Pumped-Storage Hydroelectricity (PSH)
    • 5.1.3 Thermal Energy Storage (TES)
    • 5.1.4 Fywheel Energy Storage (FES)
    • 5.1.5 Others
  • 5.2 End-User
    • 5.2.1 Residential
    • 5.2.2 Commercial & Indsutrial
  • 5.3 Geography {Market Size and Demand Forecast till 2028 (for regions only)}
    • 5.3.1 Germany
    • 5.3.2 United Kingdom
    • 5.3.3 France
    • 5.3.4 Italy
    • 5.3.5 Austria
    • 5.3.6 Switzerland
    • 5.3.7 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 GS Yuasa Corporation
    • 6.3.2 Contemporary Amperex Technology Co. Limited
    • 6.3.3 Tesla Inc
    • 6.3.4 BYD Co. Ltd
    • 6.3.5 Clarios (Formerly Johnson Controls International PLC)
    • 6.3.6 Varta AG
    • 6.3.7 LG Energy Solution, Ltd.
    • 6.3.8 NGK Insulators Ltd
    • 6.3.9 Samsung SDI Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Energy Storage Industry Segmentation

An Energy Storage System, often abbreviated as ESS, is a storage system that captures energy produced at one time from any energy-producing source for use at a later time as per the convenience of the end user to reduce imbalances between energy demand and energy production. The quantity of energy and power defines an Energy Storage System (ESS) it is capable of storing (MWh and MW).

Technology, End-User, and Geography segment the Europe energy storage market. By Technology, the market is segmented into Batteries, Pumped-Storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy Storage (FES), and Others. By End-User, the market is segmented into Residential and Commercial & Industrial. The report also covers the market size and forecasts for the Europe energy storage market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Technology Batteries
Pumped-Storage Hydroelectricity (PSH)
Thermal Energy Storage (TES)
Fywheel Energy Storage (FES)
Others
End-User Residential
Commercial & Indsutrial
Geography {Market Size and Demand Forecast till 2028 (for regions only)} Germany
United Kingdom
France
Italy
Austria
Switzerland
Rest of Europe
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Europe Energy Storage Market Research FAQs

What is the current Europe Energy Storage Market size?

The Europe Energy Storage Market is projected to register a CAGR of greater than 18% during the forecast period (2025-2030)

Who are the key players in Europe Energy Storage Market?

BYD Co. Ltd, Samsung SDI Co. Ltd, GS Yuasa Corporation, Contemporary Amperex Technology Co. Limited and LG Energy Solution, Ltd. are the major companies operating in the Europe Energy Storage Market.

What years does this Europe Energy Storage Market cover?

The report covers the Europe Energy Storage Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Energy Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Energy Storage Industry Report

The Europe Energy Storage Systems Market is experiencing robust growth, driven by increasing demand across residential, commercial, and industrial sectors. The residential segment is particularly strong, with a significant need for continuous power supply and efficient energy storage solutions to manage frequent power outages and integrate renewable energy sources. Innovations in battery technology, especially lithium-ion batteries, are pivotal in advancing the market and enhancing the efficiency and integration of energy storage systems. Government policies promoting renewable energy integration also support the adoption of advanced energy storage solutions. These factors collectively contribute to the dynamic growth of the Europe battery storage system market, positioning it as a leader in energy innovation and sustainability. For detailed statistics, market share, size, and revenue growth rate, refer to Mordor Intelligence™ Industry Reports, which include a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download to understand the market's trajectory and key trends.