Overview of Energy Storage Market in the world

In the context of carbon neutrality, the global energy supply transition has accelerated and the rise of clean energy has driven the rapid development of the energy storage industry.

Mature markets like Europe, USA, Japan, South Korea, and Australia have seen steady growth in demand, and emerging markets such as Brazil, Ireland, India, Africa, and Egypt, are also exploding with new demand increments

Market overview of some countries:


Germany is the largest household energy storage market in Europe, the government encourages self-generation and self-consumption, and Subsidy benefits can be obtained after the excess power is connected to the grid; renewable energy production currently accounts for 49% of electricity demand, due to the war between Russia and Ukraine, the flow of natural gas from Russia is reduced, Germany still has energy shortages, there’s still a lot of expansion capacity for the energy storage market

United Kingdom

One of the TOP-three European markets, 2020 liberalized the scale of energy storage project applications, the front of the Meter Market is growing rapidly; but due to the low growth rate of household PV installation, the UK household energy storage market growth is relatively slow.


Approximately 71% of the electricity consumed in 2021 still comes from fossil fuels, with coal power accounting for 51%. “Older coal-fired units still operating in Australia have exceeded their projected lifespans, so power stations tend to rotate out of service between them for maintenance, As a result, leading to chronic electricity supply shortages in Australia


Japan’s power supply and demand are severe due to COVID-19, frequent extreme weather conditions, fossil fuel shortages, geopolitical conflicts, and nuclear power leaks. The user-side energy storage has reached 3GWh in Japan by 2020 and is continuing to climb

The Middle East and North Africa

In recent years, solar power has taken off in the MENA region, with some of the world’s largest projects coming to fruition. As countries continue to implement their “decarbonization” goals, the development of the region’s energy storage market remains one of the most critical aspects