In 2025, the energy storage market was valued at USD 164. 75 billion and is forecast to reach USD 185. . By technology, batteries held 53. 1% from 2025 to 2034, driven by increased renewable energy integration and grid modernization efforts. Despite policy changes and uncertainty in the world's two largest markets, the US and China, the sector continues to grow as developers push forward with larger and larger utility-scale projects. 41 GW by 2030, growing at a CAGR of 11.
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