Energy Storage Market Outlook 2024 | StartUs
This energy storage report serves as a reference for stakeholders within the industry, investors, policymakers, and economic
Industry Growth: The energy storage industry includes over 13900 companies, growing by 3.56% last year, reflecting its expanding market presence and potential. Manpower & Employment Growth: The industry employs 1.7 million people globally, with 114000 new employees added last year, indicating substantial workforce expansion.
The U.S. energy storage industry has been observing remarkable growth due to increasing demand for efficient battery storage from different sectors such as EV, renewable energy and many more. This is pushing numerous innovative initiations in the industry. Solid-state batteries, gravity-based ESS are some of the innovations in the field.
And more. The global energy storage market had a record-breaking 2024 and continues to see significant future growth and technological advancement. As countries across the globe seek to meet their energy transition goals, energy storage is critical to ensuring reliable and stable regional power markets.
The push toward clean energy targets in 24 states also creates compelling opportunities for energy storage. While established markets like California, Texas and Arizona set the pace, the growing project pipeline in regions like the Midwest demonstrates the technology's broadening appeal.
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