The global market for Storage Battery for Power Supply was estimated to be worth US$ 18056 million in 2024 and is forecast to a readjusted size of US$ 61059 million by 2031 with a CAGR of 17.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Storage Battery for Power Supply cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Storage Battery for Power Supply refers to a rechargeable battery system designed to store electrical energy and release it when needed to ensure a stable and continuous power supply. These batteries are commonly used in backup power systems, renewable energy storage (such as solar and wind), and grid stabilization applications, providing energy during peak demand or outages to enhance reliability and efficiency of the overall power infrastructure.
The global market for storage batteries for power supply is experiencing significant growth, driven by the rising demand for stable and uninterrupted energy in a wide range of applications. These batteries play a critical role in supporting power grids, especially in scenarios involving renewable energy sources, which are inherently intermittent. Leading manufacturers in the space include LG Energy Solution, EnerSys, and GS Yuasa Corporation, among others, who are actively expanding their offerings to address both industrial and commercial power supply needs.
Regionally, North America holds the largest market share at approximately 32%, reflecting the region's focus on grid modernization, renewable integration, and data center expansion. However, China and Europe are close followers, each with more than 40% combined market share, indicating strong governmental support for energy storage technologies and sustainability efforts. These regions are also investing heavily in infrastructure upgrades and backup power systems to enhance resilience.
Among applications, utilities dominate the market due to the increasing need for grid reliability, renewable integration, and energy arbitrage. Communication systems also represent a growing application area, particularly as 5G and cloud infrastructure expand globally. With the growing emphasis on decarbonization and smart energy management, the storage battery for power supply market is expected to remain a key enabler of the energy transition in the years ahead.
This report aims to provide a comprehensive presentation of the global market for Storage Battery for Power Supply, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Storage Battery for Power Supply by region & country, by Type, and by Application.
The Storage Battery for Power Supply market size, estimations, and forecasts are provided in terms of sales volume (MWh) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Storage Battery for Power Supply.
Market Segmentation
By Company
- LG hem
- EnerSys
- GS Yuasa Corporate
- Shandong Sacred Sun Power Sources Co. ltd.
- Samsung SDI
- Hoppecke
- Toshiba
- Kokam
- Gotion, Inc.
Segment by Type
- by Battery Type
- by Voltage Range
- by Product Type
Segment by Application
- Utilities
- Communications
- Railway Communication
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Storage Battery for Power Supply manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Storage Battery for Power Supply in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Storage Battery for Power Supply in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Storage Battery for Power Supply Product Introduction
- 1.2 Global Storage Battery for Power Supply Market Size Forecast
- 1.2.1 Global Storage Battery for Power Supply Sales Value (2020-2031)
- 1.2.2 Global Storage Battery for Power Supply Sales Volume (2020-2031)
- 1.2.3 Global Storage Battery for Power Supply Sales Price (2020-2031)
- 1.3 Storage Battery for Power Supply Market Trends & Drivers
- 1.3.1 Storage Battery for Power Supply Industry Trends
- 1.3.2 Storage Battery for Power Supply Market Drivers & Opportunity
- 1.3.3 Storage Battery for Power Supply Market Challenges
- 1.3.4 Storage Battery for Power Supply Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Storage Battery for Power Supply Players Revenue Ranking (2024)
- 2.2 Global Storage Battery for Power Supply Revenue by Company (2020-2025)
- 2.3 Global Storage Battery for Power Supply Players Sales Volume Ranking (2024)
- 2.4 Global Storage Battery for Power Supply Sales Volume by Company Players (2020-2025)
- 2.5 Global Storage Battery for Power Supply Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Storage Battery for Power Supply Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Storage Battery for Power Supply Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Storage Battery for Power Supply
- 2.9 Storage Battery for Power Supply Market Competitive Analysis
- 2.9.1 Storage Battery for Power Supply Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Storage Battery for Power Supply Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Storage Battery for Power Supply as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 by Battery Type
- 3.1.2 by Voltage Range
- 3.1.3 by Product Type
- 3.2 Global Storage Battery for Power Supply Sales Value by Type
- 3.2.1 Global Storage Battery for Power Supply Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Storage Battery for Power Supply Sales Value, by Type (2020-2031)
- 3.2.3 Global Storage Battery for Power Supply Sales Value, by Type (%) (2020-2031)
- 3.3 Global Storage Battery for Power Supply Sales Volume by Type
- 3.3.1 Global Storage Battery for Power Supply Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Storage Battery for Power Supply Sales Volume, by Type (2020-2031)
- 3.3.3 Global Storage Battery for Power Supply Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Storage Battery for Power Supply Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Utilities
- 4.1.2 Communications
- 4.1.3 Railway Communication
- 4.1.4 Others
- 4.2 Global Storage Battery for Power Supply Sales Value by Application
- 4.2.1 Global Storage Battery for Power Supply Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Storage Battery for Power Supply Sales Value, by Application (2020-2031)
- 4.2.3 Global Storage Battery for Power Supply Sales Value, by Application (%) (2020-2031)
- 4.3 Global Storage Battery for Power Supply Sales Volume by Application
- 4.3.1 Global Storage Battery for Power Supply Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Storage Battery for Power Supply Sales Volume, by Application (2020-2031)
- 4.3.3 Global Storage Battery for Power Supply Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Storage Battery for Power Supply Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Storage Battery for Power Supply Sales Value by Region
- 5.1.1 Global Storage Battery for Power Supply Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Storage Battery for Power Supply Sales Value by Region (2020-2025)
- 5.1.3 Global Storage Battery for Power Supply Sales Value by Region (2026-2031)
- 5.1.4 Global Storage Battery for Power Supply Sales Value by Region (%), (2020-2031)
- 5.2 Global Storage Battery for Power Supply Sales Volume by Region
- 5.2.1 Global Storage Battery for Power Supply Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Storage Battery for Power Supply Sales Volume by Region (2020-2025)
- 5.2.3 Global Storage Battery for Power Supply Sales Volume by Region (2026-2031)
- 5.2.4 Global Storage Battery for Power Supply Sales Volume by Region (%), (2020-2031)
- 5.3 Global Storage Battery for Power Supply Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Storage Battery for Power Supply Sales Value, 2020-2031
- 5.4.2 North America Storage Battery for Power Supply Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Storage Battery for Power Supply Sales Value, 2020-2031
- 5.5.2 Europe Storage Battery for Power Supply Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Storage Battery for Power Supply Sales Value, 2020-2031
- 5.6.2 Asia Pacific Storage Battery for Power Supply Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Storage Battery for Power Supply Sales Value, 2020-2031
- 5.7.2 South America Storage Battery for Power Supply Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Storage Battery for Power Supply Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Storage Battery for Power Supply Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Storage Battery for Power Supply Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Storage Battery for Power Supply Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Storage Battery for Power Supply Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Storage Battery for Power Supply Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Storage Battery for Power Supply Sales Value, 2020-2031
- 6.3.2 United States Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Storage Battery for Power Supply Sales Value, 2020-2031
- 6.4.2 Europe Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Storage Battery for Power Supply Sales Value, 2020-2031
- 6.5.2 China Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Storage Battery for Power Supply Sales Value, 2020-2031
- 6.6.2 Japan Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Storage Battery for Power Supply Sales Value, 2020-2031
- 6.7.2 South Korea Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Storage Battery for Power Supply Sales Value, 2020-2031
- 6.8.2 Southeast Asia Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Storage Battery for Power Supply Sales Value, 2020-2031
- 6.9.2 India Storage Battery for Power Supply Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Storage Battery for Power Supply Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 LG hem
- 7.1.1 LG hem Company Information
- 7.1.2 LG hem Introduction and Business Overview
- 7.1.3 LG hem Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 LG hem Storage Battery for Power Supply Product Offerings
- 7.1.5 LG hem Recent Development
- 7.2 EnerSys
- 7.2.1 EnerSys Company Information
- 7.2.2 EnerSys Introduction and Business Overview
- 7.2.3 EnerSys Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 EnerSys Storage Battery for Power Supply Product Offerings
- 7.2.5 EnerSys Recent Development
- 7.3 GS Yuasa Corporate
- 7.3.1 GS Yuasa Corporate Company Information
- 7.3.2 GS Yuasa Corporate Introduction and Business Overview
- 7.3.3 GS Yuasa Corporate Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 GS Yuasa Corporate Storage Battery for Power Supply Product Offerings
- 7.3.5 GS Yuasa Corporate Recent Development
- 7.4 Shandong Sacred Sun Power Sources Co. ltd.
- 7.4.1 Shandong Sacred Sun Power Sources Co. ltd. Company Information
- 7.4.2 Shandong Sacred Sun Power Sources Co. ltd. Introduction and Business Overview
- 7.4.3 Shandong Sacred Sun Power Sources Co. ltd. Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Shandong Sacred Sun Power Sources Co. ltd. Storage Battery for Power Supply Product Offerings
- 7.4.5 Shandong Sacred Sun Power Sources Co. ltd. Recent Development
- 7.5 Samsung SDI
- 7.5.1 Samsung SDI Company Information
- 7.5.2 Samsung SDI Introduction and Business Overview
- 7.5.3 Samsung SDI Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Samsung SDI Storage Battery for Power Supply Product Offerings
- 7.5.5 Samsung SDI Recent Development
- 7.6 Hoppecke
- 7.6.1 Hoppecke Company Information
- 7.6.2 Hoppecke Introduction and Business Overview
- 7.6.3 Hoppecke Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Hoppecke Storage Battery for Power Supply Product Offerings
- 7.6.5 Hoppecke Recent Development
- 7.7 Toshiba
- 7.7.1 Toshiba Company Information
- 7.7.2 Toshiba Introduction and Business Overview
- 7.7.3 Toshiba Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Toshiba Storage Battery for Power Supply Product Offerings
- 7.7.5 Toshiba Recent Development
- 7.8 Kokam
- 7.8.1 Kokam Company Information
- 7.8.2 Kokam Introduction and Business Overview
- 7.8.3 Kokam Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Kokam Storage Battery for Power Supply Product Offerings
- 7.8.5 Kokam Recent Development
- 7.9 Gotion, Inc.
- 7.9.1 Gotion, Inc. Company Information
- 7.9.2 Gotion, Inc. Introduction and Business Overview
- 7.9.3 Gotion, Inc. Storage Battery for Power Supply Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Gotion, Inc. Storage Battery for Power Supply Product Offerings
- 7.9.5 Gotion, Inc. Recent Development
8 Industry Chain Analysis
- 8.1 Storage Battery for Power Supply Industrial Chain
- 8.2 Storage Battery for Power Supply Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Storage Battery for Power Supply Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Storage Battery for Power Supply Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer