Distributed Energy Storage System Market - Top Companies and Manufacturers

In the year 2024, the industry size of distributed energy storage system is estimated at USD 5.89 Billion.

The distributed energy storage system market size was valued at USD 5.45 Billion in 2023 and is anticipated to cross USD 16.5 Billion by the end of 2036, expanding at more than 8.9% CAGR during the forecast period i.e., between 2024-2036. Increasing deployment of microgrids, rising fossil fuel prices, and escalating government policies to mitigate carbon emissions are the major factors driving market growth.

Asia Pacific is poised to account for majority industry share by 2036, attributed to increasing demand and consumption of electricity in countries such as China, India, Japan, and so on, coupled with massive surge in investments in renewable energy in the region.

Johnson Controls International plc, ABB Ltd., Schneider Electric SE, Emerson Electric Co., Advanced Control Systems, LLC, Hitachi, Ltd., LG Energy Solution Ltd., NEC Corporation, The General Electric Company, Jabil, Inc.