How to understand the export market of industrial energy storage batteries

What is the global battery market based on end use?

Based on end use, the market is segmented into automobiles, consumer electronics, grid-scale energy storage, telecom, power tools, military & defense, aerospace, and others. The automobile segment has emerged as the largest end use in the global battery industry, capturing over 31.0 % of the market share in 2024.

What is a battery energy storage system?

A Battery Energy Storage System (BESS) secures electrical energy from renewable and non-renewable sources and collects and saves it in rechargeable batteries for use at a later date. When energy is needed, it is released from the BESS to power demand to lessen any disparity between energy demand and energy generation.

Are lithium-ion batteries in demand?

Due to their declining prices, lithium-ion batteries are witnessing a massive demand in the battery energy storage market. The United States Department of Energy (DOE) announced an interim price target of USD 123/kWh by 2022, and the costs for lithium-ion batteries are estimated to fall to as low as USD 73/kWh by 2030.

How important are batteries in energy storage systems?

Batteries are crucial in energy storage systems and are responsible for around 60% of the system's total cost. However, batteries are expected to account for only a small portion of the total installed storage capacity.

What is a stationary battery?

Stationary batteries are designed for fixed, non-mobile applications and are primarily used for energy storage and backup power. They are commonly employed in uninterruptible power supply (UPS) systems, renewable energy storage, telecommunications, and grid energy storage.

What is the global battery market size?

The global battery market size was estimated at USD 134,622.4 million in 2024 and is projected to grow at a CAGR of 16.4% from 2025 to 2030. The increasing adoption of electric vehicles (EVs) is a significant factor driving the growth of the market.