Top Companies in Energy Storage System Market | Top Players Competitor Analysis, Company Market Share, Revenue by Vantage Market Research

Energy storage in the form of batteries is viewed as a critical technology for developing a sustainable energy system.

Top Companies in Energy Storage System Market | Top Players Competitor Analysis, Company Market Share, Revenue by Vantage Market Research
energy storage system market


The Global Energy Storage System Market is valued at USD 191.4 Billion in the year 2021 and is forecasted to reach a value of USD 302 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.9% over the forecast period. The Energy Storage System is a piece of equipment that allows various types of energy, such as electrochemical and mechanical, to be stored and used as needed. The global focus on renewable energy production is fueling the demand for Energy Storage Systems. However, excessive capital investments in Energy Storage Systems and an upward push in the condition in which environmental pollutants are produced are expected to limit the future market growth. As a result, prominent companies are employing a variety of strategies to stay competitive in the Energy Storage Systems Market, including product launches, acquisitions, agreements, corporate development, and collaboration.

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Some of the key players operating in the Energy Storage System Market are listed below:

Company Name

Revenue in the US

  • Schneider Electric

$30 Billion

  • SMA Solar Technology

$1 Billion

  • Exide Industries Ltd.

$2 Billion

  • SK Holdings

$80 Billion

  • Autobat SACI

<$5 Million

  • Enerbrax Acumuladores Ltd

<$5 Million

  • Eguana Technologies

<$5 Million

  • Imergy Power Systems

$43 Million

  • Ionotec Ltd

<$5 Million

  • Tata Power

<$5 Million

  1. Schneider Electric

Schneider Electric SE engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs. The Energy Management segment leverages a complete end-to-end technology offering enabled by Eco Structure. The Industrial Automation segment comprises industrial automation and industrial control activities, across discrete, process, and hybrid industries. The company was founded by Adolphe Schneider and Joseph-Eugene Schneider in 1836 and is headquartered in Rueil-Malmaison, France.

  1. SMA Solar Technology AG

SMA Solar Technology AG manufactures solar inverters, alternating current converters for solar-generated electricity. The Company specializes in photovoltaic systems technology. SMA is headquartered in Germany and operates worldwide.

  1. Exide Industries Ltd.

Exide Industries Ltd. manufactures a wide range of lead and electric storage batteries. The Company's batteries for automobiles, railways, aircraft, power stations, telephone exchanges, and other uses. It was founded in 1947 and its headquarter is in Kolkata.

  1. SK Holdings

SK Inc. operates as a holdings company that is engaged in various industries including energy, chemicals, information technology, semiconductors, marketing, and services businesses in South Korea and internationally. It was founded in 1953 and its headquarter is in Jongno-gu, Seoul, South Korea. 

  1. Autobat SACI

Autobat SACI is a company based in Argentina, with its head office in Tortuguitas. The enterprise operates in the Fabricated Metal Product Manufacturing industry. It was established in 1965.

  1. Enerbrax Acumuladores Ltd

Enerbrax - Acumuladores Ltda. is a company based in Brazil, with its head office in Bauru. The company operates in the Other Electrical Equipment and Component Manufacturing industry. Enerbrax - Acumuladores Ltda. was incorporated on 2001.

  1. Eguana Technologies

Eguana Technologies Inc. designs and manufactures intelligent power electronics for distributed smart grid and micro-grid applications. The Company's proprietary inverters integrate with storage devices and renewable energy generators. This creates systems with uncompromised efficiency and reliability at unbeatable lifecycle costs. It was founded in 1996 and its headquarter is in Calgary, Canada.

  1. Imergy Power Systems

Imergy Power Systems develops and manufactures electrical Energy Storage Systems for stationary applications. The Company offers a scalable grid storage solution that provides infrastructure support for low-availability service areas. It was founded in 2004 and its headquarter is in California.  

  1. Ionotec Ltd

Ionotec Ltd is an active company incorporated in 1995 and headquartered is Runcorn, Cheshire. Ionotec Ltd.  Ionotec is a research and development company serving a number of major clients in those areas of materials science that are related particularly to electrochemistry. 

  1. Tata Power

The Company was incorporated in the year 1919 and is headquartered in Mumbai. The Company generates and supplies Electricity. The Tata Hydro-Electric Power System comprises the Tata Hydro-Electric Power Supply Co. Ltd., the Andhra Valley Power Supply Co. Ltd., and the Tata Power Co. Ltd.

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