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Energy Storage as a Service Market Size, Share & Trends Analysis Report by Service (Bulk Energy Services, Transmission Infrastructure Services), End Use (Utility, Industrial, Residential & Commercial), and Region with Growth Forecasts, 2025-2030- Product Image
Energy Storage as a Service Market Size, Share & Trends Analysis Report by Service (Bulk Energy Services, Transmission Infrastructure Services), End Use (Utility, Industrial, Residential & Commercial), and Region with Growth Forecasts, 2025-2030- Product Image
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Energy Storage as a Service Market Size, Share & Trends Analysis Report by Service (Bulk Energy Services, Transmission Infrastructure Services), End Use (Utility, Industrial, Residential & Commercial), and Region with Growth Forecasts, 2025-2030

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  • 100 Pages
  • February 2025
  • Region: Global
  • Grand View Research
  • ID: 5505315
Description Jump to:
The Energy Storage as a Service Market was valued at USD 1.79 billion in 2024, and is projected to reach USD 3.35 billion by 2030, rising at a CAGR of 11.00%. It is expected to expand at a CAGR of 11.0% from 2025 to 2030. The global market is predominantly driven by the rising energy consumption and increasing demand for power management in the industrial and residential sectors. Moreover, the convenience and cost-effectiveness offered by the energy storage services are attracting consumers across the globe.

Growing industrialization in emerging countries such as India, Brazil, and China is creating significant energy demand, which, in turn, is expected to drive the market. ESaaS model offers various services, including ancillary services and energy management services, which help in the regular supply of electricity, prevent blackouts, and reduce electricity bills.

In 2020, the market witnessed a decline in growth owing to the outbreak of the Coronavirus pandemic. Lockdown across nations and travel restrictions affected the market. Various industries and commercial complexes were closed, which resulted in a decline in service demand in 2020.

Energy Storage As A Service Market Report Highlights

  • By service, the customer energy management services segment held the largest revenue share of over 31.8% in 2024. ESaaS model is gaining high popularity in the industrial, commercial, and residential sectors compared to utility and energy supplying companies. It is being used in microgrid systems
  • The ancillary services segment is anticipated to grow at the fastest rate during the forecast period. Ancillary services are expected to decrease the dependency on fossil fuel generators and switch to renewable and battery energy storage for services including voltage support, black start, and frequency regulation
  • The utility end-user segment is expected to register the highest growth rate during the forecast period. Decreasing dependency on conventional fossil fuel generators and increasing focus on sustainability are among the major factors fueling the segment growth
  • Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the presence of various untapped markets, coupled with the rising energy consumption. China is the largest market for energy storage as a service in Asia Pacific. This is due to the increasing industrialization in the region, high consumption of energy, and growing awareness of renewable energy

This report addresses:

  • Market intelligence to enable effective decision-making.
  • Market estimates and forecasts from 2018 to 2030.
  • Growth opportunities and trend analyses.
  • Segment and regional revenue forecasts for market assessment.
  • Competition strategy and market share analysis.
  • Product innovation listings for you to stay ahead of the curve.
  • COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Energy Storage As A Service Market Variables, Trends & Scope
3.1. Global Energy Storage As A Service Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.4.1. Policies and Incentive Plans
3.4.2. Standards and Compliances
3.4.3. Regulatory Impact Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Substitution Threat
3.6.4. Threat from New Entrant
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Social Landscape
3.7.4. Technological Landscape
3.7.5. Environmental Landscape
3.7.6. Legal Landscape
Chapter 4. Energy Storage As A Service Market: Service Outlook Estimates & Forecasts
4.1. Energy Storage As A Service Market: Service Movement Analysis, 2024 & 2030
4.1.1. Bulk Energy Services
4.1.1.1. Market estimates and forecast, 2017-2030 (USD Million)
4.1.2. Ancillary Services
4.1.2.1. Market estimates and forecast, 2017-2030 (USD Million)
4.1.3. Transmission Infrastructure Services
4.1.3.1. Market estimates and forecast, 2017-2030 (USD Million)
4.1.4. Distribution Infrastructure Services
4.1.4.1. Market estimates and forecast, 2017-2030 (USD Million)
4.1.5. Customer Energy Management Services
4.1.5.1. Market estimates and forecast, 2017-2030 (USD Million)
4.1.6. Others
4.1.6.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 5. Energy Storage As A Service Market: End Use Outlook Estimates & Forecasts
5.1. Energy Storage As A Service Market: End Use Movement Analysis, 2024 & 2030
5.1.1. Utility
5.1.1.1. Market estimates and forecast, 2017-2030 (USD Million)
5.1.2. Industrial, Commercial & Residential
5.1.2.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 6. Energy Storage As A Service Market: Regional Outlook Estimates & Forecasts
6.1. Regional Snapshot
6.2. Energy Storage As A Service Market: Regional Movement Analysis, 2024 & 2030
6.3. North America
6.3.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.3.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.3.4. U.S.
6.3.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.3.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.3.5. Canada
6.3.5.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3.5.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.3.5.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.3.6. Mexico
6.3.6.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3.6.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.3.6.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.4. Europe
6.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.4.4. UK
6.4.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.4.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.4.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.4.5. Germany
6.4.5.1. Market estimates and forecast, 2017-2030 (USD Million)
6.4.5.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.4.5.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.4.6. Italy
6.4.6.1. Market estimates and forecast, 2017-2030 (USD Million)
6.4.6.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.4.6.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.5. Asia Pacific
6.5.1. Market estimates and forecast, 2017-2030 (USD Million)
6.5.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.5.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.5.4. China
6.5.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.5.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.5.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.5.5. India
6.5.5.1. Market estimates and forecast, 2017-2030 (USD Million)
6.5.5.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.5.5.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.5.6. Japan
6.5.6.1. Market estimates and forecast, 2017-2030 (USD Million)
6.5.6.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.5.6.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.5.7. Australia
6.5.7.1. Market estimates and forecast, 2017-2030 (USD Million)
6.5.7.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.5.7.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.6. Latin America
6.6.1. Market estimates and forecast, 2017-2030 (USD Million)
6.6.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.6.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.6.4. Brazil
6.6.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.6.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.6.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.7. Middle East & Africa
6.7.1. Market estimates and forecast, 2017-2030 (USD Million)
6.7.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.7.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
6.7.4. Saudi Arabia
6.7.4.1. Market estimates and forecast, 2017-2030 (USD Million)
6.7.4.2. Market estimates and forecast, by service, 2017-2030 (USD Million)
6.7.4.3. Market estimates and forecast, by end use, 2017-2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Vendor Landscape
7.2.1. Company Categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Uses
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. Siemens Energy
7.4.1.1. Participant’s overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Veolia
7.4.2.1. Participant’s overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Honeywell International Inc.
7.4.3.1. Participant’s overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Strategic initiatives
7.4.4. NRStor Inc.
7.4.4.1. Participant’s overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Strategic initiatives
7.4.5. ENGIE Storage Services NA LLC
7.4.5.1. Participant’s overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Customized Energy Solutions Ltd.
7.4.6.1. Participant’s overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Strategic initiatives
7.4.7. YSG
7.4.7.1. Participant’s overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Strategic initiatives
7.4.8. SREIL Energy
7.4.8.1. Participant’s overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Strategic initiatives
7.4.9. Hydrostor
7.4.9.1. Participant’s overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Strategic initiatives
List of Tables
Table 1. List of abbreviations
Table 2. Energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 3. Bulk energy services in energy storage as a service market estimates and forecasts, 2017-2030 (USD Million)
Table 4. Ancillary services in energy storage as a service market estimates and forecasts, 2017-2030 (USD Million)
Table 5. Transmission infrastructure services in energy storage as a service market estimates and forecasts, 2017-2030 (USD Million)
Table 6. Distribution infrastructure services in energy storage as a service market estimates and forecasts, 2017-2030 (USD Million)
Table 7. Customer energy management services in energy storage as a service market estimates and forecasts, 2017-2030 (USD Million)
Table 8. Other services in energy storage as a services market estimates and forecasts, 2017-2030 (USD Million)
Table 9. Energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 10. Energy storage as a services market estimates and forecasts in utility, 2017-2030 (USD Million)
Table 11. Energy storage as a services market estimates and forecasts in industrial, commercial & residential, 2017-2030 (USD Million)
Table 12. Energy storage as a service market estimates and forecasts, by region, 2017-2030 (USD Million)
Table 13. North America energy storage as a service market estimates and forecasts, by country, 2017-2030 (USD Million)
Table 14. North America energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 15. North America energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 16. U.S. energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 17. U.S. energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 18. Canada energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 19. Canada energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 20. Mexico energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 21. Mexico energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 22. Europe energy storage as a service market estimates and forecasts, by country, 2017-2030 (USD Million)
Table 23. Europe energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 24. Europe energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 25. UK energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 26. UK energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 27. Germany energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 28. Germany energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 29. Italy energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 30. Italy energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 31. Asia Pacific energy storage as a service market estimates and forecasts, by country, 2017-2030 (USD Million)
Table 32. Asia Pacific energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 33. Asia Pacific energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 34. China energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 35. China energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 36. India energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 37. India energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 38. Japan energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 39. Japan energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 40. Australia energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 41. Australia energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 42. Latin America energy storage as a service market estimates and forecasts, by country, 2017-2030 (USD Million)
Table 43. Latin America energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 44. Latin America energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 45. Brazil energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 46. Brazil energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 47. Middle East & Africa energy storage as a service market estimates and forecasts, by country, 2017-2030 (USD Million)
Table 48. Middle East & Africa energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 49. Middle East & Africa energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
Table 50. Saudi Arabia energy storage as a service market estimates and forecasts, by service, 2017-2030 (USD Million)
Table 51. Saudi Arabia energy storage as a service market estimates and forecasts, by end use, 2017-2030 (USD Million)
List of Figures
Figure 1 Market segmentation
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Market snapshot
Figure 6 Segmental outlook - Energy storage as a service, by service and end use
Figure 7 Competitive outlook
Figure 8 Value chain analysis
Figure 9 Market dynamics
Figure 10 Porter’s analysis
Figure 11 PESTEL analysis
Figure 12 Energy storage as a service market, by service: Key takeaways
Figure 13 Energy storage as a service market, by service: Market share, 2024 & 2030
Figure 14 Energy storage as a service market, by end use: Key takeaways
Figure 15 Energy storage as a service market, by end use: Market share, 2024 & 2030
Figure 16 Energy storage as a service market, by region: Key takeaways
Figure 17 Energy storage as a service market, by region: Market share, 2024 & 2030

Companies Mentioned

The major companies profiled in this Energy Storage as a Service market report include:
  • Siemens Energy
  • Veolia
  • Honeywell International Inc.
  • NRStor Inc.
  • ENGIE Storage Services NA LLC
  • Customized Energy Solutions Ltd.
  • YSG
  • SREIL Energy
  • Hydrostor

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedFebruary 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 1.79 Billion
Forecasted Market Value ( USD ) by 2030 $ 3.35 Billion
Compound Annual Growth Rate11.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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