According to Cognitive Market Research, the global stationary battery storage market size will be USD 101542.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.6% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 40617 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30462.8 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23354.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5077.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2030.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.3% from 2024 to 2031.
The lead acid battery type category held the highest stationary battery storage market revenue share in 2024.
