Global Cumulative Installed Battery Energy Storage Capacity Is Expected to Surge by 8-17 Times Over the Next Decade

Published: Mar 31, 2026 18:20

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Chinese Academy of Sciences, released the Energy Storage Industry Research White Paper 2026, forecasting that global cumulative installed battery energy storage capacity will surge by 8-17 times from 2024 to 2035 (166 GW to 1,414 GW-2,885 GW). The global ESS installations landscape will gradually expand from being dominated by China, the US, and Europe to regions such as India, the Middle East, and Southeast Asia. CNESA expected that, after experiencing explosive growth in the early stage, the industry would enter a phase of moderated growth. From 2026 to 2030, the compound annual growth rate under the conservative and Li Auto scenarios will be about 20.7% and 25.5%, respectively. Although the relative growth rate will slow down, the absolute increment will remain at a high level.

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