Long Duration Energy Storage Market
Long Duration Energy Storage Market Forecasts to 2032 - Global Analysis By Type (Pumped Hydro Storage (PHS), Compressed Air Energy Storage (CAES), Flow Batteries, Flywheel Energy Storage, Thermal Energy Storage (TES) and Other Types), Storage Duration, Application, End User and By Geography
According to Stratistics MRC, the Global Long Duration Energy Storage Market is accounted for $5.5 billion in 2025 and is expected to reach $14.2 billion by 2032 growing at a CAGR of 14.6% during the forecast period. Long Duration Energy Storage (LDES) describes energy storage systems designed to store and discharge electricity over extended periods, ranging from several hours to days or even weeks. These systems help balance intermittent renewable energy sources like solar and wind by providing a reliable backup during periods of low generation. LDES technologies, such as advanced batteries, pumped hydro, or thermal storage, can support grid stability and ensure a steady power supply. They are critical for enhancing energy resilience, reducing reliance on fossil fuels, and enabling a sustainable, low-carbon energy future.
According to the Solar Energy Industries Association (SEIA), the U.S. installed 32.4 GW of solar energy in 2023, a 51% increase from 2022.
Market Dynamics:
Driver:
Integration of Renewable Energy
The integration of renewable energy into the market plays a crucial role in stabilizing power grids and enhancing energy reliability. By storing excess energy generated from renewable sources like solar and wind, LDES systems provide a sustainable solution for intermittent generation. This integration helps balance supply and demand, ensuring consistent power availability during periods of low renewable output. As the demand for clean energy increases, LDES technologies enable a seamless transition to a low-carbon, renewable-powered future.
Restraint:
Competition from other energy storage solutions
Competition from other energy storage solutions, such as lithium-ion batteries or pumped hydro storage, can hinder the growth of the market. These alternative technologies, often with lower upfront costs and faster deployment, may overshadow LDES solutions despite their longer storage capabilities. As a result, LDES might face challenges in securing investment and market share, limiting its potential to address energy storage needs for extended periods and delaying the transition to more sustainable, reliable energy systems.
Opportunity:
Energy Independence and security
Energy independence and security in the market are vital for creating a stable and sustainable energy future. LDES technologies store renewable energy for extended periods, ensuring a consistent power supply even when generation is low. This reduces dependence on fossil fuels and enhances grid reliability. As demand for cleaner energy grows, LDES plays a critical role in securing energy supply, mitigating disruptions, and supporting the transition to a more resilient and self-sufficient energy system.
Threat:
Regulatory and policy uncertainty
Regulatory and policy uncertainty can significantly impede the growth of the market. Inconsistent or unclear regulations can create investment risks, discouraging companies from committing resources to LDES projects. Without clear policy support, such as incentives or subsidies, LDES technologies may struggle to compete with established solutions. This uncertainty can also slow down innovation and delay the widespread adoption of LDES, ultimately hindering the transition to a more resilient, sustainable energy infrastructure.
Covid-19 Impact
The COVID-19 pandemic had a disruptive impact on the market. Supply chain interruptions, labor shortages, and delays in manufacturing and installation slowed the development of LDES technologies. Additionally, reduced investment in renewable energy projects and shifting priorities during the pandemic hindered market growth. However, the pandemic also highlighted the need for resilient energy systems, sparking renewed interest in LDES solutions as a key element in ensuring long-term energy security and sustainability post-pandemic.
The flywheel energy storage segment is expected to be the largest during the forecast period
The flywheel energy storage segment is expected to account for the largest market share during the forecast period. By storing energy in the form of rotational kinetic energy, flywheels offer rapid response times and long cycle lives. They are well-suited for balancing intermittent renewable energy sources and providing grid stability over extended periods. With minimal maintenance and high efficiency, flywheel systems can contribute to energy security, reduce dependence on fossil fuels, and support the transition to a sustainable, resilient energy grid.
The residential segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the residential segment is predicted to witness the highest growth rate. LDES technologies, such as advanced batteries and flywheels, enable homeowners to store excess renewable energy for use during periods of low generation or power outages. These solutions offer extended storage durations, improving grid resilience and reducing reliance on fossil fuels. As demand for sustainable energy solutions grows, residential LDES will play a crucial role in creating self-sufficient, energy-efficient homes.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by increasing demand for renewable energy. Countries like China, Japan, and India are investing heavily in LDES technologies to support their clean energy transitions. With abundant renewable resources and the need for reliable energy storage, LDES solutions such as advanced batteries and pumped hydro are key to overcoming intermittent power generation, improving grid resilience, and achieving sustainability goals in the region.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. The reduction in costs associated with energy storage technologies, including batteries, flow batteries, and thermal storage systems, has made LDES more financially viable. Additionally, Governments at both federal and state levels in North America are increasingly supporting energy storage through subsidies, grants, and tax incentives. For instance, the U.S. Inflation Reduction Act includes provisions for supporting energy storage technologies, which benefits LDES development.
Key players in the market
Some of the key players profiled in the Long Duration Energy Storage Market include Alsym Energy Inc., Ambri Incorporated., CMBlu Energy AG., Energy Vault, Inc., Eos Energy Enterprises, ESS Tech, Inc., Form Energy, GKN Hydrogen, Highview Power, Invinity Energy Systems, QuantumScape Battery, Inc., RheEnergise Limited., SFW., Sumitomo Electric Industries, Ltd., VFlowTech Pte Ltd. and VoltStorage.
Key Developments:
In February 2025, Sumitomo Electric Industries Ltd (TYO:5802) has launched a project to install a 4-MW/12.5-MWh redox flow battery system in Ama Town, in Japan’s Oki Islands.The project is a joint effort between Chugoku Electric Power Transmission & Distribution Co Inc, Ama Town, and como-gomo.company, supported by a subsidy from Japan’s ministry of the environment.
In January 2024, Sumitomo Electric Industries, Ltd. announced that its redox flow battery (hereinafter “RF battery”) has been selected as a grid-scale battery for a power system stabilization project by SHIN-IDEMITSU Co., Ltd. (Headquarters: Hakata-ku, Fukuoka; President and Group CEO: Yasunori Idemitsu; hereinafter “IDEX”). Construction for this project has now commenced in Kumamoto.
Types Covered:
• Pumped Hydro Storage (PHS)
• Compressed Air Energy Storage (CAES)
• Flow Batteries
• Flywheel Energy Storage
• Thermal Energy Storage (TES)
• Other Types
Storage Duration Covered:
• Short Duration (up to 4 hours)
• Medium Duration (4-12 hours)
• Long Duration (12+ hours)
Applications Covered:
• Grid Energy Storage
• Renewable Energy Integration
• Peak Shaving
• Frequency Regulation
• Backup Power Supply
• Off-Grid Power Systems
• Other Applications
End Users Covered:
• Utilities
• Commercial & Industrial (C&I)
• Residential
• Transportation
• Telecommunications and Data Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Long Duration Energy Storage Market, By Type
5.1 Introduction
5.2 Pumped Hydro Storage (PHS)
5.3 Compressed Air Energy Storage (CAES)
5.4 Flow Batteries
5.5 Flywheel Energy Storage
5.6 Thermal Energy Storage (TES)
5.7 Other Types
6 Global Long Duration Energy Storage Market, By Storage Duration
6.1 Introduction
6.2 Short Duration (up to 4 hours)
6.3 Medium Duration (4-12 hours)
6.4 Long Duration (12+ hours)
7 Global Long Duration Energy Storage Market, By Application
7.1 Introduction
7.2 Grid Energy Storage
7.3 Renewable Energy Integration
7.4 Peak Shaving
7.5 Frequency Regulation
7.6 Backup Power Supply
7.7 Off-Grid Power Systems
7.8 Other Applications
8 Global Long Duration Energy Storage Market, By End User
8.1 Introduction
8.2 Utilities
8.3 Commercial & Industrial (C&I)
8.4 Residential
8.5 Transportation
8.6 Telecommunications and Data Centers
8.7 Other End Users
9 Global Long Duration Energy Storage Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Alsym Energy Inc.
11.2 Ambri Incorporated.
11.3 CMBlu Energy AG.
11.4 Energy Vault, Inc.
11.5 Eos Energy Enterprises
11.6 ESS Tech, Inc.
11.7 Form Energy
11.8 GKN Hydrogen
11.9 Highview Power
11.10 Invinity Energy Systems
11.11 QuantumScape Battery, Inc.
11.12 RheEnergise Limited.
11.13 SFW.
11.14 Sumitomo Electric Industries, Ltd.
11.15 VFlowTech Pte Ltd.
11.16 VoltStorage
List of Tables
1 Global Long Duration Energy Storage Market Outlook, By Region (2024-2032) ($MN)
2 Global Long Duration Energy Storage Market Outlook, By Type (2024-2032) ($MN)
3 Global Long Duration Energy Storage Market Outlook, By Pumped Hydro Storage (PHS) (2024-2032) ($MN)
4 Global Long Duration Energy Storage Market Outlook, By Compressed Air Energy Storage (CAES) (2024-2032) ($MN)
5 Global Long Duration Energy Storage Market Outlook, By Flow Batteries (2024-2032) ($MN)
6 Global Long Duration Energy Storage Market Outlook, By Flywheel Energy Storage (2024-2032) ($MN)
7 Global Long Duration Energy Storage Market Outlook, By Thermal Energy Storage (TES) (2024-2032) ($MN)
8 Global Long Duration Energy Storage Market Outlook, By Other Types (2024-2032) ($MN)
9 Global Long Duration Energy Storage Market Outlook, By Storage Duration (2024-2032) ($MN)
10 Global Long Duration Energy Storage Market Outlook, By Short Duration (up to 4 hours) (2024-2032) ($MN)
9 Global Long Duration Energy Storage Market Outlook, By Medium Duration (4-12 hours) (2024-2032) ($MN)
12 Global Long Duration Energy Storage Market Outlook, By Long Duration (12+ hours) (2024-2032) ($MN)
13 Global Long Duration Energy Storage Market Outlook, By Application (2024-2032) ($MN)
14 Global Long Duration Energy Storage Market Outlook, By Grid Energy Storage (2024-2032) ($MN)
15 Global Long Duration Energy Storage Market Outlook, By Renewable Energy Integration (2024-2032) ($MN)
16 Global Long Duration Energy Storage Market Outlook, By Peak Shaving (2024-2032) ($MN)
17 Global Long Duration Energy Storage Market Outlook, By Frequency Regulation (2024-2032) ($MN)
18 Global Long Duration Energy Storage Market Outlook, By Backup Power Supply (2024-2032) ($MN)
19 Global Long Duration Energy Storage Market Outlook, By Off-Grid Power Systems (2024-2032) ($MN)
20 Global Long Duration Energy Storage Market Outlook, By Other Applications (2024-2032) ($MN)
21 Global Long Duration Energy Storage Market Outlook, By End User (2024-2032) ($MN)
22 Global Long Duration Energy Storage Market Outlook, By Utilities (2024-2032) ($MN)
23 Global Long Duration Energy Storage Market Outlook, By Commercial & Industrial (C&I) (2024-2032) ($MN)
24 Global Long Duration Energy Storage Market Outlook, By Residential (2024-2032) ($MN)
25 Global Long Duration Energy Storage Market Outlook, By Transportation (2024-2032) ($MN)
26 Global Long Duration Energy Storage Market Outlook, By Telecommunications and Data Centers (2024-2032) ($MN)
27 Global Long Duration Energy Storage Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
