Gravity Energy Storage Market Forecast Driven by Renewable Integration and Long-Duration Energy Needs | Valuates Reports

Gravity Energy Storage Market Size
The global market for Gravity Energy Storage was valued at US$ 1215 million in the year 2024 and is projected to reach a revised size of US$ 2575 million by 2031, growing at a CAGR of 10.2% during the forecast period.

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The gravity energy storage market is experiencing robust market growth, fueled by the increasing integration of intermittent renewables and the demand for long-duration, chemical-free energy solutions. The market size continues to expand as utilities and off-grid operators seek resilient, sustainable storage systems with minimal environmental impact.

By capacity tier, systems below 100 MWh presently hold the larger market share, favored for their modular nature and suitability across distributed grid, microgrid, and commercial installations. These smaller units offer flexible deployment options and shorter development timelines. Meanwhile, above 100 MWh systems are the fastest-growing segment, reflecting trends toward large-scale utility projects aimed at seasonal storage, grid balancing, and capacity firming-driven by evolving energy transition policies and renewable project pipelines.

In application terms, utilities dominate the market size, with gravity storage systems increasingly adopted for load shifting, peak shaving, and renewable integration at grid level. The "others" category-which includes remote communities, industrial microgrids, and island energy systems-represents a smaller but rapidly expanding share, illustrating growing interest in decentralized energy resilience and off-grid storage alternatives.

Overall, the gravity energy storage market forecast indicates sustained market growth, supported by continued innovation in system design, favorable regulatory frameworks for long-duration storage, and rising demand for scalable gravity-based solutions in both utility-scale and specialized energy environments.

Segment by Type

• Below 100 MWh
• Above 100 MWh

Segment by Application

• Utilities
• Others

By Company

Energy Vault, Gravitricity, Advanced Rail Energy Storage, Gravity Power, China Tianying
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