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Hybrid Energy Storage Market Forecast 2025 | Rising Demand, Growth Prospects & Key Players

09-04-2025 09:28 AM CET | Energy & Environment

Press release from: DataM intelligence 4 Market Research LLP

Hybrid Energy Storage Market

Hybrid Energy Storage Market

Market Size and Growth

Global Hybrid Energy Storage Market reached US$ 16.56 billion in 2024 and is expected to reach US$ 28.22 billion by 2032, growing with a CAGR of 6.89% during the forecast period 2025-2032.

Hybrid Energy Storage Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Hybrid Energy Storage Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/hybrid-energy-storage-market?sb

Hybrid Energy Storage is a system that combines two or more energy storage technologies such as batteries, supercapacitors, or flywheels to optimize performance, efficiency, and reliability. By leveraging the strengths of each technology, hybrid storage systems provide faster response, higher energy density, longer lifecycle, and better grid stability. They are increasingly used in renewable energy integration, electric vehicles, and smart grids to balance power supply and demand while enhancing sustainability.

Key Players:

-> Tesla, Inc., Samsung SDI Co., Ltd., LG Chem Ltd., Panasonic Corporation, General Electric Company, Siemens AG, Hitachi Ltd., NEC Corporation, BYD Company Limited, Fluence Energy, LLC.

Key Development:

United States: Recent Hybrid Energy Storage Developments

✅ In June 2025, Ameren Missouri revealed plans for its Big Hollow Energy Center in Jefferson County, Missouri-an 800 MW natural gas plant co-located with a 400 MW lithium-ion battery storage facility. This hybrid setup is designed to enhance grid resiliency and provide fast-acting power when needed.

✅ In April 2025, Redwood Materials launched "Redwood Energy," repurposing second-life EV batteries into a 12 MW/63 MWh storage system powering an off-grid AI data center-marking the largest second-life battery installation globally.

✅ In 2025, the U.S. energy storage sector committed to a $100 billion investment over the next five years to build and procure domestically manufactured battery systems-a major push for supporting hybrid storage ecosystems.

Japan: Recent Hybrid Energy Storage Developments

✅ In June 2025, Saft (TotalEnergies) was selected to build a 1 GWh battery energy storage system in Fukushima-capable of delivering over 240 MW for four hours. Construction is slated to begin in 2026 to stabilize the grid amid expanding renewables.

✅ In May 2025, NTT Anode Energy commissioned three high-voltage grid-scale BESS projects in Japan, totaling 15.3 MWh storage capacity. These are key to integrating renewables more smoothly into the national grid.

✅ In mid-2025, Tesla announced a nationwide rollout of its Virtual Power Plant (VPP) business in Japan-providing free energy storage batteries to businesses and managing them remotely to help balance supply and demand.

Growth Forecast Projected:

The Global Hybrid Energy Storage Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Hybrid Energy Storage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=hybrid-energy-storage-market

Key Segments:

By Configuration: Grid-Connected, Standalone

By Technology: Solid State Battery, Thermal Energy Storage, Pumped Hydro Storage, Fly-wheel, Supercapacitor, Ultracapacitor, Others

By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Based

By Application: Residential, Commercial, Industrial, Automotive, Utility, Others

Regional Analysis for Hybrid Energy Storage Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Hybrid Energy Storage producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Hybrid Energy Storage revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

Speak to Our Analyst and Get Customization in the report as per your requirements:https://www.datamintelligence.com/customize/hybrid-energy-storage-market?sb

FAQ

What is the current size of the Hybrid Energy Storage Market?

A: In 2024, the Hybrid Energy Storage Market was valued at US$ 16.56 billion, reflecting its strong industry presence.

Q2: How large is the Hybrid Energy Storage Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Hybrid Energy Storage Market will grow to around US$ 28.22 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Hybrid Energy Storage Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.89% during the forecast period from 2025 to 2032.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?sb

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
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✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
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Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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