Renewable Energy Storage Market Set for Strong Growth to USD 2,253.0 Million by 2031, Led by Declining Battery Costs and Policy Support | Key Players - Danone S.A., Nestlé S.A., Glanbia plc

Global Renewable Energy Storage Market reached US$ 949.9 Million in 2023 and is expected to reach US$ 2,253.0 Million by 2031, growing with a CAGR of 11.4% during the forecast period 2024-2031.Rising renewable energy integration, increasing grid modernization initiatives, declining battery costs, and supportive government policies are driving market growth. Growing demand for reliable power supply, energy transition goals, expanding solar and wind installations, and advancements in energy storage technologies further accelerate adoption worldwide.

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

Key Industry Developments
✅ December 2025: U.S. energy storage installations through Q3 2025 surpassed 2024 totals, with Q3 adding 5.3 GW nationwide, driven by utility-scale growth of 4.6 GW amid policy support and supply chain adaptations.

✅ October 2025: Trina Storage launched the Elementa 2 Pro Platform, a fully wrapped cell-to-AC utility-scale storage solution in 10 MWh and 20 MWh configurations for grid-scale demands.​

✅ September 2025: The U.S. energy storage market reported record Q2 2025 deployments of 5.6 GW, led by utility-scale projects totaling 4.9 GW, powering millions of homes and expanding across Texas, California, and Arizona.

✅ November 2025: Osaka Gas and Sonnedix announced construction of Japan's largest BESS co-located with renewables, a 30MW/125MWh system at a Kyushu solar plant to enhance grid integration.​

✅ September 2025: Canadian Solar's e-STORAGE delivered its first grid-connected BESS in Japan, a 2MW/8.25MWh SolBank system, marking entry into the market with site delivery.

✅ August 2025: Hitachi's Matsuyama Battery Energy Storage System, using grid energy storage technology, started operations to support renewable integration and stability.

Key M&A Deals
✅ Carbyne Equity Partners acquired SuanNutra (December 2025) - German private equity firm Carbyne Equity Partners completed the acquisition of SuanNutra, the nutraceutical ingredients business of Suanfarma, marking Carbyne's entry into the nutraceutical sector and strengthening its portfolio of clinically validated ingredient platforms.

✅ ANJAC Health & Beauty acquired PharmaLinea (November 2025) - French CDMO ANJAC Health & Beauty acquired Slovenia‐based supplement provider PharmaLinea to expand its global footprint in the nutraceutical and ditary supplement market, integrating 17 companies and accelerating product innovation.

✅ Barentz acquired Fengli Group (June 2025) - Dutch ingredients distributor Barentz announced the acquisition of China's Fengli Group, enhancing its presence in Asia‐Pacific and expanding in pharmaceutical and nutraceutical excipients and active ingredient offerings.

✅ Sudeep Pharma acquired Nutrition Supplies Services (NSS) (May 2025) - Indian manufacturer Sudeep Pharma Limited completed the acquisition of Ireland‐based Nutrition Supplies Services, strengthening its advanced nutrition and micronutrient premix capabilities for global markets.

Key Players:-
Danone S.A. | Nestlé S.A. | Glanbia plc | Bayer AG | Abbott Nutrition | GNC Holdings | NOW Foods | Kellanova

Key Segments
By Technology:
The renewable energy storage market is segmented by technology into lithium-ion batteries, lead-acid batteries, flow batteries, sodium-sulfur batteries, pumped hydro storage, compressed air energy storage, and others. Lithium-ion batteries dominate due to their high energy density, declining costs, and widespread deployment in grid-scale and residential applications. Pumped hydro remains significant for large-scale, long-duration storage, while emerging technologies such as flow batteries are gaining traction for enhanced safety and scalability.

By Application:
Based on application, the market is categorized into residential, commercial & industrial, and utility-scale. Utility-scale storage accounts for the largest share, driven by grid stabilization, renewable integration, and peak load management. Commercial and industrial sectors are adopting storage systems to reduce energy costs and ensure backup power, while residential adoption is increasing due to rooftop solar installations and energy independence initiatives.

By Energy Source:
The market is segmented by energy source into solar, wind, hydropower, and others. Solar energy leads the segment as battery storage is increasingly paired with photovoltaic systems to manage intermittency and maximize self-consumption. Wind energy storage is also expanding, particularly in regions with high wind penetration, supporting grid balancing and frequency regulation.

By End-User:
By end-user, the market includes utilities, independent power producers (IPPs), and residential users. Utilities represent the dominant segment due to large investments in grid modernization and renewable integration projects. IPPs are increasingly deploying storage to enhance project bankability and revenue optimization, while residential users are contributing to market growth through distributed energy storage adoption.

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

Market Drivers
• Growing Integration of Renewable Energy Sources: Rising incorporation of solar, wind, and hydropower into global power grids is creating a strong need for energy storage systems to balance supply and demand due to the intermittent nature of renewables.

• Enhanced Grid Stability and Reliability: Energy storage solutions help stabilize electricity networks, ensuring consistent power availability even when renewable generation fluctuates, which supports grid modernization and resilience.

• Supportive Government Policies and Incentives: Subsidies, tax credits, mandates for energy storage alongside new renewable projects, and clean energy targets are encouraging investment and deployment of storage technologies worldwide.

• Technological Advancements and Cost Reductions: Improvements in battery technologies (such as lithium-ion and long-duration storage) combined with declining costs of storage systems are making solutions more economically viable across residential, commercial, and utility sectors.

• Increasing Demand for Energy Independence: Businesses, communities, and consumers are adopting storage to reduce dependency on centralized grids, cut energy bills, improve power security, and support decentralized energy models.

Regional Insights
Asia-Pacific: Asia-Pacific holds 40% of the global renewable energy storage market in 2025, driven by large-scale battery deployments and rapid renewable integration.

North America: North America accounts for 25% of the global renewable energy storage market in 2025, supported by federal incentives and grid modernization investments.

Europe: Europe comprises 20% of the global renewable energy storage market in 2025, backed by decarbonization policies and rising utility-scale storage projects.

Middle East & Africa: Middle East & Africa capture 15% of the global renewable energy storage market in 2025, with growing investment in utility and solar-hybrid storage systems.

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

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

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

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

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.

This release was published on openPR.