According to a new report, published by KBV research, The Global Energy Storage As A Service Market size is expected to reach $3.28 billion by 2031, rising at a market growth of 10.4% CAGR during the forecast period.
The Industrial, Residential & Commercial segment is leading the Global Energy Storage As A Service Market by End Use in 2023; thereby, achieving a market value of $2.15 billion by 2031. Businesses and homeowners increasingly invest in battery storage systems to optimize energy costs, ensure backup power, and participate in demand response programs. Government incentives and declining battery prices have also fueled adoption in this segment. The utility sector's push toward grid modernization and renewable energy storage has led to significant investments in ESaaS solutions.
The Bulk Energy Services segment exhibits a CAGR of 10.8% during (2024 - 2031). Bulk energy storage is crucial in balancing supply and demand, optimizing energy generation, and enhancing grid reliability. The increasing integration of renewable energy sources such as solar and wind has driven the demand for large-scale energy storage solutions that support load shifting, peak shaving, and grid stabilization.
Full Report: https://www.kbvresearch.com/energy-storage-as-a-service-market/
The Asia Pacific region dominated the Global Energy Storage As A Service Market by Region in 2023,; thereby, achieving a market value of $1.16 billion by 2031. The North America region is expected to witness a CAGR of 9.7% during (2024 - 2031). Additionally, The Europe region would register a CAGR of 10.2% during (2024 - 2031).
By End Use
By Service
Unique Offerings 
