Energy Storage as a Service Market Size, Share, and Trends 2024 to 2034

The global energy storage as a service market size is calculated at USD 2.05 billion in 2025 and is forecasted to reach around USD 5.17 billion by 2034, accelerating at a CAGR of 10.82% from 2025 to 2034. The North America market size surpassed USD 760 million in 2024 and is expanding at a CAGR of 10.96% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1643
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Energy Storage as a Service Market 

5.1. COVID-19 Landscape: Energy Storage as a Service Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Energy Storage as a Service Market, By Services

8.1. Energy Storage as a Service Market, by Services Type

8.1.1. Bulk energy services

8.1.1.1. Market Revenue and Forecast

8.1.2. Ancillary services

8.1.2.1. Market Revenue and Forecast

8.1.3. Transmission infrastructure services

8.1.3.1. Market Revenue and Forecast

8.1.4. Distribution infrastructure services

8.1.4.1. Market Revenue and Forecast

8.1.5. Customer energy management services

8.1.5.1. Market Revenue and Forecast

8.1.6. Others

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Energy Storage as a Service Market, By End User

9.1. Energy Storage as a Service Market, by End User

9.1.1. Utility

9.1.1.1. Market Revenue and Forecast

9.1.2. Industrial, residential and commercial

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Energy Storage as a Service Market, By Component 

10.1. Energy Storage as a Service Market, by Component

10.1.1. Energy Storage System

10.1.1.1. Market Revenue and Forecast

10.1.2. Control and Monitoring System

10.1.2.1. Market Revenue and Forecast

10.1.3. Service Contract

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Energy Storage as a Service Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Services

11.1.2. Market Revenue and Forecast, by End User

11.1.3. Market Revenue and Forecast, by Component

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Services

11.1.4.2. Market Revenue and Forecast, by End User

11.1.4.3. Market Revenue and Forecast, by Component

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Services

11.1.5.2. Market Revenue and Forecast, by End User

11.1.5.3. Market Revenue and Forecast, by Component

11.2. Europe

11.2.1. Market Revenue and Forecast, by Services

11.2.2. Market Revenue and Forecast, by End User

11.2.3. Market Revenue and Forecast, by Component

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Services

11.2.4.2. Market Revenue and Forecast, by End User

11.2.4.3. Market Revenue and Forecast, by Component

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Services

11.2.5.2. Market Revenue and Forecast, by End User

11.2.5.3. Market Revenue and Forecast, by Component

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Services

11.2.6.2. Market Revenue and Forecast, by End User

11.2.6.3. Market Revenue and Forecast, by Component

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Services

11.2.7.2. Market Revenue and Forecast, by End User

11.2.7.3. Market Revenue and Forecast, by Component

11.3. APAC

11.3.1. Market Revenue and Forecast, by Services

11.3.2. Market Revenue and Forecast, by End User

11.3.3. Market Revenue and Forecast, by Component

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Services

11.3.4.2. Market Revenue and Forecast, by End User

11.3.4.3. Market Revenue and Forecast, by Component

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Services

11.3.5.2. Market Revenue and Forecast, by End User

11.3.5.3. Market Revenue and Forecast, by Component

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Services

11.3.6.2. Market Revenue and Forecast, by End User

11.3.6.3. Market Revenue and Forecast, by Component

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Services

11.3.7.2. Market Revenue and Forecast, by End User

11.3.7.3. Market Revenue and Forecast, by Component

11.4. MEA

11.4.1. Market Revenue and Forecast, by Services

11.4.2. Market Revenue and Forecast, by End User

11.4.3. Market Revenue and Forecast, by Component

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Services

11.4.4.2. Market Revenue and Forecast, by End User

11.4.4.3. Market Revenue and Forecast, by Component

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Services

11.4.5.2. Market Revenue and Forecast, by End User

11.4.5.3. Market Revenue and Forecast, by Component

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Services

11.4.6.2. Market Revenue and Forecast, by End User

11.4.6.3. Market Revenue and Forecast, by Component

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Services

11.4.7.2. Market Revenue and Forecast, by End User

11.4.7.3. Market Revenue and Forecast, by Component

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Services

11.5.2. Market Revenue and Forecast, by End User

11.5.3. Market Revenue and Forecast, by Component

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Services

11.5.4.2. Market Revenue and Forecast, by End User

11.5.4.3. Market Revenue and Forecast, by Component

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Services

11.5.5.2. Market Revenue and Forecast, by End User

11.5.5.3. Market Revenue and Forecast, by Component

Chapter 12. Company Profiles

12.1. Siemens Energy

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Honeywell International Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. ENGIE Storage Services NA LLC

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Veolia

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. NRStor Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. YSG Solar

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Suntuity

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Hydrostor Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Customized Energy Solutions Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Johnson Controls

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global energy storage as a service market size was valued at USD 1.85 billion in 2024 and it is expected to hit over USD 5.17 billion by 2034 with a registered CAGR of 8.40% from 2025 to 2034.

The global energy storage as a service market is expected to reach at a CAGR of 10.82% from 2025 to 2034.

The major players operating in the energy storage as a service market are Siemens Energy, Honeywell International Inc., ENGIE Storage Services NA LLC, Veolia, NRStor Inc., YSG Solar, Suntuity, Hydrostor Inc., Customized Energy Solutions Inc., and Johnson Controls.

The rising energy consumption and need for power management in the industrial and residential sectors are driving the global energy storage as a service market. Furthermore, people all around the world are attracted to energy storage services because of their ease and cost effectiveness.

North America is the largest segment for energy storage as a service market in terms of region.

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