Battery Energy Storage System Market Outlook Highlights Robust Growth Reaching $105.96 Billion by 2030 – GlobeNewswire

Market Overview and Sustainable Development Goals (SDGs)

The global Battery Energy Storage System (BESS) market is forecast to experience significant growth, expanding from an estimated USD 50.81 billion in 2025 to USD 105.96 billion by 2030, reflecting a compound annual growth rate (CAGR) of 15.8%. This expansion is intrinsically linked to the global pursuit of the United Nations Sustainable Development Goals (SDGs). BESS technology is a critical enabler for SDG 7 (Affordable and Clean Energy) by facilitating the integration of renewable energy sources and enhancing grid stability. Furthermore, it directly supports SDG 13 (Climate Action) by reducing reliance on fossil fuels and lowering greenhouse gas emissions.

Market Projections and Growth Drivers

Key drivers for the BESS market include the increasing adoption of lithium-ion batteries for renewable energy applications and the accelerated deployment of grid-scale storage systems as part of energy infrastructure modernization. These developments are fundamental to building resilient infrastructure, a core target of SDG 9 (Industry, Innovation, and Infrastructure), by creating more stable and efficient energy networks capable of supporting sustainable industrialization.

Challenges and Mitigation Strategies

The industry faces several challenges that require ongoing innovation. These include logistical complexities in installing systems in remote locations, safety concerns related to battery overheating, and performance degradation due to the aging of lithium-ion batteries. Addressing these issues through research and development is crucial for maximizing the contribution of BESS to global sustainability targets.

Market Segmentation Analysis and SDG Alignment

Analysis by Connection Type

The off-grid connection segment is projected to hold a larger market share. Off-grid systems provide a reliable and independent power supply, which is essential for enhancing energy security in remote and underserved regions. This directly advances SDG 7 by ensuring access to affordable and reliable energy for all. By primarily utilizing renewable sources like solar and wind, these systems also contribute significantly to SDG 11 (Sustainable Cities and Communities) and SDG 13 by promoting energy resilience and reducing carbon footprints.

Analysis by Battery Technology

The flow battery segment is anticipated to exhibit the highest CAGR during the forecast period. Flow batteries, which store energy in external liquid electrolyte tanks, offer distinct advantages in scalability and longevity. The unique design allows for independent scaling of power and energy capacity, making them suitable for large-scale grid applications. This technological innovation supports SDG 9 by advancing the infrastructure required for a stable, high-penetration renewable energy grid.

Regional Market Dynamics and SDG Contributions

Asia Pacific Market Leadership

The Asia Pacific region is expected to be the fastest-growing market for BESS. This growth is driven by rapid industrialization, urbanization, and rising electricity demand. Governments in the region are implementing policies to ensure a resilient and uninterrupted power supply, including electrification initiatives for remote islands and rural areas. These efforts align with SDG 7 and SDG 11 by expanding energy access and supporting the development of sustainable and resilient infrastructure to accommodate economic expansion.

Key Industry Players and Corporate Responsibility

The BESS market is led by several key international corporations committed to advancing energy storage technology.

• LG Energy Solution (South Korea)
• Samsung SDI (South Korea)
• BYD Company Ltd. (China)
• Panasonic Holdings Corporation (Japan)
• Tesla (US)

Company Profiles

1. LG Energy Solution: A global leader in lithium-ion battery manufacturing, LG Energy Solution operates across automotive, mobility, and energy storage system sectors. Its extensive global production network and partnerships with major automakers underscore its role in advancing the energy transition and supporting the infrastructure for electric mobility, a key component of sustainable transportation under SDG 11.
2. Samsung SDI: A major competitor with a strong focus on energy solutions and electronic materials. The company provides a diverse portfolio of batteries, from small-scale consumer electronics to large-scale energy storage systems. With a significant investment in research and development, Samsung SDI contributes to the technological innovation required to meet global energy and climate goals under SDG 9 and SDG 13.

Recent Developments and Future Outlook

Recent industry developments highlight the rapid pace of innovation and deployment in the BESS market, further strengthening its role in achieving the SDGs.

• May 2025: Contemporary Amperex Technology Co., Limited (CATL) launched the TENER Stack, a 9 MWh energy storage system. This innovation in high-density storage supports SDG 9 by providing advanced solutions for utilities and industrial applications, including AI data centers.
• April 2025: Honeywell commissioned a 1.4 MWh microgrid BESS in India’s Lakshadweep Islands. This project is a direct implementation of SDG 7, using on-grid solar-plus-storage to decarbonize a remote island community.
• September 2024: GE Vernova was selected as the integration provider for the 500MW/1,500MWh Supernode BESS project in Australia. This large-scale project will enable greater integration of wind and solar power, contributing to SDG 7 and SDG 13.
• June 2024: NGK Insulators secured a contract to supply containerized NAS batteries for a grid-storage project in Hungary. The project aims to enhance grid stability, a critical component of the resilient infrastructure targeted by SDG 9.

1. Which SDGs are addressed or connected to the issues highlighted in the article?

The article on the Battery Energy Storage System (BESS) market connects to several Sustainable Development Goals (SDGs) by highlighting technologies and market trends that are crucial for sustainable development. The primary SDGs addressed are:

• SDG 7: Affordable and Clean Energy: The core topic of the article is energy storage, which is fundamental to ensuring access to reliable, sustainable, and modern energy.
• SDG 9: Industry, Innovation, and Infrastructure: The article discusses the growth of a major industry (BESS), technological innovations within it, and its role in modernizing and building resilient energy infrastructure.
• SDG 11: Sustainable Cities and Communities: The text links the growth in BESS to the needs of urbanizing areas, emphasizing the importance of a resilient and uninterrupted electricity supply for residential and commercial users.
• SDG 13: Climate Action: The article explicitly mentions that BESS solutions, particularly when paired with renewables, contribute to reducing greenhouse gas emissions and reliance on fossil fuels.

2. What specific targets under those SDGs can be identified based on the article’s content?

Based on the article’s discussion of BESS technology, market growth, and applications, the following specific SDG targets can be identified:

SDG 7: Affordable and Clean Energy

• Target 7.1: Ensure universal access to affordable, reliable and modern energy services.
  
  The article supports this target by highlighting the role of off-grid BESS in providing a “reliable power supply for homes, businesses, and critical infrastructure in remote areas.” It also mentions “electrification initiatives on remote islands and rural areas” and ensuring energy security in “underserved regions,” directly addressing the goal of universal access. The commissioning of a microgrid BESS for the Lakshadweep Islands project is a concrete example.
• Target 7.2: Increase substantially the share of renewable energy in the global energy mix.
  
  This target is addressed through the discussion of BESS enabling “large-scale wind and solar energy storage.” The article states that a key growth driver is the “expanding adoption of lithium-ion batteries in renewable energy applications.” By storing surplus energy from intermittent sources, BESS makes renewable energy a more reliable and substantial part of the grid.
• Target 7.b: Expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries.
  
  The article points to the Asia Pacific region as the “fastest-growing region” due to “rapid industrialization, urbanization, and economic expansion.” It notes that developing economies are “introducing supportive policies and regulatory frameworks” to deploy advanced energy storage solutions, which aligns with upgrading technology and expanding infrastructure in these nations.

SDG 9: Industry, Innovation, and Infrastructure

• Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure.
  
  The article discusses the “accelerated deployment of grid-scale storage within modernization projects” and the goal of ensuring an “uninterrupted and resilient electricity supply.” Projects like the Supernode BESS in Australia, which supports “one of Australia’s biggest grid-connected BESS installations,” are examples of developing resilient and sustainable infrastructure.
• Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable…and greater adoption of clean and environmentally sound technologies.
  
  The entire BESS market is presented as a clean and environmentally sound technology. The article highlights that off-grid solutions “relying primarily on renewable energy sources…significantly reduce greenhouse gas emissions and reliance on fossil fuels.” The development of advanced technologies like flow batteries and the TENER Stack also represents the upgrading of technology for sustainability.

SDG 11: Sustainable Cities and Communities

• Target 11.b: …increase the number of cities and human settlements adopting and implementing integrated policies and plans towards…resilience…
  
  The article connects the need for BESS to “urbanization,” which has “led to a substantial increase in power consumption.” By providing a “resilient electricity supply for residential, commercial, and industrial users,” BESS technology is a key component in building resilient urban energy systems, which is central to this target.

SDG 13: Climate Action

• Target 13.2: Integrate climate change measures into national policies, strategies and planning.
  
  The deployment of large-scale BESS projects, as mentioned in the article (e.g., in India, Australia, and Hungary), represents the integration of climate change mitigation strategies into national energy planning. The article’s statement that BESS helps “significantly reduce greenhouse gas emissions” directly links the technology to climate action.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

The article, being a market report, provides several quantitative and qualitative indicators that can be used to measure progress:

Indicators for SDG 7

• Market Size and Growth Rate: The projected growth of the global BESS market from “USD 50.81 billion in 2025” to “USD 105.96 billion by 2030, at a CAGR of 15.8%” serves as a direct indicator of the investment and expansion of infrastructure for clean energy (Target 7.b).
• Installed Capacity of BESS Projects: The article mentions specific project capacities, such as the “9 MWh ultra-large capacity energy storage system,” a “1.4MWh microgrid BESS,” and a “500MW/1,500MWh” project. These figures are direct indicators of the increased capacity to store and integrate renewable energy (Target 7.2).
• Number of Electrification Projects in Remote Areas: The mention of “electrification initiatives on remote islands and rural areas” and the specific “Lakshadweep Islands project” implies that the number of such projects can be tracked as an indicator of progress toward universal energy access (Target 7.1).

Indicators for SDG 9

• Investment in Research and Development (R&D): The article notes that “Samsung SDI operates globally with facilities…investing 8 percent of its revenue into research and development in 2024.” This percentage is a clear indicator of investment in innovation for sustainable industrialization (related to Target 9.4).
• Adoption of Advanced Technologies: The projected high “CAGR” for the “flow battery segment” indicates the rate of adoption of new and innovative energy storage technologies. The launch of new products like the “TENER Stack” also serves as an indicator of technological advancement.

Indicators for SDG 13

• Reduction in Greenhouse Gas Emissions: The article explicitly states that off-grid solutions “significantly reduce greenhouse gas emissions.” While no specific numbers are given, the amount of CO2 emissions avoided by each BESS project is a key, implied indicator for measuring climate action (Target 13.2).

4. Create a table with three columns titled ‘SDGs, Targets and Indicators” to present the findings from analyzing the article.

Source: globenewswire.com