Germany Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Energy Storage Companies in Germany and is Segmented by Type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), and Other Types) and Application (Residential and Commercial and Industrial). The report offers the market size and forecasts in revenue (USD billion) for the above segments.

Germany Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Germany Energy Storage Market Size

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Germany Energy Storage Market  Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 10.00 %
Market Concentration Low

Major Players

Germany Energy Storage Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Germany Energy Storage Market Analysis

The Germany Energy Storage Systems Market is expected to register a CAGR of greater than 10% during the forecast period.

The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and delays in projects. However, the market rebounded in 2021.

  • Over the medium term, factors such as the increasing share of renewables in the electricity generation mix, a decline in the cost of storage batteries and solar photovoltaic panels, supportive government policies like low-interest rates on loans, and investment grants on battery systems are driving the German energy storage market.
  • On the other hand, the problem of creating adequate and intelligent power grids across the country to harness and store the growing renewable energy remains a challenge, which may hinder the growth of the market.
  • However, Germany is planning to install 30 GW offshore wind energy turbines by 2030, 40 GW by 2035, and 70 GW by 2045, which may require large-scale energy storage systems, thus creating a vast opportunity for companies in the coming years.

Germany Energy Storage Industry Overview

The German energy storage market is partially consolidated. Some of the major companies include (in no particular order) Enel SpA, Renewable Energy Systems Ltd, STEAG GmbH, and Fraunhofer-Gesellschaf, and Redt Energy PLC.

Germany Energy Storage Market Leaders

  1. Enel S.p.A

  2. Renewable Energy Systems Ltd

  3. STEAG GmbH

  4. Fraunhofer-Gesellschaf

  5. Redt Energy PLC

  6. *Disclaimer: Major Players sorted in no particular order
Germany Energy Storage Market Concentration
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Germany Energy Storage Market News

  • November 2022: RWE announced its plans to install 220 MW of battery storage capacity at two decommissioned lignite-fired and coal-fired power plants in North Rhine-Westphalia, Germany, for around USD 147 million. The construction of this project is scheduled to start in 2023, and commissioning is planned for 2024.
  • October 2022: Fluence Energy GmbH and TransnetBW GmbH announced the deployment of the world's largest battery-based energy storage-as-transmission project. Fluence Energy GmbH is a leading company in energy storage products and services, and TransnetBW GmbH is Germany's leading transmission system operator. With this project, both companies aim to improve energy security and significantly support Germany's energy transition pathway by increasing the efficiency of the existing grid infrastructure.

Germany Energy Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTEL Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Batteries
    • 5.1.2 Pumped-Storage Hydroelectricity (PSH)
    • 5.1.3 Thermal Energy Storage (TES)
    • 5.1.4 Other Types
  • 5.2 Application
    • 5.2.1 Residential
    • 5.2.2 Commercial and Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enel SpA
    • 6.3.2 Renewable Energy Systems Ltd
    • 6.3.3 STEAG GmbH
    • 6.3.4 Fraunhofer-Gesellschaf
    • 6.3.5 Redt Energy PLC
    • 6.3.6 Sungrow Power Supply Co. Ltd
    • 6.3.7 Fluence Energy Inc.
    • 6.3.8 RWE AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Germany Energy Storage Industry Segmentation

Energy storage is the process of capturing the energy produced for use at a later time to reduce imbalances between energy demand and production. A device that stores energy is generally called an accumulator or battery. 

The German energy storage market is segmented by type and application. By type, the market is segmented into batteries, pumped-storage hydroelectricity (PSH), thermal energy storage (TES), and other types. By application, the market is segmented into residential and commercial and industrial. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Type Batteries
Pumped-Storage Hydroelectricity (PSH)
Thermal Energy Storage (TES)
Other Types
Application Residential
Commercial and Industrial
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Germany Energy Storage Market Research FAQs

What is the current Germany Energy Storage Systems Market size?

The Germany Energy Storage Systems Market is projected to register a CAGR of greater than 10% during the forecast period (2025-2030)

Who are the key players in Germany Energy Storage Systems Market?

Enel S.p.A, Renewable Energy Systems Ltd, STEAG GmbH, Fraunhofer-Gesellschaf and Redt Energy PLC are the major companies operating in the Germany Energy Storage Systems Market.

What years does this Germany Energy Storage Systems Market cover?

The report covers the Germany Energy Storage Systems Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Germany Energy Storage Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Germany Energy Storage Industry Report

The German energy storage system (ESS) market is experiencing significant growth, driven by the increasing adoption of renewable energy sources and the corresponding need for efficient energy storage solutions. Segmented into residential, commercial, and industrial applications, each sector exhibits unique drivers and trends. The residential segment thrives due to widespread rooftop solar installations and decreasing costs of lithium-ion batteries, enhancing accessibility and appeal for self-consumption and energy independence. In the commercial and industrial sectors, energy storage systems are crucial for peak shaving and ensuring uninterrupted power supply, vital for operations requiring stable energy inputs. The focus on sustainability is underscored by exploring second-life applications for batteries, reflecting Germany's commitment to environmental consciousness and a circular economy. The robust regulatory framework, technological advancements, and a push towards digitalization and smart grid development position Germany as a global leader in the energy storage market. For detailed statistics on the Germany Energy Storage market share, size, revenue growth rate, and a market forecast outlook, refer to industry reports by Mordor Intelligence™, which provide a comprehensive historical overview and are available as a free report PDF download.