<2025.2H> Global ESS Market Outlook (~2035)
Tariffs — a word that has become almost
unbearable to hear in international trade over the past few months.
Trump, back in the U.S. presidential
office, has chosen tariffs as the key to international politics in his second
administration. His message is clear: if you have complaints, produce goods in
America and create jobs at home.
In addition, the Trump administration,
together with the Republican-controlled Congress, has blocked all policies
supporting the growth of the electric vehicle (EV) market. It terminated the
planned EV purchase tax credits (subsidies) earlier than scheduled, nullified
the ban on internal combustion engine vehicle sales enforced by 12 states led
by California, and suspended federal support for highway EV charging station
projects.
As a result, the Korean lithium-ion battery
(LIB) industry, which had actively expanded its capacity under the Biden
administration to capture the North American EV market through the IRA, has now
found itself in a crisis.
In response, energy storage systems (ESS)
are emerging as a promising alternative. ESS requires the second-largest amount
of LIBs after EVs. Moreover, the tariff barriers imposed on Chinese-made LIBs
are likely to raise their prices. On the other hand, thanks to the Advanced
Manufacturing Production Credit (AMPC), which helps reduce LIB production costs
within the U.S., battery manufacturers have begun shifting their focus toward
the ESS market.
Then how will the ESS market in the United
States grow? And how much will the ESS markets in other regions expand? This
report provides an updated summary of the recent shifts and trends in these
market conditions.
We hope that this report will be helpful to
all members of the ESS industry who are going through a challenging time in
many ways.
Contents
Ⅰ. Global ESS Market and Technology
Outlook
1. Global ESS Market Outlook
2. ESS Market Outlook by Technology
3. Analysis of ESS Technology Advantages/Disadvantages
Ⅱ. Global ESS Outlook by Application
1. Grid
2. Commercial
3. Residential
4. Telecom
5. UPS
Ⅲ. Global LiB –
ESS Market Outlook
1. Global LiB – ESS Demand Outlook
2. Outlook by Application
3. Outlook by Region
4. M/S by Region
Ⅳ. LiB-ESS Market Outlook by Application
1. Grid
2. Commercial
3. Residential
4. Telecom
5. UPS
Ⅴ. LiB-ESS Market Outlook by Region
1. North America
2. Europe
3. China
4. Japan
5. Korea
6. Others
Ⅵ. Price Outlook (Based on Battery)
Ⅶ. LiB Supply Performance and Outlook by Manufacturer
1. ESS Battery Supply Performance and
Outlook (‘20~’35)
2. Mid/Long-term Supply Outlook by Manufacturer(‘20~’35)
3. Battery Supply Outlook by Type(‘20~’35)
4. Battery Supply Outlook by Chemical(‘20~’35)
[Annex] Global ESS Distribution
Expansion Policy
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U.S.
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Europe
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China