United Kingdom Energy Storage Systems Market Size, Share, and COVID-19 Impact Analysis, By Technology (Pumped Storage, Electrochemical Storage, Electromechanical Storage, and Thermal Storage), By Application (Transportation and Grid Management), and UK Energy Storage Systems Market Insights, Industry Trend, Forecasts to 2035

United Kingdom Energy Storage Systems Market Size Forecasts to 2035

• The United Kingdom Energy Storage Systems Market Size Was Estimated at USD 4869.3 Million in 2024
• The UK Energy Storage Systems Market Size is Expected to Grow at a CAGR of around 10.48% from 2025 to 2035
• The UK Energy Storage Systems Market Size is Expected to Reach USD 14569.3 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the UK Energy Storage Systems Market Size is anticipated to reach USD 14569.3 million by 2035, growing at a CAGR of 10.48% from 2025 to 2035. Growing integration of renewable energy, falling battery prices, increased government incentives, growing energy security concerns, the adoption of electric vehicles, corporate sustainability initiatives, lowering carbon emissions, and controlling rising electricity demand are all factors propelling the market's rapid expansion.

Market Overview

The UK energy storage systems market refers to equipment that stores different energy types for flexible use. Recent technological advancements have driven market growth by enabling continuous and reliable energy supply, improving efficiency, and meeting increasing energy demands effectively. The need for grid stability in the face of growing adoption of renewable energy, as well as the growing demand from data centres and the residential sector. Air pollution, greenhouse gas emissions, and reliance on fossil fuels are all decreased by clean and renewable energy sources. Energy storage and renewable energy projects are supported by government policies and incentives like the Smart Export Guarantee, which accelerates industry expansion. Because of their dependability and efficiency, cutting-edge technology like lithium-ion batteries is becoming more and more popular. In order to balance the supply and demand of the national grid, larger-scale storage technologies are essential. Energy storage and electric vehicle infrastructure integration open up new possibilities for EV charging and grid assistance. The UK is on its way to achieving net-zero carbon emissions, and more advanced energy management systems, as well as consumer demand for energy independence, will continue to drive a shift toward storage technologies. Overall, progressive regulations, technology enhancements, and changes in consumer preferences have set the UK up to be a major player in the global energy storage market.

Report Coverage

This research report categorizes the market for the UK energy storage systems market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom energy storage systems market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom energy storage systems market.

Driving Factors

Efficient energy storage is necessary to balance supply and demand in light of the UK's net-zero 2050 goal and growing demand for renewable energy. R&D and investment are increased by government incentives such as the Energy Innovation Programme. Demand for resilient storage systems is fuelled by growing consumer and industry concern about energy stability, particularly in the wake of previous catastrophes. The UK energy storage market is growing faster due to support from groups like the Renewable Energy Association, which encourages innovation.

Restraining Factors

High costs and technological complexity are limitations to the widespread adoption of advanced energy storage technologies. Slow progress in upgrading grid capabilities, as well as regulatory uncertainty, is hindering industry growth. Environmental concerns are also raised by the complications of recycling and disposing of battery materials, which can stifle investment and growth in the energy storage market in the UK. These factors hamper the energy storage systems market during the forecast period.

Market Segmentation

The United Kingdom energy storage systems market share is classified into technology and application.

• The pumped storage segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom energy storage systems market is segmented by technology into pumped storage, electrochemical storage, electromechanical storage, and thermal storage. Among these, the pumped storage segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The significant factors to consider for the leading position of this segment area are the increased use of pumped hydro technology in the UK. In addition, it is expected that the continued investments in R&D, upgrading the grid capacity, and infrastructure in key areas will support the leadership of this segment through the forecast period.

• The grid management segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom energy storage systems market is segmented by application into transportation and grid management. Among these, the grid management segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Grid storage technologies are widely utilised for large-scale energy storage. The segment's growth is driven by the increased energy demand in the industrial sector. Moreover, continuous and effective power delivery is made possible by large-scale energy storage.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom energy storage systems market and a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vattenfall
• ENGIE
• RWE
• Eon
• Octopus Energy
• National Grid
• Shell
• Tesla
• Duke Energy
• Sonnen
• Fluence
• Centrica
• British Gas
• LG Energy Solution
• EDF Energy
• Others

Key Target Audience

• Investors
• Market players
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom energy storage systems market based on the below-mentioned segments:

United Kingdom Energy Storage Systems Market, By Technology

• Pumped Storage
• Electrochemical Storage
• Electromechanical Storage
• Thermal Storage

United Kingdom Energy Storage Systems Market, Application

• Transportation
• Grid Management