Energy storage enters a golden era of development: IRENA forecasts that global installed capacity will exceed 2.5 TW by 2035 and reach 6.9 TW by 2050
As the global energy transition accelerates, energy storage is emerging as a core infrastructure for building next-generation power systems. A recent report by the International Renewable Energy Agency (IRENA) highlights that achieving the global climate goal of limiting temperature rise to 1.5°C requires worldwide installed energy storage capacity to reach 2.53 TW by 2035 and further increase to 6.86 TW by 2050. Compared with the current level of approximately 416 GW in 2025, the global energy storage market is poised for explosive growth over the next decade.
The global energy transition is driving a surge in demand for energy storage solutions.
IRENA believes that electrification will become the primary driver of global energy transition in the future. By 2035, electricity is projected to account for 35% of global final energy consumption, rising above 50% by 2050. Concurrently, global renewable energy installed capacity must increase from approximately 5.14 TW in 2025 to 18.4 TW by 2035 and reach 38.2 TW by 2050.
With the continuous increase in solar and wind power installations, the demand for flexible regulation capabilities in power grids has significantly risen. Energy storage systems are capable of achieving peak shaving, valley filling, frequency regulation, power backup, and renewable energy integration, making them a key technology supporting the development of high-proportion renewable energy.
The energy storage market has entered the “TW Era”.
According to IRENA’s forecasts:
| time nodes | Global installed capacity for energy storage |
| 2025 | 416GW |
| 2035 | 2.53TW |
| 2050 | 6.86TW |
This means that the global installed capacity of energy storage will more than sextuple over the next decade.
From a market structure perspective, the following sectors will serve as the primary growth drivers:
- Large-scale energy storage projects on the power grid side
- Integrated Photovoltaic + Energy Storage Project
- Industrial and Commercial Energy Storage Systems
- Home Energy Storage Systems
- Microgrids and Off-grid Energy Systems
- Data centers and AI computing systems require corresponding energy storage solutions.
Especially in markets such as Europe, North America, the Middle East, Australia, and Southeast Asia, energy storage has gradually shifted from being policy-driven to market-driven, with its economic viability continuously improving.
Energy storage companies are facing global opportunities
With the rapid growth of global energy storage demand, there is an increasing market need for energy storage products featuring high safety, long cycle life, and high energy density.
As a leading provider of professional new energy storage solutions, moPower’s official website consistently delivers the following services to customers worldwide:
- Home Energy Storage System (ESS)
- Industrial and Commercial Energy Storage Systems (C&I ESS)
- Lithium Battery Energy Storage Solution
- Photovoltaic Inverter Products
- Integrated Photovoltaic and Energy Storage Solution
- Customized OEM/ODM Services
Leveraging advanced lithium battery technology and a comprehensive global service network, moPower helps customers worldwide achieve more efficient, safer, and cost-effective energy management.
Epilogue
IRENA’s energy storage targets of 2.5 TW (by 2035) and 6.9 TW (by 2050) not only underscore the urgency of global energy transition but also mark the official entry of the energy storage industry into the terawatt era. In the future, energy storage will evolve from a supporting infrastructure for renewable energy to a critical component of the global energy system.
For energy storage companies, seizing global market opportunities and enhancing technological innovation capabilities and product competitiveness will be key to achieving the next phase of industry growth.