Wire · operational-macro
Global Li-ion BESS Market to Reach US$135B by 2037
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Fusion42 · 28 September 2026 · Fusion42 review
The global lithium-ion battery energy storage system (BESS) market is forecast to reach US$135 billion by 2037, driven by rapid growth in utility-scale, commercial, industrial, and residential deployments. Key markets like China and the US lead deployments, with emerging markets such as Saudi Arabia and Chile rising, supported by evolving procurement frameworks, policies, and financing models, though challenges like grid connection bottlenecks and rising raw material costs persist.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
The surge in large-scale battery projects means you must sharpen your project delivery and local market expertise to win utility contracts and navigate tightening grid access. Rising Chinese export costs signal your supply chain costs could climb, so rethink procurement strategies now.
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1 source · 28 Sep 2026
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