Emerging markets for energy storage to rise in 2025

Guess what country will be in the forefront.

This year, emerging markets for energy storage will be on the rise, with Saudi Arabia leading the way.

According to Wood Mackenzie’s forecasts, Saudi Arabia will become 7th of the world’s 10 largest markets, ranked by capacity addition until the outlook end.

“The spectacular growth in the kingdom’s storage market is driven by its ambitious Vision 2030 goals for economic development and massive renewable energy investments. Battery storage will play a crucial role in complementing Saudi Arabia's expansion of solar and wind generation,” it said.

Wood Mackenzie said this is evident from the country’s storage project pipeline of over 13 gigawatt-hours (GWh), with plans to increase this capacity to 70 GWh by 2030.

The company is also projecting substantial investments in countries such as Turkey and Bulgaria, which are holding tenders for gigawatt-scale solar and wind projects that integrate storage.