Report Highlights
- The global market for residential energy storage systems (RESS) is estimated to grow from $8.0 billion in 2025 to reach $17.2 billion by the end of 2030, at a compound annual growth rate (CAGR) of 16.4% from 2025 to 2030.
- The global market for electric vehicle (EV) battery testing is expected to increase from $4 billion in 2025 to reach $9.4 billion by the end of 2030, at a compound annual growth rate (CAGR) of 18.4% from 2025 through 2030.
- The global market for Vehicle-to-Grid (V2G) is expected to grow from $6.3 billion in 2025 and is projected to reach $16.9 billion by the end of 2030, at a compound annual growth rate (CAGR) of 21.7% during the forecast period of 2025 to 2030.
Research Review Scope
The fuel cell industry is experiencing strong demand for clean, sustainable energy solutions across sectors. Advances in technology, supportive government policies, and a global push to reduce carbon emissions are the main drivers of industry growth. Strong government initiatives—such as the U.S. Inflation Reduction Act and India's National Green Hydrogen Mission—are investing billions of dollars in hydrogen and fuel cell projects. Manufacturing innovation is boosting scalability and lowering system costs, making fuel cell adoption more practical for a wider range of applications. Governments are also tightening emissions standards, creating additional incentives for adoption.
Moreover, the battery market is evolving through organic growth, regulatory changes, and the commercial launch of next-generation technologies. In the battery market, technological developments continue to drive growth. Certain examples of such advances include Form Energy's iron-air systems achieving 100-hour duration, Energy Vault's gravity storage reaching commercial scale, and Highview Power's liquid air systems demonstrating utility-scale viability. These innovations address technical challenges, fueling the market’s growth in the coming years.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2025 Research Review of manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2025:
- FCB076A Global Market for Hydrogen Pipeline
- FCB043B Residential Energy Storage, Blockchain, and Energy Sharing Systems: Technologies and Global Markets
- FCB073A Global EV Battery Testing Market
- FCB074A Global Quantum Batteries Market
- FCB072A Vehicle-to-Grid (V2G): Global Market
- FCB062B Next-Generation Advanced Batteries: Global Markets
- FCB068A Global Fuel Cell Generator Market
- FCB070A Global Fuel Cell Stack Market
- FCB069A Global Hydrogen Energy Storage Market
- FCB067A Global Lithium-ion Battery Market
- FCB066A Global EV Battery Swapping Market
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
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Report Highlights
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Report Highlights
- The global market for residential energy storage systems (RESSs) should grow from $3.0 billion in 2018 to $11.2 billion by 2023 at a compound annual growth rate (CAGR) of 30.0% for the period of 2018-2023.
- The global market for lithium batteries should grow from $22.7 billion in 2018 to $47.4 billion by 2023 at a CAGR of 15.8% for the period of 2018-2023.
- The global market for batteries used in portable battery-powered products should grow from $1.0 trillion in 2019 to $1.5 trillion by 2024 at a CAGR of 7.6% for the period of 2019-2024.
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