2025-2031 Global Hybrid Energy Storage System (HESS) Industry Research & Trends Analysis Report- YH Research

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2025-2031 Global Hybrid Energy Storage System (HESS) Industry Research & Trends Analysis Report

Publication Date: 2025-11-19
Report Id: 2807816
Industry: Energy & Power
Report Page: 119
Chart: 120

PDF Download

Publication Date: 2025-11-19
Report Id: 2807816
Industry: Energy & Power
Report Page: 119
Chart: 120

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Product Overview and Scope of Hybrid Energy Storage System (HESS)
1.2 Global Hybrid Energy Storage System (HESS) Market Size and Forecast
1.3 China Hybrid Energy Storage System (HESS) Market Size and Forecast
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Hybrid Energy Storage System (HESS) Share in Global Market, 2020-2031
1.4.2 Hybrid Energy Storage System (HESS) Market Size: China VS Global, 2020-2031
1.5 Hybrid Energy Storage System (HESS) Market Dynamics
1.5.1 Hybrid Energy Storage System (HESS) Market Drivers
1.5.2 Hybrid Energy Storage System (HESS) Market Restraints
1.5.3 Hybrid Energy Storage System (HESS) Industry Trends
1.5.4 Hybrid Energy Storage System (HESS) Industry Policy

2 Competitive Landscape by Company
2.1 Global Hybrid Energy Storage System (HESS) Revenue by Company, 2020-2025
2.2 Global Hybrid Energy Storage System (HESS) Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.3 Global Hybrid Energy Storage System (HESS) Concentration Ratio
2.4 Global Hybrid Energy Storage System (HESS) Mergers & Acquisitions, Expansion Plans
2.5 Global Hybrid Energy Storage System (HESS) Manufacturers Product Type
2.6 Global Geographic Distribution of Hybrid Energy Storage System (HESS) Companies

3 China Competitive Situation by Company
3.1 China Hybrid Energy Storage System (HESS) Revenue by Company, 2020-2025
3.2 China Hybrid Energy Storage System (HESS) Hybrid Energy Storage System (HESS) Participants, Market Position (Tier 1, Tier 2, and Tier 3)
3.3 China Hybrid Energy Storage System (HESS) Market, Revenue Percentage of Local Players VS Foreign Players (2020-2031)

4 Industry Chain Analysis
4.1 Hybrid Energy Storage System (HESS) Industry Chain
4.2 Hybrid Energy Storage System (HESS) Upstream Analysis
4.3 Hybrid Energy Storage System (HESS) Midstream Analysis
4.4 Hybrid Energy Storage System (HESS) Downstream Analysis

5 Sights by Type
5.1 Hybrid Energy Storage System (HESS) Classification
5.1.1 LFP Battery
5.1.2 Flow Battery
5.1.3 Flywheel Energy Storage
5.1.4 Others
5.2 by Type, Global Hybrid Energy Storage System (HESS) Market Size & CAGR, 2020 VS 2024 VS 2031
5.3 by Type, Global Hybrid Energy Storage System (HESS) Market Size, 2020-2031

6 Sights by Application
6.1 Hybrid Energy Storage System (HESS) Segment by Application
6.1.1 Grid Energy Storage
6.1.2 Generation-Side Energy Storage
6.1.3 Behind-the-Meter Energy Storage
6.2 by Application, Global Hybrid Energy Storage System (HESS) Market Size & CAGR, 2020 VS 2024 VS 2031
6.3 by Application, Global Hybrid Energy Storage System (HESS) Market Size, 2020-2031

7 Sights by Region
7.1 By Region, Global Hybrid Energy Storage System (HESS) Market Size, 2020 VS 2024 VS 2031
7.2 By Region, Global Hybrid Energy Storage System (HESS) Market Size, 2020-2031
7.3 North America
7.3.1 North America Hybrid Energy Storage System (HESS) Market Size & Forecasts, 2020-2031
7.3.2 By Country, North America Hybrid Energy Storage System (HESS) Market Size Market Share
7.4 Europe
7.4.1 Europe Hybrid Energy Storage System (HESS) Market Size & Forecasts, 2020-2031
7.4.2 By Country, Europe Hybrid Energy Storage System (HESS) Market Size Market Share
7.5 Asia Pacific
7.5.1 Asia Pacific Hybrid Energy Storage System (HESS) Market Size & Forecasts, 2020-2031
7.5.2 By Country/Region, Asia Pacific Hybrid Energy Storage System (HESS) Market Size Market Share
7.6 South America
7.6.1 South America Hybrid Energy Storage System (HESS) Market Size & Forecasts, 2020-2031
7.6.2 By Country, South America Hybrid Energy Storage System (HESS) Market Size Market Share
7.7 Middle East & Africa

8 Sights by Country Level
8.1 By Country, Global Hybrid Energy Storage System (HESS) Market Size & CAGR，2020 VS 2024 VS 2031
8.2 By Country, Global Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.3 United States
8.3.1 United States Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.3.2 By Company, United States Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.3.3 by Type, United States Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.3.4 by Application, United States Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.4 Europe
8.4.1 Europe Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.4.2 By Company, Europe Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.4.3 by Type, Europe Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.4.4 by Application, Europe Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.5 China
8.5.1 China Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.5.2 By Company, China Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.5.3 by Type, China Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.5.4 by Application, China Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.6 Japan
8.6.1 Japan Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.6.2 By Company, Japan Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.6.3 by Type, Japan Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.6.4 by Application, Japan Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.7 South Korea
8.7.1 South Korea Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.7.2 By Company, South Korea Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.7.3 by Type, South Korea Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.7.4 by Application, South Korea Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.8 Southeast Asia
8.8.1 Southeast Asia Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.8.2 By Company, Southeast Asia Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.8.3 by Type, Southeast Asia Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.8.4 by Application, Southeast Asia Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.9 India
8.9.1 India Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.9.2 By Company, India Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.9.3 by Type, India Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.9.4 by Application, India Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.10 Middle East & Africa
8.10.1 Middle East & Africa Hybrid Energy Storage System (HESS) Market Size, 2020-2031
8.10.2 By Company, Middle East & Africa Hybrid Energy Storage System (HESS) Revenue Market Share, 2024
8.10.3 by Type, Middle East & Africa Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031
8.10.4 by Application, Middle East & Africa Hybrid Energy Storage System (HESS) Revenue Market Share, 2024 VS 2031

9 Company Profile
9.1 CRRC Zhuzhou Institute
9.1.1 CRRC Zhuzhou Institute Company Information, Head Office, Market Area, and Industry Position
9.1.2 CRRC Zhuzhou Institute Company Profile and Main Business
9.1.3 CRRC Zhuzhou Institute Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.1.4 CRRC Zhuzhou Institute Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.1.5 CRRC Zhuzhou Institute Recent Developments
9.2 SDEE
9.2.1 SDEE Company Information, Head Office, Market Area, and Industry Position
9.2.2 SDEE Company Profile and Main Business
9.2.3 SDEE Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.2.4 SDEE Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.2.5 SDEE Recent Developments
9.3 XYZ Storage Technology
9.3.1 XYZ Storage Technology Company Information, Head Office, Market Area, and Industry Position
9.3.2 XYZ Storage Technology Company Profile and Main Business
9.3.3 XYZ Storage Technology Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.3.4 XYZ Storage Technology Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.3.5 XYZ Storage Technology Recent Developments
9.4 Hyperstrong
9.4.1 Hyperstrong Company Information, Head Office, Market Area, and Industry Position
9.4.2 Hyperstrong Company Profile and Main Business
9.4.3 Hyperstrong Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.4.4 Hyperstrong Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.4.5 Hyperstrong Recent Developments
9.5 XJ Electric
9.5.1 XJ Electric Company Information, Head Office, Market Area, and Industry Position
9.5.2 XJ Electric Company Profile and Main Business
9.5.3 XJ Electric Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.5.4 XJ Electric Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.5.5 XJ Electric Recent Developments
9.6 Hongzheng Energy Storage
9.6.1 Hongzheng Energy Storage Company Information, Head Office, Market Area, and Industry Position
9.6.2 Hongzheng Energy Storage Company Profile and Main Business
9.6.3 Hongzheng Energy Storage Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.6.4 Hongzheng Energy Storage Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.6.5 Hongzheng Energy Storage Recent Developments
9.7 CATL
9.7.1 CATL Company Information, Head Office, Market Area, and Industry Position
9.7.2 CATL Company Profile and Main Business
9.7.3 CATL Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.7.4 CATL Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.7.5 CATL Recent Developments
9.8 Enerflow
9.8.1 Enerflow Company Information, Head Office, Market Area, and Industry Position
9.8.2 Enerflow Company Profile and Main Business
9.8.3 Enerflow Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.8.4 Enerflow Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.8.5 Enerflow Recent Developments
9.9 Wärtsilä
9.9.1 Wärtsilä Company Information, Head Office, Market Area, and Industry Position
9.9.2 Wärtsilä Company Profile and Main Business
9.9.3 Wärtsilä Hybrid Energy Storage System (HESS) Models, Specifications, and Application
9.9.4 Wärtsilä Hybrid Energy Storage System (HESS) Revenue and Gross Margin, 2020-2025
9.9.5 Wärtsilä Recent Developments

10 Conclusion

11 Appendix
11.1 Research Methodology
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Market Estimation Model
11.4 Disclaimer

According to YH Research, the global market for Hybrid Energy Storage System (HESS) should grow from US$ 1529 million in 2024 to US$ 2569 million by 2031, with a CAGR of 7.7% for the period of 2025-2031.

Hybrid energy storage refers to the integration of two or more different types of energy storage technologies into a single system. This approach leverages the advantages of various technologies while mitigating their shortcomings, thereby enhancing the performance, reliability, and cost-effectiveness of the energy storage system. Hybrid energy storage systems typically comprise multiple storage technologies, such as battery storage, supercapacitor storage, compressed air storage, and fuel cell storage.Currently, the most widely used hybrid energy storage systems often combine lithium iron phosphate batteries with other storage technologies. Examples include lithium iron phosphate batteries paired with flywheels, lithium iron phosphate batteries combined with supercapacitors, or systems integrating lithium iron phosphate batteries, supercapacitors, and sodium-ion batteries.

Hybrid Energy Storage System (HESS)

Unit: US$ M

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In-depth insight into market trends

Achieving carbon peaking and carbon neutrality goals, as well as facilitating the energy transition, are the main drivers behind the development of hybrid energy storage systems. In terms of application scenarios, hybrid energy storage systems are primarily used on the grid side, the power generation side, and the user side. Currently, most implemented hybrid energy storage projects are focused on the grid side and power generation side, with a minimal share of projects on the user side.

Key companies participating in hybrid energy storage projects include CRRC Zhuzhou Institute, SDEE, XYZ Storage Technology, Hyperstrong, XJ Electric, Hongzheng Energy Storage, CATL,Enerflow，etc. Among these, CRRC Zhuzhou Institute holds the largest market share, accounting for 17.74% of the global market in 2023.

This report aims to provide a comprehensive study of the global market for Hybrid Energy Storage System (HESS). Report Highlights:
(1) Global Hybrid Energy Storage System (HESS) market size (value), history data from 2020-2024, and forecast data from 2025 to 2031.

(2) Global Hybrid Energy Storage System (HESS) market competitive situation, revenue, and market share, from 2020 to 2024.

(3) China Hybrid Energy Storage System (HESS) market competitive situation, revenue, and market share, from 2020 to 2024.

(4) Global Hybrid Energy Storage System (HESS) segment by region (or country), key regions cover the United States, Europe, China, Japan, South Korea, Southeast Asia, and India, etc.

(5) Global Hybrid Energy Storage System (HESS) segment by Type, and by Application, and regional segment by Type, and by Application.

(6) Hybrid Energy Storage System (HESS) industry supply chain, upstream, midstream, and downstream analysis.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Market segment by Type, covers
LFP Battery
Flow Battery
Flywheel Energy Storage
Others

Market segment by Application, can be divided into
Grid Energy Storage
Generation-Side Energy Storage
Behind-the-Meter Energy Storage

Market segment by players, this report covers
CRRC Zhuzhou Institute
SDEE
XYZ Storage Technology
Hyperstrong
XJ Electric
Hongzheng Energy Storage
CATL
Enerflow
Wärtsilä