The Market Reports

Synopsis
The global market for Gravity Energy Storage was estimated to be worth US$ 1215 million in 2024 and is forecast to a readjusted size of US$ 2575 million by 2031 with a CAGR of 10.2% during the forecast period 2025-2031.
Gravity Energy Storage Systems (GESS) are an emerging form of mechanical energy storage that store and release energy by raising and lowering a heavy mass using gravity. When excess electricity is available (e.g., from renewable sources), the system uses it to lift a massive weight vertically or along an incline. When power is needed, the weight is lowered, driving a generator to produce electricity — much like pumped hydro, but without the need for water or elevation.
GESS offer key benefits such as long cycle life, rapid response times, low environmental impact, and the ability to be deployed in flat or urban areas where other large-scale storage options may not be feasible. They are particularly suited for grid balancing, renewable integration, and energy arbitrage.
With the increasing dependence on renewable energy such as wind and solar energy, solving the uncertainty and indirectness of its production has become a key issue that cannot be ignored. In order to be able to achieve uninterrupted power supply, Energy Vault first developed a gravity energy storage system, which has better performance and lower costs than pumped water storage and lithium battery storage.
Gravity energy storage systems are very suitable for large-scale energy storage such as public utilities, especially suitable for more remote areas. According to statistics, 45% of the world's land can be built with this kind of energy storage system. And because of the use of building materials such as concrete as raw materials, it has the conditions for sustainable development and has a longer energy storage life than chemical batteries.
The gravity energy storage system is in the introduction phase in the market, and this stage is also very challenging for enterprises. A large amount of capital investment is required during the research and development period, and because the actual product has not yet been put into use, even if the product has been modeled and simulated for many times, it still has a certain degree of uncertainty.
This report aims to provide a comprehensive presentation of the global market for Gravity Energy Storage, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Gravity Energy Storage by region & country, by Type, and by Application.
The Gravity Energy Storage market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gravity Energy Storage.
Market Segmentation
By Company
Energy Vault
Gravitricity
Advanced Rail Energy Storage
Gravity Power
China Tianying
Segment by Type
Below 100 MWh
Above 100 MWh
Segment by Application
Utilities
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Gravity Energy Storage company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Gravity Energy Storage in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Gravity Energy Storage in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index