Power Storage Systems Maintenance and MRO Services Market Summary
As per MRFR analysis, the Power Storage Systems Maintenance and MRO Services Market was estimated at 7.25 USD Billion in 2024. The Power Storage Systems Maintenance and MRO Services industry is projected to grow from 7.62 USD Billion in 2025 to 12.5 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.08% during the forecast period 2025 - 2035.
Key Market Trends & Highlights
The Power Storage Systems Maintenance and MRO Services Market is poised for substantial growth driven by technological advancements and increasing demand for energy efficiency.
- Technological advancements in maintenance services are enhancing operational efficiency across the sector.
- Sustainability and environmental considerations are becoming pivotal in shaping service offerings, particularly in North America.
- Customization of services is gaining traction, especially in the residential energy storage systems segment, which remains the largest.
- The increasing demand for renewable energy storage and regulatory support are key drivers propelling market expansion in both North America and Asia-Pacific.
Market Size & Forecast
| 2024 Market Size | 7.25 (USD Billion) |
| 2035 Market Size | 12.5 (USD Billion) |
| CAGR (2025 - 2035) | 5.08% |
Major Players
Siemens (DE), Schneider Electric (FR), General Electric (US), ABB (CH), Honeywell (US), Eaton (US), LG Chem (KR), Samsung SDI (KR), Panasonic (JP)