Asia Pacific Battery Energy Storage System Market
Asia Pacific Battery Energy Storage System Market by Type (Lithium-ion Battery, Advanced Lead Acid Battery, Flow Battery, Sodium-ion Battery), Capacity (Below 30 kWh, 30 kWh to 10 MWh, Above 10 MWh), Connection Type (On-grid, Off-grid) - Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The Asia Pacific battery energy storage system market is projected to grow from USD 28.61 billion in 2025 to USD 62.45 billion by 2030, at a CAGR of 16.9%. The market is poised for robust growth through 2030, driven by the acceleration of renewable installations, grid modernization programs, and expanding electrification initiatives across the region. Countries such as China, India, Japan, and Australia are increasingly deploying storage to support grid stability, manage peak demand, and enhance energy security. Declining battery costs, supportive policies, and robust regional manufacturing capacity are further improving project economics, while growing adoption in data centers, microgrids, and industrial applications is expanding the market's scope. As investment in solar-plus-storage and distributed energy systems continues to expand, the Asia Pacific region is expected to remain one of the fastest-growing markets for BESS.
KEY TAKEAWAYS
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BY COUNTRYChina, in the Asia Pacific battery energy storage system market, secured the largest share of 68.1% in 2024.
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BY BATTERY TYPEBy battery type, the flow battery segment is expected to grow at the highest CAGR of 26.9% during the forecast period.
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BY APPLICATIONUtility-scale applications are set to gain a market share of 65.4% in 2030.
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COMPETITIVE LANDSCAPE - KEY PLAYERSSungrow and BYD were identified as Star players in the Asia Pacific BESS market due to their strong technological leadership, extensive product portfolios, wide regional presence, and proven ability to scale large BESS deployments efficiently across Asia Pacific.
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COMPETITIVE LANDSCAPE - STARTUPS/SMESTrinasolar and Hithium have distinguished themselves among startups and SMEs through rapid innovation, competitive pricing, and growing deployment capabilities in the regional energy storage market.
The Asia Pacific battery energy storage system market is expanding rapidly, driven by accelerating renewable energy deployment, rising electrification needs, and a growing focus on grid stability across fast-growing economies. Lithium-ion remains the dominant technology, supported by strong manufacturing capacity in China, South Korea, and Japan, while long-duration solutions, such as flow batteries, are gaining traction in remote and island applications. Government incentives, utility-scale solar and wind investments, and grid modernization programs are further boosting adoption, particularly in China, India, Australia, and Southeast Asia. Growing demand for reliable backup power in data centers, industrial facilities, and commercial sites is also supporting market growth, positioning the Asia Pacific region as one of the most dynamic for energy storage expansion.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Increasing demand for grid energy storage systems in Asia Pacific is being driven by expanding renewable energy capacity, rapid deployment of lithium-ion batteries, and strong governmental focus on electrification and energy security. Significant growth in solar and wind installations, coupled with rising needs for peak load management and frequency stabilization, is accelerating the adoption of storage technologies across the region. At the same time, advancements in digital grid platforms, smart inverters, and industrial electrification are opening new opportunities for battery energy storage systems in commercial facilities, data centers, utilities, and remote or island communities. Together, these factors are supporting robust growth in the Asia Pacific market.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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Rapid Grid Modernization Driving BESS Adoption in Asia Pacific
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Rapid shift toward a low-carbon economy
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High installation and maintenance costs
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Growing emphasis on rural electrification
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Decline in lithium-ion battery prices
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Installation complexities in remote locations
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Overheating and deterioration issues related to Li-ion batteries
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rapid grid modernization driving adoption in Asia Pacific
Rapid grid modernization across the Asia Pacific region is accelerating battery energy storage systems adoption as utilities upgrade transmission infrastructure to accommodate growing renewable capacity and improve grid stability. Storage systems are being integrated to support peak demand, maintain frequency, and enhance reliability, making BESS a critical element of modern, resilient power networks in the region.
Restraint: High installation costs of battery energy storage systems
High installation and maintenance costs continue to serve as significant barriers to the adoption of battery energy storage systems within the Asia Pacific region, particularly for large-scale and remote deployments. The requirement for specialized equipment, skilled personnel, and dependable thermal management systems elevates initial investment costs. Additionally, ongoing maintenance expenses contribute to operational costs. These financial pressures may impede project development, especially in emerging markets characterized by limited funding and challenging infrastructure.
Opportunity: Growing emphasis on rural electrification
The growing emphasis on rural electrification across the Asia Pacific region is creating significant opportunities for the adoption of battery energy storage systems. Many remote and island communities face unreliable grid access or are entirely off-grid, making energy storage essential to stabilize renewable power and ensure a continuous supply. Government programs promoting distributed solar, microgrids, and hybrid systems are accelerating deployment, positioning BESS as a practical solution for expanding energy access and improving quality of life in underserved regions.
Challenge: Installation complexities in remote locations
Installation complexities in remote locations remain a major challenge for battery energy storage system deployments in the Asia Pacific region, where difficult terrain, island geographies, and limited infrastructure can hinder transportation, construction, and maintenance. Many sites require specialized logistics, additional civil works, and skilled personnel, increasing project costs and timelines. These factors make it harder to implement storage systems in rural or isolated areas, despite strong demand for reliable power.
ASIA PACIFIC BATTERY ENERGY STORAGE SYSTEM MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
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Blade battery and LFP-based BESS for commercial, industrial, and utility-scale energy management | Superior safety, long lifecycle, high thermal stability, and reliable power delivery |
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Lithium-ion BESS solutions for grid-scale, C&I, and renewable integration projects | High energy density, strong performance in harsh conditions, advanced safety systems, and optimized cost-efficiency |
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Utility-scale and C&I BESS with advanced lithium-ion chemistries for renewable integration and backup | High efficiency, advanced safety features, customizable modular design, and cost-effective large-scale deployment |
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Scalable lithium-ion BESS for renewable energy projects, microgrids, and backup power solutions | Proven technology reliability, long cycle life, integration with solar/wind, and efficient energy management |
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Utility-scale and C&I BESS solutions with liquid-cooled lithium-ion systems for renewable integration, peak shaving, and grid stability | High efficiency liquid-cooling technology, fast installation and commissioning, excellent thermal management, long lifecycle, and cost-effective scalability for large projects |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
Asia Pacific’s battery energy storage systems ecosystem is expanding rapidly, supported by strong renewable growth, rising electrification needs, and increasing demand for reliable backup power. A broad network of manufacturers, system integrators, utilities, and policymakers is driving deployment across utility, commercial, and industrial sectors, as well as remote and island communities. High manufacturing capacity in China, South Korea, and Japan, combined with growing demand in emerging markets, is reinforcing the region’s role as a major hub for energy storage technologies.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Asia Pacific Battery Energy Storage System Market, By Battery Type
Lithium-ion batteries are expected to capture the largest market share in the Asia Pacific region due to their high energy density, strong performance in renewable integration, and ongoing cost reductions driven by large-scale regional manufacturing. Their wide applicability across utility-scale solar-plus-storage, commercial and industrial backup, microgrids, and residential systems makes them the preferred storage technology. Proven reliability, long cycle life, and growing deployment in grid balancing and peak demand management further reinforce the dominance of lithium-ion throughout the region.
Asia Pacific Battery Energy Storage System Market, By Application
Utility-scale BESS is emerging as the fastest-growing application segment in the Asia Pacific region, driven by rising renewable deployment, growing demand for grid stability, and the need for large-capacity energy shifting. Major solar and wind expansions, together with national decarbonization targets and supportive government policies, are accelerating adoption across the region. Investments by utilities and grid operators in storage for peak load management, frequency regulation, and reliability enhancement are further strengthening momentum, positioning utility-scale systems as the leading growth engine in the Asia Pacific market.
REGION
During the forecast period, India is expected to be the fastest-growing country in the Asia Pacific BESS market.
Asia Pacific is a rapidly expanding market for battery energy storage, driven by strong renewable targets, growing electrification needs, and major solar and wind deployments. Countries such as China, Japan, Australia, and especially India are accelerating adoption to improve grid stability and support energy transition. India stands out as the fastest-growing market, backed by ambitious renewable goals, large-scale tenders, and rising demand for peak load management, positioning it as a key growth engine for BESS in the region.
ASIA PACIFIC BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY EVALUATION MATRIX
In the Asia Pacific battery energy storage systems market matrix, Sungrow (Star) leads with strong regional presence and a comprehensive portfolio of scalable storage solutions across utility, commercial, and industrial sectors, while BYD (Star) stands out with high-volume manufacturing capacity and a broad range of LFP-based systems for grid, renewable, and commercial applications.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- SUNGROW (China)
- BYD Company Ltd. (China)
- LG Energy Solution (South Korea)
- Panasonic Corporation (Japan)
- Samsung SDI Co., Ltd. (South Korea)
- Gotion (China)
- Delta Electronics, Inc. (Taiwan)
- NGK INSULATORS, LTD. (Japan)
- Hitachi Energy Ltd. (Switzerland)
- Toshiba Corporation (Japan)
- Tesla (US)
- Siemens AG (Germany)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 20.71 Billion |
| Market Forecast in 2030 (Value) | USD 62.45 Billion |
| Growth Rate | CAGR of 16.9% from 2025–2030 |
| Years Considered | 2021–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Million/Billion), Volume (GWh) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
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| Regional Scope | Asia Pacific (China, Japan, India, South Korea, Australia) |
WHAT IS IN IT FOR YOU: ASIA PACIFIC BATTERY ENERGY STORAGE SYSTEM MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
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| Country Opportunity Deep-Dive: India & Southeast Asia |
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| Data Center Energy Storage Adoption |
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| Market Forecasting & Scenario Planning |
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RECENT DEVELOPMENTS
- September 2025 : SUNGROW introduced PowerTitan 3.0, the next-generation utility-scale BESS, launch in Manila for the Southeast Asian market. This system offers increased energy density, advanced management capabilities, and enhanced round-trip efficiency (RTE). It is designed to optimize capital expenditure (CAPEX), ensure stable grid integration, and facilitate safer operations, cost reduction, and increased deployment of renewable energy sources.
- April 2025 : Contemporary Amperex Technology Co., Limited partnered with RIOH to promote the development of battery swapping technology through joint research and development, policy analysis, standardization efforts, and scenario-based applications. The partnership aims to establish a national battery swapping infrastructure for electric heavy trucks along critical freight corridors, thereby enhancing logistics efficiency and facilitating the transition to low-carbon transportation.
- September 2024 : GE?Vernova was appointed by Quinbrook Infrastructure Partners as the integration provider for Stages 1 and 2 (comprising 500?MW/1,500?MWh) of the Supernode BESS project in Queensland, Australia. This agreement is designed to facilitate large-scale wind and solar energy storage, thereby supporting one of Australia’s largest grid-connected BESS installations and promoting the advancement of renewable energy integration.
- June 2024 : NGK?Insulators secured a contractual agreement to supply containerized NAS batteries for a grid-storage demonstration initiative at Hungary’s state-owned MVM Balance power station. The objective of this project is to stabilize the electric grid through the storage of excess energy and the provision of regulation capacity.
Table of Contents
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Methodology
The study involved four major activities in estimating the current size of the Asia Pacific Battery Energy Storage System Market. Exhaustive secondary research has been conducted to gather information on the market, adjacent markets, and the overall BESS landscape. These findings, along with assumptions and projections, were validated through primary research involving interviews with industry experts and key stakeholders across the value chain. Both top-down and bottom-up approaches were utilized to estimate the overall market size. Subsequently, market breakdown and data triangulation techniques were applied to determine the sizes of various segments and subsegments. Two key sources, secondary and primary, were leveraged to conduct a comprehensive technical and commercial assessment of the battery energy storage system (BESS) market.
Secondary Research
Various secondary sources were consulted during the secondary research process to identify and collect relevant information for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the battery energy storage system (BESS) market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions: North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephone interviews.
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the Asia Pacific Battery Energy Storage System Market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall size of the battery energy storage system (BESS) market from the market size estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.
Market Definition
A battery energy storage system is embedded with a rechargeable battery in the form of battery packs and modules. The system stores energy from solar arrays, wind, or the electric grid and then discharges that energy later to provide electricity or other grid services when needed. Rechargeable batteries are typically more expensive but have a lower environmental impact compared to non-rechargeable (disposable) batteries. Rechargeable batteries incur high upfront costs but can be charged several times after the initial purchase. Battery energy storage systems are used during low-peak periods to store surplus energy and provide it to end users during periods of high peak demand for electricity.
Key Stakeholders
- Battery Energy Storage System Manufacturers
- Technology Providers
- Material Providers
- Government Bodies and Industry Associations
- Research Institutes and Organizations
- Battery Cell and Battery Pack Manufacturers
- Equipment Suppliers
- System Integrators
- Energy Storage Solution and Service Providers
- Energy Storage Research Institutions
- Government and Research Organizations
- Grid Operators
- Retail Service Providers
- Lithium-ion Batteries, Electrochemical Capacitors, and Other Energy Storage Product Manufacturers
- Utility Providers
- Power Distribution and IT Consultants
Report Objectives
- To define, describe, and forecast the battery energy storage system (BESS) market in terms of battery type, energy capacity, ownership, connection type, application, and region.
- To describe and forecast the market, in terms of value, with regard to four main regions: North America, Europe, Asia Pacific, and RoW, along with their respective countries
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To offer a detailed overview of the value chain of the Asia Pacific Battery Energy Storage System Market.
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the Asia Pacific Battery Energy Storage System Market
- To study opportunities in the market for stakeholders by identifying high-growth segments of the Asia Pacific Battery Energy Storage System Market.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive strategies, such as product launches, expansions, mergers, and acquisitions, adopted by key market players in the Asia Pacific Battery Energy Storage System Market.
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Growth opportunities and latent adjacency in Asia Pacific Battery Energy Storage System Market