Asia Pacific Battery Energy Storage System Market

The Asia Pacific battery energy storage system market is projected to be valued at USD 28.61 billion by 2025 and is expected to reach USD 62.45 billion by 2030, growing at a CAGR of 16.9% during the forecast period. This market is anticipated to experience robust growth, driven by the expansion of renewable energy projects, increasing electrification needs, and rising investments in grid modernization. The rapid deployment of solar and wind energy, supportive government policies, and declining battery costs are fueling the adoption of storage solutions across key regional markets, including China, India, Japan, South Korea, and Australia. Additionally, the growing demand for grid flexibility, peak load management, and reliable backup power further supports market growth, particularly in regions with high renewable energy penetration and remote or island communities.

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Leading industry participants in the region are, by means of product innovation, manufacturing scale, and strategic alliances, consolidating their market positions. Prominent firms within the Asia Pacific market encompass Sungrow (China), BYD (China), LG Energy Solution (South Korea), CATL (China), and Samsung SDI (South Korea). These entities are channeling investments into cutting-edge lithium-ion technologies, extensive manufacturing facilities, and regional project development endeavors to augment their footprint across utility-scale and distributed applications. Their strategic initiatives are designed to bolster competitive advantage and leverage the escalating demand within the Asia Pacific Battery Energy Storage System (BESS) market.

Sungrow (China):

Founded in 1997, SUNGROW is a global leader in renewable energy technology with over 28 years of experience in clean power conversion. The company has installed more than 870 GW of power electronic converters worldwide as of June 2025, showcasing strong innovation and large-scale project delivery. Supported by an R&D team making up 40% of its workforce and advanced testing centers approved by Société Générale de Surveillance (SGS) and TÜV Rheinland, it continues to advance its mission of Clean Power for All through reliable and efficient clean energy solutions.

SUNGROW’s operations cover three main areas: PV, Energy Storage, and Others. Additionally, the Energy Storage segment is growing rapidly, providing advanced BESS solutions to improve grid stability and industrial energy efficiency.

BYD Company Ltd. (China):

YD Company Ltd. is a high-tech enterprise in China and a pioneer in battery technology. The company operates through two main segments: Mobile Handset Components, Assembly Service, and Other Products; and Automobiles and Related Products. It supplies lithium-ion batteries through the Automotive and Related Products segment and other offerings. Its lithium-ion batteries are used in various devices, such as digital cameras, mobile phones, power tools, and portable electronics. The company also produces lithium-ion battery products, including cells, battery packs, and Li-Polymer batteries. Additionally, it provides energy storage solutions for commercial, utility, and residential use, as well as large-scale energy storage, distributed energy storage, and micro-grid systems.

LG Energy Solution (South Korea):

LG Chem is a chemical company that provides innovative materials and solutions. The company operates through segments such as Petrochemicals, Life Sciences, Energy Solutions, Advanced Materials, and Common and Others. In December 2020, the company spun off its battery division and formed LG Energy Solution. The Energy Solutions segment mainly focuses on manufacturing and supplying batteries for various uses, including laptops, mobile phones, and computers, as well as automotive batteries for vehicles. It offers ESS the capability to improve energy efficiency by enhancing renewable energy quality and stabilizing the power supply system. An ESS combines a battery cell, a battery pack, a battery module, and a battery rack system. ESS is used in electric grids, homes, and UPS systems.

Market Ranking

The Asia Pacific battery energy storage system market is relatively consolidated, with major players such as Sungrow (China), BYD (China), CATL (China), LG Energy Solution (South Korea), and Samsung SDI (South Korea) collectively holding a significant share of regional installations. Sungrow uses its strong domestic manufacturing base, broad project portfolio, and leadership in utility-scale deployments to stay dominant in key markets, especially China and Southeast Asia. BYD benefits from vertically integrated operations and its strong position in LFP battery production, enabling cost-effective and reliable solutions for renewable and grid applications across the region.

LG Energy Solution continues to expand its presence through strategic partnerships and large-scale participation in national storage programs, strengthening its footprint across India, Japan, and Australia. Meanwhile, Samsung SDI leverages high-performance battery technology and strong relationships with EPCs and utilities to supply systems for commercial, industrial, and grid-scale applications. Panasonic uses its expertise in advanced cell manufacturing and safety performance to support both domestic and export markets, reinforcing its role as a trusted technology provider in the Asia Pacific. Together, these companies remain key players in driving innovation, scaling production, and accelerating the adoption of BESS across the region.

Related Reports:

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

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