Solar Battery System Market Report 2025 (Global Edition)

Global Solar Battery System Market Report 2025 Market Size Split by Type Outlook: (DC coupled System, AC coupled System, AC Battery System, Hybrid Inverter System), by Battery Types Outlook: (Lead Aci...

Solar Battery System Market Report Description

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Competitive Landscape of the Solar Battery System Market

The major firms are actively participating in strategic activities that are meant to preserve a dominant market position and grow market share through partnerships, mergers, and other means. Important players are inspired to launch fresh, creative goods. They are investing much in research and development to create new technologies that will help them preserve and expand their current market. Dynamic developments in the market include partnerships, mergers, and market expansion. These key firms' combined efforts have a significant impact on the market's competitive environment and its future trajectory.

In July 2023, the Solar & Storage Solutions division of GE Vernova announced that it and Fortune Electric have inked a Memorandum of Understanding (MoU) for the production of GE Vernova's Battery Energy Storage Solutions (BESS) in Taiwan. This deal facilitates the launch of GE Vernova's energy storage portfolio in Taiwan, allowing for the dispatchable, cost-effective, and dependable integration of energy into the grid. (Source: https://www.gevernova.com/news/press-releases/ge-vernova-solar-storage-solutions-business-and-fortune-electric-sign-mou-to-supply-battery-energy-storage-system-taiwan) In September 2024, Vistra announced a new program for homeowners in partnership with Sunrun to support grid reliability for Texans. Through Vistra's flagship retail electricity brand, TXU Energy, the TXU Energy & Sunrun Battery Rewards program will aggregate power stored in residential, solar-connected batteries, forming a virtual power plant to dispatch energy back to the grid when it's needed the most. (Source: https://investor.vistracorp.com/2024-09-11-Vistra-Partners-With-Sunrun-on-Residential-Battery-Aggregation-Program)

Top Companies Market Share in Solar Battery System Industry: (In no particular order of Rank)

• Tesla
• LG Energy Solution
• Sonnen
• Huawei
• BYD
• Panasonic
• SENEC
• Enphase Energy
• VARTA AG
• E3/DC Corporation
• BMZ Group Corporation
• Pylontech
• Generac
• AlphaESS
• Solax Power
• SimpliPhi Power Corporation
• Victron Energy
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Solar Battery System Market

Which Region Dominates the Solar Battery System Market in 2024?

According to Cognitive Market Research, North America is expected to dominate the market during the forecast period. The rising shift towards green energy and increasing product launches are expected to drive the industry's expansion. Moreover, the presence of major players is expected to drive the industry's expansion.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increasing government support and rapid urbanization are the major reasons for the expansion of the market in the region. Moreover, the increasing adoption in industrial areas drives the Asia Pacific market.

The current report Scope analyzes Solar Battery System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Solar Battery System

According to Cognitive Market Research, the global Solar Battery System market size was estimated at USD 191.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 76.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Solar Battery System market with a market size of USD 60.44 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. The U.S. market's is growing owing to the presence of major players.
• The Canada Solar Battery System market had a market share of USD 9.19 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Canada’s rising investment.
• The Mexico Solar Battery System market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 6.97 million in 2024.

Europe Solar Battery System

According to Cognitive Market Research, the global Solar Battery System market size was estimated at USD 191.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 57.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The United Kingdom Solar Battery System market had a market share of USD 9.65 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. In the UK, Solar Battery System sales witness an upswing due to the increasing shift towards renewable energy source.
• The France Solar Battery System market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 5.29 million in 2024.
• According to Cognitive Market Research, the German Solar Battery System market size was valued at USD 11.38 million in 2024 and is projected to grow at a CAGR of 12.9% during the forecast period. In Germany, the Solar Battery System surged due to the growing product launch.
• The Italy Solar Battery System market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 4.94 million in 2024.
• The Russia Solar Battery System market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 8.90 million in 2024.
• The Spain Solar Battery System market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD 4.71 million in 2024
• The Luxembourg Solar Battery System market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 1.78 million in 2024.
• The Portugal Solar Battery System market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 1.21 million in 2024.
• The Greece Solar Battery System market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 0.69 million in 2024.
• The Rest of Europe's Solar Battery System market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 8.90 million in 2024.

Asia Pacific Solar Battery System

According to Cognitive Market Research, the global Solar Battery System market size was estimated at USD 191.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 44.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Solar Battery System market size was valued at USD 19.82 million in 2024 and is projected to grow at a CAGR of 15.7% during the forecast period. Solar Battery System surged in China due to increasing investment.
• The Japan Solar Battery System market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 6.08 million in 2024.
• The India Solar Battery System market had a market share of USD 5.29 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. India's rising government support.
• The South Korean Solar Battery System market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 4.40 million in 2024.
• The Australian Solar Battery System market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 2.29 million in 2024.
• The South East Asia Solar Battery System market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 3.04 million in 2024.
• The Rest of Asia Pacific Solar Battery System market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 3.13 million in 2024.

South America Solar Battery System

According to Cognitive Market Research, the global Solar Battery System market size was estimated at USD 191.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 9.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Solar Battery System market size was valued at USD 4.10 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. Solar Battery System flourished in Brazil due to increasing demand for the product.
• Argentina's Solar Battery System market had a market share of USD 1.61 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Argentina's rising product launch.
• Colombia Solar Battery System market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 0.85 million in 2024.
• Peru Solar Battery System market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 0.79 million in 2024.
• Chile Solar Battery System market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 0.69 million in 2024.
• The Rest of Latin America's Solar Battery System market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 1.54 million in 2024.

Middle East Solar Battery System

According to Cognitive Market Research, the global Solar Battery System market size was estimated at USD 191.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031..

• The GCC Countries Solar Battery System market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 1.64 million in 2024. Staple gun sales flourish due to the presence of major market players.
• The Egypt Solar Battery System market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 0.40 million in 2024.
• The South Africa Solar Battery System market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 0.61 million in 2024. Solar Battery System sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Solar Battery System market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 0.33 million in 2024.
• The Nigeria Solar Battery System market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 0.40 million in 2024.
• The Rest of the MEA Solar Battery System market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 0.45 million in 2024.

Solar Battery System Market Analysis

How are Segments Performing in the Global Solar Battery System Market?

Solar Battery System Market Type Segment Analysis

According to Cognitive Market Research, DC coupled Systems are likely to dominate the Solar Battery System Market over the forecast period. DC-coupled solutions are in high demand as consumers and companies choose energy-efficient systems to optimize the return on solar energy investments. Furthermore, the cost of energy storage systems has decreased due to developments in lithium-ion and other battery technologies, increasing the accessibility of DC-coupled systems. To solve the problems associated with energy access, growing economies in Asia-Pacific, Latin America, and Africa are also using solar energy and storage systems, which is greatly boosting revenue growth.

The AC coupled System is the fastest-growing segment in the Solar Battery System Market. Without requiring modifications to the current inverter, AC-coupled systems are perfect for incorporating battery storage into already-existing solar systems. Better scalability and simpler modifications are also made possible by the independent operation of solar systems and batteries. Additionally, because of their dependability and simplicity, AC-coupled systems are becoming more and more popular among homes looking for energy independence or backup power during grid outages.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Solar Battery System Industry. Request a Free Sample PDF!

Solar Battery System Market Battery Type Segment Analysis

According to Cognitive Market Research, the Lithium Batteries segment holds the largest share of the market. Lithium battery use is accelerated by rising home and commercial demand for energy independence and backup power. Furthermore, the need for effective storage solutions—of which lithium batteries are a key component—is driven by the global push for the deployment of renewable energy. Additionally, ongoing advancements in battery chemistry and production techniques lower costs while improving performance and safety.

In the Solar Battery System Market, Sodium-based batteries have been expanding at a rapid pace. Interest in sodium-based alternatives has increased as a result of the high cost of lithium-ion batteries in large-scale solar systems. Furthermore, sodium batteries are now competitive with lithium-ion batteries due to recent advances in their chemistry that have increased their energy density, efficiency, and lifespan. The use of sodium-based batteries is also increasing as a result of governments and businesses placing a higher priority on ecologically responsible energy solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Solar Battery System Usage Outlook: Segment Analysis

Solar Battery System Market Usage Segment Analysis

According to Cognitive Market Research, the UPS segment holds the largest market share. The need for reliable backup systems has increased due to an increase in grid instability and power outages, which has fueled the use of solar UPS solutions. In addition, solar-powered UPS systems lower electricity costs and eliminate the need for diesel generators, which results in long-term cost benefits. Additionally, energy autonomy is desired by both residential and commercial customers, particularly in isolated locations with erratic grid access.

In the Solar Battery System market, the rapidly growing sector is the Electric Power category. The need for effective storage solutions is being driven by governments and utilities investing in solar energy to achieve renewable energy targets. Furthermore, solar battery systems are being adopted more quickly to replace peaking power plants that rely on fossil fuels as a result of the global movement to reduce carbon emissions. Strong energy storage systems are also becoming more and more important as extreme weather events and grid failures occur more frequently.

• UPS
• Electric Power
• Lighting
• Electric Bicycle
• Others

Solar Battery System End-Use Outlook: Segment Analysis

Solar Battery System Market End-Use Segment Analysis

According to Cognitive Market Research, the Industrial segment holds the largest market share. Solar battery systems for energy management and storage are becoming more and more popular as a result of industrial sectors looking for more affordable alternatives to the rising cost of grid electricity. Furthermore, industrial processes depend heavily on power reliability, particularly in industries like manufacturing, chemicals, and food processing. A reliable way to guarantee a steady supply of energy is by using solar battery installations. Additionally, governments throughout the world are providing tax breaks, subsidies, and incentives to encourage the use of renewable energy, which is speeding up the installation of solar battery systems in the industrial sector.

In the Solar Battery System market, the rapidly growing sector is the Home category. Lithium-ion batteries in particular have been constantly declining in price, making them more accessible and inexpensive for homes. To lessen their carbon footprints and help mitigate climate change, homeowners are also embracing renewable energy alternatives as they become more conscious of environmental issues. To reduce energy expenses by utilizing stored energy during times of high demand, homeowners are also investing in solar battery systems as a result of rising electricity rates.

• Home
• Industrial
• Commercial
• Agriculture Irrigation
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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