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Global On Grid and Off grid Battery Energy Storage System Market Outlook Report: Latest Trends and Growth Opportunities by Region

Published On: Jan, 2025
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Pages: 158

"Rising Demand for Energy Independence and Sustainability Drives Growth in the On-Grid and Off-Grid Battery Energy Storage System Market"

The On Grid and Off Grid Battery Energy Storage System market is experiencing rapid growth, driven by the global push for renewable energy integration, energy security, and grid stability. These systems play a vital role in storing electricity generated from renewable sources like solar and wind, ensuring reliable power supply and optimizing energy usage for utilities, commercial entities, and residential users. On-grid systems are connected to the main power grid, enabling energy exchange and stabilization, while off-grid systems operate independently, providing critical backup and remote power solutions in areas without reliable grid access. The adoption of advanced battery technologies, including lithium-ion, flow batteries, and emerging solid-state batteries, is further accelerating market expansion as industries seek efficient, long-lasting, and scalable storage solutions.

Technological advancements, government incentives, and falling battery costs are contributing to increased installations of both on-grid and off-grid storage systems worldwide. These systems are instrumental in supporting energy transition strategies, enabling peak load management, and reducing carbon emissions. Key regions such as North America, Europe, and Asia-Pacific are witnessing strong growth due to supportive regulations and ambitious renewable energy targets. However, the market faces challenges such as high initial investments, regulatory complexities, and supply chain concerns for raw materials. Industry players are focusing on product innovation, system integration, and partnerships with utilities to capture new opportunities in grid modernization and rural electrification.

Lithium-ion batteries represent the largest segment in the market due to their superior energy density, long cycle life, and rapidly declining costs, making them the preferred choice for both utility-scale and distributed storage applications. Their widespread adoption is further supported by ongoing technological advancements and scalability for various energy storage needs.

On-grid systems are the fastest-growing segment, driven by increasing integration of renewable energy into national grids, government mandates for grid modernization, and the urgent need for frequency regulation and peak load management. The ability to support grid stability and facilitate energy trading makes on-grid storage highly attractive for utilities and commercial users.

Key Strategies

  • Growing investments in renewable energy and a strong push for decarbonization are key factors driving demand for battery energy storage systems, as they enable effective utilization of intermittent solar and wind resources and help balance electricity supply and demand.

  • On-grid battery energy storage systems are widely adopted for grid stabilization, frequency regulation, and peak shaving, providing utilities with flexible solutions to manage fluctuations in electricity generation and consumption.

  • Off-grid systems are increasingly deployed in remote and underserved regions, delivering reliable power for communities, telecom towers, and critical infrastructure where grid connectivity is limited or unavailable.

  • Lithium-ion batteries remain the dominant technology in the market due to their high energy density, long cycle life, and declining costs, though alternative chemistries like flow and solid-state batteries are gaining traction for specific applications.

  • Government policies, subsidies, and renewable portfolio standards in countries such as the United States, Germany, China, and India are encouraging large-scale adoption and accelerating project development for battery storage systems.

  • The commercial and industrial sectors are investing in both on-grid and off-grid solutions to manage energy costs, ensure uninterrupted operations, and participate in demand response programs.

  • Integration of energy storage with solar photovoltaic systems and microgrids is creating new business models, enabling greater energy independence and resilience against power outages.

  • Technological advancements in battery management systems, safety features, and remote monitoring capabilities are enhancing the performance and reliability of both on-grid and off-grid storage solutions.

  • Despite strong market growth, challenges such as high upfront costs, recycling and end-of-life management, and raw material supply risks could impact the pace of adoption in some regions.

  • Strategic partnerships between technology providers, utilities, and governments are shaping the market landscape, promoting grid modernization, and expanding access to clean energy in both developed and emerging economies.

Market Players

1. Tesla Inc.
2. LG Energy Solution
3. Samsung SDI
4. Panasonic Corporation
5. BYD Company Ltd.
6. Fluence Energy, Inc.
7. ABB Ltd.
8. Siemens AG
9. Eaton Corporation
10. Saft Groupe S.A.
11. Schneider Electric SE
12. Enphase Energy, Inc.
13. Generac Power Systems
14. Sonnen GmbH
15. VARTA AG

 

Market Segmentation

By Battery Type

  • Lithium-Ion Batteries
  • Lead-Acid Batteries
  • Flow Batteries
  • Nickel Metal Hydride
  • Others

By Connection Type

  • On-Grid
  • Off-Grid

By Energy Capacity

  • Below 100 MWh
  • Between 100 and 500 MWh
  • Above 500 MWh

By Application

  • Utilities
  • Renewable
  • Small Hydro
  • Industrial
  • Others

By Equipment

  • Battery
  • Other Hardware

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

   

Recent Developments

In July 2025, Lyten acquired a major European battery energy storage manufacturing facility from Northvolt, with plans to restart production and expand its lithium-sulfur BESS product line.

Also in July 2025, Globeleq and African Rainbow Energy reached financial close on a large standalone battery energy storage system project in South Africa, marking a significant milestone for the continent’s storage capacity.

In June 2025, Cummins India launched advanced battery energy storage system solutions targeting industrial, commercial, and mining sectors to support India’s clean energy transition.

In April 2025, Ørsted began construction of a large battery energy storage system in Texas to complement its solar portfolio and strengthen its position in the U.S. storage market.

In June 2025, Our Next Energy introduced new U.S.–made LFP cells, Aries Grid Modules, and a battery management system aimed at the grid-scale energy storage market.

Also in June 2025, Saft was selected by Gurīn Energy to deliver a lithium-ion storage project in Japan featuring AI-powered cloud monitoring and advanced power conversion systems.

         

     

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