Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Off-grid Energy Storage System Market Report: Trends, Forecast and Competitive Analysis to 2031" has been added to ResearchAndMarkets.com's offering.
The global off-grid energy storage system market is expected to grow with a CAGR of 11.1% from 2025 to 2031. The major drivers for this market are the rising demand for reliable power in remote areas, the growing adoption of renewable energy, and the increasing government incentives & environmental concerns.
The future of the global off-grid energy storage system market looks promising with opportunities in the family backup power, industrial UPS, and unattended equipment markets.
Features of this Global Off-grid Energy Storage System Market Report
- Market Size Estimates: Off-grid energy storage system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Off-grid energy storage system market size by type, application, and region in terms of value ($B).
- Regional Analysis: Off-grid energy storage system market breakdown by North America, Europe, Asia-Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the off-grid energy storage system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the off-grid energy storage system market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Leading Market Segments
- Within the type category, lithium-ion battery is expected to witness higher growth over the forecast period.
- Within the application category, industrial UPS is expected to witness the highest growth.
- In terms of region, APAC is expected to witness the highest growth over the forecast period.
The factors responsible for driving the off-grid energy storage system market include:
- Technological Advances
- Government Support and Incentives
- Reduction of the Cost of Storage Systems
- Gaining Demand for Renewable Energy Solution
- Enhanced Energy Access in Remote Areas
Challenges in the off-grid energy storage system market are:
- High Initial Investment Expenses
- Poor Infrastructure in Isolated Areas
- Energy Storage Efficiency and Reliability Issues
List of Off-grid Energy Storage System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies off-grid energy storage system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the off-grid energy storage system companies profiled in this report include:
- EnerSys
- Samsung
- LG
- Sonnen
- Fronius
- Toshiba
- Mitsubishi Heavy Industries
- Sumitomo Electric Industries
- Enphase
- SAFT
Off-grid Energy Storage System Market by Segment
The study includes a forecast for the global off-grid energy storage system market by type, application, and region.
Type [Value from 2019 to 2031]:
- Lithium-ion Battery
- Lead-acid Battery
- Others
Application [Value from 2019 to 2031]:
- Family Backup Power
- Industrial UPS
- Unattended Equipment
- Others
Region [Value from 2019 to 2031]:
- North America
- Europe
- Asia-Pacific
- The Rest of the World
Country-wise Outlook for the Off-grid Energy Storage System Market
The off-grid energy storage system market has picked up an impressive pace as energy demands change and the call for cleaner power solutions rises. Off-grid energy storage systems, which supply power in off-grid or isolated places that lack access to central grids, are crucial in powering rural communities, remote businesses, and emergency standby uses. These systems are increasingly being used all over the world, fueled by technological innovation, government initiatives, and increasing need for renewable energy solutions. United States, China, Germany, India, and Japan are leaders in these trends, making every effort to achieve energy independence along with environmental needs.
- United States: The United States has seen strong growth in the market for off-grid energy storage, fueled by growing demand for renewable energy sources in rural regions and increasing concern about grid reliability. Solar and wind energy systems complemented by battery storage solutions are helping drive the de-centralization of power in the country. Recent advances consist of federal tax credits that encourage off-grid energy storage projects, with most companies looking into maximizing battery storage systems and lowering costs. The U.S. is also investing in microgrid technologies to provide local power generation and storage for important infrastructure and communities.
- China: China, the world leader in energy storage and renewable energy use, has made great advances in off-grid energy storage technology. The country is heavily investing in solar and wind energy, combined with high-capacity battery storage solutions, to overcome energy access limitations in rural and remote areas. Additionally, the government of China has played an important role in supporting off-grid systems through subsidies and policy support for promoting storage system deployment. Several Chinese firms are also developing lithium-ion battery technology, with increased performance and lower costs, making off-grid energy storage cheaper and more convenient.
- Germany: Germany has a rich tradition of renewable energy enthusiasm, and Germany has made considerable strides in mainstreaming off-grid energy storage solutions. The growth of solar power systems, accompanied by efficient energy storage systems, has become central to Germany's energy transition, or Evergreened. The government of Germany continues to fund decentralized energy solutions in the form of funding schemes and incentives, enabling homes, businesses, and even communities to be powered by off-grid systems. Recent advancements have seen improvements in the application of smart grids, which maximize energy storage and distribution, such that excess energy produced during peak hours is stored for future use.
- India: In India, off-grid energy storage systems have emerged as a central component of the solution for delivering secure electricity in rural and underserved regions. As the population increases and electricity demand rises, India is increasingly looking towards decentralized energy solutions. The government of India has launched a number of schemes to encourage off-grid energy storage, including the Pradhan Mantri Sahaj Bijli Har Gha Yojana (Subhaga Scheme), which seeks to provide electricity to every household in rural India. India is also considering the integration of solar microgrids with battery storage to combat energy shortages in far-flung areas and supply stable power for farming, medical care, and schools.
- Japan: Japan is heavily investing in off-grid energy storage systems as part of its plan to increase energy security and decrease its dependence on fossil fuels. Since the 2011 Fukushima nuclear accident, Japan has sped up its transition to renewable energy sources such as solar, wind, and biomass, and energy storage systems have been an important part of this. The government of Japan provides incentives to households and businesses to have off-grid storage systems installed, especially for solar energy systems. Japan is also making progress in the application of new battery technologies, such as sodium-ion and lithium-ion batteries, to enhance the efficiency and longevity of off-grid energy storage systems.
This report answers the following 11 key questions:
- What are some of the most promising, high-growth opportunities for the off-grid energy storage system market by type (lithium-ion battery, lead-acid battery, and others), application (family backup power, industrial UPS, unattended equipment, and others), and region (North America, Europe, Asia-Pacific, and the Rest of the World)?
- Which segments will grow at a faster pace and why?
- Which region will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- What are the business risks and competitive threats in this market?
- What are the emerging trends in this market and the reasons behind them?
- What are some of the changing demands of customers in the market?
- What are the new developments in the market? Which companies are leading these developments?
- Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For more information about this report visit https://www.researchandmarkets.com/r/drmozx
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