The global solar energy storage market was valued at USD 14.34 Billion in 2025. The industry is expected to grow at a CAGR of 7.60% during the forecast period of 2026-2035 to attain a valuation of USD 29.83 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
7.6%
Value in USD Billion
2026-2035
*this image is indicative*
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
| Global Solar Energy Storage Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 14.34 |
| Market Size 2035 | USD Billion | 29.83 |
| CAGR 2019-2025 | Percentage | 7.60% |
| CAGR 2026-2035 | Percentage | 61.0% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 70.3% |
| CAGR 2026-2035 - Market by Country | India | 75.2% |
| CAGR 2026-2035 - Market by Country | China | 67.4% |
| CAGR 2026-2035 - Market by Storage Material | Molten Salt | 67.1% |
| CAGR 2026-2035 - Market by End Use | Residential and Commercial | 68.3% |
| Market Share by Country 2025 | UK | 3.6% |
The solar energy storage is referred to as the device which works by discarding excess electricity and then storing it. The market is segmented based on storage materials, technology, applications, and end-uses.
Based on the storage material, the industry is segmented into:
Based on technology, the industry is categorised into:
Based on applications, the industry is divided into:
Based on end-uses, the industry is divided into:
The EMR report looks into the regional markets of solar energy storage like:
The global solar energy storage market is being driven by the escalated energy demand globally. The industry is further enhanced by the rising investments in renewable energy sources. China and the United States represent the largest energy demand. The industry growth is expected to be enhanced by the predicted demand from the emerging economies. The electrification of transportation and heat sector, the digitalization of modern economies, and an increase in the number of electronically connected devices is expected to accelerate the industry growth of solar energy storage. The industries are adopting electric motor systems, further propelling the industry growth.
| CAGR 2026-2035 - Market by | Country |
| India | 75.2% |
| China | 67.4% |
| UK | 55.8% |
| USA | 54.4% |
| Germany | 50.2% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 42.0% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The report presents a detailed analysis of the following key players in the global solar energy storage market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is estimated to grow at a CAGR of 7.60% between 2026 and 2035.
The major market drivers include the growing demand for energy across the globe, the rising adoption of electric motor systems, and the surging investments in renewable energy sources in both developed and developing countries.
The key trends guiding the market include the electrification of heat and transportation sector, the increasing number of electronically connected devices, and the digitalisation of modern economies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major storage materials considered in the market report are water, molten salt, and PCM, among others.
The various technologies of solar energy storage considered in the market report include sensible heat, latent heat, and thermochemical, among others.
The significant applications of solar energy storage in the market are power generation, district heating and cooling, and process heating and cooling.
The several end uses of solar energy storage include residential and commercial, industrial, and utility.
The major players in the market are BYD Motors Inc., LG Chem, EnerSys, Leclanché, Saft, and Adara Power, among others.
In 2025, the market attained a value of nearly USD 14.34 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 29.83 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Storage Material |
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share