Off Grid Energy Storage Systems Market Report 2026

The off grid energy storage systems market size has grown rapidly in recent years. It will grow from $11.06 billion in 2025 to $12.54 billion in 2026 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to expansion of rural electrification initiatives, increased use of diesel generator backups, early adoption of lead-acid battery storage, growth of remote industrial operations, limited grid access in developing regions.

The off grid energy storage systems market size is expected to see rapid growth in the next few years. It will grow to $20.8 billion in 2030 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increasing adoption of lithium-ion and flow batteries, rising demand for resilient power systems, expansion of off-grid renewable installations, growing investments in smart energy storage solutions, increasing focus on long-duration storage technologies. Major trends in the forecast period include increasing adoption of battery-based off-grid systems, rising deployment of solar-plus-storage solutions, growing focus on energy independence, expansion of hybrid storage technologies, enhanced integration of smart energy management.

The growing adoption of renewable energy sources is expected to drive the growth of the off-grid energy storage systems market in the coming years. Renewable energy sources, including solar, wind, and hydropower, can be naturally replenished over time. The increased adoption of renewable energy is driven by social contagion, decentralized energy generation, corporate commitments, heightened public health awareness, and climate change mitigation efforts. Off-grid energy storage systems improve the reliability and efficiency of renewable energy sources by storing surplus energy produced during peak generation periods, which can later be used when renewable resources are less available, ensuring a stable and dependable energy supply. For instance, in December 2024, according to Eurostat, a Luxembourg-based government agency, renewable energy accounted for 24.5% of the energy consumed in the EU in 2023, up from 23% in 2022. Therefore, the increasing adoption of renewable energy sources is driving the off-grid energy storage systems market.

Key companies in the off-grid energy storage systems market are concentrating on developing innovative solutions, such as eco-friendly backup power systems, to boost energy independence, enhance system efficiency, and offer reliable power solutions in remote or underserved regions. Eco-friendly backup power systems provide a sustainable and dependable alternative to conventional power systems by harnessing renewable energy sources such as solar and wind, along with advanced energy storage technologies. For instance, in September 2023, BLUETTI Inc., a US-based company, introduced the EP800 & B500 off-grid energy storage system. The EP800 is capable of delivering a maximum continuous output of 7,600W at either 120V or 240V, enabling it to power multiple high-demand appliances simultaneously, including air conditioners, heaters, and power tools. It stands out as a cost-effective and eco-friendly backup power solution that utilizes renewable energy and produces zero harmful emissions, thus promoting a sustainable future.

In September 2023, Japan Industrial Partners Inc., a private equity firm based in Japan, acquired Toshiba Corporation for $13.5 billion. This acquisition represents a strategic move by Japan Industrial Partners to enhance its portfolio by incorporating Toshiba's expertise in off-grid energy storage systems. Toshiba Corporation is a Japan-based company specializing in providing off-grid energy storage systems.

Major companies operating in the off grid energy storage systems market are Tesla Inc., BYD Company Ltd., Amperex Technology Ltd., LG Chem Ltd., Mitsubishi Heavy Industries Ltd., ABB Ltd., Toshiba Inc., NEC Energy Solutions Inc., Samsung SDI Co. Ltd., Tianneng Battery Group Co. Ltd, Panasonic Corporation, EnerSys Inc., CALB Co. Ltd., Enphase Energy Inc., SAFT SA, SMA Solar Technology AG, Sonnen Group, Fronius International GmbH, Zen Energy Pty Ltd., Aquion Energy Inc.

North America was the largest region in the off grid energy storage systems market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the off grid energy storage systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the off grid energy storage systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The off-grid energy storage systems market consists of revenues earned by entities by providing services such as backup power and uninterruptible power supply, charge management, frequency regulation and ancillary services, load management, and peak shaving. The market value includes the value of related goods sold by the service provider or included within the service offering. The off-grid energy storage systems market also includes sales of inverters, charge controllers, energy management systems, and thermal storage systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.