Asia Pacific Lithium-ion Stationary Battery Storage Market Trends and Growth 2034
Asia Pacific Lithium-Ion Stationary Battery Storage Market Size- By Chemistry, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25148 | Pages: 1 - 273 | Formats*: |
| Category : Power & Energy | |||
Asia Pacific Lithium-Ion Stationary Battery Storage Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Lithium-Ion Stationary Battery Storage Market is estimated to reach USD 1184.41 billion by 2034 with a CAGR of 30.56%.
The report includes an in-depth analysis of the Asia Pacific Lithium-Ion Stationary Battery Storage Market, including market size and trends, product mix, Applications, and supplier analysis. The growing use of renewable energy sources like wind and solar requires effective energy storage solutions to manage their intermittency. Battery storage systems are essential for balancing energy supply and demand. Countries such as China and Japan are leading efforts to promote energy storage through strong government policies. Japan, for example, will mandate solar panels on new homes from 2025 and is advancing virtual power plants that integrate household batteries into the grid. Innovations like vanadium redox flow batteries are improving storage efficiency. Across the region, power infrastructure is being upgraded to enhance grid management and support renewable energy integration.
By Chemistry Insights:
industry is segmented by battery chemistry, including LFP, NMC, and others. NMC batteries are projected to lead the market due to their high energy density, making them suitable for compact, efficient storage. Meanwhile, the rise of electric vehicles is influencing the stationary storage sector, as used EV batteries are repurposed. LFP batteries, known for their longer cycle life, enhanced safety, and lower cost, are gaining popularity in grid-scale applications.
By Application Insights:
The Asia Pacific lithium-ion stationary battery storage market is divided into grid services, behind the meter (BTM), and off-grid applications. The BTM segment is poised to dominate, driven by growing installations in commercial and residential buildings. These systems enable on-site energy storage, reducing reliance on the grid. The rising adoption of rooftop solar panels is further boosting demand for BTM solutions. Off-grid battery storage is gaining traction in remote and rural areas lacking grid access, often paired with renewable energy sources like solar to ensure consistent and reliable electricity supply.
Regional Insights
China's lithium-ion stationary battery storage industry has seen significant growth, supported by strong manufacturing capabilities and the presence of leading battery producers like BYD and CATL. This has reinforced the supply chain, ensuring cost-effective and reliable access to energy storage systems. Technological advancements, including improved battery cycle life, higher energy density, and declining costs, have made storage more efficient and affordable for residential and commercial use. In Japan, the shift toward decentralized renewable energy after the nuclear crisis has spurred demand for home storage systems, supported by government incentives and national virtual power plant initiatives.
Market Competitive Landscape
The Asia Pacific Lithium-Ion Stationary Battery Storage Market is moderately fragmented. Some key players are- BYD Company, Contemporary Amperex Technology, Exide Technologies, GS Yuasa International, Hitachi Energy, HOPPECKE Batterien, Johnson Controls, LG Energy Solution, Panasonic Corporation, SAMSUNG SDI, Siemens Energy, SK Innovation, Tesla, Toshiba Corporation.
Recent Developments:
In April 2025, SK Innovation announced plans to invest up to USD 1.1 hundred billion in expanding its facility in Seosan City, South Korea. The expansion includes the establishment of a smart factory and enhancements to manufacturing processes aimed at increasing production speed and improving processing accuracy.
In January 2025, BYD signed an agreement with the Saudi Electricity Company to supply five 500 MW/2,500 MWh battery storage systems across Saudi Arabia, totaling 12.5 GWh. The contracts are intended to enhance grid stability and support the integration of renewable energy into the national power system.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Chemistry, By Application |
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | BYD Company, Contemporary Amperex Technology, Exide Technologies, GS Yuasa International, Hitachi Energy, HOPPECKE Batterien, Johnson Controls, LG Energy Solution, Panasonic Corporation, SAMSUNG SDI, Siemens Energy, SK Innovation, Tesla, Toshiba Corporation. |
Key Topics Covered in the Report
- Asia Pacific Lithium-Ion Stationary Battery Storage Market Size (FY’2021-FY’2034)
- Overview of Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Segmentation of Asia Pacific Lithium-Ion Stationary Battery Storage Market By Chemistry (LFP, NMC, Others)
- Segmentation of Asia Pacific Lithium-Ion Stationary Battery Storage Market By Application (Grid services, Behind the meter, Off grid)
- Statistical Snap of Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Expansion Analysis of Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Problems and Obstacles in Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Competitive Landscape in the Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Details on Current Investment in Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Competitive Analysis of Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Prominent Players in the Asia Pacific Lithium-Ion Stationary Battery Storage Market
- SWOT Analysis of Asia Pacific Lithium-Ion Stationary Battery Storage Market
- Asia Pacific Lithium-Ion Stationary Battery Storage Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPER’s internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Asia Pacific Lithium-Ion Stationary Battery Storage Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Lithium-Ion Stationary Battery Storage Market
7.Asia Pacific Lithium-Ion Stationary Battery Storage Market, By Chemistry (USD Million) 2021-2034
7.1.LFP7.2.NMC7.3.Others
8.Asia Pacific Lithium-Ion Stationary Battery Storage Market, By Application (USD Million) 2021-2034
8.1.Grid services8.2.Behind the meter8.3.Off grid
9.Asia Pacific Lithium-Ion Stationary Battery Storage Market, (USD Million) 2021-2034
9.1.Asia Pacific Lithium-Ion Stationary Battery Storage Market Size and Market Share
10.Asia Pacific Lithium-Ion Stationary Battery Storage Market, By Region, (USD Million) 2021-2034
10.1.Australia10.2.China10.3.India10.4.Japan10.5.South Korea10.6.Rest of Asia-Pacific
11.Company Profile
11.1.BYD Company
11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments
11.2.Contemporary Amperex Technology
11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments
11.3.Exide Technologies
11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments
11.4.GS Yuasa International
11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments
11.5.Hitachi Energy
11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments
11.6.HOPPECKE Batterien
11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments
11.7.Johnson Controls
11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments
11.8.LG Energy Solution
11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments
11.9.Panasonic Corporation
11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments
11.10.SAMSUNG SDI
11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments
11.11.Siemens Energy
11.11.1.Company details11.11.2.Financial outlook11.11.3.Product summary11.11.4.Recent developments
11.12.SK Innovation
11.12.1.Company details11.12.2.Financial outlook11.12.3.Product summary11.12.4.Recent developments
11.13.Tesla
11.13.1.Company details11.13.2.Financial outlook11.13.3.Product summary11.13.4.Recent developments
11.14.Toshiba Corporation
11.14.1.Company details11.14.2.Financial outlook11.14.3.Product summary11.14.4.Recent developments
11.15.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Lithium-ion Stationary Battery Storage Market is projected to reach USD 1184.41 billion by 2034, growing at a CAGR of 30.56% during the forecast period.
Asia Pacific Lithium-ion Stationary Battery Storage Market size from 2025. The Market is expected to reach USD 1184.41 billion by 2034, at a CAGR of 30.56% during the forecast period.
Asia Pacific Lithium-ion Stationary Battery Storage Market CAGR of 30.56% during the forecast period.
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Asia Pacific Lithium-ion Stationary Battery Storage Market size is USD 1184.41 billion from 2025 to 2034.
Asia Pacific Lithium-ion Stationary Battery Storage Market covered By Chemistry, By Application
The North America is anticipated to have the highest Market share in the Asia Pacific Lithium-ion Stationary Battery Storage Market.
BYD Company, Contemporary Amperex Technology, Exide Technologies, GS Yuasa International, Hitachi Energy, HOPPECKE Batterien, Johnson Controls, LG Energy Solution, Panasonic Corporation, SAMSUNG SDI, Siemens Energy, SK Innovation, Tesla, Toshiba Corporation.
The report includes an in-depth analysis of the Asia Pacific Lithium-Ion Stationary Battery Storage Market, including market size and trends, product mix, Applications, and supplier analysis.
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