SolarPower Europe – European Market Outlook for Battery Storage, 2025-2029

Summary

The main theme of the report is the analysis of the energy storage market in Europe for the period 2025-2029.

Key findings include: Despite record installations in 2024, there was a significant market growth slowdown. Demand is expected to recover in 2025, given the right policies. A sixfold increase in BESS (battery energy storage systems) in Europe is forecasted by 2029, leading to an increase in total capacity to 400 GWh. In 2024, 22 GWh of new BESS were deployed, accounting for one-third of the total installed batteries in Europe. The main growth was driven by residential solar and storage systems, but with falling retail energy prices and reduced incentive programs, this growth slowed. Utility-scale BESS now make up 40% of the market, offsetting the decline in the residential sector. The market remains concentrated in Germany, Italy, and the United Kingdom, which accounted for over two-thirds of demand in 2024.

Region: European Union

Published: June 2025

Author(s): SolarPower Europe

Language: English

Tech drivers: AI Social Media Standards and interoperability

Social drivers: Mindfulness Pandemics Sustainability and ethics

Geopolitical drivers: Economic conditions Political instability and conflicts Regulatory changes Workforce availability

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