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UK Solar Energy and Battery Storage Market
ID: MRFR/EnP/53930-HCR
200 Pages
June 2025
UK Solar Energy and Battery Storage Market Research Report: By Application (Residential, Commercial, Utility), By Battery Type (Lithium-Ion, Lead-Acid, Flow Battery, Nickel-Cadmium), By Technology (Solar Photovoltaic, Concentrated Solar Power, Solar Thermal) andBy End Use (Grid-tied, Off-grid, Hybrid)- Forecast to 2035 UK Solar Energy and Battery Storage Market Overview: As per MRFR analysis, the UK Solar Energy and Battery Storage Market Size was estimated at 4
Industry Developments
In recent developments within the UK Solar Energy and Battery Storage Market, companies such as Greencoat Capital and Lightsource bp are progressing in their project implementations, aiming to enhance renewable energy capabilities. Vattenfall has announced plans to scale its solar portfolio significantly, showcasing its commitment to sustainability. EDF Renewables continues to expand its influence by introducing innovative battery storage solutions aimed at stabilizing the grid during peak times. In terms of mergers and acquisitions, British Solar Renewables was acquired by a foreign entity in May 2023, reflecting growing interest in the UK market from outside investors. Companies like Octopus Energy and RWE Renewables are also witnessing increased market valuations, driven by the growing demand for renewable energy solutions in the UK, which has seen government backing for solar initiatives. Additionally, as of August 2023, TotalEnergies has engaged in partnerships to develop battery storage projects, enhancing operational efficiency and grid stabilization. Over the past few years, regulatory changes have incentivized investment in solar technology and storage capabilities in the UK, further solidifying its position as a leader in renewable energy.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 4.45(USD Billion) |
| MARKET SIZE 2024 | 5.25(USD Billion) |
| MARKET SIZE 2035 | 15.75(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 10.503% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Greencoat Capital, Lightsource bp, Vattenfall, EDF Renewables, Good Energy, British Solar Renewables, Iberdrola, Energiekontor, Octopus Energy, Brookfield Renewable Partners, RWE Renewables, Solarcentury, Sonnen, TotalEnergies, NextEnergy Capital |
| SEGMENTS COVERED | Application, Battery Type, Technology, End Use |
| KEY MARKET OPPORTUNITIES | Residential solar installations rise, Large-scale battery storage demand, Government incentives for solar, Energy storage for EV integration, Off-grid solar solutions growth |
| KEY MARKET DYNAMICS | increasing renewable energy targets, government subsidies and incentives, technological advancements in battery storage, rising electricity prices, growing consumer awareness and demand |
| COUNTRIES COVERED | UK |
FAQs
What is the expected market size of the UK Solar Energy and Battery Storage Market in 2024?
The market is expected to be valued at 5.25 billion USD in 2024.
What is the projected market value for the UK Solar Energy and Battery Storage Market by 2035?
By 2035, the market is anticipated to reach a value of 15.75 billion USD.
What is the compound annual growth rate (CAGR) for the UK Solar Energy and Battery Storage Market from 2025 to 2035?
The market is expected to experience a CAGR of 10.503 percent during this period.
Which application segment is expected to dominate the market, and what are its projected values for 2024 and 2035?
The Utility segment is expected to be dominant, valued at 2.55 billion USD in 2024 and projected to reach 7.65 billion USD by 2035.
What are the expected market values for the Residential and Commercial segments in 2024?
The Residential segment is expected to be valued at 1.5 billion USD and the Commercial segment at 1.2 billion USD in 2024.
Who are the key players in the UK Solar Energy and Battery Storage Market?
Some of the key players include Greencoat Capital, Lightsource bp, and Vattenfall.
What are the anticipated market values for the Residential and Commercial segments by 2035?
The Residential segment is projected to reach 4.5 billion USD and the Commercial segment to 3.6 billion USD by 2035.
What challenges are currently facing the UK Solar Energy and Battery Storage Market?
Challenges include regulatory changes, supply chain disruptions, and fluctuating energy prices.
What growth drivers are influencing the UK Solar Energy and Battery Storage Market?
Key growth drivers include increasing demand for renewable energy, technological advancements, and government incentives.
How does the current global scenario impact the UK Solar Energy and Battery Storage Market?
Current global scenarios may lead to fluctuations in investment and supply chain stability in the market.
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