Asia-Pacific (excluding China) distributed energy storage outlook 2026

Distributed energy storage capacity across Asia-Pacific is forecast to reach 49 GW / 109 GWh by 2035 - a 17% annual growth rate that cements distributed storage as an increasingly critical enabler of Asia-Pacific's energy transition. Solar saturation is redirecting investment toward storage in the region's most mature markets, while grid flexibility pressures and corporate decarbonisation commitments are pulling C&I adoption faster than expected. China's VAT export rebate phase-out adds a further layer of complexity, introducing pricing dynamics that test procurement strategies across the region. Not all markets are moving at the same pace - understanding those differences is where the real opportunity lies. This year's report covers 14 markets across APeC and introduces Bear, Base, and Bull scenarios for the top four markets, giving clients a sharper view of how policy continuity, tariff reform, and supply chain developments could reshape the outlook over the next decade.