Price of residential battery storage in Europe drops
The sector continues to benefit from falling battery prices. A significant drop in lithium prices, combined with intensified competition
For the entire year, analysts expect more than 1 million photovoltaic home storage systems to be installed across Europe, with demand increasing further in the second half of the year. “Growing interest in dynamic electricity tariffs and increased self-consumption are expected to boost demand among homeowners,” said EUPD Research.
One driver was falling prices, with EUPD Research reporting an average €711 ($833)/kWh in the first half of the year. From ESS News Demand for residential battery storage systems with up to 20 kWh of capacity remained stable in Europe in the first half of 2025. However, the picture is mixed.
However, given the continued decline in storage prices, continued growth is expected in Europe as a whole. The European home storage market is highly competitive among manufacturers.
The European home storage market is highly competitive among manufacturers. According to surveys by EUPD Research, BYD maintained its leading position in Europe in 2024 with a market share of around 20%, which is expected to increase to 21% this year.
PDF version includes complete article with source references.
Get technical specifications, application guides, and ROI analysis tools for containerized power stations, portable photovoltaic containers, and microgrid energy storage solutions.
18 Industrial Park Road, Midrand
Johannesburg, South Africa 1685
Sales & General: +27 11 568 3400
Technical Support: +27 82 459 7781
Monday - Friday: 8:00 AM - 6:00 PM SAST
Saturday: 8:00 AM - 2:00 PM SAST