The Australia battery market size was valued at USD 1.55 Billion in 2024. The market is further projected to grow at a CAGR of 8.20% between 2025 and 2034, reaching a value of USD 3.41 Billion by 2034.
Base Year
Historical Year
Forecast Year
In 2022, Australia witnessed a surge in battery installations linked to solar systems. 47,100 residential energy storage systems were installed, marking a 55% growth compared to the previous year.
In 2022, there was one battery energy storage system for every seven solar power systems, resulting in a cumulative total of 180,000 Australian homes and businesses equipped with both solar and batteries.
In 2023, Victoria and New South Wales led in the total number of energy storage installations. Tasmania and the Australian Capital Territory (ACT) experienced remarkable growth, installing four times more batteries in 2022 than in 2021.
Value in USD Billion
2025-2034
Australia Battery Market Outlook
*this image is indicative*
The growth of the battery market is primarily fuelled by favourable government policies and incentives, increasing adoption of renewable energy sources, and the rising demand for energy storage solutions across various sectors like automotive, residential, commercial, and industrial applications. Additionally, the accelerating adoption of electric vehicles is contributing to Australia battery market development by driving demand for advanced battery technologies. For instance, the national count of home energy storage systems grew to 1,920 MWh in 2022, which is enough to meet the daily electricity needs of 128,000 typical households.
Moreover, the growing need for energy storage to balance intermittent renewable energy sources, improve grid stability, and provide backup power during outages is a key trend driving the Australia battery market growth. Additionally, advancements in battery technologies, such as improved energy densities and faster charging capabilities, are shaping the market trends and enhancing product offerings. The integration of batteries into smart grids and electric vehicle (EV) charging infrastructure is another significant trend, reflecting the increasing focus on sustainable energy solutions.
Further, lead-acid batteries are widely used in traditional vehicles for starting, lighting, and ignition (SLI) applications. They offer excellent cold-cranking performance and reliability, making them economically viable for mass-market technology in Australia. Lithium-ion batteries dominate the Australia battery market share, especially in the automotive sector due to the increasing demand for electric vehicles (EVs) and grid storage solutions. They offer high-energy density and lightweight properties, making them ideal for modern energy storage needs.
Nickel-cadmium batteries are known for their durability and reliability, commonly used in various applications like portable devices, emergency lighting, and power tools due to their long life and cost-efficiency. Lithium-titanate-oxide batteries have emerged as the fastest-growing product in the battery market. Their ability to fast charge and innovative features are driving their adoption across various applications, including automotive and energy storage systems. Zinc-manganese dioxide batteries are commonly used in electronic devices like cameras, watches, and toys due to their reliable power supply. Nickel-ion batteries offer a reliable power source for various applications such as aerospace, electronics, and industrial equipment due to their durability.
Australia Battery Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
Market players are focused on providing premium quality of silica sand across industries to stay ahead in the competition.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 1.55 Billion.
The market is expected to grow at a CAGR of 8.20% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 3.41 Billion by 2034.
The market is being driven due to emergence of lithium-ion batteries, favourable government policies and incentives, and rising demand for energy storage solutions across various sectors like automotive, residential, commercial, and industrial applications.
Increasing adoption of renewable energy sources and the accelerating adoption of electric vehicles is contributing to market expansion by driving demand for advanced battery technologies.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of batteries include portable batteries, industrial batteries, automotive batteries, and consumer electronics, among others.
Based on product, the market segmentations include lead acid battery, nickel cadmium battery, lithium-ion battery, nickel metal hydride battery, lithium titanate oxide (LTO) battery, zinc-manganese dioxide battery, nickel-ion battery, among others.
Key players in the market are Magnis Energy Technologies Limited, Lithium Batteries Australia, Energy Renaissance Pty Ltd., Battery Energy Power Solutions Pty Ltd., Century Yuasa Batteries Pty Ltd., Sun Brilliance Pty Ltd., Smart Battery Technologies Pty Ltd., and Master Instruments Pty Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Australia
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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