Data Source: Shenzhen New Energy Storage Industry Association White Paper
The global installed capacity of new energy storage will grow at a compound annual rate of 22% in the next five years
In 2025, the installed capacity of new energy storage in Europe is expected to return to the rapid growth channel, and new markets such as the Middle East and Africa will continue to grow at a high speed. Affected by the release of China's Document No. 136 (Development and Reform Price (2025) No. 136), Trump's weakening clean energy policy and high tariff policy, Bloomberg predicts that the speed of new installations in China and the United States will slow down in 2025. With the completion of the market-oriented reform of electricity, the business scenarios and profit models of China's new energy storage will be richer and clearer. China's new energy storage will resume its rapid growth, driving the rapid growth of global new energy storage. Bloomberg predicts that by 2030, global installations are expected to achieve a compound growth rate of 22%.
Figure 15 Global new energy storage installed capacity outlook (Source: Bloomberg Finance)
1.8.2 China, the United States and Europe are still the main markets, and the Middle East and Africa and other regions are rising strongly
The three major markets of China, the United States and Europe will maintain steady growth, and emerging markets represented by the Middle East and Africa will begin to grow rapidly. The decline in costs will accelerate the energy storage into an era of global market diversification.
1.8.3 The demand for long-term energy storage will gradually emerge
The long-term energy storage industry has developed rapidly in recent years and has become one of the key technologies in the global energy transformation. As the proportion of renewable energy generation continues to rise, long-term energy storage is regarded as the core means to solve the problem of energy intermittency. It can balance the supply and demand of the power grid within hours to days and improve the stability and flexibility of the power system. At present, technologies such as lithium batteries, flow batteries, and compressed air energy storage are gradually maturing, and countries have also increased their policy support and investment in long-term energy storage projects.
In summary, the global new energy storage market mainly presents the following characteristics:
(1) Affected by energy transformation, electricity marketization, and making up for weak grids and regional power shortages Hongqudong believes that the global new energy storage market will continue to grow in the future;
(2) Affected by the US tariffs and European carbon tax policies, competition in the European and American energy storage markets will become more intense;
(3) With the accelerated development of renewable energy in emerging markets such as the Middle East and Africa, the new energy storage market will grow rapidly;
(4) Chinese companies should pay close attention to changes in overseas markets: from being dominated by Europe and the United States to global multipolarization, from providing simple large storage/household storage equipment to providing comprehensive solutions such as isolated grids/microgrids, from the original product export to the overseas production capacity and even providing investment, construction, operation and maintenance full life cycle services, etc. Therefore, energy storage companies need to adjust their overseas strategic layout strategies to better adapt to the new situation in overseas markets.