China Energy Storage Market Analysis Report 2024 (March 2025)
In order to focus on the integrated development of the global photovoltaic, energy storage and hydrogen energy industry, the Asian Photovoltaic Industry Association (APVIA), together with the Global Green Energy Industry Council (GGEIC), the New Energy Industry Association for Asia and the Pacific (NEIAAP), and the Shanghai New Energy Industry Association (SNEIA), have jointly initiated the compilation of a brief report on the development of the photovoltaic, energy storage and hydrogen energy industry. It provides quarterly in-depth analysis of market dynamics in China, Japan, Korea, Southeast Asia, America and other key regions around the world, covering core dimensions such as policy guidance, technological breakthroughs, market scale, competitive landscape and business opportunities. Relying on the professional insights and global resources of the four organizations, we are committed to providing references for governmental decision-making, corporate strategic layout and investment judgment, assisting technological innovation and industrial synergy in the industry, and promoting global green energy cooperation and market expansion, so that we can move towards a carbon-neutral future together.
Main Content:
China Energy Storage Market Analysis Report 2024 (March 2025) systematically reviews the 2024 development status of China's energy-storage sector from six perspectives: market backdrop, industrial chain structure, competitive landscape, technology evolution, policy environment, and market challenges. In 2024, China's energy-storage market sustained rapid expansion, with the annual market size estimated at RMB 297.3 billion. Chinese companies shipped 345.8 GWh of battery storage systems—93.5 % of global shipments, up 2.6 percentage points year-on-year. By the end of 2024, cumulative installed storage capacity in China reached 132.45 GW. New-type storage accounted for 73.76 GW / 16.8 GWh—about 20 times the level at the end of the 13th Five-Year Plan period and more than 130 % higher than at end-2023. Diversified policy support and continuous technology advancement are jointly accelerating project deployment, providing strong momentum for large-scale industrial growth. Despite remaining challenges, both market size and growth rates are expected to expand further.
Highlights:
Download: China Energy Storage Market Analysis Report 2024 (March 2025)
Note: To obtain a full copy of the China Energy Storage Market Analysis Report 2024 (March 2025) , please contact APVIA's China Liasion.
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