The market for commercial and industrial energy storage is expanding rapidly.  It is projected that by 2025, the global cumulative installed capacity will reach 11.5 GW, with a market size between 19 and 24 billion RMB. The Chinese market is particularly prominent, with an expected installed capacity of 3.2 GW by 2025 and a market size of approximately 6.5-8 billion RMB, representing a compound annual growth rate of 28.7% from 2023 to 2030.

I. Global Market Landscape

Regional Concentration: The US, China, Germany, and Japan account for 79% of global installed capacity, with the US and China potentially exceeding 50% by 2025.

Growth Drivers: Policy support and cost reductions are driving market growth, with 1.5 GW of new installations globally in 2023 and an expected 11.5 GW by 2025.

II. Chinese Market Performance

Policy-Driven: High peak-valley price differences and subsidies in Zhejiang, Guangdong, and Jiangsu provinces are driving project activity.

Technological Breakthroughs: From January to April 2025, user-side energy storage connected to the grid reached 0.696 GW/1.775 GWh, a year-on-year increase of 32%.

Cost Advantages: Market prices are 0.6-0.7 RMB/Wh, with leading brands commanding a premium, and BOM costs around 0.534 RMB/Wh.

III. Future Trends

Scale Expansion: The global market size will reach 19-24 billion RMB by 2025, with the Chinese market reaching 6.5-8 billion RMB.

Technological Iteration: The application of new technologies such as solid-state batteries may change the market landscape.

Policy Benefits: Time-of-use pricing mechanisms and subsidy policies will continue to drive installation growth.

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