2025 China Energy Storage Battery Industry Market Outlook Research Report
On March 17, 2025, the China Business Industry Research Institute reported that energy storage batteries, primarily referring to batteries used in solar power and wind power generation, are essential components of energy storage systems. With the high demand in downstream markets, the capacity of this sector is expected to continue expanding.
1. Definition of Energy Storage Batteries
Energy storage batteries are systems designed to store electrical energy by converting it into chemical energy. They can store electrical charge and release it when needed. The main technologies currently used for energy storage batteries include lithium-ion batteries, lead-acid batteries, sodium-sulfur batteries, and flow batteries. Due to their high energy density and long lifespan, lithium-ion batteries are gradually becoming the predominant technology in electrochemical energy storage.
2. Development Policies for the Energy Storage Battery Industry
The Chinese government has issued a series of policies to guide and support the healthy development of the energy storage battery industry. Key initiatives include the “Action Plan for the High-Quality Development of New Energy Storage Manufacturing” and the “Action Plan for Accelerating the Construction of a New Power System (2024-2027).” These policies provide a clear and broad market outlook for the industry.
3. Current Status of the Energy Storage Battery Industry
1. New Energy Storage Installation Scale
China is rapidly advancing the high-quality development of new energy storage solutions to enhance the regulating role of various storage types in the power system. According to the “2025-2030 Deep Analysis and Development Trend Report of China’s New Energy Storage Industry,” it is projected that the new energy storage installation scale in China will exceed 70GW in 2024, with an expected total reaching 131.3GW by 2025.
2. Market Share of New Energy Storage Technologies
In recent years, numerous new technologies have emerged in the energy storage sector, with lithium-ion batteries dominating the market. As of the end of 2023, lithium-ion batteries accounted for 97.3% of the market share, followed by lead-acid batteries at 1.2%, flow batteries at 0.6%, and supercapacitors at 0.1%.
3. Global Energy Storage Battery Shipment Volume
With the continuous growth of wind and solar installations and the acceleration of 5G base station construction, global shipments of energy storage lithium batteries are rising rapidly. In 2024, global shipments are expected to reach 301GWh, a 62% increase from 2023, with projections of 451.5GWh by 2025.
4. China’s Energy Storage Battery Shipment Volume
As a result of the “dual carbon” goals and supportive policies, China’s energy storage battery shipments are experiencing explosive growth, projected to reach approximately 216GWh in 2024, with a compound annual growth rate of 91.68% over the past five years. By 2025, this figure is expected to rise to 324GWh.
5. Major Companies’ Shipment Volume Share
Among the companies in this sector, CATL, BYD, EVE Energy, and others dominate the market, collectively accounting for 71% of global energy storage battery shipments. CATL leads with a shipment volume of 110GWh, representing 36.5% of the market.
4. Key Companies in the Energy Storage Battery Industry
1. CATL
Founded in 2011, CATL is a leading global company in the research, production, and sales of power and energy storage batteries. With production bases in various locations, including Ningde and Qinghai in China, and strategic expansions in Germany and Hungary, CATL reported a revenue of 259.045 billion yuan in the first three quarters of 2024, a decrease of 12.09% year-on-year.
2. EVE Energy
Established in 2001, EVE Energy entered the storage sector in 2016 and has a dedicated storage division. The company operates production bases in China and has established overseas bases in Hungary and Malaysia. In 2024, EVE Energy reported total revenue of 34.049 billion yuan, a decline of 4.16% year-on-year.
3. BYD
BYD has been involved in energy storage research since 2008 and has established multiple production bases globally. In 2024, BYD achieved a revenue of 502.251 billion yuan, an increase of 18.9% year-on-year.
4. Zhongxin Innovation
Zhongxin Innovation specializes in lithium-ion batteries, battery management systems, and energy storage solutions. In the first half of 2024, the company reported a total revenue of 12.469 billion yuan, a 1.4% increase from the previous year.
5. Guoxuan High-Tech
Guoxuan High-Tech focuses on lithium iron phosphate materials, battery packs, and energy storage systems. In 2024, the company achieved a revenue of 25.175 billion yuan, a 15.6% year-on-year increase.
5. Future Development Prospects for the Energy Storage Battery Industry
1. Policy Support
In recent years, both national and local governments have implemented a variety of policies to promote the development of the energy storage battery industry, providing strong policy support for safety, technology, and market applications.
2. Growing Market Demand
As global reliance on renewable energy increases, along with rising storage demands in electrical systems, the market size for energy storage batteries is expected to grow continuously. Global shipments are projected to rise from 301GWh in 2024 to 1400GWh by 2030.
3. Diversified Application Scenarios
The application scenarios for energy storage batteries are expanding beyond traditional power storage to include household storage, communication storage, and portable storage solutions. This diversification presents new market opportunities in various sectors, including integrated solar storage systems and electric transportation.
For further information, please refer to the “2025-2030 China Energy Storage Battery Market Research and Investment Strategy Consulting Report” by the China Business Industry Research Institute, which also offers a range of consulting services including industry data, research reports, and feasibility studies.
