Zhong Guo Jing Ying Bao·2025-11-07 20:12Core Insights - The global energy storage market is experiencing explosive growth, driven by increasing demand as energy storage becomes essential for stabilizing and regulating power systems [3][4][5] - Major companies in the energy storage sector are reporting significant revenue increases, with forecasts predicting a nearly 50% growth in the global energy storage market by 2026 [3][10] Industry Overview - Energy storage is recognized as a core value in the power system, with its role as a "stabilizer" and "regulator" becoming increasingly important [3] - The synergy between renewable energy and energy storage is leading to a "spiral upward" development logic, where increased storage capacity supports further renewable energy growth [3][10] Company Performance - Haibo Sichuang reported a remarkable third-quarter performance in 2025, with revenue of 3.39 billion yuan, a year-on-year increase of 124.42%, and a net profit of 307 million yuan, up 872.24% [4] - Sungrow Power achieved a revenue of 66.4 billion yuan in the first three quarters of 2025, a 33% increase year-on-year, with a net profit of 11.88 billion yuan, up 56% [5] - EVE Energy reported a revenue of 45 billion yuan, a 32.17% increase, with net profit reaching 2.816 billion yuan [5] Market Demand - The demand for energy storage is expected to continue growing, with significant orders reported from overseas markets, particularly in Europe, Australia, and the Middle East [7][10] - The energy storage battery and system integration sectors are seeing a surge in orders, with Chinese companies securing 308 overseas energy storage orders totaling 214.7 GWh in the first nine months of the year, a 131.75% increase year-on-year [7] Future Projections - Analysts predict that the energy storage market will maintain a high growth trajectory into 2026, with a shift in demand structure towards longer-duration storage solutions [9][10] - The market is expected to see a significant increase in demand for AIDC (AI Data Center) energy storage systems, with a transition from "demand explosion" to "scale deployment" anticipated [9] Competitive Landscape - Companies in the solar energy sector, such as Trina Solar and JinkoSolar, are increasingly focusing on energy storage as a new growth point to enhance profitability amid pressures in the solar market [10][11] - Trina Solar has set a target of 8 GWh for energy storage shipments in 2025, with plans to double this figure in 2026 [11][12]