中关村储能产业技术联盟·2025-06-17 11:01Core Insights - The global energy storage market is experiencing rapid growth, with new installations expected to reach 74.1GW/177.8GWh in 2024, marking a historical high of 89% in the share of new power storage installations [1][4] - Chinese companies are actively expanding into international markets, with overseas storage orders exceeding 120GWh in the first five months of 2025, a year-on-year increase of 399.74% [1] Group 1: Global Market Overview - By the end of 2024, the cumulative installed capacity of new energy storage will surpass 100GW for the first time, reaching 165.4GW/381.7GWh, representing a year-on-year growth of 81.1%/87.3% [2] - The compound annual growth rate (CAGR) from 2014 to 2024 is projected at 68.6% in terms of power capacity [2] - The lithium-ion battery technology's share of cumulative installed capacity continues to increase, up by 0.6 percentage points compared to the same period in 2023 [2] Group 2: Regional Market Dynamics - The market concentration in the global energy storage sector is rising, with China, the U.S., and Europe accounting for over 90% of new installations in 2024 [6] - China has maintained its position as the leader in new installations for three consecutive years, with the top ten countries in new energy storage installations collectively accounting for 91.1% of the global market [6][8] - The Asia-Pacific region holds seven out of the top ten positions in new installations, contributing 71.0% of the total new capacity among these countries [6] Group 3: Competitive Landscape - The first tier of the market includes China and the U.S., both exceeding 10GW in new installations, with China nearly doubling the combined new capacity of countries ranked 2nd to 10th [9] - The second tier includes Japan and South Korea, which are experiencing a market recovery, with South Korea returning to the top ten due to rapid industrial storage demand [10][14] - Emerging markets, particularly in the Middle East, are beginning to fill gaps in energy storage distribution, with Saudi Arabia making its debut in the rankings [11] Group 4: Future Outlook - The energy storage market is expected to transition from being policy-driven to value-driven as market mechanisms and business models diversify [12] - Emerging regions such as the Middle East, Southeast Asia, and Africa are anticipated to become significant growth markets for global energy storage [12]