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Core Viewpoint - The article discusses the upcoming 2025 Fifth Electric Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit, highlighting the growth and trends in the global home energy storage market, particularly focusing on the data and forecasts provided by SPIR and overseas energy research institutions [2][18]. Summary by Sections Event Details - The event will take place on July 10-11, 2025, at the Shenzhen Baoan DENGXILU International Hotel, organized by Qidian Lithium Battery, Qidian Sodium Battery, and Qidian Two-Wheeled Vehicles and Battery Swap [2]. Global Home Energy Storage Market Overview - In 2024, the global home energy storage shipment volume is projected to reach 27.8 GWh, marking a 19% year-on-year increase. The market is expected to grow to 180 GWh by 2030, representing a 547% increase from 2024 [2][4]. Regional Market Analysis - **Europe**: In 2024, Europe is expected to ship 13 GWh of home storage, a 10% decline year-on-year. Key factors for this decline include falling electricity prices, reduced subsidies, and slower photovoltaic installations [5][6]. - **United States**: The U.S. market is projected to ship 3.5 GWh in 2024, a 48% increase, driven by tax credits, state subsidies, extreme weather, and rising electricity prices [6][10]. - **Ukraine**: Ukraine's home storage market is expected to grow rapidly, with shipments reaching 2.5 GWh in 2024, driven by infrastructure damage and rising electricity prices [7][9]. - **Japan**: Japan's home storage shipments are projected at 2 GWh in 2024, a 38% increase, supported by government subsidies and the expiration of feed-in tariff contracts [10][11]. - **Australia**: Australia is expected to ship 1.5 GWh in 2024, with growth driven by rising electricity prices and federal subsidy programs [12][13]. - **Africa**: Africa's home storage market is projected to reach 1.2 GWh in 2024, with South Africa leading and Nigeria emerging as a significant player [14][15]. Key Drivers of Demand - The demand for home energy storage is driven by factors such as rising electricity prices, government subsidies, and the need for energy security in regions with unreliable power infrastructure [6][7][14]. Chinese Market Insights - China is expected to dominate the global home energy storage market with a shipment volume of 21 GWh in 2024, accounting for 75% of the global total. The top ten companies in this sector include Huawei, BYD, and Airo Energy [16][17].