Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The global energy transition is significantly driven by the increasing share of renewable energy, which is projected to reach 63.6% of total installed capacity by 2029, up from 43.8% in 2023 [16] - The solar photovoltaic (PV) segment is the fastest-growing renewable energy source, with a projected CAGR of 24.4% from 2024 to 2029 [21] - The energy storage system (ESS) market is expected to see substantial growth, with annual shipments projected to reach 793.0 GWh by 2029, reflecting a CAGR of 31.1% from 2024 to 2029 [51] Chapter Summaries Chapter 1: Overview of Global Solar Photovoltaic Market - The share of renewable energy in global electricity generation increased from 25.2% in 2019 to 29.1% in 2023, expected to reach 45.0% by 2029 [16] - The cumulative installed capacity of solar PV grew from 586 GW in 2019 to 1,467 GW in 2023, with a CAGR of 25.8% [25] - The global solar PV market is driven by dual carbon goals, ESG criteria, energy security, technological improvements, rising electricity demand, government incentives, and international cooperation [26] Chapter 2: Overview of Global Energy Storage System Market - Energy storage systems (ESS) are categorized into mechanical, electromagnetic, electrochemical, thermal, and chemical storage technologies [36] - The demand for ESS is increasing due to the need for stability in energy prices and the intermittency of renewable energy sources [36] - The global ESS market is expected to grow significantly, driven by the expansion of renewable energy projects and the need for energy efficiency [51] Chapter 3: Development of the Global Fully Modular Energy Storage Solution Market - Fully modular energy storage solutions are gaining traction due to their advantages over traditional non-modular systems, including flexibility and efficiency [29] - The market for fully modular energy storage systems is expected to expand as technological advancements continue to improve performance and reduce costs [29] Chapter 4: Global Fully Modular Energy Storage Market: Competition & Case Studies - The report provides an overview of key players in the fully modular energy storage market, highlighting competitive dynamics and case studies [34]

Core Viewpoint - The 8th Energy Storage Frontier Technology Conference will be held from April 10 to 12, 2025, at the Capital International Exhibition and Convention Center, focusing on cutting-edge technologies and trends in the energy storage sector [1]. Group 1: Conference Overview - The conference will feature a main forum and seven sub-forums covering advanced energy storage materials, AI applications, sodium-ion storage, flow batteries, long-duration storage, short-term high-frequency storage, and hydrogen energy and fuel cells [1][3]. - The event aims to provide a platform for experts and scholars to share research findings and discuss frontier technologies, fostering innovation and addressing industry challenges [1][5]. Group 2: Expert Participation - The conference will be led by seven academicians and over 60 experts from universities and research institutions, sharing the latest research results and industry insights [2][4]. - Notable speakers include academicians from the Chinese Academy of Engineering and the Chinese Academy of Sciences, as well as professors from leading universities [8]. Group 3: Focus Areas - The conference will cover various hot topics in energy storage, including the current research status and future development trends of different energy storage technologies [3][4]. - Specific sessions will address advancements in hydrogen storage, solid-state batteries, sodium-ion batteries, and flow battery technologies, among others [10][15][20]. Group 4: Industry Collaboration - The conference aims to build a platform for collaboration between industry, academia, and research institutions, promoting the transformation of scientific achievements into practical applications [5]. - It will facilitate discussions on high-quality development in the energy storage industry, aligning academic research with industrial needs [5].