Market scale and future development trend of China’s energy storage power station industry

China’s energy storage power station industry is an emerging industry with great potential. In recent years, with the strong support of the national and local governments, the energy storage power station industry has developed rapidly.
According to the analysis of the market competition mode analysis and development prospect forecast report of China’s energy storage power station industry from 2023-2029 released by the market research online website, the market scale of China’s energy storage power station industry reached 100 billion yuan in 2016 and 130 billion yuan in 2017. In 2018, the market size of China’s energy storage power station industry reached 180 billion yuan, an increase of 80%. With the increasing investment of the country, the market size of China’s energy storage power station industry will reach 300 billion yuan in 2020 and 400 billion yuan in 2022.

In addition, the future development of China’s energy storage power station industry will be jointly promoted by government policies, technological innovation and market demand. The government policy will continue to support the development of the energy storage power station industry to promote the investment, construction, operation and management of the energy storage power station and accelerate the development of the energy storage technology. Technological innovation will bring more development opportunities for the energy storage power station industry, such as the development and application of new energy storage technologies, and the development and operation of more intelligent energy storage systems. In addition, with the continuous popularization of renewable energy power generation, the market demand for energy storage power stations will continue to grow, bringing more development opportunities for the energy storage power station industry.

To sum up, the market size of China’s energy storage power station industry is growing rapidly, and the future development prospects are also very promising. Government policies, technological innovation and market demand will continue to promote the development of China’s energy storage power station industry and enhance its market competitiveness. At the same time, when investing and developing the energy storage power station industry, enterprises should also strengthen the research on new technologies and seize new opportunities to maintain the leading edge of the industry and promote the sustainable development of China’s energy storage power station industry