Mar 24, 2025
According to public data from Gaogong Industry Research Institute, the total shipments of China's energy storage market in 2024 will be 337.8GWh, a year-on-year increase of 64% compared to the total shipments of 206GWh in 2023. From the distribution of shipments in the market segments, the power storage market is still the main market, with a shipment share increase of nearly 7%, reaching 88% of the total share.
In terms of power storage, around March 2024, the 280Ah same-size battery cell 314Ah will gradually be mass-produced, and the 314Ah battery cell and the corresponding 20-foot 5MWh container will accelerate the penetration of the power storage market, with an annual penetration rate of over 40%, of which the highest monthly shipment penetration rate exceeds 90%. It is expected that the 314Ah battery cell will completely replace the 280Ah in 2025. In addition, the total capacity of energy storage batteries is 610GWh, of which the 280Ah and 314Ah cells with a specification of 71*173*207mm have a total capacity of 440GWh, which is expected to increase to more than 530GWh by 2025.
In February 2025, Gaogong officially released the list of energy storage lithium batteries in 2024:
In terms of communication energy storage, in 2024, only China Mobile Communications will bid for a centralized procurement of 1.19GWh lithium iron phosphate batteries. Therefore, in 2024, the energy storage lithium battery will only be 1.19GWh, a year-on-year decline of more than 85%.
In terms of household energy storage, since the general distribution capacity of household energy storage systems is 5~10kWh, the market is still dominated by 50Ah~100Ah cells, among which the more popular cell products are 50*160*118mm in size. In 2024, the shipment volume of household energy storage batteries will be 24.9GWh, a year-on-year increase of 24.5%, most of which will be sold to Europe.
In terms of portable energy storage, the portable energy storage market will shrink relatively in 2024, with annual shipments of 2.81GWh, a year-on-year decrease of nearly 30%, mainly affected by the overall market involution and the low technical threshold of portable energy storage products.
In terms of industrial and commercial energy storage, the industrial and commercial energy storage market will ship 11.8GWh in 2024, a year-on-year increase of 68.6%. Usually, when industry statistics are compiled, industrial and commercial data are generally attributed to power energy storage. The reason is that the usage attributes are consistent, all of which are derived from power dispatching needs, and the battery products used are consistent. Generally, 71*173*207mm battery cells and 1P52S battery packs are used, which are the same as power energy storage. There are only differences in application scenarios and operators. After the release of the "cancellation of mandatory storage" policy, the power storage market may be market-oriented. Then, whether for operator considerations or cost considerations, industrial and commercial energy storage may directly introduce 20-foot container-type [currently outdoor cabinet-type] to reduce costs.