Liuyang - Hunan - China
+86-731-83219796
fengri@fengri.com
General overview of electrochemical energy storage industry in China
Classification: Industry Focus
Release time: 2025-07-09
Summary:
Since 2018, the domestic energy storage industry has shown an explosive development trend. The total installed capacity is expected to reach 4 gigawatts in 2021-2025, at 5.12 GW (5117.1 MW).
As mentioned earlier, the United States, China, and Europe have occupied the top three positions in new electrochemical storage devices in recent years. The United States has 6,361.7 megawatts of storage in 2021, while China has 5117.1 megawatts of storage. However, compared with downstream applications worldwide, the proportion of domestic energy storage and industrial and commercial energy storage in China is obviously very low, and the market is still to be developed.
In the investment cost of electrochemical energy storage systems, battery packs account for about 66%, energy storage converters (PCS) account for about 12%, and battery management systems (BMS) and energy management systems (EMS) combined account for about 12%. These are also some of the market components that will be highlighted below.
From the point of view of unit energy consumption, the battery accounts for a large proportion of the entire electrochemical energy storage system, coupled with the composition of the cell, about 8% of the cost. Lithium battery is one of the most competitive energy storage systems at present, and its price has become the main factor restricting its development.
The integration of energy storage system refers to the selection of energy storage technology and products suitable for the user according to the needs of the user, the various unit plates in the system are organically combined, and a "one-stop" solution is built for various scenarios, so as to optimize the overall performance of the energy storage power station.
At present, the domestic industrial concentration is not high, the industrial concentration of 3 and 5 percentage points are 43% and 56%, respectively. From a worldwide perspective, independent energy storage system integrators (third parties) have formed a complete system, and in our country, mainly by the energy storage industry's various plates of the leading integration extension of the system integration, occupy a dominant position. Battery manufacturers, PCS manufacturers are laying out the market for energy storage system integration.
Key words: General overview of electrochemical energy storage industry in China
Other News Centres
No.8, Kangli Road, Liuyang Economic and Technological Development Zone.China