The new energy storage market in China has great development potential in the future. The cumulative installed capacity of new energy storage in China is expected to exceed 100 gigawatts (GW) by 2025, according to the Energy Storage Industry Research White Paper 2025 released by the Institute of Engineering Thermophysics on 10 April.
By 2034, China is projected to be a global leader in energy storage capacity, with electrochemical batteries, especially lithium-ion, expected to dominate the market. Energy storage systems are widely used as EV battery storage systems such as lithium ion batteries.
In 2021, The energy storage capacity in China was 46.1 GW; the pumped hydro segment is dominating the energy storage market in China with a total installed capacity of 39.8 GW, which is around 83% of total energy storage capacity.
In terms of mobile energy storage, Northeast China has a unit capacity absorption ranging from 30 kWh to 90 kWh, compared to 15 kWh to 56 kWh in North China. (2) As the share of renewable energy in the system increases, the absorption capacity of fixed energy storage initially rises and then declines, with 50% and 55% as the inflection points.
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