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China Energy Storage Market Share

Report ID: GMI2991
Published Date: Dec 2024
Report Format: PDF

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China Energy Storage Market Share

China Energy Storage Market Company Share Analysis, 2024

ABB is a prominent leader in China’s energy storage market, renowned for its extensive experience in developing and manufacturing a wide range of energy storage technologies, including electromechanical and electrochemical systems. With a strong industry presence, the company offers a diverse array of customized solutions to meet various application needs effectively.

China Energy Storage Market Companies

Some of the key market players operating across the China energy storage industry are:

ABB
Burns & McDonnell
BYD Company
Durapower Group
Exide Technologies
General Electric
Hitachi Energy
Johnson Controls
LG Energy Solution
McDermott
Narada Power Source
Panasonic Corporation
Samsung SDI
Schmid Group
Siemens
Sinohydro Corporation
Toshiba Corporation
Voith

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The China market for energy storage was valued at USD 144.9 billion in 2024 and is projected to reach USD 869.8 billion by 2034, driven by a CAGR of 18.9% from 2025 to 2034.

The electro-chemical segment is expected to exceed USD 231.4 billion by 2034, driven by advancements in lithium-ion battery technology.

The electric energy time shift segment is projected to achieve a CAGR of over 7.5% by 2034, driven by the increasing integration of renewable energy sources.

Major players include ABB, Burns & McDonnell, BYD Company, Durapower Group, Exide Technologies, General Electric, Hitachi Energy, Johnson Controls, LG Energy Solution, McDermott, Narada Power Source, Panasonic Corporation, Samsung SDI, Schmid Group, Siemens, and Sinohydro Corporation.