1. The Global Market
As of the end of September 2019, global operational electrochemical energy storage project capacity totaled 7577.1MW, 4.1% of the total global energy storage market.
Graph 1: total global operational electrochemical energy storage capacity growth
In the third quarter of 2019, global newly operational electrochemical energy storage capacity totaled 149.6MW, a -78% increase in comparison to the same period in 2018, and a -62% increase in comparison to the second quarter of 2019. Regionally, China saw the largest increase in new operational capacity, at 52.3% of the total, an increase of -59.6% in comparison to the same period in 2018, and an increase of 29.3% in comparison to the second quarter of 2019. Nearly all new global capacity utilized Li-ion batteries. Among energy storage applications, ancillary services saw the largest increase in new capacity, at 40.8% of the total.
In the third quarter of 2019, newly operational energy storage capacity saw a decrease both in comparison to the same period of 2018 and the second quarter of 2019. Yet projects newly planned and/or under construction saw a significant increase in comparison to the first and second quarters of 2019, at 6.7GW. The majority of this planned/under construction capacity was located in Australia, at 38.3%
2. The Chinese Market
As of the end of September 2019, China’s operational electrochemical energy storage capacity totaled 1267.8MW, or 4.0% of the country’s total energy storage market.
Graph 2: China’s total operational electrochemical energy storage capacity growth
In the third quarter of 2019, China’s newly operational electrochemical energy storage capacity totaled 78.2MW, a -59.6% increase in comparison to the same period in 2018, and a 29.3% increase in comparison to quarter two of 2019. Regionally, Guangdong province was the leader in newly operational energy storage capacity, at 41.6% of the total. In line with the global market, China’s new energy storage projects nearly all utilized Li-ion batteries. Among energy storage applications, ancillary services saw the greatest increase in new capacity, at 53.7% of the total, an increase of 133.3% in comparison to the same period in 2018.
3. About this Report
CNESA Research customers can access the full version of the CNESA Global Energy Storage Market Analysis – 2019.Q3 by visiting the ESResearch website.
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