1. The Global Market
As of the end of June 2019, global operational electrochemical energy storage project capacity totaled 7427.5MW, or 4.1% of total energy storage capacity.
Graph 1: total global operational electrochemical energy storage capacity
In the first half of 2019, global newly operational electrochemical energy storage capacity totaled 802.1MW, a decrease of 38.9% in comparison to the first half of 2018. Geographically, the United States saw the greatest increase in new operational capacity, at 24.6%, an increase of 106.6% in comparison to the first half of 2018. In applications, generation-side energy storage saw the greatest increase in new operational capacity, at 26.0%. In technologies, lithium-ion batteries saw the greatest increase in newly installed capacity, at 85.7%, a decrease of 46.8% in comparison to the first half of 2018.
2. The Chinese Market
As of the end of June 2019, China’s operational electrochemical energy storage project capacity totaled 1189.6MW, or 3.8% of the country’s energy storage market.
Graph 2: China’s total operational electrochemical energy storage capacity
In the first half of 2019, China’s newly added electrochemical energy storage capacity totaled 116.9MW, a decrease of 4.2% in comparison to the first half of 2018. Geographically, Hunan province saw the greatest increase in new electrochemical energy storage capacity at 51.3%. In applications, grid-side energy storage saw the greatest increase in new capacity at 56.0%, an increase of 189.9% in comparison to the first half of 2018. In technologies, lithium-ion batteries saw the greatest increase in newly installed capacity at 95.8%, an increase of 9.6% in comparison to the first half of 2018.
According to CNESA predictions, by the end of 2019, China’s operational electrochemical energy storage capacity will reach 1891.50MW. By the end of 2020, capacity is predicted to reach 2833.70MW.
Graph 3: forecast for China’s electrochemical energy storage market capacity growth
3. About this Report
CNESA Research customers can access the full version of the CNESA Global Energy Storage Market Analysis – 2019.Q2 by visiting the ESResearch website.
The ES Research website launched in January 2018 to provide an online platform for CNESA research products and services. Products and services include the “Global Energy Storage Database,” “Energy Storage Industry Tracking,” “Energy Storage Industry Research Reports,” and “Research Consultation Services.” To learn more, please visit www.esresearch.com.cn. For questions or comments, please contact the CNESA research department at the email or phone number below.
Phone: 010-65667068-805
Email: esresearch@cnesa.org