Energy Storage Market in China 2018-2022 | Key Facts and Figures | Technavio

Technavio has published a new market research report on the energy storage market in China from 2018-2022. (Graphic: Business Wire)

LONDON--()--The energy storage market in China is expected to post a CAGR of close to 40% during the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

A key factor driving the growth of the market is the energy revolution. China is one of the largest economies in the world. It is experiencing high economic growth due to which the power needs of the country have grown exponentially. The country is undergoing an energy revolution, where millions of dollars are being invested to increase the share of renewable energy in meeting its growing energy needs. China has become the largest wind and solar energy producer in the world due to the aggressive renewable energy targets.

This market research report on the energy storage market in China 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the decline in Li-ion battery price as one of the key emerging trends in the energy storage market in China:

Energy storage market in China: Decline in Li-ion battery price

The market for Li-ion batteries has been gaining traction and is witnessing rapid growth. This led to a decline in the demand for lead-acid batteries. The main factor that differentiates Li-ion batteries from lead-acid batteries is their price. Li-ion batteries cost more than lead-acid batteries. However, leading manufacturers of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.

“The prices of Li-ion batteries are expected to reduce further during the forecast period. Also, companies are developing Li-ion batteries by keeping specific industrial and utility applications in mind. The declining prices of Li-ion battery will have a favorable impact on the market, increasing its utilization in the energy storage applications,” says a senior analyst at Technavio for research on human machine interface.

Energy storage market in China: Segmentation analysis

This market research report segments the energy storage market in China by application (behind the meter and grid integration).

Behind the meter segment held the largest market share in 2017, accounting for nearly 54% of the market. This application segment is expected to dominate the global market throughout the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The energy storage market in China is expected to post a CAGR of close to 40% during 2018-2022, according to the latest research report by Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200