The development trend of home energy storage equipment

Feb 28,2025

As residents' demand for power autonomy and reliability increases, as well as technological advances and cost declines, the home energy storage equipment market will usher in rapid development.
The development trend of home energy storage equipment

As residents' demand for power autonomy and reliability increases, as well as technological advances and cost declines, the home energy storage equipment market will usher in rapid development. The following are a few judgments on the development trend of home energy storage equipment:

Market size continues to expand: According to incomplete statistics, the cumulative total installed capacity of global home energy storage in 2024 has reached 15GWh, and is expected to rise to 200GWh by 2030. China's energy storage industry will also continue to maintain an active development trend, and the annual growth rate of the energy storage market will exceed 40%.
Continuous technological innovation: The application of new materials and new structures has made the battery performance continue to improve, and energy storage technology is also diversifying. For example, in addition to traditional lithium-ion batteries, new energy storage technologies such as sodium-ion batteries and solid-state batteries are gradually maturing.
Cost continues to fall: With the breakthrough of battery technology and large-scale production, the cost of energy storage equipment will drop significantly. Enterprises with cost advantages will further expand the market and form a head effect.
Strengthen policy support: The policy encourages the research and development of new technologies and promotes the application of energy storage in a wider range of fields. At the same time, the policy may also give support to specific regions or specific types of energy storage projects, creating regional market opportunities.
Intelligent and digital development: With the wide application of energy storage systems, intelligent and digital energy storage management systems (EMS/BMS) have become the key to improving operational efficiency and safety. In the future, home energy storage equipment will pay more attention to the development of intelligence and digitalization, providing real-time monitoring, fault warning, optimization scheduling and other functions.

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