Global Energy Storage Demand Surges: 2025-2027 Outlook

The global energy storage industry is experiencing a positive rating with accelerating demand across multiple regions. From 2025 to 2027, global new energy storage installations are projected to reach 271 GW, 444 GW, and 661 GW respectively, with year-on-year growth rates of 44%, 64%, and 49%. In China, the full entry of new energy into the market and capacity price policies are improving the business model for large-scale storage, driving demand. The US market benefits from AI-driven power demand and grid modernization, while Europe sees diversified growth in large-scale, commercial, and residential storage. Supply-side trends include Chinese companies expanding overseas and a shift from price competition to value competition, emphasizing full lifecycle performance. Key players include system integrators like Sungrow and Trina Solar, PCS manufacturers, battery makers like CATL, and thermal management firms. Risks include price declines, policy shortfalls, trade tensions, and competition.