Global Energy Storage System Inverter Market Growth 2024-2030

Global Energy Storage System Inverter Market Growth 2024-2030

The global Energy Storage System Inverter market size is projected to grow from US$ 954.4 million in 2023 to US$ 1691.3 million in 2030; it is expected to grow at a CAGR of 8.5% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Energy Storage System Inverter Industry Forecast” looks at past sales and reviews total world Energy Storage System Inverter sales in 2023, providing a comprehensive analysis by region and market sector of projected Energy Storage System Inverter sales for 2024 through 2030. With Energy Storage System Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Energy Storage System Inverter industry.

This Insight Report provides a comprehensive analysis of the global Energy Storage System Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Energy Storage System Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Energy Storage System Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage System Inverter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Energy Storage System Inverter.

In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.

According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.

According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 124%.

This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage System Inverter market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Single-Phase Electric Power
Three-Phase Electric Power

Segmentation by application
Utility
Commercial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dynapower
SMA
KACO
Parker
ABB
GOODWE
Eaton
SUNGROW
CLOU
TRIED
Zhicheng Champion

Key Questions Addressed in this Report

What is the 10-year outlook for the global Energy Storage System Inverter market?

What factors are driving Energy Storage System Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Energy Storage System Inverter market opportunities vary by end market size?

How does Energy Storage System Inverter break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.