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1500V Energy Storage System-Global Market Insights and Sales Trends 2024
Synopsis
The global 1500V Energy Storage System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of 1500V Energy Storage System in various end use industries. The expanding demands from the On-grid System and Independent System, are propelling 1500V Energy Storage System market. Power Side, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the User Side segment is estimated at % CAGR for the next seven-year period.
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 137%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for 1500V Energy Storage System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global 1500V Energy Storage System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global 1500V Energy Storage System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, 1500V Energy Storage System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of 1500V Energy Storage System covered in this report include Sungrow Reveals, Ingeteam, Fimer, Dynapower, CHINT, Kelong, Risen, SHENZHEN CLOU ELECTRONICS CO., LTD. and SINENG, etc.
The global 1500V Energy Storage System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sungrow Reveals
Ingeteam
Fimer
Dynapower
CHINT
Kelong
Risen
SHENZHEN CLOU ELECTRONICS CO., LTD.
SINENG
TBEA
Global 1500V Energy Storage System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global 1500V Energy Storage System market, Segment by Type:
Power Side
User Side
Global 1500V Energy Storage System market, by Application
On-grid System
Independent System
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of 1500V Energy Storage System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global 1500V Energy Storage System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of 1500V Energy Storage System in various end use industries. The expanding demands from the On-grid System and Independent System, are propelling 1500V Energy Storage System market. Power Side, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the User Side segment is estimated at % CAGR for the next seven-year period.
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 137%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for 1500V Energy Storage System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global 1500V Energy Storage System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global 1500V Energy Storage System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, 1500V Energy Storage System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of 1500V Energy Storage System covered in this report include Sungrow Reveals, Ingeteam, Fimer, Dynapower, CHINT, Kelong, Risen, SHENZHEN CLOU ELECTRONICS CO., LTD. and SINENG, etc.
The global 1500V Energy Storage System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sungrow Reveals
Ingeteam
Fimer
Dynapower
CHINT
Kelong
Risen
SHENZHEN CLOU ELECTRONICS CO., LTD.
SINENG
TBEA
Global 1500V Energy Storage System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global 1500V Energy Storage System market, Segment by Type:
Power Side
User Side
Global 1500V Energy Storage System market, by Application
On-grid System
Independent System
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of 1500V Energy Storage System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of 1500V Energy Storage System
1.1 1500V Energy Storage System Market Overview
1.1.1 1500V Energy Storage System Product Scope
1.1.2 1500V Energy Storage System Market Status and Outlook
1.2 Global 1500V Energy Storage System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global 1500V Energy Storage System Market Size by Region (2018-2029)
1.4 Global 1500V Energy Storage System Historic Market Size by Region (2018-2023)
1.5 Global 1500V Energy Storage System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, 1500V Energy Storage System Market Size (2018-2029)
1.6.1 North America 1500V Energy Storage System Market Size (2018-2029)
1.6.2 Europe 1500V Energy Storage System Market Size (2018-2029)
1.6.3 Asia-Pacific 1500V Energy Storage System Market Size (2018-2029)
1.6.4 Latin America 1500V Energy Storage System Market Size (2018-2029)
1.6.5 Middle East & Africa 1500V Energy Storage System Market Size (2018-2029)
2 1500V Energy Storage System Market by Type
2.1 Introduction
2.1.1 Power Side
2.1.2 User Side
2.2 Global 1500V Energy Storage System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global 1500V Energy Storage System Historic Market Size by Type (2018-2023)
2.2.2 Global 1500V Energy Storage System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America 1500V Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe 1500V Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific 1500V Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America 1500V Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa 1500V Energy Storage System Revenue Breakdown by Type (2018-2029)
3 1500V Energy Storage System Market Overview by Application
3.1 Introduction
3.1.1 On-grid System
3.1.2 Independent System
3.2 Global 1500V Energy Storage System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global 1500V Energy Storage System Historic Market Size by Application (2018-2023)
3.2.2 Global 1500V Energy Storage System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America 1500V Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe 1500V Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific 1500V Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America 1500V Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa 1500V Energy Storage System Revenue Breakdown by Application (2018-2029)
4 1500V Energy Storage System Competition Analysis by Players
4.1 Global 1500V Energy Storage System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in 1500V Energy Storage System as of 2022)
4.3 Date of Key Players Enter into 1500V Energy Storage System Market
4.4 Global Top Players 1500V Energy Storage System Headquarters and Area Served
4.5 Key Players 1500V Energy Storage System Product Solution and Service
4.6 Competitive Status
4.6.1 1500V Energy Storage System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Sungrow Reveals
5.1.1 Sungrow Reveals Profile
5.1.2 Sungrow Reveals Main Business
5.1.3 Sungrow Reveals 1500V Energy Storage System Products, Services and Solutions
5.1.4 Sungrow Reveals 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.1.5 Sungrow Reveals Recent Developments
5.2 Ingeteam
5.2.1 Ingeteam Profile
5.2.2 Ingeteam Main Business
5.2.3 Ingeteam 1500V Energy Storage System Products, Services and Solutions
5.2.4 Ingeteam 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.2.5 Ingeteam Recent Developments
5.3 Fimer
5.3.1 Fimer Profile
5.3.2 Fimer Main Business
5.3.3 Fimer 1500V Energy Storage System Products, Services and Solutions
5.3.4 Fimer 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.3.5 Dynapower Recent Developments
5.4 Dynapower
5.4.1 Dynapower Profile
5.4.2 Dynapower Main Business
5.4.3 Dynapower 1500V Energy Storage System Products, Services and Solutions
5.4.4 Dynapower 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.4.5 Dynapower Recent Developments
5.5 CHINT
5.5.1 CHINT Profile
5.5.2 CHINT Main Business
5.5.3 CHINT 1500V Energy Storage System Products, Services and Solutions
5.5.4 CHINT 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.5.5 CHINT Recent Developments
5.6 Kelong
5.6.1 Kelong Profile
5.6.2 Kelong Main Business
5.6.3 Kelong 1500V Energy Storage System Products, Services and Solutions
5.6.4 Kelong 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.6.5 Kelong Recent Developments
5.7 Risen
5.7.1 Risen Profile
5.7.2 Risen Main Business
5.7.3 Risen 1500V Energy Storage System Products, Services and Solutions
5.7.4 Risen 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.7.5 Risen Recent Developments
5.8 SHENZHEN CLOU ELECTRONICS CO., LTD.
5.8.1 SHENZHEN CLOU ELECTRONICS CO., LTD. Profile
5.8.2 SHENZHEN CLOU ELECTRONICS CO., LTD. Main Business
5.8.3 SHENZHEN CLOU ELECTRONICS CO., LTD. 1500V Energy Storage System Products, Services and Solutions
5.8.4 SHENZHEN CLOU ELECTRONICS CO., LTD. 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.8.5 SHENZHEN CLOU ELECTRONICS CO., LTD. Recent Developments
5.9 SINENG
5.9.1 SINENG Profile
5.9.2 SINENG Main Business
5.9.3 SINENG 1500V Energy Storage System Products, Services and Solutions
5.9.4 SINENG 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.9.5 SINENG Recent Developments
5.10 TBEA
5.10.1 TBEA Profile
5.10.2 TBEA Main Business
5.10.3 TBEA 1500V Energy Storage System Products, Services and Solutions
5.10.4 TBEA 1500V Energy Storage System Revenue (US$ Million) & (2018-2023)
5.10.5 TBEA Recent Developments
6 North America
6.1 North America 1500V Energy Storage System Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe 1500V Energy Storage System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific 1500V Energy Storage System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America 1500V Energy Storage System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa 1500V Energy Storage System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 1500V Energy Storage System Market Dynamics
11.1 1500V Energy Storage System Industry Trends
11.2 1500V Energy Storage System Market Drivers
11.3 1500V Energy Storage System Market Challenges
11.4 1500V Energy Storage System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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