Driven by global energy transition and policy support, the energy storage market is experiencing explosive and sustainable growth, entering a golden development period. Authoritative data shows that the global energy storage industry has stepped into the stage of large-scale application, with broad development prospects for the future.
According to Wood Mackenzie, the global new installed capacity of energy storage exceeded 100GW for the first time in 2025, a year-on-year increase of 43%, with a cumulative installed capacity of 270GW/630GWh. BNEF predicts that the global new installed capacity of energy storage will reach 123GW/360GWh in 2026, a year-on-year increase of 33%, and the global energy storage market will expand at a compound annual growth rate of about 23% by power by 2035. The IEA points out that the average annual growth rate of global energy storage will remain above 40% from 2025 to 2030, and the cumulative global installed capacity is expected to exceed 1000GW by 2030.
China is leading the global energy storage development, accounting for 54% of the global market share in 2025. It is estimated that China’s new energy storage capacity will account for about 50% of the global new total from 2025 to 2034. In addition, overseas orders of Chinese energy storage enterprises are growing explosively. From January to February 2026, domestic energy storage enterprises won nearly 50 orders and cooperation projects worldwide, covering more than 30 countries, with a total order scale exceeding 33.5GWh, a year-on-year increase of 47%.
The continuous growth of the market is also driven by the increasing demand for lithium batteries. CSC Financial predicts that the global demand for lithium batteries will reach 3065GWh in 2026, a year-on-year increase of 33.7%, and the demand for energy storage batteries will continue to rise, becoming the second growth curve of lithium demand.