China energy storage market outlook 2019
China’s energy storage market saw a remarkable rise in deployments in 2018, growing 285% in megawatt-hours terms vs. 2017. The total storage market size grew to 1 GW/2 GWh of deployments as of the end of 2018. At this pace, China’s market installations will grow fivefold over the next five years, reaching 2.9 GW/year and making it the largest storage market in the Asia-Pacific region in 2024. Cumulative installed power capacity in China will surpass 12.5 GW by 2024, accounting for 20% of the global market share.
China Energy Storage Market Outlook 2019 report is a brand new research product that Wood Mackenzie Power & Renewables Research team offers to the susbcribers. This 50+ slide report presents various drivers and barriers for China’s storage market, policy deployments, a storage vendor landscape, business models and revenue streams. The report also provides deep insight into market trends through 2024.
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