The global household energy storage market is entering a period of rapid development, and Chinese companies are actively developing overseas markets

February 13, 2025, Beijing - With the continuous growth of global demand for renewable energy and continuous technological innovation, the household energy storage market is entering a period of rapid development. According to market research institutions, by 2030, the global household energy storage market will have an annual compound growth rate of 25%, and the market size will expand significantly.

Against this backdrop, Chinese companies are actively developing overseas markets and continuously improving their competitiveness in the global household energy storage market through technological innovation and product quality improvement. In recent years, the scale of contracts signed by Chinese energy storage companies in overseas markets has continued to grow, with battery companies and photovoltaic storage companies accounting for the majority, and their products are mainly exported to emerging markets such as the Americas, Europe, Oceania, Africa, Southeast Asia, and the Middle East.

Among them, Chinese companies such as Huawei and BYD have made significant progress in the field of household energy storage. Huawei has further consolidated its leading position in the global market by launching the new generation of LUNA2000 series household energy storage products, while BYD has actively seized overseas market share by launching products such as Energy Panel wall-mounted household energy storage all-in-one machine.

Industry experts said that technological progress and policy support are key factors in promoting the development of the household energy storage market. In the future, with the continuous innovation of technology and the continuous promotion of policies, the household energy storage market will usher in a broader development prospect. Chinese companies should continue to increase R&D investment, improve product quality and service level, actively participate in international competition, and provide better energy storage solutions for families around the world.