After the market madness in 2022, the market for household energy storage began to stabilize. According to GGII Energy Storage Research Institute data show that in the first half of 2023, household energy storage battery shipments of about 6GWh, the annual expected downward adjustment is obvious.
In the first half of this year, as the world’s largest household storage market in the European market suddenly “cooled down”, resulting in a large inventory backlog, household storage battery and system integration business performance has been affected. At the same time, the proliferation of new entrants, household storage track increasingly fierce competition.
Therefore, in order to seek new growth points, the market, household storage enterprises opened a global “exhibition” pace, and continue to develop North America, Japan, Australia and other high-end markets outside Europe, as well as South Africa, Southeast Asia, South America and other sinking markets. Technology, sodium batteries and solid-state batteries have become the “new favorite” of household energy storage enterprises. Business, household storage companies have opened up industrial and commercial energy storage, large-scale energy storage products.
The global market is changing, Europe is cooling, South Africa is hot, the United States or will be on top.
Relevant data show that in 2022, the global household energy storage new installed capacity reached 15.6GWh, a year-on-year growth of 136.4%. 2022 global household energy storage new installed capacity, Germany, the United States, Japan, Italy and Australia ranked in the top 5, 5 countries household energy storage new installed capacity of more than 10GWh, accounting for more than 70% of the global market.
From the point of view of the new installed capacity of household energy storage in 2022, the United States has been similar to Germany, with the lifting of the energy crisis in Europe, household storage demand slowing down, the United States in the long term may be expected to replace Germany as the world’s top household energy storage market, is worth exploring the market.
It is worth noting that South Africa, Southeast Asia and other emerging markets due to the urgent need for new energy and energy storage to help solve the problem of power shortage, energy storage market demand is very hot.