On April 16, 2025, at 11:03:06, a report from Solarzoom highlighted recent developments in the solar energy sector. Following the autonomous operations of solar companies, there has been a tightening of regulations concerning solar inverters and energy storage systems.
<b>According to media reports, the China Solar Industry Association recently launched a precautionary initiative to address the operational standards for solar inverters and energy storage systems. This meeting was attended by more than 20 leading companies in the industry.</b>
Participants included major players such as SunPower, LONGi Green Energy, and Trina Solar, all of whom expressed concerns about the current market conditions. They suggested that the development of energy storage systems should not be limited by price, supply, or certification issues, and emphasized the need for a comprehensive approach to improve the sector's standards.
In recent years, prices for solar inverters and energy storage products have continued to decline, resulting in a challenging market for manufacturers. It is widely acknowledged that U.S. and European markets will require substantial demand for solar energy products, especially after June 2023 when new energy policies are expected to bolster the demand for high-quality energy storage systems.
The projected Compound Annual Growth Rate (CAGR) for the energy storage market from 2023 to 2025 is estimated to be between 40-50%, particularly for energy storage inverters and battery systems.
Furthermore, a recent report by Solarzoom forecasted that by 2030, the cumulative installed capacity of new energy storage in the U.S. will reach 236.1 GW, with a CAGR of 20.2% from 2025 to 2030.
As the market evolves, the U.S. and European regions are expected to see an increase in energy storage demand, driven by ongoing technological innovations and supportive regulatory frameworks.
For more information, you can contact Solarzoom at <a href='mailto:edit@solarzoom.com'>edit@solarzoom.com</a> or call (021) 50315221-812.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/emerging-trends-and-challenges-in-chinas-renewable-energy-sector-insights-from-solarzooms-latest-report/
