On April 16, the 2025 (10th) New Energy Industry Expo, hosted by Shanghai Nonferrous Network Information Technology Co., Ltd. (SMM), took place at the Suzhou International Expo Center from April 16-18. The event featured numerous academicians, industry leaders, and experts discussing various topics related to the new energy sector, including a decade of progress and future outlook for the industry, European perspectives on sustainable, circular, and secure batteries, the construction of a globally cooperative battery value chain, and the demand and prospects for new energy minerals in China.
On April 17, several forums were held simultaneously, including the Battery Materials Forum, New Energy Battery Materials Forum, Battery Auxiliary Materials Forum, New Energy Photovoltaic Storage Forum, International Mining Investment and Development Summit Forum, Lithium Battery Recycling Forum, All-Solid-State Battery Advanced Technology Forum, and Hydrogen Energy Industry Development Forum. This article provides a text live report from the New Energy Photovoltaic Storage Forum, Lithium Battery Recycling Forum, All-Solid-State Battery Advanced Technology Forum, and Hydrogen Energy Industry Development Forum. SMM will provide ongoing text, image, and video coverage of the conference.
Click here to view live images from the event | Click here for comprehensive coverage of the summit
At the New Energy Photovoltaic Storage Forum on April 17, senior consultant Ye Mingyuan from SMM shared insights on the topic of “Opportunities and Challenges in the Global Energy Storage Market.” He noted that global energy storage demand has slowed somewhat due to changes in policy directions from the U.S. and China, with an expected growth rate of about 5% in 2025. After 2025, as global energy storage planning is gradually completed, the market is expected to shift towards a more stable growth phase. Successful transformations in the U.S. and Chinese markets could lead to a rebound in growth rates, pushing the global energy storage market to a compound annual growth rate (CAGR) of around 10%. SMM predicts that the CAGR for China’s energy storage market from 2025 to 2030 will be approximately 9.5%, while North America’s market is expected to reach a CAGR of about 7.4%. In Europe, the energy storage market could see a CAGR of approximately 23.4% during the same period.
The global energy transition is driving growth in the energy storage market. With renewable energy generation continuing to rise, the shift from fossil fuels to cleaner, low-carbon energy sources is becoming increasingly evident. This transition presents significant opportunities for renewable energy, particularly in solar and wind sectors. To date, over 190 countries have signed the Paris Agreement, committing to substantial carbon reduction goals by 2030. Major economies like China, the U.S., and the EU have set reduction targets that exceed 50%, solidifying their roles as key players in long-term carbon reduction efforts.
As of now, renewable energy (including solar and wind) accounts for 31% of energy sources, and to meet the “carbon neutrality” goal, this proportion is expected to rise to 42% by 2030 and exceed 53% by 2050. However, the inherent instability of new energy production has spurred further development in energy storage technologies.
The global energy storage market is experiencing varied development trends due to the ongoing energy transition and policy shifts. While the growth rate has slowed down to about 5% in 2025, the successful transformation of markets in the U.S. and China could lead to renewed growth in the global energy storage market.
Topics discussed at the forums included the evolution path of new power systems and energy storage development, zero-carbon industrial parks as the next battleground for energy storage, and solutions for commercial and industrial energy storage leading the green transformation in the metal industry. Experts from various companies presented their insights on the current status and trends in energy storage, electric power trading, and the challenges of decarbonization in aluminum production.
On April 18, SMM will host additional forums, including those focused on overseas markets, low-altitude economic development, and the third Suzhou Virtual Power Plant Ecological Circle Forum. Stay tuned for more exciting updates!
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/opportunities-and-challenges-in-the-global-energy-storage-market-insights-into-chinas-low-carbon-hydrogen-policies-and-solid-state-battery-prospects/
