Prediction 3: The segmented application scenarios of industrial and commercial energy storage will continue to increase, with obvious regional market differentiation. It is expected to maintain a growth rate of over 30% in 2024

The differences in the industrial and commercial energy storage market will continue to expand. In the short term, provinces and cities such as Jiangsu, Zhejiang, and Guangdong will occupy the vast majority of market demand. It is expected that the shipment growth rate of industrial and commercial energy storage will maintain over 30% in 2024, The approval of grid connection filing may become a key factor affecting market growth.

Driven by the expansion of industry coverage in (light) storage and charging, carbon market, and distributed photovoltaic distribution and storage policies, industrial and commercial energy storage is expected to be applied on a large scale in segmented scenarios. At the same time, the combination of segmented industries, scenarios, and industrial and commercial energy storage will be further strengthened, and the demand for energy storage in typical application scenarios such as zero carbon parks, port shore power, solar energy storage, oil+energy storage, and microgrids will continue to expand.

In the context of the national strategy of "counting from east to west" and the rapid development of AI, computing power has become the biggest driving force for the development of data centers. GGII predicts that the penetration rate of lithium-ion UPS products will accelerate in the next five years.

Prediction 4: Centralized procurement and independent energy storage will remain mainstream, bidding requirements will become stricter, central enterprises will participate more, and the concentration of the battery cell industry will continue to increase.

In 2024, based on safety and quality considerations, the bidding requirements of the source network owner will continue to be improved on the existing basis, such as clarifying product technology and brand requirements in areas such as systems, battery cells, PCS, and auxiliary materials.

In terms of distribution and storage policies, with the increase in the proportion of new energy installed capacity, some provinces will put forward higher requirements for energy storage and clarify rewards and punishments for distribution and storage.

In terms of bidding methods, the proportion of centralized procurement and independent energy storage will continue to expand.

In terms of bidding participation, some energy storage companies under downstream owners will participate more in project bidding as integrators, and pure integrator enterprises will face greater pressure.