The Demand For Dual Carbon Drives The High Increase in The Installed Capacity Of Wind And Solar Power(2)

The demand for dual carbon drives the high increase in the installed capacity of wind and solar power, and the power fuse welcomes the historical development opportunity.

Energy storage fuse: In 2025, the global market space will reach 300-420 million yuan, corresponding to a CAGR of 41.4%.

With the rapid growth of the installed capacity of new energy power generation, the allocation of energy storage to new energy has become a major trend. Due to the volatility, intermittency, and unpredictability of new energy wind and solar power generation (for example, photovoltaics cannot generate electricity on cloudy days or the power generation is too low to meet the electricity demand), the energy storage system can better reduce and smooth the fluctuations and achieve Higher usage efficiency. At present, my country's Tibet, Xinjiang, Qinghai, Inner Mongolia, Jiangsu, Anhui, Zhejiang, Hunan, Shandong, and other provinces have successively issued policies to give priority to grid connection and increase the number of power generation hours for renewable energy stations with proportional energy storage. 

We believe that the energy storage market will grow rapidly with the development of new energy power generation in the future. In 2020, the cumulative installed capacity of energy storage in my country will reach 34.9GW, the newly installed capacity will be about 2.6GW, and the cumulative installed capacity will increase by about 8% year-on-year. In the new energy storage market, each 1GW energy storage system uses about 6,000-10,000 main fuses and about 30,000-50,000 internal fuses. Based on this, it is estimated that the amount of fuses used per 1GW of installed capacity is about 10-14 million yuan. In 2020, the market space was about 26 million to 36.4 million yuan. With the rapid increase in the installed capacity of new energy power generation, the installed capacity of energy storage is expected to further accelerate growth in the future, driving the rapid expansion of the corresponding fuse market space. The compound growth rate is 10.8%. If the growth rate is maintained in the future, it is estimated that the cumulative installed capacity of China's energy storage projects in 2025 is expected to reach 64.06GW, an increase of about 6 GW compared with 2024, and the corresponding fuse market space is about 60 million to 8400 10,000 RMB, and the CAGR in 2020-2025 will exceed 18%.

According to the "Global Energy Storage Market Outlook" report released by Bloomberg New Energy Finance, the scale of newly deployed energy storage systems in the world in 2020 is 5.3GW, and the newly installed global energy storage capacity is expected to reach about 30GW in 2025, corresponding to a market space of 0.53 GW. ~074 million yuan increased to 3~420 million RMB, and CARG reached 41.4%.

As the global energy storage market continues to expand, the reliability, safety, and system integration capability of energy storage infrastructure are becoming increasingly critical. In practical applications, the energy storage cabinet serves as the core carrier of battery modules, protection components, and power management systems, directly affecting the overall efficiency and operational stability of the storage system.

Based on years of experience in manufacturing electrical components and new energy system parts, our company provides high-performance energy storage cabinets designed for modern renewable energy applications. Our products feature optimized structural design, reliable protection performance, and flexible integration with battery systems, fuses, and power distribution modules, helping customers build safer and more efficient energy storage solutions for solar, wind, and grid-side applications.

If you are looking for a reliable supplier of energy storage cabinets and related electrical components, feel free to explore our product solutions to support your next energy storage project.