In 2021, the shipments of domestic storage lithium batteries reached 5.5GWh, up 83% year on year.
SENEC, a veteran home storage company, has admitted to the explosion, and its lithium battery supplier, Samsung SDI.
In terms of battery selection, because the home energy storage demand is concentrated in Europe, America, Japan and South Korea and other regions, the system providers are mostly local enterprises, but the supporting batteries are dominated by LG, Panasonic, Samsung and other Japanese and South Korean ternary battery series.And Chinese battery battery enterprises strong entry, and unanimously choose the lithium iron phosphate technology route, is reversing the overseas home energy storage battery supporting pattern.
At present, the home energy storage market is mainly concentrated in overseas, especially in Europe, North America and Australia and other regions. Most of the domestic home storage lithium battery and system products are exported to overseas, forming a very obvious export characteristics.Byd, ATL, G-tech and other domestic home storage of more than 90% of the products of lithium battery head enterprises are exported to overseas.
The development characteristics of the home storage market are as follows:
1) Less domestic demand, more than 90% demand concentrated in overseas markets; 2) Less participating enterprises, but high requirements, especially involving many certification；3) C-end market characteristics are significant, and brand and channel development ability is the core competitiveness of enterprises.
After 2023, the overall market is expected to enter a period of rapid growth, with the core drivers being:
1) Driven by US ICT incentive policy and EU domestic storage investment subsidy policy; 2) High marketization of foreign electricity prices, high photovoltaic penetration rate, and demand for domestic storage to remain strong.
While COVID-19 has affected most global economies, it has had less impact on home energy storage.Data from the institute show that shipments of domestic storage lithium batteries reached 5.5GWh in 2021, up 83% year on year.