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China Solar Energy and Battery Storage Market
ID: MRFR/EnP/53938-HCR
200 Pages
June 2025
China Solar Energy and Battery Storage Market Research Report: By Application (Residential, Commercial, Utility), By Battery Type (Lithium-Ion, Lead-Acid, Flow Battery, Nickel-Cadmium), By Technology (Solar Photovoltaic, Concentrated Solar Power, Solar Thermal) andBy End Use (Grid-tied, Off-grid, Hybrid)- Forecast to 2035 China Solar Energy and Battery Storage Market Overview: As per MRFR analysis, the China Solar Energy and Battery Storage Market Size was estimated at 20
Industry Developments
In recent months, the China Solar Energy and Battery Storage Market has seen significant developments. In August 2023, Longi Green Energy announced plans to increase its solar module production capacity amid the booming demand for renewable energy, indicating a commitment to investment in advanced manufacturing technologies. Meanwhile, BYD has achieved remarkable growth in its battery storage solutions, capitalizing on the increasing emphasis on energy security. In terms of market valuation, as of September 2023, Contemporary Amperex Technology's market cap reached historic highs, reflecting strong confidence in battery technologies amidst global transitions to electrification. Additionally, in March 2023, JA Solar Technology confirmed a partnership with China Southern Power Grid to enhance solar energy integration into the national grid system, aiming to facilitate a more stable energy supply. Furthermore, JinkoSolar has also expanded its market presence through strategic collaborations and supply agreements with local distributors. Over the past few years, increased government backing and initiatives to support solar energy development have positioned China as a leader in the global solar industry, ensuring sustained growth in this crucial sector.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 20.22(USD Billion) |
| MARKET SIZE 2024 | 22.47(USD Billion) |
| MARKET SIZE 2035 | 90.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.445% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Yingli Green Energy, BYD, Contemporary Amperex Technology, Sungrow Power Supply, China Southern Power Grid, JA Solar Technology, Sungrow Power Supply Co. Ltd., Risen Energy, GCLPoly Energy, Chinese National Building Material Group, Trina Solar, China National Petroleum Corporation, First Solar, LONGi Green Energy, JinkoSolar |
| SEGMENTS COVERED | Application, Battery Type, Technology, End Use |
| KEY MARKET OPPORTUNITIES | Rising demand for renewable energy, Government incentives and subsidies, Expansion of electric vehicle market, Technological advancements in battery storage, Increased investment in green energy |
| KEY MARKET DYNAMICS | Government incentives and subsidies, Rapid technological advancements, Increasing energy demand, Environmental sustainability concerns, Competitive pricing strategies |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Solar Energy and Battery Storage Market by 2035?
The China Solar Energy and Battery Storage Market is expected to be valued at 90.0 USD Billion by 2035.
What was the market value of the China Solar Energy and Battery Storage Market in 2024?
In 2024, the market value is projected to be 22.47 USD Billion.
What is the expected CAGR for the China Solar Energy and Battery Storage Market from 2025 to 2035?
The expected CAGR for this market from 2025 to 2035 is 13.445%.
Which application segment is forecasted to have the largest market size in 2035?
The residential application segment is projected to reach a market size of 35.0 USD Billion in 2035.
What is the market value of the commercial application of the China Solar Energy and Battery Storage Market in 2024?
The commercial application segment is valued at 6.0 USD Billion in 2024.
What are some major players in the China Solar Energy and Battery Storage Market?
Major players include Yingli Green Energy, BYD, and Contemporary Amperex Technology.
What is the projected market value for the utility application in 2035?
The utility application is expected to reach a market value of 30.0 USD Billion by 2035.
How much is the utility application segment valued at in 2024?
The utility application segment is valued at 7.97 USD Billion in 2024.
What is the anticipated growth rate for the China Solar Energy and Battery Storage Market leading up to 2035?
The market is anticipated to grow at a CAGR of 13.445% from 2025 to 2035.
What is the expected market size for the residential application segment in 2024?
The residential application segment is expected to be valued at 8.5 USD Billion in 2024.
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