High-growth hot sector! European household storage orders are booming, with multiple companies taking the lead in strategic layout. Investors are positioning themselves in these targets (list attached).

Driven by multiple factors, the potential of the home energy storage market is expected to continue to be unlocked, ushering in a market landscape characterized by large-scale growth.

Since the beginning of 2026, the demand structure in the energy storage industry has continued to upgrade. The iteration of new products and the release of technologies have entered a dense implementation phase.

In the domestic market, leading companies such as BYD, CATL? Wait—Xinwanda? Huabao? (Note: Keeping translation only, no placeholders.) have successively released breakthrough energy storage technologies and system products, accelerating industry technology route iteration. In overseas markets, core European markets such as the UK, Germany, and the Netherlands have sustained high levels of demand for residential energy storage, and installed capacity continues to expand rapidly.

Under multiple drivers—including the reshaping of the energy landscape, the release of end-market demand, and the improvement of the policy framework—global residential (home) energy storage has gradually shifted from being led by government subsidies to being driven by economic viability and market-based demand. 2026 is expected to become a key period for large-scale, commercialized implementation of home energy storage.

Three factors boost the expansion of residential energy storage market momentum

Imagine what would happen if, during peak electricity use, the power suddenly went out and winter electricity prices rose sharply. Then daily household electricity use and heating would both be seriously affected. Residential energy storage can not only ensure basic electricity safety during outages, but also use the time-of-use peak-to-valley price difference to reduce electricity costs. Against a backdrop of increased volatility in energy prices and frequent extreme weather events, residential energy storage has upgraded from a “nice-to-have” configuration to a must-have requirement for household energy security, becoming an important component of a new energy system.

Since this year, residential energy storage demand has surged in a concentrated manner, which best reflects the global increase in energy uncertainty and the rapid rise in demand for self-consumption. Specifically, there are the following three factors:

First, geopolitical conflicts have triggered a sharp rise in energy prices. Ongoing geopolitical tensions in the Middle East have kept global energy prices surging. Since the start of this year, Europe’s gas price benchmark—Netherlands TTF natural gas futures (TTF natural gas futures 2606)—has recorded a cumulative increase of over 100%, while the cumulative increase of crude oil LOF has exceeded 55%. Looking back historically, during the Russia-Ukraine conflict, the European residential energy storage sector saw a period of rapid growth in the short term. The underlying reason was the energy crisis caused by Europe’s excessively high dependence on external energy sources.

China Merchants Securities stated that in the first quarter, the trend of price increases for European solar-plus-storage products was evident. Spot supplies of popular energy storage products (residential, and for commercial and industrial use) were severely out of stock, and the inventory levels of overseas warehouses at many companies have already fallen to low levels.

Western Securities stated that price increases, such as those in natural gas, are expected to drive substitution for related residential energy storage needs for heating demand.

Second, the industry chain expands in sync, and residential energy storage enters a scale-up period. According to China Merchants Securities, 2026 is considered by the industry to be a key point of intersection between energy storage technology and commercialization. Domestically, the drivers for energy storage development have changed—from policy-mandated requirements to demand for transforming the energy structure.

Third, overseas markets are adding more momentum, opening up room for growth. Domestically, new-type energy storage has been listed as one of the “six emerging pillar industries,” and multiple regions including Shandong, Jilin, and Jiangsu have encouraged distributed energy storage. Internationally, the UK and Australia have introduced subsidy policies to stimulate residential energy storage demand, while the Netherlands has abolished the net metering policy to force demand for adding storage capacity. In emerging markets such as the Middle East and Southeast Asia, because power grids are unstable, industry high momentum and certainty are strong.

Residential energy storage enters a critical stage for commercialized implementation

As of the end of December 2025, China’s cumulative installed capacity of new-type energy storage reached 144.7GW, a year-on-year increase of 85%. According to data from the National Energy Administration, by the end of 2025, the total installed capacity of new-type energy storage projects nationwide that had been built and put into operation was 136 million kW / 351 million kWh. This represents an increase of more than 40 times compared with the end of the “13th Five-Year Plan,” achieving leapfrog development.

Driven by multiple factors, the potential of the residential energy storage market is expected to continue to be released and enter a key window for commercialization. According to the CNESA (China Internet? Actually: Zhongguancun Energy Storage Industry Technology Alliance), CNESA predicts that by 2030, under ideal scenarios, China’s cumulative installed capacity of new-type energy storage could exceed 326GW. As the core component of the customer-side energy storage market, residential energy storage will also experience a market pattern characterized by large-scale growth.

According to a forecast by Frost & Sullivan, in 2026, the global residential energy storage market size will exceed 80 billion yuan, and the year-on-year growth rate is expected to surpass 125%. The institution also predicts that by 2030, the market size will reach 215.7 billion yuan. From 2026 to 2030, the compound annual growth rate is expected to be close to 28%.

（Data source: Frost & Sullivan）

More than 60 companies actively lay out residential energy storage

As the world’s largest energy storage market, China has benefited from the surge in residential energy storage demand, and A-share listed companies have recently been actively disclosing their plans or orders related to the residential energy storage (including balcony energy storage) industry chain.

Based on publicly disclosed information, there are more than 60 companies in the A-share market that have laid out residential energy storage. They are mainly distributed across 13 industries including power equipment, electronics, and machinery equipment, etc. Among them, the power equipment industry has the largest number of companies, with a total of 25, while the electronics industry has 10.

From market performance, as of March 27, the average increase since the beginning of this year among these more than 60 companies was more than 11%, significantly outperforming the SSE Composite Index; more than 20 companies have cumulative gains of over 10% since the beginning of this year. Baichuan Co., Ltd., Airo Energy, Good? Wait: 正泰电源, and Deye? Actually 德业股份—all have cumulative gains since the beginning of this year exceeding 50%.

Baichuan Co., Ltd. has recorded a cumulative gain of over 100% since the beginning of this year. The company said that its business mainly involves three segments: fine chemical, new materials, and new energy. In terms of new energy products, the company positions its products for “universal energy storage” application endpoints, covering multiple fields including commercial and industrial storage products and residential storage equipment.

Airo Energy has recorded a cumulative gain of over 97% since the beginning of this year. The company’s developed and implemented megawatt-level distributed solar-plus-storage interconnection system has been successfully applied to power grid frequency regulation scenarios in the UK.

Good? Wait: 正泰电源 (formerly “Tongrun Equipment”) has recorded a cumulative gain of over 73% since the beginning of this year. The company’s current energy storage system products include residential storage inverters, modular storage inverters, outdoor battery cabinets, battery containers, and energy management systems, among others.

In addition, Jinko? Actually 晶科科技 (Jinke Technology) has recorded a cumulative gain of over 48% since the beginning of this year. In December 2025, the company said that its energy storage business is one of the key focus areas for its current development. The scale of energy storage projects under construction and in reserve has already exceeded 10GWh, covering multiple types of energy storage application scenarios, including grid-side, user-side, and integrated solar-plus-storage scenarios. The company’s large independent energy storage projects in Gansu and Anhui have already been put into actual operation and put into commercial use at the end of 2025. China Post Securities stated that the company’s energy storage business continues to scale up; as policies such as capacity electricity prices are gradually implemented, the economic viability of its energy storage projects is expected to continue to improve.

Ziguang Electric has recorded a cumulative gain of nearly 28% since the beginning of this year. The company is an advocate and industry leader of cascade-type high-voltage large-capacity energy storage technology. Its energy storage products include large-scale energy storage, commercial and industrial energy storage, and residential energy storage. Recently, the company disclosed multiple implemented projects: in Hebei Province, a key new-type energy storage project—Shijiazhuang Gaoyi County 300MW/600MWh shared energy storage power station—has officially completed full-capacity delivery of the energy storage system; for the contracted Anhui Neng Minfeng grid-forming independent energy storage project, it has completed the equipment delivery for all 35kV 200MW/800MWh grid-forming cascade high-voltage energy storage systems.

19 companies actively lay out overseas markets

At present, the global energy transition is accelerating across the board, combined with Europe’s clear policy support orientation, which has led local energy storage market demand to experience explosive growth. Looking globally, Europe is a core and very important energy storage market; “either go overseas or be eliminated” has already become an industry proposition that domestic energy storage companies must face head-on.

Chinese companies, leveraging their full energy storage industry chain advantages, have been receiving large orders in overseas energy storage markets. According to data from the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, in 2025, Chinese companies’ newly added energy storage market orders in Europe reached 67GWh, up 64.6% year on year, accounting for 19.3% of total global overseas energy storage orders from Chinese companies.

According to statistics from the Energy Storage Research Institute of GGII (Gaogong Industry Research Institute), in mid-March of this year, since 2026 began, Chinese energy storage companies have signed more than 15 energy storage orders in the European market, with a scale close to 30GWh, ranking first among overseas destinations.

From the perspective of domestic companies, based on the author’s incomplete statistics from information on the Interactive Easy platform, among the more than 60 companies mentioned above, there are 19 companies that have begun laying out or actively exploring energy storage business in overseas markets. There are both industry leaders such as Sungrow Power Supply and EVE Lithium; and also leading companies in sub-sectors such as Ziguang Electric and Anker Innovations. Among them, Anker Innovations focuses on balcony energy storage.

From the perspective of financing and funds, among the 19 companies above, the proportion of companies whose financing balance on March 26 increased compared with the end of 2025 exceeded 60%; there are 6 companies with a financing balance increase of more than 30%, and 4 companies with an increase of more than 50%, such as Hithium Information (威胜信息), Pengl? Actually 鹏辉能源, and Song? Actually 崧盛股份.

Hithium Information has a financing balance increase of nearly 82%. The company said that its current overseas market focus is on newly emerging market countries in Southeast Asia, the Middle East, and Africa, where politics are stable and the economy is active. Affected by global energy shortages and the restructuring of manufacturing, the company is also simultaneously paying attention to opportunities for new distribution network upgrades in the EU in the context of the widespread application of distributed renewable energy, residential energy storage, and electric vehicles. It has already carried out product sampling and certification work.

Pengl? Actually Penghui Energy (鹏辉能源) has a financing balance increase of more than 79%. The company said that in the first half of 2025, shipments of its energy storage cells remained in the global top nine, and shipments of small cells (including residential energy storage and communications energy storage) remained in the global top three.

Songsh? Actually Songsheng Co., Ltd. (崧盛股份) said that the increase in energy prices in Europe helps promote residential energy storage and commercial and industrial energy storage businesses, and the company will actively seize market opportunities to increase its share of business in overseas markets.

From the perspective of institutional attention, Hithium Information has received research from more than 100 institutions since the beginning of this year. Vision? Actually 视源股份 (Sino Vision?), Samsung? Actually 三星医疗, and Songsheng股份 have all received research from 15 institutions or more.

Vision? Actually 视源股份 focuses its power electronics business on areas including residential energy storage and UPS, and actively expands overseas markets. Samsung Medical has continued to roll out 5–16kWh low-voltage residential energy storage products, 5/8kWh stacked high-voltage residential energy storage battery packs, and 5MWh large-capacity storage DC cabins meeting EU standards, covering multi-family scenarios from low electricity consumption to high electricity consumption.

In terms of market performance, among the above 19 companies, the average increase since the beginning of this year was all above 20%. Airo Energy, Sungrow? Actually 正泰电源, and Jinlang Technology are leading in gains this year; Hithium Information, Topband? Actually 拓邦股份, and Vision? 视源股份 have all recorded declines exceeding 5% this year.

（Source: Data Bao）