How much have overseas orders grown?

  • According to statistics from the industry database of the CESA Energy Storage Application Branch, 145 Chinese companies disclosed overseas orders in the first three quarters of 2026, with a combined capacity of 584.6 GWh. Third-quarter orders reached 295.9 GWh, close to the total for the first half.
  • Order capacity rose quarter by quarter: it was 112.7 GWh in the first quarter and increased to 176 GWh in the second, up approximately 56% quarter on quarter; it rose a further approximately 68% quarter on quarter in the third quarter.

How are domestic installations and global demand changing?

  • As of the end of September 2026, China’s completed and operational new-type energy storage capacity reached 167 million kW and 435 million kWh, up 63% year on year; average storage duration was 2.61 hours, an increase of approximately 0.27 hours year on year.
  • During the same period, Xinjiang’s new-type energy storage capacity reached 25.115 million kW, up 90.6% year on year, ranking first nationwide in total installed capacity.
  • BloombergNEF forecasts that global new energy storage installations will reach 188 GW and 535 GWh in 2026, up 45% year on year, with 62% of new installations concentrated in China, the United States and Australia.

Which capabilities determine how companies benefit?

  • Orient Securities believes leading energy storage companies with global channels and brand value could benefit from demand growth. Companies need to adapt to local electricity demand, market mechanisms and operating conditions, using technical solutions and ongoing services to reduce costs over a project’s entire life cycle.
  • Among the companies concerned, according to Frost & Sullivan, Deye ranked first globally by revenue in the residential energy storage inverter market in 2025 and among the top ten by revenue in the residential energy storage system market; CHINT Power has established a marketing and service network spanning six continents.