Another leading photovoltaic and energy storage company has gone public in Hong Kong

On January 28, Deye Shares announced that it has submitted an application to the Hong Kong Stock Exchange for the issuance of H shares and listing on the main board. The company has also published the application materials on the Hong Kong Stock Exchange website.

From an industry perspective, the global energy storage market is entering a new phase of accelerated growth. According to authoritative institutions, the global installed capacity of energy storage is projected to reach approximately 290 GWh by 2025 and is expected to exceed 1.17 TWh (1,170 GWh) by 2030, demonstrating significant growth potential.

Among these, global sales revenue in the residential energy storage sector (smart home energy storage solutions) is projected to increase from US$32.4 billion in 2024 to US$104.4 billion by 2030, representing a compound annual growth rate (CAGR) of 21.5%.

The global solar photovoltaic inverter market is projected to grow from RMB 154 billion in 2024 to RMB 316.1 billion by 2030, representing a compound annual growth rate (CAGR) of 14.3%.

In 2023, Deye's inverter market share in South Africa exceeded 50%. In the residential power storage markets of Pakistan and Southeast Asia, the company held a 60% market share. Additionally, in South Africa, it maintained over a 55% market share. Currently, Deye's products are sold in more than 150 countries and regions across six continents. The company implements a differentiated market strategy, focusing on emerging markets such as South Africa, Brazil, and the Middle East.