In 2024, the landscape of energy storage systems (ESS) has been dominated by significant advancements and an increasing demand for sustainable energy solutions. This comprehensive analysis delves into the top 10 global energy storage system suppliers of the year, highlighting their market share, technological innovations, and contributions to the global energy grid.
Market Overview
The global energy storage system shipments have reached a staggering 72.4 gigawatt-hours (GWh) in 2024-2025. Notably, China has emerged as a major player, contributing 47 GWh, which represents 65% of the total shipments. This growth reflects the rapid development and adoption of energy storage technologies worldwide.
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Top 10 Energy Storage System Suppliers of 2024-2025
1. Tesla
Tesla continues to lead the market with a significant 10% share of the global ESS market. In the first half of 2023 alone, Tesla’s shipments exceeded 7 GWh. The company’s innovative battery technologies and large-scale energy projects have solidified its position at the forefront of the industry.
2. CATL (Contemporary Amperex Technology Co., Limited)
As one of the largest battery manufacturers, CATL has played a pivotal role in the ESS market. Their advanced lithium-ion battery solutions and extensive production capabilities have made them a key supplier in both domestic and international markets.
3. LG Energy Solution
LG Energy Solution, a major player in the battery technology sector, has made significant strides in energy storage systems. Their high-performance batteries are used in various applications, from residential storage to large-scale utility projects, ensuring a strong market presence.
4. BYD (Build Your Dreams)
BYD’s diverse portfolio of energy storage products has positioned them as a leader in the industry. Their commitment to innovation and sustainability has driven the adoption of their ESS solutions across multiple sectors, including transportation and renewable energy integration.
5. Panasonic
Panasonic remains a key contender in the energy storage market with its reliable and efficient battery technologies. Their collaboration with Tesla on the Gigafactory projects underscores their influence and expertise in the field.
6. Samsung SDI
Samsung SDI’s robust battery solutions have been integral to the growth of the ESS market. Their focus on safety, performance, and longevity has made their products highly sought after in various energy storage applications.
7. Envision AESC
Envision AESC, formerly known as AESC (Automotive Energy Supply Corporation), has expanded its focus beyond automotive batteries to include energy storage systems. Their innovative approaches and global footprint have enhanced their market position.
8. Fluence
Fluence, a joint venture between Siemens and AES, specializes in comprehensive energy storage solutions. Their expertise in integrating energy storage with renewable energy sources has positioned them as a leader in the transition to a sustainable energy future.
9. Varta
Varta’s extensive experience in battery technology and energy storage systems has contributed to their prominence in the market. Their high-quality products are utilized in both industrial and residential energy storage applications.
10. Saft
Saft, a subsidiary of TotalEnergies, has a long history of developing advanced battery solutions. Their energy storage systems are designed for high performance and reliability, catering to a wide range of industries and applications.
Conclusion
The global energy storage system market in 2023 has been characterized by significant growth and innovation. The top 10 suppliers listed above are leading the charge in delivering advanced energy storage solutions that are crucial for the transition to a sustainable and resilient energy future. As the demand for efficient and reliable energy storage continues to rise, these companies will play a pivotal role in shaping the industry’s landscape.
