The top five global battery energy storage system (BESS) integrators in the AC side for 2024 were Tesla, Sungrow, CRRC Zhuzhou Institute, Fluence, and HyperStrong. Key trends for the AC Side in 2024: Intense competition: Tesla and Sungrow secured the top two global positions.
In 2024, DC-side shipments showed a clear ranking. CATL and BYD remained the top two with a strong lead, followed by PotisEdge, Hithium, and RelyEZ. Notably, CATL, BYD, and the newcomer Hithium are top energy storage cell makers, increasingly expanding into system integration.
Notably, CATL, BYD, and the newcomer Hithium are top energy storage cell makers, increasingly expanding into system integration. Top cell makers, with their technology and supply chain advantages, are strengthening their competitiveness in the full industry chain through vertical integration.
Canadian Solar and Trina Storage (both with solar power backgrounds) made significant progress, ranking 9th and 13th globally. Industry consolidation: In early 2024, China Electric Equipment Group merged three subsidiaries, Xuji Electric Storage, Pinggao Group, and SCETL, to form China Electrical Equipment Group Energy Storage.
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The top five manufacturers were CATL, EVE Energy, Hithium, BYD, and CALB. CR5 has surpassed 75%, signaling a highly concentrated market with limited growth opportunities for …
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