According to InfoLink’s global lithium-ion battery supply chain database, energy storage cell shipments reached 202.3 GWh in the first three quarters of 2024, up 42.8% YoY.
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According to InfoLink''s global lithium-ion battery supply chain database, energy storage cell shipments reached 202.3 GWh in the first three quarters of 2024, up 42.8% YoY.
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In the first three quarters of 2024, global utility-scale energy storage cell shipments reached 180 GWh, up 49.4% YoY. The top five manufacturers, CATL, EVE Energy, Hithium, CALB, and BYD, dominate the market, with the top two holding nearly 55% combined share. Hithium, CALB, and BYD each shipped over 10 GWh with similar volumes.
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023-30), with the United States and China mainland accounting for the majority of these shipments. While some PCS suppliers are globally focused, many suppliers focus on a few key markets in FTM.
PCS shipments to front-of-the-meter (FTM) energy storage siting accounted for over 50% of total global shipments over the forecast period (2023–30), with the United States and China mainland accounting for the majority of these shipments.
Additionally, Samsung SDI and LG’s energy-storage cell shipments totaled nearly 14 GWh in 2023, translating to a slightly lower market share of 7%. For utility-scale energy storage, CATL, BYD, EVE Energy, Hithium, and REPT BATTERO shipped the most in 2023. CATL shipped more than 65 GWh and the rest less than 22 GWh.
InfoLink sees global energy-storage installation increase by 50% to 165 GWh and energy-storage cell shipments by 35% to 266 GWh in 2024. Database contains the global lithium-ion battery market supply and demand analysis, focusing on the cell segment in the ESS sector.
The world shipped 196.7 GWh of energy-storage cells in 2023, with utility-scale and C&I energy storage projects accounting for 168.5 GWh and 28.1 GWh, respectively, according to the Global Lithium-Ion Battery Supply Chain Database of InfoLink.
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