CATL, EVE Energy Ranked Leaders In Global Energy Storage

CATL, EVE Energy Ranked Leaders In Global Energy Storage

InfoLink Consulting has released its Global Energy Storage Supply Chain Database. The report has declared CATL, EVE Energy and BYD as the front runners in the race for 2024. In 2023, BYD was ranked at No.2.

According to InfoLink’s Global Energy Storage Supply Chain Database, global energy storage cell shipments totaled 314.7 GWh in 2024, up 60% YoY. The market showed a trend of early decline followed by a rebound, with 4Q24 shipments increasing 19.7% QoQ, reaching the annual peak for 2024.

In 2024, industry concentration remains high, with CR10 reaching 90.9%, roughly the same as in the first three quarters of the year. The top five companies in global energy storage cell shipments for 2024 were: CATL, EVE Energy, BYD, Hithium Energy Storage, and CALB. The top themes for the year were: stability, market shift, and key clients.

CATL, EVE Energy Ranked Leaders In Global Energy Storage

Stability

With years of industry experience, CATL maintains a clear market advantage and firmly holds the top position in the industry. Its strategy of “positioning energy storage as the second growth engine” has yielded successful results. Since 1Q24, EVE Energy has consistently ranked second in the industry, with a significant competitive advantage.

Market shift

In 2024, EVE Energy surpassed BYD to rise to second place in the industry, with CALB becoming a new member of the top 5. AESC ranked seventh, marking its first entry into the annual top ten since the release of this ranking. Meanwhile, Korean manufacturers Samsung SDL and LG Energy Solution dropped from sixth and eighth place in 2023 to tenth and eleventh place in 2024. Looking back at the quarterly rankings for 2024, the top five positions shifted each quarter, highlighting the intense market competition.”

Key clients

“Optimizing for premium clients and expanding emerging customer bases” remains the essential strategies for manufacturers to gain a competitive edge. Optimizing for premium clients: Just as Tesla with CATL, Huawei with EVE Energy, and Sungrow with CALB, manufacturers benefit from the strict quality control and stable orders of top-tier clients, enabling them to enhance both product quality and brand reputation. Expanding emerging customers: Leading manufacturers leverage their strong market insights to maintain a broad customer base, ensuring they can fully capitalize on market surges in emerging sectors.