This article will mainly explore the top 10 energy storage manufacturers in the world including BYD, Tesla, Fluence, LG energy solution, CATL, SAFT, Invinity Energy Systems, Wartsila, NHOA energy, CSIQ. In recent years, the global energy storage market has shown rapid growth.
As the top battery energy storage system manufacturer, The company is renowned for its comprehensive energy solutions, supported by advanced industrial facilities in Shenzhen, Heyuan, and Hefei. Grevault, a subsidiary of Huntkey, is a leader in the battery energy storage sector.
In 2023, CATL was the world’s largest EV battery manufacturer with a 37% market share. CATL’s energy storage systems improve power grid efficiency by balancing load, managing frequency, and handling peak demands.
Huawei and BYD entered the top five battery system integrators globally last year, as the Chinese domestic market undergoes a "price war".
The top five collectively held a 62% market share. Fluence is a pure-play BESS solution provider controlled by utility AES and technology firm Siemens, while Sungrow is primarily an inverter manufacturer. Huawei is a technology firm, while BYD and Tesla entered the BESS market from their position as leading EV manufacturers.
Tesla Energy’s energy storage business has never been better. Despite only launching its energy storage arm in 2015, as of 2023 the company had an output of 14.7GWh in battery energy storage systems. Its portfolio includes storage products like the Powerwall and the Megapack.
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Top 10 energy storage manufacturers in the world
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