The energy storage sector reached new heights in 2023, as showcased at the annual Energy Storage Carnival and the release of the Global Energy Storage Shipment Rankings for Chinese Enterprises by the Electric Energy Storage Alliance (EESA).
EESA Chairman, Du Xiaotian, delivered a comprehensive summary of the global and Chinese energy storage industry’s developments in 2023, unveiling shipment data and rankings across various segments of the energy storage landscape.
According to EESA statistics, global installations of new energy storage systems reached 47.1 GW/103.5 GWh in 2023, with residential installations accounting for approximately 16.1 GWh.
Global shipments of energy storage batteries amounted to 219.29 GWh, while power conversion systems (PCS) reached 73.37 GW, and battery management systems (BMS) stood at 61.32 GW.
In terms of system-level shipments, Chinese companies supplied 32.56 GW/70.43 GWh of energy storage solutions globally (excluding residential systems), and contributed around 8.31 GWh to the global residential energy storage market.
At the product level, Chinese companies dominated the global market for energy storage batteries, accounting for a staggering 91% of the total shipments, amounting to 198.9 GWh. The shipment volume of PCS by Chinese firms stood at 49.38 GW, representing 67.3% of global PCS shipments.
Top global DC-coupled energy storage solution providers
Among the Chinese enterprises specializing in DC-coupled energy storage solutions, the top ten by shipment volume in 2023 were:
- BYD Energy Storage
- CATL (Contemporary Amperex Technology Co. Ltd.)
- Hyper Strong
- Narada Power Source
- RelyEZ
- iPotisEdge
- Wetown Electric
- Sly Battery
- Ship Group
- AlphaESS
Top global AC-coupled energy storage solution providers
The top 10 Chinese companies in AC-coupled energy storage solutions shipment volume for 2023 include:
- Sungrow
- CRRC Zhuzhou Institute
- Envision Energy
- XYZ Storage
- Zhongtian Technology (ZTT)
- Shandong Electrical Engineering & Equipment Group (SDEE)
- REnergy Electric
- Robestec
- Kehua Tech
- Zhiguang
Top global customer-side energy storage solution providers
In the ranking of global customer-side energy storage solution providers by Chinese enterprises for 2023, the top 10 include:
- JD Energy
- Sermatec
- Hoenergy
- Sly Battery
- ZTT
- Kehua Tech
- NR Electric
- Robestec
- Legend Energy
- AlphaESS
Top commercial and industrial (C&I) energy storage system providers
The top 10 Chinese companies providing C&I energy storage system solutions for 2023 are:
- JD Energy
- Huazhi Energy
- Legend Energy
- East
- Robestec
- Cloud Energy Cube
- HITE Renewable Energy
- Tianqi Hongyuan
- Glory Energy Storage Tech
- NR Electric
Top Chinese companies in the global energy storage battery market
In the ranking of global energy storage battery shipment volume by Chinese enterprises for 2023, the top 10 include:
- Contemporary Amperex Technology Co. Ltd. (CATL)
- BYD Energy Storage
- EVE
- REPT Battero
- Hithium
- Great Power
- Gotion High-tech
- CALB
- Ganfeng Lithium
- AESC
