Global Li-ion Battery for Energy Storage Systems (ESS) Industry Research Report, Growth Trends and Competitive Analysis 2024-2030

Global Li-ion Battery for Energy Storage Systems (ESS) Industry Research Report, Growth Trends and Competitive Analysis 2024-2030

1. Global key Li-ion Battery for Energy Storage Systems (ESS) players include CATL, BYD, EVE, Hithium, Samsung SDI, LG Energy Solution, Gotion, AESC, REPT and Narada etc. The top 3 companies hold a share (by sales volume) about 54.38% in 2023. China is the largest market with a share about 46.91%, followed by Europe, North America and APeC. In terms of product, LFP product is the largest segment with a share about 91.62%. And in terms of applications, the largest application is Power Grid with a share about 75.01%.

2. The global Li-ion Battery for Energy Storage Systems (ESS) market was valued at US$ 27,845.94 million in 2023 and is expected to reach US$ 56,975.61 million by the end of 2030, growing at a CAGR of 10.8% between 2023 and 2030.

3. CATL shipments most in 2023 and recent years, while BYD and EVE ranked 2 and 3.The gap of market share is keep on enlarged due to different strategy. The market concentration ratio in the past three years. The top five manufacturers held 64.21% of the market, in terms of Li-ion Battery for Energy Storage Systems (ESS) revenue in 2023.

4. China has the largest global export quantity and manufacturers in Li-ion Battery for Energy Storage Systems (ESS) market, and leading companies are planning to set up production bases overseas.

5. Demand is growing worldwide in the market for Li-ion Battery for Energy Storage Systems (ESS), and steady growth is forecast to continue. The demand for high-quality ESS Li-ion Battery centering on the LFP battery above 280Ah business in particular is growing. Also, since development is proceeding on lithium battery energy storage, strong growth is expected to continue in the Li-ion Battery market for Energy Storage Systems (ESS). However, we must keep a close watch on factors such as distribution delays and the skyrocketing costs of raw materials and fuel stemming from the Ukraine situation.

6. On the basis of cathode material type, the Li-ion Battery for Energy Storage Systems (ESS) market has been segmented into NCx and LFP. LFP is the largest type, accounts for about 91.62% of the total sales volume in 2023, with a sales volume of 208,932.19 MWh. The Telecommunication and UPS segments of lithium-ion batteries for energy storage systems (ESS) are expected to achieve the highest CAGR during the forecast period, mainly benefiting from the rapid development of artificial intelligence, supercomputing centers, and data center backup power markets.7. Power Grid is estimated to be the largest application of Li-ion Battery for Energy Storage Systems (ESS). Residential are expected to show the fastest growth rates in the Li-ion Battery for Energy Storage Systems (ESS) market in the coming years.

8. The market growth rate (by volume) is expected to exceed 25.2% in 2024. Affected by the destocking of channel dealers in the European household energy storage market, the growth rate has slowed down.

9. On the basis of region, the Li-ion Battery for Energy Storage Systems (ESS) market has been segmented into North America, Europe, China, APeC (Asia Pacific excluding China), Middle East, Africa and Latin America. China is projected to be the largest market during the forecast period. The demand for Li-ion Battery for Energy Storage Systems (ESS) is high in advanced economies such as Europe and United States. High growth and innovation, along with industry consolidations, are expected to drive the market in the region.

10. Newly built production capacity and new entrants are affected by the long certification cycle of the downstream industry, and at the same time, the yield rate is low due to the influence of the process, so the production capacity release needs to be slowly ramped up. Usually, it takes 2-3 years to reach the expected production target.

11. Affected by the COVID-19, the operating rate of small manufacturer has declined, and the market share of large manufacturer has increased rapidly. It is expected that major manufacturer will continue to expand production capacity in the next five years.

In terms of sales (consumption) side, this report focuses on the sales of Li-ion Battery for Energy Storage Systems (ESS) by regions (Countries), company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

The global Li-ion Battery for Energy Storage Systems (ESS) market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of sales analysis, the authors of the report have provided reliable estimations and calculations for global revenue and sales by Type segment of the global Li-ion Battery for Energy Storage Systems (ESS) market. These figures have been provided in terms of both revenue and sales for the period 2019-2030. Additionally, the report provides accurate figures for sales by region in terms of revenue as well as volume for the same period.

By Company

CATL

BYD

EVE

LG Energy Solution

Samsung SDI

REPT

Great Power

Gotion

Hithium

Ganfeng

CALB

AESC

Pylon Technologies

Lishen

Saft

SolarEdge

Panasonic

Narada

Trina Solar

SEVB

Higee

Segment by Type

NCx

LFP

Segment by Application

Power Grid

C&I

Residential

Telecommunication & UPS

Portable Energy Storage

Sales by Region

North America

United States

Canada

China

APeC (excluding China)

China

Japan

South Korea

India

Southeast Asia

Europe

Germany

United Kingdom

France

Italy

Spain

Ireland

Poland

Middle East & Africa, Latin America

Brazil

South Africa

Israel

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Sales (consumption), revenue of Li-ion Battery for Energy Storage Systems (ESS) in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 3: Detailed analysis of Li-ion Battery for Energy Storage Systems (ESS) manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America by company, by Type, by Application and by country, sales, and revenue for each segment.

Chapter 7: Europe by company, by Type, by Application and by country, sales, and revenue for each segment.

Chapter 8: China by company, by Type, and by Application, sales, and revenue for each segment.

Chapter 9: APeC (excluding China) by company, by Type, by Application and by country, sales, and revenue for each segment.

Chapter 10: Middle East, Africa, and Latin America by company, by Type, by Application and by country, sales, and revenue for each segment.

Chapter 11: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Li-ion Battery for Energy Storage Systems (ESS) sales, revenue, price, gross margin, and recent development, etc.

Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.

Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 14: The main points and conclusions of the report.