In the energy storage technology provider category, which focuses on companies producing core technologies like battery cells and storage systems (excluding backup power applications), CATL maintained its position as the global leader in battery shipments. Other notable companies in this segment include EVE, Hithium, BYD, REPT BATTERO, and CALB. These firms have driven advancements in energy storage solutions, supporting applications such as renewable energy integration and grid stability, while expanding their reach in international markets.
For backup power batteries, primarily used in telecom base stations and data centers, Shoto topped the rankings. Narada Power, Gotion High-Tech, Cospowers, and CALB also secured prominent positions. This category encompasses both lithium-ion and lead-acid battery technologies, reflecting the diverse needs of critical infrastructure for reliable power supply.
The CNESA rankings underscore the strength and innovation within China’s energy storage industry, which plays a vital role in supporting global energy transition efforts. Companies like CATL and BYD have leveraged their expertise in battery technology to meet growing demand for sustainable energy solutions, while firms like Shoto and Narada Power address the specific requirements of backup power systems. The inclusion of both lithium-ion and lead-acid technologies in the rankings highlights the sector’s versatility in catering to varied applications.
As energy storage becomes increasingly essential for renewable energy adoption and grid reliability, China’s leading companies are well-positioned to drive progress. The 2024 rankings reflect not only the scale of production but also the technological advancements that enable these firms to compete globally. By focusing on shipment volumes and installed capacity, CNESA provides a clear picture of the industry’s leaders and their contributions to sustainable energy development.
The success of these companies demonstrates the growing importance of energy storage in addressing global energy challenges. Their innovations support a range of applications, from large-scale grid storage to critical backup systems, reinforcing China’s role as a key player in the global energy storage market.
