Tesla retains its high spot for the second consecutive 12 months because the main international producer within the battery power storage system (BESS) integrator market with a 15% market share in 2024, in keeping with Wooden Mackenzie’s World battery power storage system integrator rating 2025 report.
Chinese language competitor Sungrow is narrowing the hole although, holding onto second place with 14% market share, lowering Tesla’s lead from 4 proportion factors in 2023 to only one level in 2024. Fellow Chinese language producer CRRC rounded out the Prime 3 with 8% market share.
For the North American market particularly, Tesla held the highest spot with 39% market share. Sungrow retained its second-place rank however fell from 17% to 10% market share in 2024. Powin took the third spot in North America. Regardless of being a Prime 3 market participant, Powin filed for bankruptcy earlier this year.
Wooden Mackenzie’s report reveals stark regional disparities in market dynamics. Chinese language BESS integrators noticed their European market share surge by 67% year-over-year, with 4 of the highest 10 European gamers now headquartered in China. Conversely, Chinese language firms’ North American market share declined by over 30%, falling from 23% to 16%, primarily as a result of escalating U.S.-China geopolitical tensions and elevated U.S. commerce protectionism.
Tesla megapack. Credit score: DSD Renewables
“Competitors amongst established BESS integrators stays extremely intense,” stated Kevin Shang, principal analysis analyst, power storage expertise and provide chain for Wooden Mackenzie. “Seven of the highest 10 distributors final 12 months struggled to develop their market share, remaining both unchanged or declining.”
Seven of the worldwide high 10 BESS integrators are actually headquartered in China, reflecting the nation’s rising affect within the sector. Nevertheless, intense home competitors and oversupply have compelled Chinese language firms to develop aggressively into abroad markets, significantly Europe and the Center East. Wooden Mackenzie ranks distributors by the variety of shipments in megawatt-hour (MWh). Solely shipments with income acknowledged within the reporting 12 months are counted towards the market share.
“The worldwide BESS integrator panorama is turning into more and more advanced, with regional commerce insurance policies and geopolitical tensions reshaping aggressive dynamics,” stated Kevin Shang, Principal Analysis Analyst at Wooden Mackenzie. “Whereas Tesla maintains its international management, the fast rise of Chinese language integrators in Europe and their dominance in rising markets just like the Center East indicators a basic shift within the trade. Success will more and more rely upon firms’ means to navigate various regulatory environments, adapt to native market necessities, and keep aggressive price constructions throughout a number of areas.”
