As the global demand for renewable energy storage solutions increases, the battery cell industry continues to evolve. The home energy storage market, projected to reach $17.5 billion by 2030, is seeing rapid growth, driven by advancements in battery technologies and increased consumer interest in energy independence.
At the same time, China is not only the world's largest battery producer, but also a major supplier to the global new energy vehicle and energy storage markets. Battery manufacturers in China account for more than 60% share of the global lithium-ion battery market based on market data to 2023.
With over 10 years of experience in this field, LeaPower always chooses the highest quality batteries to produce our products to ensure product quality and life cycle. Our innovative products capture and store energy from both solar panels and the grid.
Below is a detailed look at the top 10 battery cell manufacturers leading the home energy storage market, with real data to highlight their market presence.
1. CATL （宁德时代）
Country: China
Market Share:37% (Global market share in lithium ion batteries as of 2023)
CATL dominates the global battery market, with significant investments in home energy storage solutions. In 2022, the company produced over 289 GWh of battery capacity, a large portion of which was dedicated to renewable energy storage, including home systems. Its focus on LFP (lithium-iron-phosphate) technology, known for safety and long cycle life, makes it a preferred choice for home storage applications.
Country: China
Annual Battery Capacity: Over 100 GWh (2022)
BYD is not only a major player in electric vehicles but also a significant contributor to the energy storage market. In 2022, BYD sold 5 GWh of energy storage systems globally, with a strong focus on residential applications. Their LFP battery technology is known for its cost-effectiveness and safety, making it ideal for home use.
Country: South Korea
Revenue: $19.8 billion (2022)
LG Energy Solution supplies battery cells to leading home energy storage brands, including "Tesla" and "Sonnen". The company's strong presence in the energy storage market is supported by its high-energy-density lithium-ion batteries. In 2022, LG Energy Solution produced 200 GWh of battery capacity, with a significant portion allocated to home energy storage systems.
Country: Japan
Production Capacity: 50 GWh (2022, Gigafactory Nevada)
Panasonic, a long-term partner with Tesla, is deeply involved in producing battery cells for the "Powerwall" home energy storage system. In 2021, Tesla's energy division, which includes the Powerwall, installed"3.99 GWh" of storage globally, largely relying on Panasonic’s battery cells. The company’s cells are known for their high energy density, making them suitable for both residential and commercial applications.
Country: South Korea
Battery Sales:$12.8 billion(2022)
Samsung SDI has been increasing its presence in the home energy storage market. In 2022, the company expanded its production capacity by "20 GWh", with significant focus on battery cells for energy storage systems. Samsung SDI’s high-performance NCM (Nickel-Cobalt-Manganese) batteries offer excellent energy storage capabilities, making them a strong contender for home applications.
Country: USA
Battery Production Capacity: 35 GWh (2022, Gigafactory Nevada)
Tesla’s "Powerwall" is one of the most popular home energy storage systems, and the company has been increasing its in-house battery production. Tesla reported that it installed over "250,000 Powerwall units" globally by the end of 2022, with the majority of battery cells produced in its Gigafactory in Nevada. Tesla’s 4680 battery technology is expected to drive further cost reductions and efficiency improvements in its home storage products.
Country: China
Annual Capacity: 28 GWh (2022)
Gotion is a leading producer of LFP batteries, which are known for their long lifespan and safety, critical for home energy storage. In 2022, Gotion expanded its production capacity, and its battery systems are now used in both domestic Chinese markets and international projects. Gotion's partnership with Volkswagen has further boosted its presence in the energy storage market.
Country: Japan
Production Capacity: 11 GWh (2022)
Envision AESC, which was formerly part of Nissan, is now a leading player in both EV and energy storage markets. The company has been ramping up its production for energy storage systems, with a focus on residential applications. Envision AESC plans to expand its production capacity to 43 GWh by 2025 to meet the growing demand for home energy storage.
Country: China
Battery Production Capacity: 45 GWh (2022)
EVE Energy is a fast-growing Chinese battery manufacturer, focusing on LFP and NCM battery technologies. In 2022, EVE Energy increased its focus on energy storage systems, contributing to the growing demand for home and industrial energy solutions. Their batteries are recognized for their cost-effectiveness and reliability in energy storage applications.
Country: Germany
Installed Capacity: 1 GWh+ (2022, Sonnen Batterie systems globally)
Sonnen is a leading European provider of home energy storage systems, integrating high-performance lithium-ion battery cells into its systems. Sonnen’s energy storage units are widely used in solar home setups, especially in Germany and other European markets. Sonnen has installed more than "70,000" battery systems worldwide, showcasing its strong market presence in the residential sector.
These top 10 battery cell manufacturers are not only driving innovation in electric vehicles but also leading the charge in the home energy storage market. As the world transitions towards renewable energy and decentralized power solutions, these companies are scaling their production capacities and improving battery technologies to meet the growing demand.
With significant investments in new battery chemistries, such as solid-state and advanced LFP, the future of home energy storage is promising, ensuring more affordable, efficient, and reliable solutions for households globally.
LeapPower Co.Ltd has a team of experienced engineers and technicians who are expert in home energy storage for more than 10 years.
With our easy-to-install and reliable systems, families can enjoy uninterrupted power during blackouts or when electricity prices spike. Our products are designed with safety in mind, and our experienced team ensures seamless integration into any home.
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Nice! Easy to understand.