第一财经网·2025-08-19 12:29Core Insights - The competition in the energy storage system integration segment is more intense than in the energy storage cell segment [1][3] - Major players in global energy storage system shipments for the first half of 2025 include Sungrow, Tesla, BYD, CRRC Zhuzhou Institute, and Hiber [1][3] - The market concentration ratio (CR10) for energy storage cells is 91.2%, while for system integration it is only 60.2% [3] Group 1: Market Dynamics - In the first half of 2025, global large-scale energy storage system shipments reached 147.6 GWh [3] - The top five companies in the large-scale storage system market are Sungrow, Tesla, BYD, CRRC Zhuzhou Institute, and Hiber [3] - In the household storage market, the leading companies are Tesla, Huawei, BYD, Pylon Technologies, and Sungrow [3] Group 2: Competitive Landscape - The structure of the top ten system integrators shows an influx of leading players from various sectors, including photovoltaic components, wind power, new energy vehicles, and inverters [3] - American companies have shown weaker performance in shipment rankings compared to last year, with only Tesla maintaining a strong position [3] - Fluence, which ranked fourth last year, has dropped to tenth place this year, while other American integrators have fallen out of the top ten [3] Group 3: Pricing and Market Health - There is a significant and irrational price competition in the energy storage industry, with system prices dropping nearly 80% since the second half of 2022 [4] - Approximately one-third of system integrators are selling below cost, and this proportion is increasing [4] - The Energy Storage Leaders Alliance has proposed initiatives to improve industry health, including better management of exhibitions and information dissemination, establishment of industry self-regulation, and measures against market disruption [5] Group 4: Future Outlook - The competitive landscape among the top three system integrators—Sungrow, Tesla, and BYD—is stabilizing, with no changes in rankings for two consecutive quarters [5] - It is expected that Sungrow will dominate the large-scale storage segment throughout the year, while Tesla and BYD will compete closely for the second position [5] - The independent storage projects in Inner Mongolia may allow Envision Energy to potentially break into the top five in terms of shipment volume in the second half of the year [5]