Chan Ye Xin Xi Wang·2025-10-17 01:16Core Insights - China dominates the global energy storage cell market, with a projected shipment of 301GWh in 2024, accounting for 94.06% of the global market share [1][8] - The energy storage lithium battery market is expected to face supply-demand imbalances in 2025, leading to a "chip shortage" scenario [1][8] - By 2025, China's energy storage lithium battery shipments are anticipated to reach 387GWh, with a potential total of 817GWh over the next five years [1][8] Industry Overview - The global energy storage cell market is transitioning from auxiliary support to core support, with rapid growth in shipments, exceeding 320GWh in 2024 [5][6] - The first half of 2025 saw global energy storage cell shipments reach 240.21GWh, a year-on-year increase of 106.1%, with an expected total of 416GWh for the year [6][8] Market Structure - The energy storage cell industry is categorized into upstream (materials and production equipment), midstream (manufacturing and system integration), and downstream (applications in power generation, grid, and user sectors) [3][8] - The largest application area for energy storage cells is the grid side, which accounted for 57.01% of the market share in 2024 [8] Technological Development - The energy storage cell industry has evolved through three generations of technology, culminating in the development of ultra-large capacity cells [9][10] Competitive Landscape - The global energy storage cell market remains highly concentrated, with major players like CATL, Huizhou EVE Energy, and others expanding their market share through technological advantages and global strategies [10][11] - CATL's energy storage battery revenue reached 572.9 billion yuan in 2024, representing 15.83% of its total revenue [10][11] Future Trends - The energy storage industry is poised for unprecedented growth opportunities driven by global energy transition and carbon reduction efforts, with strong demand for energy storage cells [12][13] - The industry is evolving towards diversification in technology, application scenarios, industrial integration, and long-term value [12][13]