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| Author | InfoLink |
| Updated | February 06, 2026 |
InfoLink Consulting has released its latest Global Energy Storage Supply Chain Database.
According to InfoLink’s latest Global Energy Storage Supply Chain Database, global energy storage cell shipments reached 612.39 GWh in full-year 2025, up 94.59% YoY. Full-year shipments showed a steady QoQ uptrend, with Q4 shipments surpassing 200 GWh.
Supply–demand reshuffle drives renewed market uncertainty
In 2025, industry concentration (CR10) stood at 88.8%, with CR10 remaining below 90% for two consecutive quarters. This indicates that shipment momentum among second- and third-tier players has strengthened noticeably, and that the upturn has broadened from leading players to the wider industry. During this period, CATL, Hithium, EVE Energy, BYD, CALB, and REPT BATTERO continued to rank as the industry’s top six players, with the CR6 standing at nearly 75%.
*Source: InfoLink’s Global Energy Storage Supply Chain Database
*InfoLink strives for information comprehensiveness, but manufacturers' official data shall prevail in case of any discrepancies with official data.
*The content of this article is provided solely as a reference for market analysis and trend assessment, and does not constitute any endorsement, evaluation, investment advice, or commercial guarantee regarding any enterprise.
Key market themes for 2025: supply-demand reversal; no clear winner yet.
- Supply–demand reversal: In 2025, the market completed a rapid transition from oversupply to a tight supply–demand balance within just half a year—from Q2 to Q3—and currently remains in a state of cell shortage. During this period, cell manufacturers experienced a volatile pricing cycle, moving from attempts to push through price increases, to facing resistance, and ultimately to successfully passing higher costs downstream. System integrators, meanwhile, have sought to build diversified supply structures amid rising prices, with cell supply dynamics continuing to fluctuate on a quarter-by-quarter basis.
- No clear winner yet: Given the industry’s evolution over the past three years, the competitive landscape remains far from settled. By company, CATL continues to lead the global market, while Hithium has steadily moved up the ranks, alongside the gradual emergence of new entrants. By contrast, LG Energy Solution (LGES) and Samsung SDI have seen a sustained YoY decline and have, for now, stepped back from the top ten.
2026 competitive landscape outlook: leaders remain entrenched; mid-tier players face mounting pressure; and variables come into focus.
- Leaders remain entrenched: The core positions of the top six players are expected to remain firmly in place, with leading manufacturers likely to sustain stable performance.
- Mid-tier players face mounting pressure: Emerging players are set to continue scaling up and are expected to mount a strong challenge to top-ten positions, intensifying competition across the mid-tier.
- Variables come into focus: Korean manufacturers are entering a period of favorable policy tailwinds, which could emerge as a key variable with the potential to disrupt the existing market structure.
Utility-scale market drives incremental growth; leadership remains stable
In 2025, global utility-scale storage cell shipments reached 556.74 GWh, up 96.73% YoY. In the utility-scale segment, the top five companies are CATL, Hithium, EVE Energy, CALB, and BYD.
As the market enters Q4, mass-production timelines for 500Ah+ utility-scale storage cells across manufacturers have become increasingly clear, with production expected to ramp up sequentially from late 1Q26 through 2Q26. At this stage, 587 Ah / 588 Ah formats are emerging as the primary direction for capacity expansion. Penetration of 500Ah+ cells in the utility-scale market is projected to exceed 15% in 2026.
*Source: InfoLink’s Global Energy Storage Supply Chain Database
*InfoLink strives for information comprehensiveness, but manufacturers' official data shall prevail in case of any discrepancies with official data.
*The content of this article is provided solely as a reference for market analysis and trend assessment, and does not constitute any endorsement, evaluation, investment advice, or commercial guarantee regarding any enterprise.
Small-scale storage market stays resilient in the off-season; top three remain dominant
In 2025, cumulative shipments in the small-scale storage cell market reached 55.65 GWh, up 75.54% YoY. In Q4, the small-scale storage market recorded QoQ growth, defying typical off-season weakness. In terms of the competitive landscape, EVE Energy, REPT BATTERO, and Great Power continued to rank among the top three.
At present, manufacturers show limited willingness to expand capacity for 100 Ah cells, while 314 Ah cells offer a clear cost advantage over 100 Ah formats. In 2026, the mainstream cell configuration in the residential storage segment is expected to accelerate the shift from 100 Ah to 314 Ah, with the latter’s penetration potentially approaching 20%.
*Source: InfoLink’s Global Energy Storage Supply Chain Database
*InfoLink strives for information comprehensiveness, but manufacturers' official data shall prevail in case of any discrepancies with official data.
*The content of this article is provided solely as a reference for market analysis and trend assessment, and does not constitute any endorsement, evaluation, investment advice, or commercial guarantee regarding any enterprise.
Non-China shipments exceed half; Chinese players dominate, Korean players stabilize
In 2025, energy storage cell shipments to non-China markets totaled 299.79 GWh, accounting for approximately 49.0% of global shipments. In 2H25, the non-China share reached 51.3%, marking the first time on record that shipments to non-China markets exceeded those to the China market.
The top five suppliers by energy storage cell shipments to non-China markets were CATL, BYD, EVE Energy, CALB, and Hithium. LGES ranked ninth as the only Korean manufacturer among the top ten. As energy storage cell capacity at North American plants continues to come online, the market share of Korean manufacturers is expected to gradually recover.
*Source: InfoLink’s Global Energy Storage Supply Chain Database
*InfoLink strives for information comprehensiveness, but manufacturers' official data shall prevail in case of any discrepancies with official data.
*The content of this article is provided solely as a reference for market analysis and trend assessment, and does not constitute any endorsement, evaluation, investment advice, or commercial guarantee regarding any enterprise.
In terms of supply–demand dynamics in 2026, InfoLink Consulting continues to maintain its assessment of a tight supply–demand balance in 1H26, followed by moderate easing in H2. Considering shipment expectations by manufacturers as well as project progress across major global regions, InfoLink also maintains its existing shipment forecast, projecting global energy storage cell shipments of 801 GWh in 2026, with the market expected to sustain mid-to-high growth momentum.
On data sources
The shipment volumes, rankings, and related information presented in this article are based on data verification through regular interviews with upstream and downstream industry players. For companies that did not proactively provide data, InfoLink has made reasonable estimates based on actual market research.
InfoLink strives for information comprehensiveness, but manufacturers' official data shall prevail in case of any discrepancies.
Disclaimer
The content of this article is provided solely as a reference for market analysis and trend assessment, and does not constitute any endorsement, evaluation, investment advice, or commercial guarantee regarding any enterprise. Shipment data and rankings are not necessarily based on information proactively provided by companies; some are derived from third-party sources or InfoLink’s proprietary model estimates.
In the event of any disagreement over the data, the manufacturer’s official disclosure shall prevail. InfoLink reserves the right of final interpretation and explanation of the data sources and research results. Without authorization, no third party may extract or reproduce this content for commercial purposes or quote it in a misleading manner.