Emerging Market Energy Storage Demand Database
Gain insights into energy storage market trends and seize strategic overseas expansion opportunities.
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| Author | InfoLink |
| Updated | November 14, 2025 |
InfoLink Consulting has released its Global Energy Storage Supply Chain Database
According to InfoLink’s Global Energy Storage Supply Chain Database, global energy storage cell shipments totaled 410.45 GWh in Q1–Q3 2025, up 98.5% YoY. In Q3, resonating demand from both inside and outside China drove the energy storage cell segment to operate at full capacity with full sales, delivering 170.24 GWh for the quarter and setting a new single-quarter shipment record once again.
Industry concentration dipped below 90% amid notable rise of tier-2/3 participation
In the first three quarters of 2025, industry concentration (CR10) stood at 89.8%, marking the first time since records began that CR10 has fallen below 90% and indicating a notable rise in shipments among tier-2 and tier-3 manufacturers. During this period, CATL, Hithium, EVE Energy, BYD, CALB, and REPT BATTERO continued to rank as the top six players in the sector. In addition, the “tenth place” in the 2025 year-to-date ranking changed hands three times, underscoring the intense competition among mid-tier manufacturers.
*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 Q1–Q3 2025: (1) full capacity and full sales; (2) Korean players gaining momentum; and (3) client stickiness.
- Full capacity and full sales: As the market continued to evolve, the full-capacity, full-sales pattern seen among leading manufacturers in Q2 extended to the entire market in Q3s, with the sector once again experiencing a “cell shortage.” Against this backdrop, a new round of industry expansion centered on 500+ Ah cells is set to unfold. However, based on current research findings, the current pace of capacity additions appears relatively cautious, and the rapid, large-scale build-out observed in the previous cycle may not reoccur.
- Korean players gaining momentum: Since Q3, Korean suppliers have shown signs of shipment recovery on the back of demand from Europe and Americas. Based on the current ramp-up pace of their North American facilities, Korean manufacturers are expected to re-enter the top ten by 2026.
- Client stickiness: At present, “binding major clients” has become an important lever for cell manufacturers seeking to accelerate shipment growth. However, such binding often requires trading price for volume. Since the beginning of the year, some leading manufacturers have proactively “unbound” themselves, aiming to diversify their client portfolios in pursuit of both volume and price improvements. Meanwhile, divergent pricing strategies among energy storage cell suppliers have caused the sourcing landscape for leading system integrators to fluctuate from quarter to quarter, making meaningful client stickiness difficult to achieve.
Utility-scale storage market maintains strong momentum, with a relatively stable top-tier structure
In Q1–Q3 2025, global utility-scale storage cell shipments reached 372.36 GWh, up 101.9% YoY, with the full-year shipment volume expected to exceed 500 GWh. In the utility-scale segment, the top five companies are CATL, Hithium, EVE Energy, CALB, and BYD. The top 5 players have remained unchanged for five consecutive quarters, though competition among positions 2-5 is intense, with market share gaps within 4%.
Entering Q3, leading manufacturers have begun mass deliveries of 500+ Ah cells. However, most manufacturers' mass production of 500+ Ah cells remains concentrated in 1H26, with large-scale capacity release for these cells expected in H2.
*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. InfoLink reserves the right of final interpretation and explanation of the data sources and research results.
*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 maintains high shipment levels, with intense competition among the top three
In the first three quarters of 2025, cumulative shipments in the small-scale storage cell market reached 38.10 GWh, up 70.42% YoY. Q3 shipments exceeded 15 GWh, sustaining the strong momentum observed since Q2. In the small-scale segment, REPT, EVE Energy, and Great Power continued to rank as the top three suppliers, with the market-share gap among them continuing to narrow.
As to Q4, Australia remains in its summer season, meaning the usual installation slowdown caused by low winter temperatures does not apply. Therefore, distribution channels are expected to maintain their stocking pace, and shipments in the small-scale storage market are likely to remain at high levels.
*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. InfoLink reserves the right of final interpretation and explanation of the data sources and research results.
*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.
From Q1 to Q3 2025, the surge in demand shifted the market narrative from oversupply to tight balance, and the calls for price increases in the cell segment gradually rose. Based on the current production schedules in the cell segment, InfoLink predicts that global energy storage cell shipments in 2025 will exceed 560 GWh and approach 600 GWh.
Looking ahead to 2026, the demand side is expected to continue the pattern of widespread growth across multiple regions across the global market. On the supply side, however, the major release of production capacity is heavily concentrated in 2H26. Therefore, the overall supply-demand landscape may show a tight balance in H1, followed by moderate easing in H2. Considering manufacturers' shipment expectations and project progress across various global regions, InfoLink preliminarily forecasts that global energy storage cell shipments will approach 800 GWh in 2026, sustaining a medium-to-high growth trend.
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.
