On November 24, InfoLink, an industry organization, announced the ranking of global energy storage, large storage and household storage (including communications) core shipments in the first three quarters of 2023. According to
the data, in the first three quarters of 2023, the global energy storage battery core shipment scale reached 143.8 GWh, of which large storage and household storage (including communications) were 122.2 GWh and 21.6 GWh, respectively. However, Q3 grew by only 9%. In the
three major markets, China's demand has maintained a high growth rate, while Europe and the United States have been affected by inventory pressure and high interest rates, and demand has slowed down. In addition, the delay of large storage and grid connection in Europe and the United States is still due to factors such as the old grid and the long delivery period of transformers. It is expected that Q4 energy storage core shipments will grow by only 13% annually, which is slower than before. The estimated global energy storage battery core shipment in 2023 was revised down from 210 GWh to 203 GWh. In the first three quarters
of 2023, the total shipment of TOP 5 enterprises ranked the same as in the first half of the year, in order of Ningde Times, BYD, Yiwei Lithium Energy, Ruipu Lanjun and Xiamen Haichen, with the shipment scale of more than 8 GWh, CR5 reaching 72.8%, up 3.5% compared with H1, which shows that with the overcapacity and price war, the total shipment of TOP 5 enterprises in the first three quarters of 2023 is the same as in the first half of the year. The industry tends to be more concentrated. Compared with the first half of the year, the ranking of six to ten enterprises has changed slightly, with the shipment scale falling between 3-6 GWh and CR10 reaching 92%. The total shipment size of
Korean Samsung SDI and LG's energy storage batteries in the first three quarters was about 11 GWh, and the market share of their shipments was maintained at 7.5%.
Source: InfoLink Global Lithium Battery Supply Chain Database
Storage Part, TOP5 enterprises are Ningde Times, BYD, Yiwei Lithium Energy, Xiamen Haichen, Ruipu Lanjun, except Ningde shipments more than 40 GWh, the other four enterprises are below 20 GWh. Now that the price of batteries has reached less than 5 cents per watt-hour, manufacturers with cost, financial advantages and the first chance in the promotion of large-capacity battery certification will be more likely to survive in the cycle of overcapacity construction.
Source: For the household storage (including communication) part of InfoLink's global lithium battery supply chain database
, the TOP5 enterprises are Ningde Times, Ruipu Lanjun, Yiwei Lithium Energy, BYD and Penghui Energy. In the first three quarters of this year, the CR5 of the household storage (including communication) market was 84.7%. Compared with 79.8% in the first half of the year, the concentration increased by 4.9%, while the market share of the top five manufacturers was relatively average. The global household storage market continued to be affected by inventory accumulation in Q3, and inventory clearance was expected to continue until the end of the year before returning to a reasonable scale. The actual recovery time of shipments was delayed from the third to the fourth quarter of this year to the first to the second quarter of next year. The estimated annual shipment size of household storage (including communications) was significantly revised down from 35 GWh to 28 GWh.
Source: InfoLink Global Lithium Battery Supply Chain Database
This year, the energy storage market has been affected by policies, destocking, raw material prices and overcapacity, resulting in an obvious imbalance between supply and demand and a swing in market sentiment. Although the global installed capacity has increased as expected, the shipping side has entered a period of adjustment due to inventory pressure. Compared with last year, the growth rate of shipments has declined significantly. InfoLink Global Lithium Battery Supply Chain Database estimates that the total scale of battery shipments this year is 203 GWh, including 175 GWh for large storage and 28 GWh for household storage (including communications).
浙公网安备33010802003254号