This sheet provides a comparison of leading commercial and industrial energy storage vendors, focusing on their market share, main products, target markets, models, pricing, and countries of manufacture.
Vendor Comparison Table
| Company Name | Market Share (%) | Main Product | Main Target Market | Main Model | Price (USD) | Country of Manufacture |
|---|---|---|---|---|---|---|
| LG Chem | 10 | Lithium-ion batteries | Commercial & Industrial | RESU series | $500 – $1,200 | South Korea |
| Tesla Energy | 15 | Powerwall & Megapack | Commercial & Utility | Megapack | $2,500 – $3,000 | USA |
| BYD | 40 | Battery Energy Storage Systems | Commercial & Industrial | B-Box series | $600 – $1,500 | China |
| Fluence | 8 | Grid-scale energy storage | Utilities & Large Enterprises | Fluence Gridstack | Varies by project | USA |
| Siemens Energy | 6 | Battery storage systems | Utilities & Industrial | Siestorage | Varies by project | Germany |
| Enphase Energy | 5 | Integrated energy solutions | Residential & Small Commercial | Enphase Storage System | $1,000 – $3,000 | USA |
| Panasonic | 4 | Lithium-ion batteries | Commercial & Residential | EverVolt | $2,000 – $3,500 | Japan |
| AES Energy Storage | 3 | Grid-scale energy storage | Utilities | Advancion | Varies by project | USA |
| Sonnen | 2 | Smart battery systems | Residential & Small Business | SonnenBatterie | $4,000 – $8,000 | Germany |
| Eguana Technologies | 1 | Residential energy storage | Residential & Small Commercial | Eguana AC Coupled | $5,000 – $7,500 | Canada |
Insights and Recommendations
- Market Leaders: BYD dominates the market with a significant share of around 40%, primarily focusing on commercial and industrial applications.
- Innovative Solutions: Tesla Energy offers advanced solutions with its Megapack, targeting utility-scale projects while also catering to commercial needs.
- Diverse Offerings: LG Chem and Panasonic provide a range of lithium-ion battery solutions suitable for various applications from residential to large-scale industrial.
- Emerging Players: Companies like Fluence and Eguana Technologies are carving out niches in grid-scale and residential markets respectively, showcasing the diversity in energy storage solutions.
Citations:
[1] https://www.life-younger.com/best-commercial-energy-storage-companies-in-the-world/
[2] https://www.globenewswire.com/news-release/2024/02/20/2831566/28124/en/Global-Commercial-Energy-Storage-Market-Analysis-and-Outlook-to-2028-A-4-91-Billion-Opportunity.html
[3] https://energydigital.com/top10/top-10-energy-storage-companies
[4] https://www.solarpowerworldonline.com/2024/01/the-commercial-energy-storage-market-may-be-small-but-its-slowly-growing/
[5] https://manlybattery.com/best-battery-energy-storage-companies/
[6] https://www.mordorintelligence.com/industry-reports/energy-storage-market
[7] https://www.linkedin.com/pulse/commercial-industrial-energy-storage-market-uwtre
[8] https://store.frost.com/growth-opportunities-in-the-commercial-industrial-battery-energy-storage-systems-bess-industry.html
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/comparison-of-commercial-and-industrial-ci-energy-storage-vendors-worldwide/
