Tesla Maintains Global Lead in BESS
For the second year in a row, Tesla has taken first place in the global ranking of energy storage system integrators compiled by Wood Mackenzie.
Its market share in 2024 stood at 15%. Notably, the lead over China’s Sungrow has narrowed to just one percentage point. CRRC retained third place, as in 2023, with an 8% share.
Europe grows thanks to Chinese integrators, North America bets on Tesla
Europe has become a key expansion ground for Chinese manufacturers. The market share of Chinese companies in Europe rose by 67% year-on-year, and four of the ten largest companies in the region are now Chinese. The biggest winner is Sungrow, which jumped from 10% in 2023 to a leading 21% in 2024. At the same time, the European market has become more fragmented, with the top five players now controlling 70% of the market.
In North America, Tesla has maintained its dominant position for the third consecutive year (39% market share). Second place went to Sungrow (down from 17% to 10%), and third to Powin. Chinese companies, however, saw a marked decline here, with their combined market share falling from 23% to 16% due to geopolitical tensions and U.S. trade protectionism.
Asia and the Middle East – strongholds and new frontiers
Asia remains a natural stronghold for Chinese integrators. CRRC retained the top spot, Sungrow climbed from fourth to second, and Envision took third place. Chinese companies control over 90% of the market in this region.
The Middle East is also emerging as an increasingly promising market, where the energy storage sector is still in its early stages. According to forecasts, by 2034 the region will see 31 GW/115 GWh of new storage installations, driven by ambitious decarbonization targets and growing energy demand. The leaders in this expansion are Sungrow, BYD, and Huawei.
Energy storage market in transition
Tesla is ramping up deployments. Data shows that in Q2 2025 alone, it delivered 9.6 GWh of energy storage systems, and 20 GWh since the beginning of the year — a 48% increase compared to the first half of 2024. Over the past four quarters, the company deployed 37.9 GWh of systems and could exceed 100 GWh of installed capacity within the next two quarters.
Wood Mackenzie experts emphasize that the global BESS market is entering a phase of transformation, and success in the coming years will depend on companies’ ability to adapt to different regulatory environments, respond flexibly to local market needs, and maintain competitive costs on an international scale.
Source: woodmac.com