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The global installation of residential PV started in Germany, Italy and other European countries, 2012 with the rapid decline of European PV subsidies, the global PV development fell into a brief stagnation. With the advent of the era of price parity (the cost of PV power generation is no higher than conventional thermal power generation) global household PV is back to high growth, with more than 30GW of PV installed in 2022, up 76% from 2019, and the household market accounting for more than 20% of the installed PV capacity.
As the household PV market matures in Europe, the US and other economically developed regions, the residential structure of mainly single-family houses is the basis for the development of household PV, reducing electricity bills and improving power supply reliability are the main driving factors, and diversified business models effectively reduce the installation threshold, household energy storage is ushering in an explosion.
The core technology of household energy storage is battery, lithium battery is the most mainstream direction of household energy storage battery. Although Japan and South Korea are the first countries to develop lithium battery technology, there are also some well-known enterprises, such as SDI, LG, Panasonic, etc.; once occupied the majority of the global market share of lithium batteries.
But in recent years, with the continuous development of China in lithium battery technology, has formed a huge advantage in the whole industry chain of lithium battery, China has the world’s most complete, most advanced and powerful upstream and downstream industrial chain of lithium battery, not only developed industry leading enterprises like CATL, BYD, CBAK, etc. but also developed a number of large, medium and small lithium battery enterprises of different scales, China’s lithium battery products in the global competition China’s lithium battery products have taken a larger share in the global competition. Today we would like to introduce you to a few representative Chinese companies.
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- Top5 Household Energy Storage Brands manufacturers
- 1. CATL
- 2. Pylontech
- 3. BYD
- 4. Inverters as the representative of household energy storage companies
- 5. LYBESS
- 6. Leave a Reply
Top5 household energy storage brands manufacturers
▊ CATL
Company Introduction
CATL, the most recognisable company in the lithium battery industry, was established in 2011 and has been the number one global market share for several years in a row since the beginning of 2017, making it the undoubted global dominant player. All this is mainly due to the rapid development of China’s new energy vehicle market, which is also CATL’s most core business direction. In recent years, CATL has started to develop its presence in the energy storage market, mainly in the direction of grid-side energy storage, and is currently the supplier of lithium batteries for many major new energy generation projects around the world.
Company Website
▊ Pylontech
Company Introduction
Along with the explosion of energy storage market demand from overseas users, Pylontech, as a company that has laid out the overseas market for many years, has also ushered in rapid development, with a compound growth rate of 70% for the company from 2018-2021; Pylontech has channel advantages in its energy storage products, mainly in household and small commercial energy storage products, Sonnen GmbH, one of the global leaders in distributed energy storage systems in Germany; Segen Ltd, the UK The largest provider of photovoltaic products Segen Ltd in the UK, the leading Italian energy storage system supplier ENEGRY SRL, etc. are Pylontech’s main customers, so Pylontech has a high market share in Europe.
Company Website
▊ BYD
Company Introduction
BYD was the first company to engage in the production of NiMH batteries and the early layout of lithium battery technology. After years of development, BYD has developed into a group company capable of covering all EV industry chains and is the only company in the world capable of producing all core components of EVs by itself, and also holds a certain market share in the global electric forklift and electric bus markets. BYD is the number one seller of new energy vehicles in the world in 2022.
Company Website
▊ Inverters as the representative of household energy storage companies
Introduction
Along with the rapid development in the PV module industry, there are also many inverter companies, and among the TOP-level inverter companies, there are also a large number of Chinese companies, such as Sungrowpower, Growatt, Goodwe, Deye, etc. The common feature of these companies is that they have strong inverter technology, in order to improve the product line of household energy storage. They have cooperated with Chinese lithium battery companies through acquisition of joint ventures or OEM/ODM to provide lithium battery products for energy storage. With their own sales channels already built to quickly open up the market.
▊ LYBESS
Company Introduction
LYBESS is a rapidly growing lithium battery manufacturing enterprise along with the development of the whole lithium battery industry chain in China. LYBESS products are of excellent quality. At present, LYBESS has a full range of household energy storage products, including integrated and split energy storage batteries, low-voltage wall-mounted, high-voltage stacked and 48V rack products. LYBESS not only has more advantages than other lithium battery companies in terms of service, with the experience of providing OEM services for a number of world-renowned companies, but also more flexible forms of cooperation, our strong technical team can provide efficient and customized services for distributors and integrators around the world.
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