Tesla Energy secured 15% of the global battery energy storage system market share in 2024, maintaining its top position for the second consecutive year. While dominating North America with a 39% share, its global lead is narrowing as competitors like Sungrow increase their presence, particularly in Europe. The gap between Tesla and Sungrow shrank from four points in 2023 to one in 2024, reflecting rising competition. Chinese firms improved their European market presence significantly yet lost ground in North America. Success in the global BESS market will depend on adaptability and strategic positioning.
Tesla Energy held its top position in the global battery energy storage system integrator market for the second consecutive year, capturing 15% of global market share in 2024.
Tesla Energy's lead over Sungrow shrank from four points in 2023 to just one in 2024, indicating intensifying competition.
China's influence on the BESS market continues to grow, with seven of the global top 10 BESS integrators now headquartered in the country.
Chinese integrators saw a 67% year-over-year increase in European market share, while their market share in North America dropped more than 30%.
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