Global Energy Storage Market & Supply Chain Report Q1 2025

In Q1 2025, global energy storage battery cell shipments reached 99.58 GWh, up 150.62% year-on-year but down 7.75% month-on-month. Large battery cells accounted for 92.85 GWh, while small cells contributed 6.73 GWh. Top market players included CATL, Yiwei Lithium Energy, China New Aviation, Haichen Energy Storage, and BYD. System shipments totaled 71.5 GWh, with the Americas leading at 27.5 GWh, followed by China (22 GWh), Europe and Central/Eastern Africa (16 GWh), and Asia-Pacific excluding China (6 GWh). Installed capacity grew 34% year-on-year to 28.7 GWh, driven by large storage (22.9 GWh), industrial/commercial (2.0 GWh), and household storage (3.9 GWh). The Sino-US trade war impacted markets, with tariff reductions to 40.9% prompting a resumption of US exports. Policy developments include US mandates for 30% wind/solar storage ratios and 3-hour minimum duration, Mexico's forced rationing policy, and UAE's 1 GW/6 GWh tender. Emerging markets like Saudi Arabia saw significant growth, while Europe's large storage installations rose 152.6% year-on-year.