Global ESS Market Grows 73% in First Three Quarters... Korean Battery Makers Advance in North America

LG Energy Solution Up 355% in North American ESS Market

Global shipments of lithium-ion batteries for energy storage systems (ESS) surged 73% in the first three quarters of this year compared with the same period last year. South Korean battery makers accounted for 21% of the North American ESS market.

According to SNE Research, a secondary battery market research firm, global shipments of lithium-ion batteries for ESS reached 779.9 gigawatt-hours (GWh) in the first three quarters of this year. This was a 73% increase from 451.5 GWh in the same period last year. Shipments in the third quarter alone reached 286.8 GWh, up 58% from a year earlier and the highest quarterly total on record.

China remained the largest market, with 313.1 GWh. Shipments outside China also reached 466.8 GWh, accounting for 59.9% of the global total. North America and Europe recorded strong year-over-year growth of 71% and 87%, with shipments of 122.3 GWh and 131.2 GWh, respectively.

South Korean battery makers stood out in the North American market.

LG Energy Solution shipped 22.1 GWh in the first three quarters, up 355% from the same period last year, while its global market share expanded from 1.1% to 2.8%. Its third-quarter shipments reached 10.1 GWh, up 51% from the previous quarter and exceeding 10 GWh in a single quarter for the first time.

Samsung SDI also shipped 12.0 GWh in the first three quarters, up 46%. Its third-quarter shipments reached 5.6 GWh, a 70% increase from the previous quarter.

The two companies' combined share of the North American market rose to 20.9%, from 13.4% in the same period last year. SNE Research said, "As North America and Europe strengthen tariffs on Chinese-made batteries and supply chain regulations, demand for suppliers with local production capabilities appears to be translating into actual shipments."

By application, grid-scale systems accounted for 575.9 GWh, or 73.8% of the total. Shipments for residential use rose 152%, from 38.6 GWh to 97.5 GWh, marking strong growth. Commercial and industrial (C&I) shipments grew 57% to 62.2 GWh.

This content was produced with the assistance of AI translation services.