Sungrow energy storage battery domestic ranking

Does Sungrow Power Supply have a global market share in 2022?

SunGrow Power Supply, having the largest market share among global energy storage system integrators in 2022, exemplifies a successful expansion into overseas markets. Alongside SunGrow, companies like BYD and Hithium are rapidly exploring international opportunities.

Are battery energy storage system integrators based in China?

Competition is intensifying in the rapidly evolving global energy storage market. According to Wood Mackenzie, the race in the Battery Energy Storage System (BESS) integrator market heated up in 2022, with the top five integrators accounting for 62% of the total BESS shipments (MWh). Notably, three of these leading companies are based in China.

What is Sungrow Power Supply's powertitan?

SunGrow Power Supply, a forward-thinking renewable energy company with a focus on technological innovation, has recently launched the PowerTitan 2.0. This groundbreaking large-scale liquid-cooled energy storage system embodies the concept of “Integration of Three Electrics – Intelligent Storage Unity.”

Who are China's Top 10 energy storage integrators?

This has propelled four China-based integrators into the top ten – Sungrow, HyperStrong, SCETL, and CRRC. “The Chinese energy storage suppliers established by state-owned power generation and electrical equipment enterprises have been growing very fast in the past one or two years, taking places in China’s top 10 rankings.

Is the price difference between Western and China-based battery energy storage systems growing?

A battery developer, speaking anonymously, told Energy-Storage.news that the price difference between Western and China-based battery energy storage system (BESS) integrators has grown this year.

How much money did Sungrow make in 2023?

According to its third-quarter report in 2023, Sungrow’s revenue reached approximately $6.47 billion (464.15 billion yuan), up by 108.85% year-on-year, with net profit attributable to the parent company at about $1 billion (72.23 billion yuan), a staggering increase of 250.53% from the previous year.