The world's top ten lithium-ion battery suppliers released Chinese enterprises accounted for two seats

In recent years, lithium-ion batteries have been the technology
of choice for stationary energy storage projects.
Due to the advantages of low cost, energy density, efficiency and safety, lithium-ion battery technology has become the first choice
for many developers of stationary energy storage systems (ESS).
At the same time, lithium-ion batteries have also driven the energy storage market
for electric vehicles and consumer electronics.
The rapid growth of these markets enables suppliers to develop economies of scale
by making significant investments in new production facilities at reduced prices.
The global market for lithium-ion manufacturers is becoming increasingly competitive, with companies vying for market share and investing heavily in manufacturing and R&D
.

According to the latest market report released by Navigant Research, a US market research institution, the world's top ten lithium-ion battery suppliers
were announced.
Among them, South Korea's LG Chem, Samsung SDI and China's BYD BYD ranked among the top three
in the world.

The fourth to tenth places were Panasonic of Japan, Kirkham of the United States, Toshiba of Japan, Saft of France, Leclanché of France, Electrovaya of Canada and CATL of Canada
.

Navigant Research said that by far the most successful companies targeting the stationary battery energy storage market are large companies with mature businesses, providing lithium-ion batteries
for electric vehicles and consumer electronics.
While several market barriers may limit growth in the short term, Navigant Research expects the global lithium-ion battery industry to reach $23.
1 billion by 2026, which is huge potential
.

Market growth will be mainly distributed in North America, Europe and Asia regions, driven by regulatory changes and incentives, with prices falling enough to compete
with retail electricity prices.
With the development of lithium-ion manufacturing, the market will provide low-cost, high-performance systems
.

Ian McClenny, Research Analyst at Navigant Research, said: "Through superior product development and strong partnerships with project developers, utilities, financiers/investors and system component suppliers, the global lithium-ion battery market leader has clearly distinguished itself from other competitors
.
We believe that these market leaders will be the first to launch a new generation of lithium-ion batteries
in the coming years.
”