CATL, the world's largest battery manufacturer, projects that stationary energy storage systems will account for half of its revenue by 2030, signaling a major shift in the global battery market away from electric vehicles.
The Chinese company's forecast reflects surging demand for grid-scale and behind-the-meter battery storage worldwide. As renewable energy capacity expands, battery systems increasingly manage the intermittency of wind and solar power. Grid operators and utilities need storage to balance supply and demand across electricity networks. Commercial and residential customers deploy batteries to reduce peak-demand charges and enhance energy resilience.
CATL currently dominates global battery production with roughly 37 percent market share across all battery applications. The company supplied approximately 750 gigawatt-hours of battery capacity in 2024. Its pivot toward stationary storage reflects structural market dynamics. Electric vehicle growth remains robust but faces maturing market saturation in developed nations. Energy storage markets, by contrast, remain in expansion phases globally, with installations projected to triple through the end of this decade.
The International Energy Agency reported that global battery storage capacity additions reached 28 gigawatt-hours in 2024, up 40 percent year-over-year. IEA modeling shows stationary storage must grow to 1,500 gigawatt-hours annually by 2030 to meet net-zero emissions targets.
CATL's statement positions the company to capture expanding opportunities in grid stabilization and renewable integration markets. Other manufacturers including LG Energy Solution, BYD, and Northvolt are similarly expanding storage-focused production lines. This reallocation of manufacturing capacity responds to policy incentives driving storage deployment. The U.S. Inflation Reduction Act provides investment tax credits for standalone storage systems. The European Union's Net-Zero Industry Act targets 90 gigawatt-hours of annual EU battery storage production by 2