China-europe domestic energy storage box

Is BYD batterybox the most popular energy storage system in Europe?

Shenzhen/Berlin – BYD BatteryBox by BYD Co. Ltd., has again been identified as one of the most popular residential energy storage system across Europe. Earlier this year BYD confirmed that more than 1 million BYD BatteryBox systems had been installed successfully.

Which country has the largest residential storage market in Europe?

Germany was leading the market with +530,000 residential systems installed, followed by Italy with 268,282 and the UK with 103,912. By the end of 2023 Germany and Italy had a combined installed capacity of +7.7GWh. The residential storage market in Europe is dominated by a small cluster of leading brands.

Who dominates the residential storage market in Europe in 2023?

The residential storage market in Europe is dominated by a small cluster of leading brands. The CR3 (Concentration Ratio) in 2023 reached more than 50%. With 29% overall market share in 2023, BYD has been dominating the market segment, followed by the second and third positioned brands with 13% and 9% market share.

Which country has the most electrical storage systems in 2023?

The Electrical Storage Report by EUPD [i] showed significant growth for residential storage systems in 2023 across Europe. Germany was leading the market with +530,000 residential systems installed, followed by Italy with 268,282 and the UK with 103,912. By the end of 2023 Germany and Italy had a combined installed capacity of +7.7GWh.

Is BYD the best storage supplier in Europe?

BYD was ranked in leading positions for all three factors across the regions for the third consecutive year. “Over the years BYD has increased its market position and is among the by far strongest storage suppliers in Europe”, said Markus A.W. Hoehner, Founder and CEO of EUPD Research Sustainable Management GmbH.