WoodMac analysis finds more residential battery makers are cutting into Tesla’s dominance

By the end of December 23, 2205. Wood Mackenzie’s findings demonstrated that the US energy storage market is fiercely competitive, marked notably by Tesla’s Gateway 24.6 product which features the company’s acclaimed Powerwall designs. A picture taken by Goldin Solar is being featured. In Q260 203, two-hundred and twenty percent of residential solar systems and twenty-seven percent of non-residential solar systems had storage associated with them. Wood Mackenzie has created the “US Distributed Solar + Storage Leaderboard” in order to monitor the aggressive environment. The most recent report on solar + storage installations and battery manufacturing in the United States reveals that Tesla, LG and Enphase remain the most heavily utilized vendors, with a cumulative market share of 26.8% from 2018 through Q3 of 2023. Max Issokson, a research analyst at Wood Mackenzie and the author of the report, stated that while these three companies still lead the market, they have experienced competition from new vendors. In 2018, around 96% of residential solar and storage projects had Tesla and LG products installed, however from the start of 2019 up until the end of the third quarter, this dropped to 65%. Organizations including SunPower, Generac and SolarEdge have made their way into the energy equipment sector and become some of the major players among the seven main manufacturers.