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LFP batteries gain traction, pressuring Korean ternary producers. Chinese-led LFP tech expanded rapidly due to cost efficiency and thermal safety, displacing Korean NCM batteries.. Breakthroughs in energy storage helped EVE, CALB, and Gotion rise in overall rankings. Asia is at the forefront of a renewable energy transformation, with a goal to triple its renewable energy capacity by 2030. Achieving this ambitious target. . ** Energy Storage: Powering the Future** Energy storage is revolutionizing how we harness and use electricity. By capturing surplus energy from solar, wind, and other renewables, storage systems ensure a stable, reliable power supply even when the sun isn't shining or the wind isn't blowing.. This report lists the top Asia-Pacific Battery Energy Storage System companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Asia-Pacific Battery Energy Storage System industry.. Among the top 10 global battery manufacturers (power + energy storage) in 2024, six are Chinese companies: CATL, BYD, EVE Energy, CALB, Gotion High-Tech, and Sunwoda. Three South Korean companies—LG Energy Solution, Samsung SDI, and SK On—along with Japan's Panasonic also made the list. Part 1.. Battery storage delivers the flexibility renewables desperately need, giving it the potential to transform power markets. So, what does the future hold for the development of the battery storage market in APAC? We recently presented a webinar which drew on expertise from our Energy Storage research. . The Asia Pacific energy storage systems market was at USD 301.2 billion in 2024. The market is expected to grow from USD 402.4 billion in 2025 to USD 2.44 trillion in 2034, at a CAGR of 22.2%. Rapid urbanization and the increasing demand for electricity in APAC countries are driving the need for.