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Market outlook for energy storage strengthens due to demand for utility-scale solar co-location, growth in China and new residential incentivesMay 07, 2019A total of 4.3 gigawatts (GW) of grid-connected energy storage will be deployed globally in 2019 – annual installations will grow to more than 10.6 GW by 2025. Annual grid-connected energy storage hardware revenues are projected to grow from $3.7 billion in 2018 to $8.4 billion in 2025 at a compound annual growth rate (CAGR) of 12 percent.
Competition Heats Up in US PV Inverter Market as Asian Suppliers Dominate Home TurfMay 08, 2014The U.S. market for photovoltaic (PV) inverters turned highly competitive in 2013 as the three biggest suppliers headquartered in the country lost share in the wake of a European-led influx of new players, according to new analysis from IHS Technology.
PV Inverter Revenue Expands to $7 Billion in 2012, as Asia Arises as Growth DriverApril 17, 2013Energized by a surge of shipments in Asia, the global photovoltaic (PV) inverter market in 2012 bucked weak worldwide solar industry conditions to expand by 5 percent and break the $7 billion...