echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > By 2025, the global solar storage market will have an average annual installed capacity of more than 3GW

    By 2025, the global solar storage market will have an average annual installed capacity of more than 3GW

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    According to a new research report by Global Market Insights, a market research and strategy consulting firm, the solar storage market will exceed 3 GW installed per year by 2025, and the continuous growth of renewable energy is the main reason for the
    stable development of this market.

    In recent years, the solar storage market has risen
    due to the large-scale deployment of rooftop systems in commercial and residential facilities.
    Rooftop solar has seen significant growth
    due to fiscal gains including net metering schemes, asset leverage, subsidies and funding.
    In addition, effective grid synchronization, providing backup power supported by the economic benefits associated with grid connection will further complement the business outlook
    .

    The solar storage market in Asia Pacific is gaining momentum
    as governments take favorable measures to support the growing integration of renewable energy.
    Regulatory reforms, investment subsidies, renewable energy integration targets, self-consumption programs, and others are all contributing to
    the development of this market.
    Rapid economic upgrading in emerging countries and increased demand for electricity in developing markets will further create a favorable business situation
    .

    From the perspective of market suppliers, BYD, Cocam, BMW, Carnegie Clean Energy, Maxwell Technologies, Primus Power, Samsung, LG Chem, Leclanche, BAE, EnerSys, Saft, FIAMM, The likes of Adara Power, Vionx, Aquion and Ecoult will be the world's leading solar storage market providers
    .

    According to a new research report by Global Market Insights, a market research and strategy consulting firm, the solar storage market will exceed 3 GW installed per year by 2025, and the continuous growth of renewable energy is the main reason for the
    stable development of this market.

    Global Market Insights2025 Solar Storage 3

    In recent years, the solar storage market has risen
    due to the large-scale deployment of rooftop systems in commercial and residential facilities.
    Rooftop solar has seen significant growth
    due to fiscal gains including net metering schemes, asset leverage, subsidies and funding.
    In addition, effective grid synchronization, providing backup power supported by the economic benefits associated with grid connection will further complement the business outlook
    .

    The solar storage market in Asia Pacific is gaining momentum
    as governments take favorable measures to support the growing integration of renewable energy.
    Regulatory reforms, investment subsidies, renewable energy integration targets, self-consumption programs, and others are all contributing to
    the development of this market.
    Rapid economic upgrading in emerging countries and increased demand for electricity in developing markets will further create a favorable business situation
    .

    From the perspective of market suppliers, BYD, Cocam, BMW, Carnegie Clean Energy, Maxwell Technologies, Primus Power, Samsung, LG Chem, Leclanche, BAE, EnerSys, Saft, FIAMM, The likes of Adara Power, Vionx, Aquion and Ecoult will be the world's leading solar storage market providers
    .

    Primus PowerLGLeclancheBAEEnerSysSaftFIAMMAdara PowerVionxAquion Ecoult

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.