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Trends in solar PV power/energy storage systems

energy storage systems


At present, under the background of the policy of carbon peaking and carbon neutrality, the world is promoting the pace of new energy transformation. The rapid development of the economy requires electricity, and the requirements of the environment and the transformation of energy determine that we need cleaner energy to generate electricity. Whether it is in high energy-consuming fields such as industry, construction, energy, and transportation, or in environmentally friendly fields such as electric vehicles and outdoor power supplies, it is an inevitable choice to achieve low-cost, high-efficiency energy saving and emission reduction.

As far as we know, Germany urgently proposed to advance the 100% renewable energy target from 2040 to 2035 this year; by 2025, the newly installed PV capacity in Europe will almost double (49.7GW Vs. 25.9GW), and Germany will maintain its growth rate First.

British Minister of State for Business, Energy and Industrial Strategy Quasi Kwarten proposed that by 2030, the UK’s installed photovoltaic power generation capacity will increase from the current 14GW to 50GW, offshore wind power capacity will increase from 11GW to 50GW, and onshore wind power capacity will be increased. From 15GW to 30GW, nuclear power installed capacity increased from 7GW to 16GW. It can be seen from the above plan that offshore wind power and photovoltaics have the largest growth rates, with the former nearly 355% and the latter over 257%.

EPE, an agency under the Brazilian Ministry of Mines and Energy, said that the Brazilian House of Representatives passed a new bill to continue to implement tax reduction and preferential policies for existing distributed photovoltaic power plants that have been put into operation, as well as projects put into operation within 12 months after the official announcement of the bill. to 2045. By 2030, the scale of distributed photovoltaic deployment in Brazil will be in the range of 23GW to 42GW; by 2031, the cumulative installed capacity of distributed photovoltaics in Brazil will reach 36GW, accounting for more than 90% of the country’s cumulative installed photovoltaic capacity.

The data in 2021 shows that the number of residential photovoltaic installations in the United States, Germany, Japan and Australia has exceeded 10 million, and the number of energy storage installations is close to 1.5 million. The cumulative energy storage / photovoltaic installation ratio has increased from 11.3% in 2020 to 13.8%. It shows that residential energy storage has gradually accelerated its growth. By 2025, the scale of photovoltaics and energy storage will reach 16 million and 4 million, and the ratio of energy storage/photovoltaic installations will increase to 25%.

In 2021, the global electrochemical energy storage scale will reach 25 GWh, with a growth rate of 150%. The United States grew the fastest, accounting for almost half of the market, followed by China. The global share of China, the United States and Europe has further increased.

   The global photovoltaic market is growing steadily, with the construction volume exceeding 150GW in 2021 and approaching the 200GW mark in 2022. It is expected that the growth rate of the energy storage market will increase significantly from 2026, and the cumulative scale will exceed 1,000GWh by 2030.

The main developing countries (regions) in the global energy storage market are the United States, China, and Europe, and the proportion of the three is close to 85%. Although the United States is still the leader in the energy storage market in recent years, China is based on the largest photovoltaic market and vigorous energy storage policies. Under the implementation, there is a chance that the annual demand for energy storage will exceed the United States in 2024-2025. It can be seen from this that the global energy structure is changing, and it will rise steadily in the next 30 years. We predict that before 2030, it will be a golden development period.

1. Photovoltaic

In 2021, the global photovoltaic installed capacity will increase by 170GW, and by 2030, the annual installed capacity will reach 630GW

In the next 5 years, the newly installed photovoltaic capacity will maintain an average annual compound growth rate of 15-20%

2. Energy storage

In 2021, the global installed capacity of energy storage is about 37GWh, and it is expected that by 2030, the energy storage market in the United States and Europe will reach 400GWh and 100GWh, accounting for 48% of the global share.

It is expected that the global installed capacity of energy storage is expected to increase to 351GWh by 2026, and the compound growth rate of energy storage in the next five years will be as high as 57%

Friends, the above are some of our discussions on the development trend of solar photovoltaic systems in the future. If you want to know more details, you can contact us or leave us a message. If you need to buy solar products, you can also contact us, we are a one-stop energy storage system solution provider, We provide one-stop solar solutions, including solar PV panels, solar invertersenergy storage batteriesall-in-one solar systemsoutdoor emergency portable power stations, battery packs, battery cell, etc.

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