Future energy storage inverter field forecast

What will storage be like in 2025?

Europe saw a pivotal moment when the grid-scale segment experienced a significant surge, surpassing the distributed segment for the first time. In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise.

Which emerging markets will lead the storage industry in 2025?

In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise. Saudi Arabia will lead the charge, fuelled by its expansion of solar and wind generation.

Why is energy storage important?

And more. The global energy storage market had a record-breaking 2024 and continues to see significant future growth and technological advancement. As countries across the globe seek to meet their energy transition goals, energy storage is critical to ensuring reliable and stable regional power markets.

Will the solar market grow in 2025?

Despite this, strong growth is expected until 2025 with the United States becoming the largest single market globally from 2020 through 2023 owing to strong uptake in utility-scale solar plus storage driven by the ITC. Deployment in 2019 was subdued, with the residential segment the only market growing in 2019.

Will energy procurement be a frenzy in 2025?

Expect an energy procurement frenzy in 2025. For the first time in decades, utilities and grid system operators are having to plan for immense load growth. 53 GW of ‘large loads’ – including data centres and manufacturing facilities – will come online over the next 10 years.