Germany is expected to lead the global PV energy storage market

According to the IHS study, it is expected that the global PV energy storage market is expected to increase from last year's $ 200 million by 2017 to $ 19 billion. Is expected to surge in the size of the storage market by Germany to lead the storage system through the introduction of photovoltaic subsidies, Germany has taken the lead in promoting the technology enabled.

Entered into force on May 1, it is expected that the subsidy will reduce the cost of PV grid connected inverter systems with storage twenty years, 10% less than the storage system. IHS is expected, which will result in Germany install about 2GWh the efficient storage installed capacity in the next five years. Market will increase to $ 19 billion in 2017. IHS PV analyst Sam Wilkinson (SamWilkinson), said: "As the domestic tariff is significantly more than the residential feed-in tariff rates, since the consumption for residential PV systems increased interest in maximizing the system's financial gains." 

Therefore, before the release of the 2012 subsidy, Germany 8mW photovoltaic systems have been installed storage The much-anticipated introduction of the subsidies will quickly be used to make the stored PV system life cycle cost is lower than the storage system The decline in subsidies will drive the cost of PV systems with storage. Overall, it is expected that Germany will drive to lead the global PV installed capacity of the storage system by 2017 up to 7GW, and Germany to encourage other countries to do likewise, especially when the feed-in tariff and other wind turbine inverter subsidies started to decrease.

Prices began to decline because of the technology, it is expected that the UK will start around 2014 energy storage to take off.
Wilkinson said: "We do expect other countries will follow the example of Germany, to take a similar subsidy program to promote the use of photovoltaic energy storage, in particular, to promote self-consumption and grid stability." In some markets even without subsidies, storage is a attractive proposition and residential PV systems, such as the United Kingdom, the UK market in 2014 is expected to start rapid development, it is expected that the battery prices have fallen sharply, making the photovoltaic storage to be financially viable. "

The report predicts that larger PV systems will begin to bring greater pressure due to the growing deployment of PV to the grid system, combined with storage technology. With storage utility-scale PV systems is expected by 2017 year-on-year growth of more than 2GW, Asia and the Americas led this market.