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Storage System Market on the Rise

DOMESTIC AND COMMERCIAL STORAGE SYSTEMS ARE KEY DRIVING FORCES

In comparison to 2016, the European market for energy storage systems grew by 49 percent to nearly 600 MWh in 2017. This is the central message of the biannual European Market Monitor on Energy Storage (EMMES) which is published by Delta-ee in cooperation with the European Association for Storage of Energy (EASE). According to Delta-ee, the two most important forms of BTM energy storage – private and C&I systems – are expected to grow by a further 45 percent in 2018.

Strong growth figures can also be seen in the US market. Wood Mackenzie, a British energy research and consulting firm, predicted that the US energy storage market would reach more than 500 million USD in sales in 2018. But it is the growth prognoses that are particularly interesting – their study projects that the US market will double in size in 2019 and will reach around four times its 2018 volume by 2020. The number of private storage systems has most recently increased by 61 percent per quarter, making the domestic storage system market the leading sector for both installed storage performance and storage capacity. Germany is the largest national market for domestic storage systems both in Europe and around the world. Italy is enjoying the most dynamic growth, and is also one of the countries with the most visitors and exhibitors at ees Europe.

Related conference sessions:

Energy Storage Market Overview - What are the Applications Driving the Market?  

Rewriting the Rules: Innovative Business Models in the Energy Storage Sector

Compare and Contrast: An Open Discussion of Real-World Implementation

ees Forum program overview: available by end of March

ees Europe exhibitor list

DOMESTIC AND COMMERCIAL STORAGE SYSTEMS ARE KEY DRIVING FORCES