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Infographic: Energy Storage (PCS) - Market Overview

23 November 2021 Siqi He

Shipments of energy storage inverters more than doubled in 2020 to reach over 11 GW. As the world's major economies increasingly unite in moving faster toward an energy transition, and governments look to stimulate growth in their economies, renewable energy and energy storage stand to benefit. This opens up significant opportunity for energy storage inverter suppliers, who continue to invest in new products to meet demands of different systems with hopes of gaining market share.

Some of the questions answered in this report are outlined below:

  • How much energy storage inverters are expected to be shipped globally over the next 5 years?
  • Where are the biggest markets for energy storage inverters in both shipment and revenue terms over the forecast period?
  • How are energy storage inverter prices forecast to change throughout forecast period?
  • Which power rating is forecast to dominate the global shipments?
  • Who are the main energy storage inverter suppliers and how do their market shares vary by region and by geography?

To learn more about our Global Clean Energy Technology service and research, click here.

Posted 23 November 2021 by Siqi He, Research Analyst, Clean Technology & Renewables, S&P Global Commodity Insights

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