By 2025, the total capacity of domestic photovoltaic energy storage system in the European market will reach 12.8GWH

By 2025, the total capacity of domestic photovoltaic energy storage system in the European market will reach 12.8GWH

In 2020, the European market broke the 100000 installation mark of photovoltaic energy storage system devices, and the cumulative installed capacity reached 3gwh, breaking the threshold for the first time.

Solar power Europe said that the data will continue to accelerate the rise, and the combination of economic and non economic drivers will promote the growth trend of 400% of installed capacity in five years. The latest annual market report of the European Trade Association predicts that the installed residential capacity of the whole European continent will reach 12.8gwh by 2025.

At first, due to environmental problems and the desire for energy independence, Germany took the lead in developing the photovoltaic power generation market. Now, the economic situation is more favorable. Germany has become the largest residential energy storage battery market in Europe. The average power cost of German households with solar photovoltaic energy storage system is about one third lower than that of households without the system, About 60% of households choose to jointly install new solar photovoltaic systems and battery energy storage systems.

Walburga hemetsberger, CEO of solar power Europe, said: "With the popularity of household photovoltaic energy storage systems, more and more families realize that household energy storage systems will maximize the value of their solar photovoltaic systems. Although the European market has been affected by the impact of energy prices related to natural gas, solar photovoltaic energy storage systems are a clear solution to deal with energy price fluctuations."

For 2021, solar power Europe predicts that the cumulative installed capacity of the European market will reach 4.4gwh.

It is worth noting that Germany, Italy, the United Kingdom, Austria and Switzerland account for 93% of the market share in Europe, of which Germany alone accounted for 70% of the European market in 2020. Solar power Europe said that at present, this trend may remain unchanged. Even by 2025, the five countries may still hold about 88% of the European market share.