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According to their “Electrical Energy Storage Report Europe”, the Bonn-based analysts expect strong demand this year. They expect around 5 GWh to be installed in the first half of the year and a further 6 GWh in the second half of the year.
From ESS News EUPD Research is generally optimistic about the European market for residential battery energy storage systems (BESS) with up to 20 kWh capacity. According to their “Electrical Energy Storage Report Europe”, the Bonn-based analysts expect strong demand this year.
However, growth in the continent’s largest markets could slow down slightly – and as in the case of Germany, the number of new installations could even fall. According to EUPD Research, around 270,000 home storage systems were installed in Germany in the first half of 2024, roughly equivalent to the same period last year.
According to EUPD Research, around 270,000 home storage systems were installed in Germany in the first half of 2024, roughly equivalent to the same period last year. Nevertheless, analysts expect BESS installations in Germany to decline by 5% year-on-year.
Other storage includes compressed air energy storage, flywheel and thermal storage. Hydrogen electrolysers are not included. Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
Explore a comprehensive in-depth analysis of the global household energy storage market demand. Gain insights into trends, drivers, and future projections.
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Global installed energy storage capacity by scenario, 2023 and 2030 - Chart and data by the International Energy Agency.
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