Batteries Included: Gauging Near-Term Prospect for Solar/Energy Storage Systems

July 08, 2013 | State of the Market Report

Oft-regarded as an inevitability, the concept of coupling solar with energy storage has seen an incredible amount of corporate mobilization, both in terms of partnerships and technology development. However, the technology itself remains deployed only in niche applications or small markets, without the champion market it needs to grow demand and infuse both industries with badlyneeded business.Over the next five years, the industry will grow at a torrid pace but remain small, at 711 MWof combined solar and storage hardware for a total market of $2.8 billion in 2018.Overall, the high penetration of intermittent solar on the grid will drive the majority of grid-tied demand for coupled storage in historically strong solar demand markets like Germany, Japan, and several U.S. states, while emerging markets present an attractive case down the road as storage prices decline.In off-grid applications, growth will lag behind the grid-tied market, but developers and suppliers will be able to defend higher profit margins in the face of high diesel fuel prices.

Coverage Areas

  • Energy Storage
  • Future Grid
  • Next Generation Power
  • Owning the Energy Transition

Table of Contents

  • Executive Summary
  • Landscape
  • Analysis
  • Outlook

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978