Dateline City:
LONDON
With the energy storage market on the rise, more electronics component suppliers are expanding their businesses to provide energy storage inverters
LONDON (October 3, 2016) – As the energy storage market rises, and as prices for storage continues to fall, more than 900 megawatts of energy storage grid-tied inverters were shipped globally in 2015. The global energy storage inverter shipment is forecast to surge at a compound annual growth rate of 38 percent, to 4.5 gigawatts in 2020, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. Prices for energy storage inverters will continue to fall an average of 13 percent per year, from 2016 to 2020.
Language:
English
