PV Storage Market Set to Explode to $19 Billion in 2017 - The Role of Energy Storage and Technological Requirements for the Development of a Sustainable Storage Market.

SUMMARY

The worldwide market for PV systems with storage is forecast to grow rapidly to reach $19 billion in 2017, from less than $200 million in 2012. Following the introduction of an energy storage subsidy in Germany, global installations of PV storage systems might grow by more than 100 percent a year on average over the next five years, to reach almost 7 gigawatts (GW) in 2017 and worth $19 billion. In the future, opportunities will exist in many regions and Germany's share of the global market naturally will fall as a result.

Sam Wilkinson

Sam Wilkinson is a research manager within the IHS Solar research group, leading its research on the PV inverter, BOS and energy storage markets. During his time working within the group, Sam has also been responsible for researching the PV module and polysilicon supply chain, working closely with leading global suppliers to develop detailed analysis on these markets. Sam has also been responsible for establishing primary research reports and benchmarking services for global system integrators and EPCs, and demand and policy trackers, complementing IHS' extensive research of the complete PV supply chain. Sam's analysis and commentary is regularly published by leading PV industry media, and also the global press. He has also presented at leading industry events and conferences. Sam graduated from The University of Nottingham with a degree in Engineering. Before beginning his career at HS, Sam worked as a structural engineer for one of Europe's leading engineering firms. He is based in IHS' Wellingborough office in the UK.

Dr. Matthias Vetter

Dr.-Ing. Matthias Vetter, Electrical Engineer, 13 years of experience at Fraunhofer Institute for Solar Energy Systems ISE. PhD thesis in the field of modeling and development of control strategies for fuel cell systems. Until 2005 project manager in the field of modeling, simulation and development of control strategies for distributed power generation systems. Until 2010 head of group "off-grid power supply". Since 2011 head of department "PV off-grid solutions and battery system technology". Work topics among others: Autonomous systems and mini-grids, decentralized grid connected PV battery systems, development of battery systems for stationary and automotive applications. Development and optimization of battery management systems, energy management systems as well as supervisory control strategies.

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