Technical FAQs 4

Will energy storage grow in 2025?

TrendForce expects that from 2024 to 2025, although the installations for energy storage still maintain a relatively high growth trend, but the CAGR will slow down significantly to 27%. The global installed capacity of energy storage will reach about 86GW/221GWh in 2025, a year-on-year growth of 27%/36%.

What will storage be like in 2025?

Europe saw a pivotal moment when the grid-scale segment experienced a significant surge, surpassing the distributed segment for the first time. In Latin America, momentum was built as storage deployments increased by 42%. In 2025, emerging markets for storage will be on the rise.

Why is energy storage a new focus for the energy sector?

Due to the acceleration of the global energy transition, energy storage has become a new focus for the energy sector. In the medium to long term, the growth of global energy storage installations may be guaranteed because of renewable energy targets around the world.

Will energy storage grow in 2024?

The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030.

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