{"id":57839,"date":"2021-10-20T08:00:53","date_gmt":"2021-10-20T06:00:53","guid":{"rendered":"https:\/\/www.vpsolar.com\/?p=57839"},"modified":"2021-10-21T08:41:44","modified_gmt":"2021-10-21T06:41:44","slug":"residential-battery-storage-in-europe-a-growing-market","status":"publish","type":"post","link":"https:\/\/www.vpsolar.com\/en\/residential-battery-storage-in-europe-a-growing-market\/","title":{"rendered":"Residential Battery Storage in Europe: a growing market"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>The <strong>residential storage<\/strong> market is <strong>born in 2013 in Germany<\/strong> after the closure of the feed-in-tariff, due to other mechanisms that encouraged self-consumption.<\/p>\n<p>The <strong>first residential storage systems<\/strong> came to life in the two main European markets in the following years and up to 2017 <strong>Germany, Italy and the United Kingdom<\/strong> were responsible for 90% of the installations.<\/p>\n<p>The 2% of this photovoltaic systems had batteries. Subsequently Austria, France and Switzerland also entered the market.<\/p>\n<h2>Installed in Europe almost 96,000 residential storage systems<\/h2>\n<p>During 2019 it has been installed in Europe almost 96,000 residential storage systems, for a total of approximately 745 MWh of capacity with a growth rate of 57% compared to the previous year. These data are contained in the new <a href=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2020\/11\/European-Market-Outlook-For-Residential-Battery-Storage-2020-2024.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>European Market Outlook For Residential Battery Storage 2020\u20132024<\/strong><\/a> published by SolarPower Europe.<\/p>\n<p>Almost 90% of all these systems have been installed by 5 countries: Germany, Italy, United Kingdom, Austria and Switzerland, which, as said before, have been protagonist of the market in the previous years.[vc_row][vc_column][vc_btn title=&#8221;Download: European Market Outlook For Residential Battery Storage 2020\u20132024 &#8221; color=&#8221;orange&#8221; align=&#8221;center&#8221; i_icon_fontawesome=&#8221;fas fa-download&#8221; button_block=&#8221;true&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Fwww.vpsolar.com%2Fwp-content%2Fuploads%2F2020%2F11%2FEuropean-Market-Outlook-For-Residential-Battery-Storage-2020-2024.pdf|target:_blank&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2>Growth of 9% in 2020<\/h2>\n<p>We know, 2020 is marked by the pandemic of COVID-19. As confirmed by Solar Power Europe, thanks to some incentives issued to some key countries such as Italy, Germany and Switzerland, the photovoltaic market grew by 9%.[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<h2>Greater self-consumption and incentives at the national or local level<\/h2>\n<p>The increase can be rated from two points of view. From the emotional one, it has been given by\u00a0 the homeowners who have seen the incentive rates disappear slowly and have been pushed towards <strong>self-consumption<\/strong>.<\/p>\n<p>From the other point of view, the economic one, the increase has been given by a lower cost of self-produced energy from a photovoltaic system with respect to the purchase from the grid and by a <strong>rapid decrease in the costs of storage systems<\/strong>.<\/p>\n<p>With the hope of a regression of the pandemic from 2021, the growth rate is expected to return to double digits.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;57826&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; onclick=&#8221;link_image&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2>Projections 2022 are expected to around 140.000 new storage systems per year<\/h2>\n<p>One of the most probable scenarios brings up to 1 GWh of cumulative capacity by 2022 which is equivalent to about 140,000 new systems per year. By 2024, in the rosiest scenario, could be reached cumulative 9 GWh, while in the more restrictive one 5.6 GWh.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_btn title=&#8221;Download: European Market Outlook For Residential Battery Storage 2020\u20132024 &#8221; color=&#8221;orange&#8221; align=&#8221;center&#8221; i_icon_fontawesome=&#8221;fas fa-download&#8221; button_block=&#8221;true&#8221; add_icon=&#8221;true&#8221; link=&#8221;url:https%3A%2F%2Fwww.vpsolar.com%2Fwp-content%2Fuploads%2F2020%2F11%2FEuropean-Market-Outlook-For-Residential-Battery-Storage-2020-2024.pdf|target:_blank&#8221;][\/vc_column][\/vc_row][vc_row equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<h2>Germany and Italy the main European markets for storage<\/h2>\n<p>The bulk of the installations between now and <strong>2024<\/strong> will continue to be in <strong>Germany, while Italy<\/strong>, second in this ranking, will be some distance away.<\/p>\n<p>Depending on the incentives that will be put in place, <strong>Austria and England will play for third place<\/strong>, while Switzerland will remain in fifth place.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;57828&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; onclick=&#8221;link_image&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2>Objectives of the European Community<\/h2>\n<p>To achieve the ambitious <a href=\"\/?p=52287\" target=\"_blank\" rel=\"noopener noreferrer\">objectives of the European Community<\/a> towards the energy transition, many tools will have to be put in place, both political incentives but also technical ones.<\/p>\n<p>This is because national and transactional electricity grids will have to support an increasing number of photovoltaic systems with distributed batteries.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The residential storage market is born in 2013 in Germany after the closure of the feed-in-tariff, due to other mechanisms that encouraged self-consumption. The first residential storage systems came to<\/p>\n","protected":false},"author":1,"featured_media":57846,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[6771,6773,6770,6772,4579,6769],"class_list":["post-57839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-battery-storage-en","tag-covid-19-en","tag-european-community","tag-european-market-outlook-for-residential-battery-storage-en","tag-germany","tag-residential-storage-systems"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Residential Battery Storage in Europe: a growing market<\/title>\n<meta name=\"description\" content=\"European Market Outlook For Residential Battery Storage 2020\u20132024 by Solar Power Europe during 2019 in Europe 745 MWh of capacity installed\" \/>\n<meta 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