The market for energy storage inverters is growing. In the first half of 2018, GoodWe shipped energy storage inverters to Energy storage inverter consumers in Germany. The inverters convert DC to AC, and the DC from the batteries will be delivered to the power system, which in turn distributes the power to the consumer. These systems are essential for grid integration and are expected to increase in popularity in the coming years. The government’s support is essential to a rapid deployment of renewable energy projects.
GoodWe says that it expects to sell more energy storage inverters in the future. Its sales growth is expected to surpass 11GW by 2020. In contrast, in the first half of 2017, the company sold only 9.6 PCS inverters in Germany. The company expects this market to reach $6.8 billion in five years. The price of the inverters in Germany is 30% lower than the cost of residential electricity.
The overseas market for energy storage inverters is huge. In the first half of 2014, the company shipped two thousand units in the PCS segment, which was almost the same as its total shipments last year. Overall, energy storage inverters are expected to gain significant market share, as more people choose to utilize renewable energy. And as the market grows, costs will decrease. But the biggest benefit of energy storage inverters is the cost of their installation and maintenance.
In recent years, the market for energy storage inverters has been increasing exponentially. However, there has been a limited amount of information about the market in the United States. Currently, the majority of inverters are manufactured in overseas countries. The company produces a wide range of energy storage battery inverters for residential applications. They can be used in a variety of applications, including electric vehicles, industrial plants, and solar panels.
Tags: Energy storage inverter
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