Technology & Demand Forecast for Energy Storage and Solar PV to 2020

  • ID: 4313211
  • Report
  • 126 Pages
  • Wind Power Monthly: Intelligence Division
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Asia-Pacific, Driven By China, Will Be by Far the Biggest Regional Market, Both in Terms of Annual Additions and Cumulative Capacity by the End of 2020

FEATURED COMPANIES

  • ABB
  • Ciel et Terre
  • Hecate Energy
  • National Grid
  • ReneSolar
  • SONI
  • MORE

While it has faced some turbulent times in recent years, the global solar PV industry has continued to rise up the ranks of competitive alternative power supply technologies. In 2014, 45GW of new solar PV plant was added globally to take cumulative installed capacity worldwide to just over 174GW, according to the International Energy Agency (IEA). In 2015, a further 57GW was installed, says Bloomberg New Energy Finance (BNEF), with China and the US installing the most.

With the wind industry installing in the region of 64GW of new capacity last year, according to BNEF, there is no doubt that solar PV is now firmly closing the gap between the two renewable energy technologies. And like onshore wind, the cost of solar PV electricity is firmly on a downward trend. Meantime, energy storage technology is widely recognised to be a critical development to ensure greater integration of solar PV (and other renewables) into grid networks. It will help network operators to better implement demand side management strategies while incorporating renewable electricity.

In this report, we provide an overview of the current status of the global solar PV market and related energy storage development, and assesses the outlook for the future, discussing policy measures, market drivers, and key challenges for technology developers, equipment manufacturers, project developers and operators. Regional forecasts for annual installed solar PV capacity to 2020 are also included along with forecasts for the key countries within each region. The report also analyses the latest trends relating to production, price and performance of solar PV and energy storage. There are significant reasons for optimism going forward, but what is clear is the industry still has a tough time ahead of it in some regions, with growth stymied.

The sudden withdrawal last year of support in some key markets, particularly in Europe, means the outlook for the next few years is less bright than previously thought. That is not to say, it is all doom and gloom necessarily. We expect around 51GW of new solar PV plant to be installed this year globally, dropping to 47.4GW of new additions in 2017. With a further 175.8GW expected to be added during the period 2018–20, global cumulative installed solar PV capacity is expected to reach just under 493GW. Asia-Pacific, driven by China, will be by far the biggest regional market, both in terms of annual additions and cumulative capacity by the end of the forecast period.

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FEATURED COMPANIES

  • ABB
  • Ciel et Terre
  • Hecate Energy
  • National Grid
  • ReneSolar
  • SONI
  • MORE

1 Global solar PV market

  • Overview
    • Global cumulative installed capacity, 2015
    • Regional installed capacity, 2015
    • Europe installed capacity
    • North America installed capacity
    • Asia-Pacific installed capacity
    • Rest of the world installed capacity
  • Policy support mechanismsand market drivers
  • Challenges and barriers
  • Market outlook
  • Global annual installed capacity forecast to 2020
  • Regional capacity forecast to 2020
    • Europe forecast to 2020
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Belgium
      • Other European countries
    • North America forecast to 2020
      • US
      • Canada
    • Asia-Pacific forecast to 2020
      • China
      • Japan
      • Other Asia-Pacific countries

2. Technologies

  • Overview
  • Solar PY components
    • PV modules and arrays
      • Conventional silicon cell technology
      • Thin-film technology
      • Multi-iunction cell technology
      • Other advanced PV cell technology
  • Balance of systemcomponents
    • Cabling
    • Mounting and trackers
      • Racking
      • Trackers
      • Inverters
      • Batteries/ energy storage
      • Monitoring and metering

3. Solar PV inverters market

  • Overview
  • Inverter technologies
    • Rooftop segment
    • Commercial and utility-scale segments
  • Marketdrivers and opportunities
  • Market restraintsand challenges
  • Marketoutlook
    • Residential segment
    • Commercial and utility-scale segments

4. Energy storage for solar PV

  • Overview
  • Current status of energy storage market
    • Storage technologies
      • Aqueous ion
      • Ultra/supercapacitors
      • Flywheels
      • Behind-the-meter energy storage
      • Utility-scale storage
    • Marketdrivers and opportunities
      • Behind-the-meter storage
      • Utility-scale storage
      • Integrating energy storage with wind power
  • Market restraints and challenges
  • Market outlook

5. Industry trends

  • Solar PY production trends
  • Solar PY shipments and revenue
  • Solar PY manufacturers
  • Inverter trends
  • Storage trends

6. Price and performance trends

  • Solar PY module price trends
  • Solar PY resources
  • Solar PY capacity factor
  • Solar PY module efficiency and reliability
  • Solar PY installation cost trends
  • Solar PY operation and maintenance
  • PY inverter performance and price trends
  • Solar PY storage performance and price trends
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  • ABB
  • ActewAGL
  • Advanced Energy
  • Advanced Microgrid Solutions (AMS)
  • AEG Power Solutions
  • AES Corporation
  • AES Energy Storage
  • AGL
  • Alevo
  • Amber Kinetics
  • Amonix
  • ANIE Rinnovabili
  • Aquion Energy
  • Arzon Solar
  • Ascent Solar
  • Astroenergy
  • Autoridad de Energía Eléctrica (AEE)
  • Beacon Power
  • Belectric
  • BMW
  • Bonfiglioli
  • Bosch
  • BP
  • Brittmore
  • Bürger Speichern Energie
  • BYD
  • Canadian Solar
  • CECEP
  • China Guodian Corporation
  • Ciel et Terre
  • Convergent
  • Daimler
  • Danfoss
  • Department of Climate Change (DECC)
  • Deutsche Bank
  • E.on
  • EDA
  • Eguana Technologies
  • EirGrid
  • Electron
  • ENDS Intelligence
  • Enphase
  • Ergon Energy
  • ET Solar
  • Federal Energy Regulatory Commission (FERC)
  • First Solar
  • Ford Motor Compan
  • Fraunhofer Institute for Wind Energy and Energy System Technology
  • Freqcon
  • GE
  • Gildemeister/Cellstrom
  • Gintech
  • Goldwind
  • Greensmith Energy
  • Hanergy
  • Hangzhou Yijing
  • Hanwha Q Cell
  • Hareon Solar
  • Hawaiian Electric
  • Haymarket Business Media Ltd
  • Hecate Energy
  • Heliafilm
  • Heliatek
  • Hitachi
  • Huawei
  • IBC Solar
  • Imergy
  • Ingeteam
  • International Electricity Commission
  • International Energy Agency (IEA)
  • International Energy Agency (IEA)
  • International Technology Roadmap for Photovoltaics (ITRPV)
  • Invenergy
  • IRENA
  • JA Solar
  • Jiangsu Zeversolar New Energy
  • Jink
  • Jinko Solar
  • Juwi
  • Kokum
  • Kyocera
  • Lapp Group
  • Lawrence Berkeley National Laboratory
  • Leclanché
  • LG Chem
  • Lichtblick
  • Lightsource Renewable Energy
  • Longyuan Group
  • Mercom Capital
  • Meyer Burger
  • MiaSolé
  • Mitsubishi Corporation
  • Mitsui
  • MoTech
  • National Grid
  • National Renewable Energy Laboratory (NREL)
  • New Energy and Industrial Technology Development Organization (NEDO)
  • New Sunshine
  • Nexans
  • Next Era Energy
  • Next Phase Solar
  • Nextracker
  • NGK Insulators
  • Ningxia Electric Power
  • Nissan
  • Oerlikon
  • Omron
  • OptiSolar
  • ORISI New Energy
  • Oshawa Power
  • Oxford PV
  • Pacific Gas and Electric Company
  • Pacific International Center for High Technology Research
  • Panasonic
  • Parker Hannifin
  • Phoenix Solar
  • PJM Interconnection
  • Power One
  • Powerstream
  • Primus Power
  • Prysmian
  • Puerto Rico Electric Power Authority (PREPA)
  • REC
  • Red Flow
  • REDT
  • Renault
  • ReneSolar
  • RES
  • Réseau de transport d’électricité (RTE)
  • Reuters
  • Risen Energy Co.
  • Rocky Mountain Institute (RMI)
  • Rongke Power
  • RWE Group
  • RWE Supply & Trading
  • S&C Electric
  • SA Power Networks
  • Saft
  • Samsung SDI
  • San Diego Gas & Electric (SDG&E)
  • Sanyo
  • Schwungrad Energie
  • SEMI
  • Shunfeng Int.
  • Siemens
  • Silevo
  • Skytron Energy
  • SMA
  • Solar Edge
  • Solar Energy Industries Association (SEIA)
  • Solar Frontier
  • Solar Max
  • Solar Power Europe Association
  • Solar World
  • Solarbridge
  • Solarcity
  • Solibro
  • Solyndra
  • SONI
  • Sonnen
  • Sony
  • Sopsolar
  • Southern California Edison
  • Steag
  • Stem
  • Sun Edison
  • Sungrow
  • Sunlink
  • Sunpower
  • Sunrise
  • SunTech
  • Sunverge
  • Tabuchi Electri
  • Taiwan Semiconductor Manufacturing Company (TSMC)
  • Tata Power Solar
  • Terna
  • Tesla
  • Tigo
  • TMEIC
  • Toshiba
  • Trina Solar
  • University of California, Berkeley
  • University of Neuchatel
  • University of New South Wales
  • University of Oxford
  • Utilities Corporation
  • Volkswagen
  • VREG
  • Win Inertia
  • World Energy Council
  • Yingli
  • Younicos
  • ZNShine Solar
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