European energy storage sales in 2025

How did the European storage market perform in 2020?

According to the study, newly installed capacity from storage systems in private households rose by 44% in 2020 compared to the previous year. Despite difficult market conditions due to the COVID-19 crisis, approx. 140,000 systems installed saw the European storage market exceed 100,000 installed battery units for the first time.

When will European energy storage start?

In the European energy storage market, Eastern European countries started later than their Western European counterparts. In September 2022, Romania announced a goal to deploy 480 MWh of battery energy storage by 2025.

Is Europe a leader in residential energy storage?

While China and the US dominate the market, Europe leads in residential energy storage – and this is set to expand on the continent by nearly tenfold this decade. However, by 2023 Europe will give up its leadership position to the Americas, where there will be further investment in the residential segment.

Which countries will invest in energy storage in 2023?

However, by 2023 Europe will give up its leadership position to the Americas, where there will be further investment in the residential segment. Currently, Germany, Italy, Austria and the UK are the residential energy storage market leaders, while its development in the rest of Europe has been slow and marginal.

Will energy storage grow in 2022?

Global energy storage’s record additions in 2022 will be followed by a 23% compound annual growth rate to 2030, with annual additions reaching 88GW/278GWh, or 5.3 times expected 2022 gigawatt installations. China overtakes the US as the largest energy storage market in megawatt terms by 2030.

How much storage capacity does Germany have in 2020?

Installation figures for 2020 indicate that the German market accounts for around 70% of the total installed capacity in the European residential storage system market, making it a force that cannot be overlooked. According to these figures, newly installed storage capacity in Germany grew by 51% to 749 MWh in 2020 compared to the previous year.