Distributed Solar PV Plus Energy Storage Systems

Solar PV and Advanced Battery Energy Storage Applications for Residential, Commercial and Industrial, and Remote, Off-Grid Sectors:
Global Market Analysis and Forecasts

The growth of distributed energy resources (DER) is changing how electricity is delivered by the grid to end users. Distributed solar PV has grown to become a valuable part of the global power generation mix and is forecast to grow substantially in the next several years. Many residential and commercial and industrial (C&I) sector customers are beginning to shift away from solely purchasing electricity from their local utilities to procuring a diverse suite of onsite technologies that includes solar PV and (soon) energy storage. The rapid growth of distributed solar PV in recent years has helped drive the transformation of a grid system that is increasingly affected by DER.

However, the value of standalone solar PV systems is contentiously debated throughout the United States and in other grid regions. In remote locations without access to electricity or reliable grid electricity service, the story is different. Remote residential customers do not have grid access or are often on unreliable grid connections, and many residents will turn to distributed solar PV plus energy storage (DSES) to meet their basic daily needs. An emerging confluence of technical, economic, and regulatory factors is beginning to drive growth in the residential, C&I, and remote, off-grid DSES markets. According to Navigant Research, the annual global market for the deployment of DSES is expected to reach 27.4 GW and $49.1 billion by 2026.

This Navigant Research report analyzes the global market for DSES systems in three key segments: residential, C&I, and remote, off-grid. The study provides an analysis of the market issues, including drivers and barriers, associated with DSES. Global market forecasts for capacity and revenue, broken out by segment, battery technology, and region, extend through 2026. The report also examines the key DSES trends by geography, with a focus on the three key market segments.

Key Questions Addressed:
  • What are the market drivers and barriers for the deployment of distributed solar PV plus and energy storage (DSES) systems in the residential market segment?
  • What are the market drivers and barriers for the deployment of DSES systems in the commercial and industrial (C&I) market segment?
  • What are the market drivers and barriers for the deployment of DSES systems in the remote, off-grid market segment?
  • What are the regional trends affecting the deployment of DSES systems
  • What are the market forecasts for the deployment of DSES systems through 2026?
Who needs this report?
  • Solar PV project developers
  • Solar PV technology manufacturers
  • Energy storage project developers and systems integrators
  • Energy storage technology manufacturers
  • Federal, state, and local policymakers
  • Non-governmental organizations
  • Investor community

Table of Contents

1. Executive Summary

1.1    Introduction

1.2    Market Driver Highlights

1.3    Forecast Highlights

2. Market Issues

2.1    Distributed Solar PV and Energy Storage Market Overview

2.1.1   Residential Solar PV Plus Energy Storage

2.1.2   C&I Solar PV Plus Energy Storage

2.1.3   Remote, Off-Grid Solar PV Plus Energy Storage

2.2    Key DSES Market Drivers

2.2.1   Common Market Drivers

2.2.1.1    Technical and Economic Synergy

2.2.1.2    Falling System Costs

2.2.1.3    Industry Maturation

2.2.1.4    Alignment of Regulatory Drivers and Benefits

2.2.2   Residential Solar PV Plus Energy Storage Drivers

2.2.3   C&I Solar PV Plus Energy Storage Drivers

2.2.4   Remote, Off-Grid Solar PV Plus Energy Storage Drivers

2.3    Key DSES Market Barriers

2.3.1   Common Market Barriers

2.3.1.1    Current High Capital Costs

2.3.1.2    Low Natural Gas Costs

2.3.1.3    Conflicting Incentives and Complex Regulatory Structures

2.3.1.4    Responsibility for Intermittency Issues

2.3.1.5    Technical Limitations

2.3.1.6    Limited Market Awareness

2.3.2   Residential Solar PV Plus Energy Storage Barriers

2.3.3   C&I Solar PV Plus Energy Storage Barriers

2.3.4   Remote, Off-Grid Solar PV Plus Energy Storage Barriers

2.4    Key DSES Trends by Geography

2.4.1   Residential Solar PV Plus Energy Storage

2.4.2   C&I Solar PV Plus Energy Storage

2.4.3   Remote, Off-Grid Solar PV Plus Energy Storage

3. Market Forecasts

3.1    Introduction

3.2    Methodology

3.3    North American DSES Market Forecast

3.4    Western Europe DSES Market Forecast

3.5    Eastern European DSES Market Forecast

3.6    Asia Pacific DSES Market Forecast

3.7    Latin American DSES Market Forecast

3.8    Middle East DSES Market Forecast

3.9    Africa DSES Market Forecast

3.10   Conclusions and Recommendations

3.10.1   Residential Solar PV Plus Energy Storage

3.10.2   C&I Solar PV Plus Energy Storage

3.10.3   Remote, Off-Grid Solar PV Plus Energy Storage

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual Distributed and Remote, Off-Grid Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Region, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, North America: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Western Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Eastern Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Asia Pacific: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Latin America: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Middle East: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity and Vendor Revenue by Segment, Africa: 2017-2026
  • The Energy Cloud
  • Example C&I Solar PV Plus Energy Storage Savings Scenario

List of Tables

  • Key Solar PV and Energy Storage Relationships in the Nanogrid Space
  • Comparison: Solar PV Plus Energy Storage Drivers and Barriers by Segment
  • Top 25 Highest Retail Residential Electricity Rates by State, United States: 2016
  • Top 25 Highest Commercial Electricity Rates by State, United States: 2016
  • Total Residential Solar PV Capacity by Region, World Markets: 2017-2026
  • Total C&I Solar PV Capacity, 1 MW and Below, by Region, World Markets: 2017-2026
  • Average Installed Residential Solar PV Plus Energy Storage CAPEX Costs by Technology, World Markets: 2017-2026
  • Average Installed C&I Solar PV Plus Energy Storage CAPEX Costs by Technology, World Markets: 2017-2026
  • Average Installed Remote, Off-Grid Solar PV Plus Energy Storage CAPEX Costs by Technology, World Markets: 2017-2026
  • Annual Distributed and Remote, Off-Grid Solar PV Plus Energy Storage Power Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Distributed and Remote, Off-Grid Solar PV Plus Energy Storage Energy Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Distributed and Remote, Off-Grid Solar PV Plus Energy Storage Vendor Revenue by Region, World Markets: 2017-2026
  • Annual Residential Solar PV Plus Energy Storage Power Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Residential Solar PV Plus Energy Storage Energy Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Residential Solar PV Plus Energy Storage Vendor Revenue by Region, World Markets: 2017-2026
  • Annual C&I Solar PV Plus Energy Storage Power Capacity Deployments by Region, World Markets: 2017-2026
  • Annual C&I Solar PV Plus Energy Storage Energy Capacity Deployments by Region, World Markets: 2017-2026
  • Annual C&I Solar PV Plus Energy Storage Vendor Revenue by Region, World Markets: 2017-2026
  • Annual Remote, Off-Grid Solar PV Plus Energy Storage Power Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Remote, Off-Grid Solar PV Plus Energy Storage Energy Capacity Deployments by Region, World Markets: 2017-2026
  • Annual Remote, Off-Grid Solar PV Plus Energy Storage Vendor Revenue by Region, World Markets: 2017-2026
  • Annual Residential Solar PV Plus Energy Storage Power Capacity Deployments by Battery Technology, World Markets: 2017-2026
  • Annual C&I Solar PV Plus Energy Storage Power Capacity Deployments by Battery Technology, World Markets: 2017-2026
  • Annual Remote, Off-Grid Solar PV Plus Energy Storage Power Capacity Deployments by Battery Technology, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, North America: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Western Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Eastern Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Asia Pacific: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Latin America: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Middle East: 2017-2026
  • Annual Solar PV Plus Energy Storage Power Capacity Deployments by Segment, Africa: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, North America: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Western Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Eastern Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Asia Pacific: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Latin America: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Middle East: 2017-2026
  • Annual Solar PV Plus Energy Storage Energy Capacity Deployments by Segment, Africa: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, World Markets: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, North America: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Western Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Eastern Europe: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Asia Pacific: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Latin America: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Middle East: 2017-2026
  • Annual Solar PV Plus Energy Storage Vendor Revenue by Segment, Africa: 2017-2026

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