In the past decade, European energy storage market has achieved remarkable growth, with the increase of new installed capacity every year. In 2011, the new installed capacity in Europe was only 4mwh, and the energy storage market was emerging. In 2019, the newly added installed capacity jumped to 1672mwh, an increase of 83.74% compared with that in 2018.

With the acceleration of energy structure adjustment in European countries, the domestic energy storage market has developed rapidly. At present, Europe has become the largest domestic energy storage market in the world. According to solarpower Europe data, the new installed capacity of domestic energy storage in Europe reached 745mwh in 2019, an increase of 57% year-on-year; The accumulated installed capacity reached 1997mwh, an increase of 60% year on year.

Germany is the leader of European household energy storage market, with 66% of new installed capacity in 2019. Although affected by COVID-19, the German household energy storage market is still growing at 2020Q1, and the total installed capacity will soon exceed 1000MW.

The proportion of renewable energy power supply continues to increase, promoting the development of energy storage market. As an industry leader, XIAMEN ART SIGN CO., LTD focuses on a wide range of roof and ground mounting systems. We hope we will have the opportunity to move forward with customers and renewable energy around the world.

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