2022 future trends of photovoltaic energy storage

What are the top trends in solar and storage in 2022?

Below are four top trends in solar and storage in 2022. Distributed generation (DG), defined by IHS Markit as PV systems below 5 MW, was estimated to grow by 20% in 2022. The segment continues to demonstrate strong resilience through the pandemic and a challenging high-cost environment.

What's new in solar & storage in 2022?

IHS Markit has published a new review of recent trends in solar and storage. Solar and storage dominated IHS Markit's latest annual report on clean-tech trends for 2022. Distributed generation (DG), which the research firm defines as PV systems below 5 MW in size, grew by an estimated 20% in 2022.

What is the global solar PV market like in 2021?

The last decade saw a surge in solar growth, with the global solar PV market increasing by 445%, raising from 30 GW in 2011 to 163 GW in 2021 . Initially driven by European installations, since 2012 the market has been led by the Asia-Pacific region, which accounted for 57% of annual additions in 2021, and 59% of the global PV fleet.

What are the trends in solar PV technology?

A steady trend in technology improvements is observed, with crystalline solar PV being the dominant technology in the market. Increasing scales of production have also led to significant cost reductions in the per watt cost of solar modules.

What is the status of solar technology developments?

The paper outlines the status of solar technology developments as covered in the World Solar Technology Report. A steady trend in technology improvements is observed, with crystalline solar PV being the dominant technology in the market.

What's happening in the photovoltaics industry?

This document provides the most comprehensive global overview of the development of the Photovoltaics sector, covering policies, drivers, technologies, statistics and industry analysis. The market grew again to 174 GW in 2021 and even more was installed in 2022 despite the second year pandemic and despite the end-of-year disruptions in Asia.