According to IHS Markit, as the energy storage market rises, and as prices for storage continues to fall, more than 900 MW of energy storage grid-tied inverters were shipped globally in 2015. The global energy storage inverter shipment is forecast to surge at a compound annual growth rate of 38 percent, to 4.5 GW in 2020. Prices for energy storage inverters will continue to fall an average of 13 percent per year, from 2016 to 2020.
Source: IHS Markit
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