In order to gather qualitative and quantitative information unique to the integration of electrochemical energy storage with photovoltaic systems, supply-side and demand-side stakeholders were interviewed during the primary study phase. CEOs, CTOs, VPs of manufacturing, heads of R&D for battery technology, and commercial directors from companies that make lithium-ion cells, battery management systems (BMS), inverter/OEMs, and solar-plus-storage integrators were among the supply-side sources. Grid operators from independent power producers, distribution utilities, and microgrid developers were among the demand-side sources, along with utility-scale procurement directors, C&I facility energy managers, residential solar installation contractors, and EPC (Engineering, Procurement, Construction) project managers. Primary research confirmed battery chemistry pipeline development timelines, validated technology segmentation splits, and collected information on utility procurement tender structures, net metering policy impacts, levelized cost of storage (LCOS) trajectories, and preferences for DC-coupled versus AC-coupled systems.
Primary Respondent Breakdown:
By Designation: C-level Primaries (32%), Director Level (30%), Others (38%)
By Region: North America (32%), Europe (30%), Asia-Pacific (28%), Rest of World (10%)
Capacity deployment mapping and revenue analysis along the energy storage value chain were used to determine the global market valuation. The following were part of the methodology:
Finding more than 40 important manufacturers and system integrators throughout the Middle East and Africa, Asia-Pacific, Europe, and North America
Product mapping between lead-acid (AGM, Gel, Flooded), lithium-ion (LFP, NMC, NCA chemistries), and flow battery (Vanadium Redox, Zinc-Bromine) technology categories
Examination of annual sales figures for solar-tied storage systems, such as battery cells, BMS, and integrated inverter-storage systems, both reported and projected
coverage of producers and distributors who will account for 65–70% of the world market in 2024
To get segment-specific valuations for behind-the-meter and front-of-the-meter installations, extrapolation is done using top-down (Tier 1/Tier 2 manufacturer revenue validation) and bottom-up (MWh deployed × ASP by country/segment) methodologies.