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According to a new report from Navigant Research, the Asia-Pacific region will account for 43.
2%
of the global energy storage power conversion system market by 2027.
Asia-Pacific to account for 43.
2% of the global energy storage power conversion system market in 2027
With the continuous development and innovation of the global energy storage industry, power conversion systems are becoming a key technology
to facilitate extensive grid integration.
This is particularly representative in the Asia-Pacific region, which is the largest and fastest growing energy storage market
.
"While Asia Pacific is expected to dominate the global share of the power conversion systems market, North America and Western Europe will also see large markets
for new total energy storage capacity and power conversion systems revenue.
" Alex Eller, senior research analyst at Navigant, said, "In addition, a significant portion of Western Europe's energy storage capacity is expected to come from higher-priced distributed generation systems
.
”
According to the report, the main market for distributed energy resources is an important enabler for improving power conversion system technology, and regulation is moving towards the need for smart inverters for distributed energy resources
.
While companies around the world are implementing many power conversion systems and have introduced several new technological innovations to the industry, including smart islands, backup power, low cost based on modern materials and designs, and automatic backup support
.
，
According to a new report from Navigant Research, the Asia-Pacific region will account for 43.
2%
of the global energy storage power conversion system market by 2027.
Asia-Pacific to account for 43.
2% of the global energy storage power conversion system market in 2027
2% of the global energy storage power conversion system market in 2027
With the continuous development and innovation of the global energy storage industry, power conversion systems are becoming a key technology
to facilitate extensive grid integration.
This is particularly representative in the Asia-Pacific region, which is the largest and fastest growing energy storage market
.
"While Asia Pacific is expected to dominate the global share of the power conversion systems market, North America and Western Europe will also see large markets
for new total energy storage capacity and power conversion systems revenue.
" Alex Eller, senior research analyst at Navigant, said, "In addition, a significant portion of Western Europe's energy storage capacity is expected to come from higher-priced distributed generation systems
.
”
According to the report, the main market for distributed energy resources is an important enabler for improving power conversion system technology, and regulation is moving towards the need for smart inverters for distributed energy resources
.
While companies around the world are implementing many power conversion systems and have introduced several new technological innovations to the industry, including smart islands, backup power, low cost based on modern materials and designs, and automatic backup support
.
，
