According to Wood Mackenzie * new energy storage monitoring report, although large-scale power outage promotes sales of household energy storage, large-scale projects will begin to be increasingly dominate the US energy storage market. The US energy storage market continued to maintain a growth momentum in the third quarter of 2019, and the storage capacity increased by 93% compared to the same period last year. US Energy Storage Monitor estimates that the annual value of the US energy storage market will increase by about 32%, from $ 489 million in 2018 to $ 645 million in 2019, the expected energy storage market value will 737% were surged in the next five years and close to $ 5.4 billion.
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Woodmac expects that the amount of public utility purchases will increase. And in extreme events, including California Mountain, people have increased the interest of battery energy storage, which will help drive deployment of energy storage. According to Greentech Media, some power-on events are expected to promote sales of household batteries in 2020. In addition, these power failures also improve the urgency of CDAs and municipal utilities for residential and non-residential users to collect future storage projects. . Although California's residential and non-residential users have installed more energy storage projects, Woodmac predicts that the energy storage project will be faster after the form of public utilities.
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