3 FAQs about Global solar battery cabinet shortage

How big is battery storage capacity in the power sector?

Battery storage capacity in the power sector is expanding rapidly. Over 40 gigawatt (GW) was added in 2023, double the previous year's increase, split between utility-scale projects (65%) and behind-the-meter systems (35%).

Will solar oversupply continue in 2025?

Consulting firm InfoLink has predicted a small annual rise in global solar demand in 2025, but has noted there could actually be a retreat. Most observers expect PV oversupply to continue in 2025, with numerous bankruptcies among solar distributors and installers, while manufacturers are generally managing to hold on.

How are tariffs affecting the solar industry?

Tariffs and other trade measures are locking imported products out of leading markets, particularly the United States and India. The solar boom of recent years has ensured many nations need to laboriously upgrade their grids and slow progress has been exacerbated by a shortage of transformers and other equipment.

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