Global Residential Solar Energy Storage Market to Grow at a CAGR of 67.6% During Forecast 2015-2019
The global residential solar PV market has been growing since the past four to five years. Energy storage plays a vital role in solar PV installation, as it can store surplus electricity that can be utilized during power outages. This storage using a battery is useful when the amount of electricity generated is greater than the electricity demand. It helps regulate and smoothen the power supply. Various technologies such as li-ion, lead-acid, sodium-sulfur, and other advanced technologies are available for...
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