Demand and manufacturing capacity for inverters, solar PV modules and battery energy storage system cells in Europe, 2025

Sources

IEA analysis based on S&P Global PV Inverter Market Tracker and Energy Storage Inverter PCS Report, Infolink and Benchmark Mineral Intelligence.

Notes

BESS = battery energy storage systems. “Demand” refers to shipments for inverters and deployment for solar PV modules and BESS. BESS manufacturing capacity refers to the production capacity of battery cells for stationary energy storage systems. Inverter demand excludes "off-grid" installations which, at a global level, account for around 3% of total demand.