The grid-tied solar installation will include 675MW, or nearly 95% of the total 711MW market, while off-grid applications including telecom power claim the remaining 5%.
Meanwhile the off-grid market has higher profit margins.
The report said as lithium-ion batteries and overall storage arrays fall in price, residential systems will grow to 382MW in 2018.
Lux Research said the light commercial segment will increase to 220MW while heavy commercial/industrial systems lag, growing only to 73.3MW.
Lux Research senior analyst and a co-author of the report titled ‘Batteries Included: Gauging Near-Term Prospect for Solar/Energy Storage Systems’ Steven Minnihan said developers are pushing packaged solar and storage systems in order to stand out as value-adding leaders, but not all benefit equally.
"Residential energy storage will see a boost adoption due to solar, but the addition of storage will barely move the needle for solar players, driving a paltry 1% increase in global PV sales," Minnihan said.
