Aug 15, 2025 · The global outdoor power supply market, valued at $1,594 million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of
Jul 26, 2023 · The global outdoor power supply market size was valued at approximately USD 1.8 billion in 2023 and is projected to grow to around USD 4.5 billion by 2032, exhibiting a
Aug 1, 2025 · The Department of Energy estimates that nearly 19 GW will come online just in 2025 after 10.4 GW were added last year—second in the world after China—although tariff
At the same time, electricity supply from renewables, natural gas and nuclear continues to grow, with all set to reach new milestones. This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year.
GlobalData’s recent report outlines what to expect from the power sector in 2025. Credit: Amgun via Getty Images. As the world transitions toward cleaner energy sources and grapples with critical political shifts, 2025 is shaping up to be a pivotal year for the power sector.
According to Power Technology parent company GlobalData’s Power Predictions 2025 report, several key themes are set to dominate the global power landscape this year, from geopolitical shifts affecting supply chains to advancements in electric vehicles (EVs), energy storage, nuclear power and hydrogen.
Global electricity demand is forecast to increase by an average annual 3.3% in 2025 and by 3.7% in 2026, a moderation from 4.4% in 2024 but still some of the highest growth rates observed over the last decade. This is a slight downward revision from our previous forecast in February 2025 of 4% growth for this year and 3.8% in 2026.
Global hydropower generation, the largest source of renewable electricity supply globally with a 14% share, is forecast to remain relatively flat in 2025 amid droughts in the first half in various regions, after a significant recovery in 2024 following the strong reductions due to droughts the year before.
The International Energy Agency’s Electricity 2025 provides a deep and comprehensive analysis of all these trends as well as recent policy developments. For the period 2025 through 2027, it forecasts electricity demand, supply and carbon dioxide (CO2) emissions for select countries, by region and worldwide.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.