- The specialist said that batteries for commercial and industrial (C&I) sectors are expected to have a CAGR of 13.2%.
- They told us that if the overall battery segment is growing at 15%, then they would expect batteries for the industrial segment to grow more rapidly. However, they added that this 15% also includes vehicles, which is dependent on infrastructure and fleet electrification.
“I think 15% [CAGR] is a reasonable number across the segments, but I think that C&I is undervalued [and] underestimated.”
- The specialist believes that C&I CAGR could be closer to 15% or 16% over the next 10 years.
- However, residential battery CAGR is more likely to hit 10%, according to the specialist. They also think Tesla “will continue to prioritise vehicles with energy storage being a complementary offering.”
For more human insights on battery generation and storage, click on the transcripts below.
Related Transcripts
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