Performance reviews are more like a self review that neither the employee or manager knows how to do. If you want a promotion ask for it and make a plan or leave.
Your work (team reliant) may give you non-marketable skills unless you're going to stay within the workday product.
Your work may not be important in the long run due to decisions made by poor communication along the management chain. Always find out how you fit into the bigger picture and see if you and everyone else agrees with the value of your project.
Promotions can be less merit based and more if people like you based which can be good depending on who you are. Also very opportunity based. People want to support you, but you can only really move if there are spots. Promotions are very much possible and everyone celebrates it, only if you make it happen.