The global solar batteries market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the need for sustainable power generation. The increasing demand for electric vehicles is also driving the growth of this market.
The global solar batteries market by type is segmented into lithium ion solar battery, lead acid solar battery, and sodium based solar battery. Lithium ion batteries are used in user-solar power applications such as residential and commercial buildings, while lead acid batteries are used in photovoltaic power stations and transportation field applications such as electric vehicles (EVs). Sodium based batteries are used in communication field applications such as satellites and aerospace & defense field applications such as unmanned aerial vehicles (UAVs).
North America accounted for a major share of the global solar batteries market due to its high adoption rate of renewable energy sources like wind turbines, hydroelectricity plants, geothermal plants etc, which has led to an increase in demand for clean energy storage systems like lithium ion or sodium based storage systems that use renewable energy sources.
- The increasing demand for renewable energy sources is one of the major factors driving the growth of the solar battery market.
- Increasing investments in renewable energy sources by governments and private companies are also driving the growth of this market.
- The increasing need for power backup solutions in remote areas is another factor that will drive the growth of this market during the forecast period, as it will help reduce dependence on diesel generators and other fossil fuel-based power generation systems which are expensive and not environmentally friendly, as well as provide uninterrupted power supply to these areas during emergencies such as natural disasters or blackouts caused by extreme weather conditions or accidents at power plants or transmission lines, etc, which can lead to loss of life and property damage due to lack of electricity supply in these areas.
- Increasing awareness about environmental issues among consumers has led them towards adopting sustainable practices such as using renewable energy sources like solar panels for their homes, offices, etc, which has increased demand for solar batteries that store excess electricity generated from these panels during daytime hours so that it can be used later when required.
Industry Growth Insights published a new data on “Solar Batteries Market”. The research report is titled “Solar Batteries Market research by Types (Li-Ion Solar Battery, Lead-Acid Solar Battery, Sodium-Based Solar Battery, Other), By Applications (User Solar Power, Photovoltaic Power Station, Transportation Field, Communication Field, Aerospace & Defense Field, Meteorological Field, Other), By Players/Companies East Penn Manufacturing(US), Exide Technologies(US), GS Yuasa(JP), LG(Korea), SAFT(France), Samsung SDI(Korea), A123 Systems(US), First Solar(US), Bosch Solar Energy(GE), Panasonic(JP), Sanyo Solar(JP), TSMC(Taiwan), Yingli(CN), Canadian Solar(Canada), Alpha Technologies(US), BAE Batterien(GE), BYD(CN), Manz(GE), Sharp(JP), Kyocera(JP), Suniva(US), Honda(JP), Ascent Solar(US), AUO(Taiwan), EnerSys(US), EverExceed Industrial(CN), FIAMM(Italia), Hoppecke Batterien(GE)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Batteries Market Research Report
By Type
Li-Ion Solar Battery, Lead-Acid Solar Battery, Sodium-Based Solar Battery, Other
By Application
User Solar Power, Photovoltaic Power Station, Transportation Field, Communication Field, Aerospace & Defense Field, Meteorological Field, Other
By Companies
East Penn Manufacturing(US), Exide Technologies(US), GS Yuasa(JP), LG(Korea), SAFT(France), Samsung SDI(Korea), A123 Systems(US), First Solar(US), Bosch Solar Energy(GE), Panasonic(JP), Sanyo Solar(JP), TSMC(Taiwan), Yingli(CN), Canadian Solar(Canada), Alpha Technologies(US), BAE Batterien(GE), BYD(CN), Manz(GE), Sharp(JP), Kyocera(JP), Suniva(US), Honda(JP), Ascent Solar(US), AUO(Taiwan), EnerSys(US), EverExceed Industrial(CN), FIAMM(Italia), Hoppecke Batterien(GE)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Solar Batteries Market Report Segments:
The global Solar Batteries market is segmented on the basis of:
Types
Li-Ion Solar Battery, Lead-Acid Solar Battery, Sodium-Based Solar Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
User Solar Power, Photovoltaic Power Station, Transportation Field, Communication Field, Aerospace & Defense Field, Meteorological Field, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- East Penn Manufacturing(US)
- Exide Technologies(US)
- GS Yuasa(JP)
- LG(Korea)
- SAFT(France)
- Samsung SDI(Korea)
- A123 Systems(US)
- First Solar(US)
- Bosch Solar Energy(GE)
- Panasonic(JP)
- Sanyo Solar(JP)
- TSMC(Taiwan)
- Yingli(CN)
- Canadian Solar(Canada)
- Alpha Technologies(US)
- BAE Batterien(GE)
- BYD(CN)
- Manz(GE)
- Sharp(JP)
- Kyocera(JP)
- Suniva(US)
- Honda(JP)
- Ascent Solar(US)
- AUO(Taiwan)
- EnerSys(US)
- EverExceed Industrial(CN)
- FIAMM(Italia)
- Hoppecke Batterien(GE)
Highlights of The Solar Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Li-Ion Solar Battery
- Lead-Acid Solar Battery
- Sodium-Based Solar Battery
- Other
- By Application:
- User Solar Power
- Photovoltaic Power Station
- Transportation Field
- Communication Field
- Aerospace & Defense Field
- Meteorological Field
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar batteries are a type of rechargeable battery that uses solar energy to store energy. Solar batteries can be used to power devices like phones, laptops, and cameras.
Some of the major companies in the solar batteries market are East Penn Manufacturing(US), Exide Technologies(US), GS Yuasa(JP), LG(Korea), SAFT(France), Samsung SDI(Korea), A123 Systems(US), First Solar(US), Bosch Solar Energy(GE), Panasonic(JP), Sanyo Solar(JP), TSMC(Taiwan), Yingli(CN), Canadian Solar(Canada), Alpha Technologies(US), BAE Batterien(GE), BYD(CN), Manz(GE), Sharp(JP), Kyocera(JP), Suniva(US), Honda(JP), Ascent Solar(US), AUO(Taiwan), EnerSys(US), EverExceed Industrial(CN), FIAMM(Italia), Hoppecke Batterien(GE).
The solar batteries market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Batteries Market - Supply Chain
4.5. Global Solar Batteries Market Forecast
4.5.1. Solar Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Batteries Market Absolute $ Opportunity
5. Global Solar Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Batteries Market Size and Volume Forecast by Type
5.3.1. Li-Ion Solar Battery
5.3.2. Lead-Acid Solar Battery
5.3.3. Sodium-Based Solar Battery
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Batteries Market Size and Volume Forecast by Application
6.3.1. User Solar Power
6.3.2. Photovoltaic Power Station
6.3.3. Transportation Field
6.3.4. Communication Field
6.3.5. Aerospace & Defense Field
6.3.6. Meteorological Field
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Batteries Demand Share Forecast, 2019-2026
9. North America Solar Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Batteries Market Size and Volume Forecast by Application
9.4.1. User Solar Power
9.4.2. Photovoltaic Power Station
9.4.3. Transportation Field
9.4.4. Communication Field
9.4.5. Aerospace & Defense Field
9.4.6. Meteorological Field
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Batteries Market Size and Volume Forecast by Type
9.7.1. Li-Ion Solar Battery
9.7.2. Lead-Acid Solar Battery
9.7.3. Sodium-Based Solar Battery
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Batteries Demand Share Forecast, 2019-2026
10. Latin America Solar Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Batteries Market Size and Volume Forecast by Application
10.4.1. User Solar Power
10.4.2. Photovoltaic Power Station
10.4.3. Transportation Field
10.4.4. Communication Field
10.4.5. Aerospace & Defense Field
10.4.6. Meteorological Field
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Batteries Market Size and Volume Forecast by Type
10.7.1. Li-Ion Solar Battery
10.7.2. Lead-Acid Solar Battery
10.7.3. Sodium-Based Solar Battery
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Batteries Demand Share Forecast, 2019-2026
11. Europe Solar Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Batteries Market Size and Volume Forecast by Application
11.4.1. User Solar Power
11.4.2. Photovoltaic Power Station
11.4.3. Transportation Field
11.4.4. Communication Field
11.4.5. Aerospace & Defense Field
11.4.6. Meteorological Field
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Batteries Market Size and Volume Forecast by Type
11.7.1. Li-Ion Solar Battery
11.7.2. Lead-Acid Solar Battery
11.7.3. Sodum-Based Solar Battery
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Batteries Demand Share, 2019-2026
12. Asia Pacific Solar Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Batteries Market Size and Volume Forecast by Application
12.4.1. User Solar Power
12.4.2. Photovoltaic Power Station
12.4.3. Transportation Field
12.4.4. Communication Field
12.4.5. Aerospace & Defense Field
12.4.6. Meteorological Field
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Batteries Market Size and Volume Forecast by Type
12.7.1. Li-Ion Solar Battery
12.7.2. Lead-Acid Solar Battery
12.7.3. Sodium-Based Solar Battery
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Batteries Demand Share, 2019-2026
13. Middle East & Africa Solar Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Batteries Market Size and Volume Forecast by Application
13.4.1. User Solar Power
13.4.2. Photovoltaic Power Station
13.4.3. Transportation Field
13.4.4. Communication Field
13.4.5. Aerospace & Defense Field
13.4.6. Meteorological Field
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Batteries Market Size and Volume Forecast by Type
13.7.1. Li-Ion Solar Battery
13.7.2. Lead-Acid Solar Battery
13.7.3. Sodium-Based Solar Battery
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Batteries Market: Market Share Analysis
14.2. Solar Batteries Distributors and Customers
14.3. Solar Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. East Penn Manufacturing(US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exide Technologies(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GS Yuasa(JP)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LG(Korea)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAFT(France)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung SDI(Korea)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. A123 Systems(US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. First Solar(US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bosch Solar Energy(GE)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic(JP)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sanyo Solar(JP)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TSMC(Taiwan)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yingli(CN)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Canadian Solar(Canada)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Alpha Technologies(US)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. BAE Batterien(GE)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BYD(CN)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Manz(GE)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sharp(JP)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Kyocera(JP)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
