Market Overview:
The global solar storage batteries market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the rising concerns about climate change. The global solar storage batteries market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into lead acid battery, lithium-ion battery, and others. Lead acid batteries are expected to dominate the global solar storage batteries market in terms of revenue share during 2018-2030 owing to their low cost and high efficiency as compared to other types of solar storage batteries available in the market. Lithium-ion battery is expected to be one of fastest growing segments during 2018-2030 due its high capacity and long life cycle as compared with other types of solar storage batteries available in this Market .On basis Of Application , Photovoltaic Power Station accounted for largest share In Global Solar Storage Batteries Market In 2017 And Is Expected To Grow At A CAGR OF XX% From 2018 To 2023 .
Product Definition:
A solar storage battery is a rechargeable battery used to store energy collected from a solar panel. This energy can be used later to power devices, such as lights or an electric motor, or it can be sold back to the electricity grid. Solar storage batteries are important for two reasons: they allow people to use solar energy when the sun isn't shining, and they help reduce the amount of electricity needed from the grid, which can save money on utility bills.
Lead Acid Battery:
Lead-acid batteries are the most common type of battery used in solar storage batteries market. Lead-acid is a chemical element, which has two lead oxides as its principal ingredients. Lead acid battery consists of positive and negative electrodes separated by an electrolyte that can be rechargeable or non-rechargeable depending upon the type. The major applications include automobiles, UPS (uninterruptible power supply), traction motor vehicles, electric & hybrid vehicles and energy storage among others.
Lithium-ion Battery:
Lithium-ion battery (Li-ion) is a rechargeable battery that uses lithium ions as the basic ingredient. It is extensively used in portable electronic devices such as laptops, mobile phones, and digital cameras. The growing demand for renewable energy sources has led to an increase in solar storage batteries market size which will further boost the growth of this technology over the forecast period.
The Li-ion battery finds its major application scope in electric vehicles.
Application Insights:
The market is segmented by application into photovoltaic power station, residential, and others. The photovoltaic power station segment dominated the global solar storage batteries market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to growing demand for renewable energy across various applications such as small-scale home electricity generation, large scale commercial buildings or industrial facilities.
The residential sector accounted for a significant share of the overall revenue in 2017 due to rising adoption of grid-connected rooftop solar systems across countries such as Germany and China. Government initiatives such as Feed-in Tariffs (FiT) supported schemes are further driving growth in this sector with an aim toward decarbonization of electricity supply while promoting renewable energy sources including wind and sun rays on household level.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The growth can be attributed to increasing adoption of solar energy in countries such as China and India. In 2016, China accounted for a share of 22% in global installations of solar power stations, which is more than any other country in the world. This has led to an increase in demand for batteries that are used for storing energy generated by these stations during day time so that it can be utilized at night time when there is heavy demand from consumers including households and businesses.
Europe was estimated as the second-largest market with a revenue share of 24% owing to large scale production & consumption of electricity using renewable sources such as wind & sun rays across various countries such as Germany, Spain, Italy etc., which have high penetration rates compared to other regions globally (20%+). Countries like France and U.
Growth Factors:
- Increasing demand for solar storage batteries from the residential and commercial sectors due to the increasing awareness about the benefits of solar energy storage systems
- Favorable government policies and regulations for promoting solar energy storage systems, which is expected to drive the growth of the market in future
- Growing demand for renewable energy sources across the globe, which is expected to boost the growth of solar storage batteries market in coming years
- Technological advancements in battery technology that are making solar storage batteries more efficient and economical
- Rising prices of conventional fuels such as petrol and diesel, which is making renewable sources such as solar energy more attractive
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Storage Batteries Market Research Report
By Type
Lead Acid Battery, Lithium-ion Battery, Others
By Application
Photovoltaic Power Station, Residential, Others
By Companies
EXIDE INDUSTRIES, BYD, Hoppecke Batterien, East Penn, Saft Batteries, Panasonic, Samsung SDI, LG Chem, Kyocera, Pylontech, FIAMM(Hitachi), Narada, BAE Batterien GmbH, EverExceed Industrial, Discover, SimpliPhi, BlueNova
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Solar Storage Batteries Market Report Segments:
The global Solar Storage Batteries market is segmented on the basis of:
Types
Lead Acid Battery, Lithium-ion Battery, Others
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
Photovoltaic Power Station, Residential, Others
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:
- EXIDE INDUSTRIES
- BYD
- Hoppecke Batterien
- East Penn
- Saft Batteries
- Panasonic
- Samsung SDI
- LG Chem
- Kyocera
- Pylontech
- FIAMM(Hitachi)
- Narada
- BAE Batterien GmbH
- EverExceed Industrial
- Discover
- SimpliPhi
- BlueNova
Highlights of The Solar Storage 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:
- Lead Acid Battery
- Lithium-ion Battery
- Others
- By Application:
- Photovoltaic Power Station
- Residential
- Others
- 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 Storage 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 storage batteries are a type of rechargeable battery that uses solar energy to store energy. Solar storage batteries can be used to power devices like smartphones, laptops, and cameras when there is no access to electricity.
Some of the major companies in the solar storage batteries market are EXIDE INDUSTRIES, BYD, Hoppecke Batterien, East Penn, Saft Batteries, Panasonic, Samsung SDI, LG Chem, Kyocera, Pylontech, FIAMM(Hitachi), Narada, BAE Batterien GmbH, EverExceed Industrial, Discover, SimpliPhi, BlueNova.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Storage 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 Storage 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 Storage Batteries Market - Supply Chain
4.5. Global Solar Storage Batteries Market Forecast
4.5.1. Solar Storage Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Storage Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Storage Batteries Market Absolute $ Opportunity
5. Global Solar Storage 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 Storage Batteries Market Size and Volume Forecast by Type
5.3.1. Lead Acid Battery
5.3.2. Lithium-ion Battery
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Storage 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 Storage Batteries Market Size and Volume Forecast by Application
6.3.1. Photovoltaic Power Station
6.3.2. Residential
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Storage 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 Storage 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 Storage 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 Storage 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 Storage Batteries Demand Share Forecast, 2019-2026
9. North America Solar Storage 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 Storage 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 Storage Batteries Market Size and Volume Forecast by Application
9.4.1. Photovoltaic Power Station
9.4.2. Residential
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Storage Batteries Market Size and Volume Forecast by Type
9.7.1. Lead Acid Battery
9.7.2. Lithium-ion Battery
9.7.3. Others
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 Storage Batteries Demand Share Forecast, 2019-2026
10. Latin America Solar Storage 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 Storage 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 Storage Batteries Market Size and Volume Forecast by Application
10.4.1. Photovoltaic Power Station
10.4.2. Residential
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Storage Batteries Market Size and Volume Forecast by Type
10.7.1. Lead Acid Battery
10.7.2. Lithium-ion Battery
10.7.3. Others
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 Storage Batteries Demand Share Forecast, 2019-2026
11. Europe Solar Storage 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 Storage 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 Storage Batteries Market Size and Volume Forecast by Application
11.4.1. Photovoltaic Power Station
11.4.2. Residential
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Storage Batteries Market Size and Volume Forecast by Type
11.7.1. Lead Acid Battery
11.7.2. Lithium-ion Battery
11.7.3. Others
11.8. Basis Point Share (BPS) Analysisby 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 Storage Batteries Demand Share, 2019-2026
12. Asia Pacific Solar Storage 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 Storage 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 Storage Batteries Market Size and Volume Forecast by Application
12.4.1. Photovoltaic Power Station
12.4.2. Residential
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Storage Batteries Market Size and Volume Forecast by Type
12.7.1. Lead Acid Battery
12.7.2. Lithium-ion Battery
12.7.3. Others
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 Storage Batteries Demand Share, 2019-2026
13. Middle East & Africa Solar Storage 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 Storage 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 Storage Batteries Market Size and Volume Forecast by Application
13.4.1. Photovoltaic Power Station
13.4.2. Residential
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Storage Batteries Market Size and Volume Forecast by Type
13.7.1. Lead Acid Battery
13.7.2. Lithium-ion Battery
13.7.3. Others
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 Storage Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Storage Batteries Market: Market Share Analysis
14.2. Solar Storage Batteries Distributors and Customers
14.3. Solar Storage Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EXIDE INDUSTRIES
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hoppecke Batterien
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. East Penn
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 Batteries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samsung SDI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LG Chem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kyocera
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pylontech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FIAMM(Hitachi)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Narada
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BAE Batterien GmbH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. EverExceed Industrial
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Discover
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SimpliPhi
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BlueNova
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
