Solar Battery Market
Solar Battery Market By Types (Tall Tubular Battery, Flat Plate battery), By Technology (Lead acid, Lithium-ion, Flow (Zinc Bromide), Sodium nickel chloride), By End user (Industrial, Commercial, Residential, Aerospace and Military) - Global Review 2020 to 2030
Analysis of Solar Battery market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Favorable Govt. regulations and committed use of solar energy – A boost for the solar batteries market
In order to fulfill the ever-growing demand for energy, various prominent countries are making an effort to use solar energy wherever possible and hence the requirement of energy storage has led to a surge in the solar batteries market. Solar batteries are batteries used to store electricity produced from solar energy. It converts DC Power energy into AC power energy for later use.
Owing to the favorable regulations imposed by the governments of various prominent countries for use of renewable energy, increasing demand for use of the same and with the need to store the power generated through solar panels it can be concluded that the future is bright for solar batteries market.
The technological advancements with respect to use of Solar Energy in Space Research, Automobile, Telecom and Power Sectors has resulted in increased use of Solar Batteries. The upfront cost for setting up any solar equipment is significantly high and a lot of it is down to the cost of solar batteries.
China being the leader in global solar race is also a hub of solar battery manufacturing and with the increasing commitment towards use of solar energy by Asia-Pacific countries the solar battery market is anticipated to grow significantly in this region followed by North America.
East and South Asia are foreseen to remain epicenter for Market Developments
The solar battery market appeared to be dominated by US until 2018 based on the power generated through solar energy. China has emerged as the top player in the solar energy market surpassing Germany in terms of power generation. With China’s prominence in battery manufacturing and the ever-increasing demand for use of solar energy is foreseen to reinforce the demand for solar batteries in the country.
Furthermore, countries like India, Japan and Korea are also increasingly using solar energy for power generation. European countries have been emphasizing on solar energy generation which results in demand for solar batteries in this region given their limited exposure to sun. Africa and Middle Eastern countries have been facing electricity concerns since long and hence the emergence of solar battery market is expected.
COVID19 may affect the R&D and Manufacturing across the globe
Solar Battery manufacturing is prominent in China and the USA. With the emergence of the COVID-19 pandemic and the epicenter being China, the entire Chinese Manufacturing unit has come to halt. The Supply Chain has been disrupted completely.
The parts needed to manufacture Batteries are scarcely available which is affecting the final production of batteries. Due to which there is going to be a huge Supply Demand gap in the market. The US has also been hit badly by the Pandemic and although the industries have not been shut completely, working in low numbers is resulting in a lot of strain on the manufacture rate of the batteries.
It is also affecting the R&D department massively since field testing has become increasingly difficult with the Social Distancing Restrictions imposed.
Partnerships with other industries seen as a way to ease off financial susceptibility for all the players
The solar batteries market has a group of international manufacturers and domestic players dealing in various portfolios of solar batteries. Along with the global and domestic players there are Local vendors as well who are involved in solar battery manufacturing which makes this market a fragmented market.
The market is highly competitive with improving technologies being introduced to cater the needs of developing affordable ways to use renewable energy. The manufacturers have started entering into partnerships with industries that use solar batteries to ease the financial susceptibility.
Some of the important global players in the solar batteries market are GS Yuasa (Japan), Samsung SDI (Korea), BYD (China), East Penn Manufacturing (US), Exide Technologies (US), Powerwall (TESLA), LG (Korea), Bosch Solar Energy (Germany), Sanyo Solar (Japan), Alpha ESS (China), Shenzhen Herewin Technology (China)
The research report presents a comprehensive assessment of the Solar Batteries market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated data. It also contains projections using a suitable set of assumptions and methodologies. The Solar Batteries market report provides analysis and information according to market segments such as product type, size, and end use industries.
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The Solar Batteries market Report Covers Exhaustive Analysis On:
- Market Segments in the Solar Batteries market
- Solar Batteries market Dynamics
- Solar Batteries market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Solar Batteries market
- Value Chain of the Solar Batteries market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Europe)
- East Asia (Japan, China, South Korea)
- South Asia & Oceania (India, Thailand, Indonesia, Australia, Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, Turkey, Rest of MEA)
The Solar Batteries market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The Solar Batteries market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The Solar Batteries market report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
- Detailed overview of the parent market
- Changing Solar Batteries market dynamics in the industry
- In-depth Solar Batteries market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
Solar batteries market: Market segmentation
The solar batteries market can be segmented on the basis of Type, Technology, End User and Capacity
Based on the types, the solar batteries market can be segmented as:
- Tall Tubular Battery
- Flat Plate battery
Based on Technology, the solar batteries market can be segmented as:
- Lead acid
- Lithium-ion
- Flow (Zinc Bromide)
- Sodium nickel chloride
Based on End user, the solar batteries market can be segmented as:
- Industrial
- Commercial
- Residential
- Aerospace and Military
Based on Capacity, the solar batteries market can be segmented as:
- Below 75 AH
- 75 to 150 AH
- Above 150 AH
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Types 6.2. Technology 6.3. End User 6.4. Capacity 7. Global Market Analysis and Forecast, By Types 7.1. Tall Tubular Battery 7.2. Flat Plate battery 8. Global Market Analysis and Forecast, By Technology 8.1. Lead acid 8.2. Lithium-ion 8.3. Flow (Zinc Bromide) 8.4. Sodium nickel chloride 9. Global Market Analysis and Forecast, By End User 9.1. Industrial 9.2. Commercial 9.3. Residential 9.4. Aerospace and Military 10. Global Market Analysis and Forecast, By Capacity 10.1. Below 75 AH 10.2. 75 to 150 AH 10.3. Above 150 AH 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Types, Technology, End User, and Capacity for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 24.1. GS Yuasa (Japan) 24.2. Samsung SDI (Korea) 24.3. BYD (China) 24.4. East Penn Manufacturing (US) 24.5. Exide Technologies (US) 24.6. Powerwall (TESLA) 24.7. LG (Korea) 24.8. Bosch Solar Energy (Germany) 24.9. Sanyo Solar (Japan) 24.10. Alpha ESS (China) 24.11. Shenzhen Herewin Technology (China)
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Types
Table 03: Global Market US$ Mn Forecast by Technology
Table 04: Global Market US$ Mn Forecast by End User
Table 05: Global Market US$ Mn Forecast by Capacity
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Types
Table 08: North America Market US$ Mn Forecast by Technology
Table 09: North America Market US$ Mn Forecast by End User
Table 10: North America Market US$ Mn Forecast by Capacity
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Types
Table 13: Latin America Market US$ Mn Forecast by Technology
Table 14: Latin America Market US$ Mn Forecast by End User
Table 15: Latin America Market US$ Mn Forecast by Capacity
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Types
Table 18: Western Europe Market US$ Mn Forecast by Technology
Table 19: Western Europe Market US$ Mn Forecast by End User
Table 20: Western Europe Market US$ Mn Forecast by Capacity
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Types
Table 23: Eastern Europe Market US$ Mn Forecast by Technology
Table 24: Eastern Europe Market US$ Mn Forecast by End User
Table 25: Eastern Europe Market US$ Mn Forecast by Capacity
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Types
Table 28: East Asia Market US$ Mn Forecast by Technology
Table 29: East Asia Market US$ Mn Forecast by End User
Table 30: East Asia Market US$ Mn Forecast by Capacity
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Types
Table 33: South Asia & Pacific Market US$ Mn Forecast by Technology
Table 34: South Asia & Pacific Market US$ Mn Forecast by End User
Table 35: South Asia & Pacific Market US$ Mn Forecast by Capacity
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Types
Table 38: MEA Market US$ Mn Forecast by Technology
Table 39: MEA Market US$ Mn Forecast by End User
Table 40: MEA Market US$ Mn Forecast by Capacity
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Types
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is driving the demand outlook for the Solar Battery Market?
The technological advancements with respect to use of Solar Energy in Space Research, Automobile, Telecom and Power Sectors has resulted in increased use of Solar Batteries.
Where will the growth spearhead in the Solar Battery market?
China is expected to witness the highest growth over the forecast period.
Which are the top players in the market?
The major key players are GS Yuasa (Japan), Samsung SDI (Korea), BYD (China), East Penn Manufacturing (US), Exide Technologies (US), Powerwall (TESLA), and others.
Solar Battery Market