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The solar energy storage market is forecasted to grow by USD 6.96 billion during 2023-2028, accelerating at a CAGR of 10.22% during the forecast period. The report on the solar energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in costs of solar PV systems, rise in energy demand, and growth in government support.
The solar energy storage market is segmented as below:
By End-user
- Utilities
- Residential
- Commercial and industrial
By Installation Sites
- On-grid
- Off-grid
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the solar energy storage market covers the following areas:
- Solar energy storage market sizing
- Solar energy storage market forecast
- Solar energy storage market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Installation Sites
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global solar energy storage market: ABB Ltd., Abengoa SA, Acciona SA, AEG Power Solutions BV, Aura Power Developments Ltd., BASF SE, BYD Co. Ltd., Canadian Solar Inc., Enact Systems Inc., EnerSys, General Electric Co., Helios New Energy Technology Australia Pty. Ltd., Leclanche SA, LG Electronics Inc., Primus Power Solutions, Samsung Electronics Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Tesla Inc., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising adoption of clean energy technologies."
According to the report, one of the major drivers for this market is the reduction in costs of solar pv systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Abengoa SA
- Acciona SA
- AEG Power Solutions BV
- Aura Power Developments Ltd.
- BASF SE
- BYD Co. Ltd.
- Canadian Solar Inc.
- Enact Systems Inc.
- EnerSys
- General Electric Co.
- Helios New Energy Technology Australia Pty. Ltd.
- Leclanche SA
- LG Electronics Inc.
- Primus Power Solutions
- Samsung Electronics Co. Ltd.
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
- Tesla Inc.
- TotalEnergies SE
