The batteries for solar energy storage market in South & Central America is expected to grow from US$176.11 million in 2022 to US$ 458.12 million by 2028; it is estimated to grow at a CAGR of 17.2% from 2022 to 2028.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America batteries for solar energy storage market at a substantial CAGR during the forecast period.
South & Central America Batteries for solar energy storage market Segmentation
The South & Central America batteries for solar energy storage market is segmented on the basis of battery type, application, connectivity, and country. Based on battery type, the market is segmented into lead acid, lithium-ion, nickel cadmium, and others. In 2022, the lithium-ion segment held a larger share of the market. And others segment is expected to register a higher CAGR during the forecast period.
Based on application, the South & Central America batteries for solar energy storage market is segmented into residential, commercial, and industrial. The industrial segment held the largest market share in 2022 and commercial is expected to register the highest CAGR in the market during the forecast period.Based on connectivity, the South & Central America batteries for solar energy storage market is segmented into on-grid and off-grid. The on-grid segment held the largest market share in 2022 and the off-grid segment is expected to register the highest CAGR in the market during the forecast period.Based on country, the South & Central America batteries for solar energy storage market is segmented into Brazil, Argentina, and Rest of SAM. In 2022, Brazil held a larger market share. On the other side, and Rest of SAM is expected to register a higher CAGR during the forecast period.
EnerSys; LECLANCHE; LG Electronics; Samsung SDI Co., Ltd.; and Kokam are among the leading companies in the South & Central America batteries for solar energy storage market.
Table of Contents
Companies Mentioned
- EnerSys
- LECLANCHE
- LG Electronics
- Samsung SDI Co., Ltd.
- Kokam
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 176.11 Million |
| Forecasted Market Value ( USD | $ 458.12 Million |
| Compound Annual Growth Rate | 17.2% |
| No. of Companies Mentioned | 5 |
