The global solar battery market is expected to grow at a CAGR of around 15.5% in the forecast period (2021-2027). One of the key drivers for the market growth is the increasing demand for sustainable energy storage solutions as the governments of different countries promote clean energy and sustainable energy sources. Therefore, the demand for solar batteries is expected to increase over the forecast period. For example, in June 2021, the U.S. Department of Energy (DOE) recently announced that 235 small businesses from 42 states will receive $ 54 million in critical startup funding for 266 projects developing proof-of-concept prototypes for a variety of innovative projects and implement solutions needed to achieve net zero emissions by 2050. With this federal funding round, the department can bring the next generation of the clean energy transition onto the market.
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Increasing acquisitions, product developments and collaborations between the most important market participants are also driving the growth of the market. In September 2019, for example, Panasonic added its latest energy storage system for residential buildings, EverVoltTM, to its solar portfolio at Solar Power International 2019. EverVoltTM is available in AC and DC coupled versions and offers an optimized flexible solution for homeowners ‘and budgets' energy needs. With the introduction of EverVoltTM, homeowners will get one step closer to grid independence and see faster returns on their solar investment. In addition, EverVoltTM users can store unused electricity for later use or sell excess electricity back to the local utility for income.
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The available market number – 2020-2027
Base year – 2020
Forecast period – 2021-2027
· By type
· By end user
· North America
· Asia Pacific
· Rest of the world
Competitive Landscape – LG Chem Ltd, Samsung SDI Co., Ltd., Panasonic Corp., Tesla, Inc., and Duracell Inc.
Key issues of the report
· What is the market growth rate?
· Which segment and which region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
How has COVID-19 affected the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the market leader?
· How do the actors approach the challenges in order to sustain growth?
· Where is the investment opportunity?
Global Solar Batteries Market Reporting Segment
· Lead-acid battery
· Lithium-ion battery
According to end user
· Telecommunications industry
· House and living
· Automotive applications
Global Segment of the Solar Batteries Market report by region
· United States
· Great Britain
· Rest of Europe
· Rest of APAC
rest of the world
· Latin America
Middle East & Africa
East Penn Manufacturing Co. Inc.
· Exide Industries Ltd.
· Fusion energy systems
GS Yuasa Corp.
Iron Edison Battery Company, LLC
· Okaya Power Pvt. GmbH.
· PAE GmbH.
Samsung SDI Co., Ltd.
· Schneider Electric SE
· Sealed energy systems
A SMA Solar Technology AG
· Sullivan solar energy
Trojan Battery CO LLC
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