Solar Battery Market Aimed toward Elevating $ 360.Four Million by 2027: Allied Market Analysis – GlobeNewswire

| |

Portland, OR, May 4, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global solar battery market was $ 113.4 million in 2019 and is valued at $ 360.4 million by 2027, which is a CAGR of corresponds to 15.5% from 2020 to 2027.

The independence of the energy owners, the significantly increasing demand for environmentally friendly energy solutions and the increasing interest of the industry players in storage solutions for renewable energies are driving the growth of the global market for solar batteries. However, high initial installation and maintenance costs hamper market growth. On the contrary, it is estimated that the increase in the importance of energy trading will create lucrative opportunities for market participants in the future.

Download Report Sample (269 Page Insights PDF) @

Covid-19 scenario:

  • The outbreak and lockdown of Covid-19 in several countries resulted in labor shortages and delays in installing new projects.
  • The decline in consumer spending has had an impact on demand. In addition, lower consumer spending during the lockdown had a negative impact on the market.
  • The high dependency on Chinese products for solar cells, solar batteries and solar modules has influenced the market growth.

The global solar battery market is segmented by type, end user and region. Depending on the type, the lithium-ion segment had the largest share in 2019 with a market share of around four fifths. However, the lead-acid segment is estimated to have the highest CAGR of 17.8% over the forecast period.

Here you can find a detailed COVID-19 impact analysis on the market inquiry for solar batteries

On a consumer basis, the industrial segment dominated the market in 2019, contributing to more than two-fifths of the market. For the commercial segment, however, it is forecast that the highest CAGR of 16.2% will be recorded during the forecast period.

The global solar battery market is analyzed in several regions such as North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific market held up the lion's share in 2019 accounted for around two fifths of the market. Additionally, the region is expected to have the highest CAGR of 17.3% over the forecast period.

Schedule a FREE consultation with our analysts / industry experts to find a solution for your company at

Global Solar Batteries Market report has an in-depth analysis of the major market players such as Kokam.Co, BYD Company, Primus Power, Carnegie Clean Energy, LG Chem, and EnerSys.

Avenue Library Subscription | Request a 14-day free trial before purchasing:

Get more information:

Similar reports:
(Pre-order now with a 10% discount)

Solar Cable Market: Global Opportunity Analysis and Industry Forecast, 2021-2028

Transformerless UPS Market Opportunity and Forecast, 2021-2028

Solar Panels Market – Global Opportunity Analysis and Industry Forecast, 2019-2026

Solar Thermal Market – Global Opportunity Analysis and Industry Forecast, 2020-2027

Alkaline Batteries Market: Global Opportunity Analysis & Industry Forecast, 2020-2027

SLI Battery Market – Global Opportunity Analysis and Industry Forecast, 2020-2027

About us:

Allied Market Research (AMR) is a full-service market research and management consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of market research reports and business intelligence solutions to global corporations as well as medium and small businesses. AMR strives to provide business insights and advice to assist its clients with strategic business decisions and sustainable growth in their respective market areas.

We have professional corporate relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone in the company to maintain high quality data and help customers succeed in every possible way. All of the data contained in the reports we publish are extracted through primary interviews with top officials from leading companies in the affected domain. Our secondary data acquisition methodology includes extensive online and offline research and discussions with knowledgeable professionals and industry analysts.

Contact us:

David Correa

5933 NE Win Sivers Drive

No. 205, Portland, OR 97220

United States

Toll Free (US / Canada): + 1-800-792-5285, + 1-503-446-1141

International: + 1-503-894-6022

United Kingdom: + 44-845-528-1300

Hong Kong: + 852-301-84916

India (Pune): + 91-20-66346060

Fax: + 1-855-550-5975


follow us on | Facebook | Twitter | LinkedIn


Lava spews and swirls close to Wallachadalur Volcano – Yahoo Leisure

Sungrow, Huawei and Sineng Electrical: High Solar Inverter Suppliers for India in Fiscal 2020 – Mercom India