Dublin, June 29, 2020 (GLOBE NEWSWIRE) – The report “Solar Batteries – Global Market Trajectory & Analytics” has been added ResearchAndMarkets.com Offer.
In the midst of the COVID-19 crisis and looming economic recession, the global solar battery market is expected to grow by $ 11.2 billion over the analysis period, based on a revised annual average growth rate (CAGR) of 15%.
The global analysis and forecast periods include 2020-2027 (current and future analysis) and 2012-2019 (historical review). Research estimates are presented for 2020, while research projections cover the period 2021-2027.
Lithium-ion batteries, one of the segments analyzed and dimensioned in this study, are expected to grow by over 18.1% and reach a market size of 9 billion US dollars by the end of the analysis period. The coronavirus pandemic, an unusual period in history, has sparked a series of unprecedented events that affect every industry. The lithium-ion battery market is being reset to a new normal that will be continually redefined and redesigned in a post-COVID-19 era. Having an overview of trends and accurate analysis is more important than ever today in order to deal with uncertainties, change and continuously adapt to new and evolving market conditions.
As part of the emerging geographic scenario, the United States is projected to adjust to a CAGR of 12.7%. Within Europe, Germany will increase the size of the region by over $ 407.3 million over the next 7 to 8 years. In addition, projected demand in the region, valued at over $ 341.3 million, will come from other European markets. In Japan, the lithium-ion battery segment will reach a market size of USD 287.4 million by the end of the analysis period.
Blamed for the pandemic, China faces significant political and economic challenges. Amid growing pressures for decoupling and economic distancing, changing relationships between China and the rest of the world will affect competition and opportunities in the solar battery market. With that in mind, and given changing geopolitical, business, and consumer sentiment, the world's second largest economy is set to grow 20.6% over the next several years, adding around $ 2.2 billion in addressable market opportunities.
Continuous monitoring for signs of a possible new world order after the COVID-19 crisis is a must for emerging businesses and their smart leaders looking to succeed in the changing solar battery market landscape. All research viewpoints presented are based on validated engagements of influencers in the market, whose opinions supersede all other research methods.
The competitors identified in this market include:
- A123 Systems LLC
- Alpha Technologies, Inc.
- BAE Batteries GmbH
- Battery Energy Power Solutions Pty.
- Betta Batteries Europe BV
- WORLD Co. GmbH.
- C&D Technologies, Inc.
- East Penn Manufacturing Co. Inc.
- Exide Technologies
- GS Yuasa Corporation
- HBL Power Systems Ltd.
- LG Chem
- Samsung SDI Co. Ltd.
- Systems Sunlight SA
I. INTRODUCTION, METHODOLOGY AND REPORTING AREA
1. MARKET OVERVIEW
- Market shares of global competitors
- Market share scenario for solar batteries worldwide (in%): 2019 and 2025
- Effects of COVID-19 and an impending global recession
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. PERSPECTIVE OF THE GLOBAL MARKET
III. MARKET ANALYSIS
- Profiled companies in total: 54
Please visit https://www.researchandmarkets.com/r/lnjlh5 for more information on this report
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