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Solar Battery Market - Global Industry Share, Growth, Competitive Analysis and Forecast 2019-2025
Solar Battery Market
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Key market players of the global solar battery market are East Penn Manufacturing Company, Exide Industries Limited, Fusion Power Systems, Schneider Electric, SMA Solar Technology AG, GS Yuasa, LG Chem, and so on.
The market for the solar battery is expected to show a significant growth due to increasing demand for solar battery from the telecom sector and incentives by the government for solar energy system installation. In addition, the rising cost of electricity bill and low contribution of solar batteries in environmental pollution are further fuelling the growth of the solar battery market. However, the high cost of the installation of a solar energy system act as the limiting factor and hinders the market growth.
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The global solar battery market is segmented on the basis of the geographical regions as North America, Europe, Asia-Pacific, and Rest of the world. North America is further sub-segmented into the US and Canada, Europe in the UK, France, Germany, Italy, Spain, and the rest of Europe. While Asia-Pacific is further analyzed on the basis India, China, Japan, and rest of Asia-Pacific. North America is expected to have a considerable share in the market owing to increased investment solar installation in the region.
Global Solar Battery Market Segmentation
Global Solar Battery Market by Type
o Lead Acid Battery
o Lithium Ion Battery
o Other
Global Solar Battery Market by End-User
o Telecommunication Industries
o Home and Residential
o Automobile Applications
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