Press release
Solar Energy Storage Market Future Growth & Trends By Top Key Players like BMW Group, BYD Company, Kokam.Co, Carnegie Clean Energy, Primus Power, Maxwell Technologies Inc., Samsung SDI, Financial Statement, LG Chem, Financial Statement, EnerSys, BAE Batte
Solar Energy Storage Market
Increasing adoption of solar energy by utilities to replace fossil fuels will considerably thrust global solar energy storage market revenues. There has been a growing concern with regards to the rapid environmental changes taking place which have resulted from the use and subsequent depletion of major natural resources that help in power generation. The support from large businesses and government agencies for exploring different power sources and their storage has contributed to the development of novel energy storage systems.
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The demand for electric batteries to help reduce transportation costs has been on a rise due to the proliferation of electrical vehicles, which has driven companies to integrate storage units that are performance-oriented. Many companies are focused on solar integrated EV charging stations which will encourage the growth of systems having supporting both stationary and mobile batteries, further pushing solar energy storage market size over the forecast period.
The Li-ion batteries require low maintenance and do not require scheduled recycling. Their self-discharge technique is less as compared to other batteries making them well suited for modern fuel gauge applications. Several automotive companies are preferring Li-ion batteries, for instance, Toyota has deployed solar rooftops at its facilities and aims to explore synergies with lithium ion batteries. These module-based batteries will be provided with stationary storage for solar energy which may reduce the cost of energy storage. The need to store solar energy for further use by way of charging the electric vehicles will propel solar energy storage market outlook over the forecast years.
Small companies would contribute substantially towards the expansion of solar energy sector by having storage solutions attached to commercial and residential solar projects. For instance, SunPower has integrated more than one-third of their commercial solar projects with new energy storage, while residential projects are provided storage solutions by other firms like Sunrun and Vivint Solar as well. Emergence of several players that offer storage products for solar projects will drive solar energy storage market share expansion.
Solar energy is widely being adopted and developed due to alarming climate changes and rapidly depleting natural resources. Several investments from major companies like Samsung, Maxwell Technologies, BMW, BAE and Vionx have catapulted the availability of efficient storage solutions and created lucrative future opportunities in the sector. Reports have estimated that global solar energy storage industry will exceed 3 GW of annual installations by 2025.
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Glimpse of Table of Content (ToC): -
Charts & Figures
FIG. 1 Electricity storage needs in the energy transition
FIG. 2 Industry segmentation
FIG. 3 Industry landscape, 2014 – 2025 (USD Million)
FIG. 4 Industry ecosystem analysis (Lithium Ion)
FIG. 5 Industry ecosystem analysis (Lead Acid)
FIG. 6 Price trend (USD/Watt)
FIG. 7 The range of services that can be provided by electricity storage
FIG. 8 Global energy storage power capacity shares by main-use case, 2018
FIG. 9 Cobalt production by country, 2018 (%)
FIG. 10 Natural graphite production by country, 2018 (%)
FIG. 11 Silicon metal production by country, 2018 (%)
FIG. 12 Lithium production by country, 2018 (%)
FIG. 13 Cathode production by country, 2014-2015 (%)
FIG. 14 Cathode production by country, 2014-2015 (%)
FIG. 15 Electrolyte production by country, 2014-2015 (%)
FIG. 16 Separator production by country, 2014-2015(%)
FIG. 17 Lead Acid Recycling Process
FIG. 18 Growth potential analysis
FIG. 19 Porter’s analysis
FIG. 20 PESTEL analysis
FIG. 21 Global solar energy storage market share by composition, 2018 & 2025
FIG. 22 Global solar energy storage market share by capacity, 2018 & 2025
FIG. 23 Global solar energy storage market share by installation, 2018 & 2025
FIG. 24 Global solar energy storage market share by region, 2018 & 2025
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