Solar Battery Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

The global solar battery market is anticipated to grow at a CAGR of around 15.5% during the forecast period (2021-2027). The key factors to drive the market growth include increasing demand for sustainable energy storage solutions as the government of various countries are promoting clean energy and sustainable energy sources, therefore the demand for solar power batteries is projected to increase over the forecast period. For instance, in June 2021, the US Department of Energy (DOE) recently announced that 235 small businesses from 42 states will receive $54 million in critical seed funding for 266 projects developing and implementing proof-of-concept prototypes for a wide range of innovative solutions required to achieve net-zero emissions by 2050. With this round of federal funding, the department will be able to bring the next generation of the clean energy revolution into the market.

To Request a Sample of our Report on Solar Battery Market: https://www.omrglobal.com/request-sample/solar-battery-market

Rising acquisitions, product development, collaborations among the major players in the market also propel the growth of the market. For instance, in September 2019, Panasonic introduced its latest residential energy storage system, EverVoltTM, to its solar portfolio, at Solar Power International 2019. EverVoltTM is available in AC and DC coupled versions and offered an optimized flexible solution for homeowners' energy needs and budgets. With the introduction of EverVoltTM, homeowners will just be one step closer to grid independence and will witness faster returns on their solar investment. Additionally, the EverVoltTM users will be able to store unused power for later use or sell excess power back to the local utility to generate income.

(Get 15% Discount on Buying this Report)

A full Report of Solar Battery Market is Available at: https://www.omrglobal.com/industry-reports/solar-battery-market

Market Coverage

· The market number available for – 2020-2027

· Base year- 2020

· Forecast period- 2021-2027

Segment Covered-

· By Type

· By End-user

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- LG Chem Ltd, Samsung SDI Co., Ltd., Panasonic Corp., Tesla, Inc., and Duracell Inc.

Key questions addressed by the report

· What is the market growth rate?

· Which segment and region dominate the market in the base year?

· Which segment and region will project the fastest growth in the market?

· How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

· Who is the leader in the market?

· How players are addressing challenges to sustain growth?

· Where is the investment opportunity?

Global Solar Battery Market Report Segment

By Type

· Lead Acid Battery

· Lithium-Ion Battery

· Other

By End-User

· Telecommunication Industries

· Home and Residential

· Automobile Applications

Global Solar Battery Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· Rest of APAC

Rest of The World

· Latin America

· Middle East & Africa

Company Profiles

· Duracell Inc.

· East Penn Manufacturing Co. Inc.

· Exide Industries Ltd.

· Fusion Power Systems

· GS Yuasa Corp.

· Iron Edison Battery Company, LLC

· LG Corp.

· Kokam Co.

· MaxPower, Inc.

· Okaya Power Pvt. Ltd.

· PAE Ltd.

· Panasonic Corp.

· Samsung SDI Co., Ltd.

· Schneider Electric SE

· Sealed Energy Systems

· SMA Solar Technology AG

· Sullivan Solar Power

· Tesla, Inc.

· Toshiba Corp.

· Trojan Battery CO LLC

Reasons for Buying from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/solar-battery-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.