Press release
Harnessing the Sun: Global Solar Energy Storage Market Worth USD 10.5 Billion in 2022, Poised to Grow at a CAGR of 9.2% from 2023 to 2033
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Key Highlights:
• The global Solar Energy Storage Market size was valued at USD 10.5billion in 2022 growing at a CAGR of 9.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Solar Energy Storage Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Solar Energy Storage market report also includes the following data points:
• COVID19 Impact on Solar Energy Storage market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Solar Energy Storage market
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Key Players
Some of the major Solar Energy Storage players holding high market share include Enersys, Kokam, SAMSUNG and ADARA POWER. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Enersys
• Kokam
• SAMSUNG
• ADARA POWER
• BASF SE
• BMW
• EVONIK INDUSTRIES AG
• Leclanché SA
• LG Chem Ltd
• LG Electronics Inc.
• MAXWELL TECHNOLOGIES
• Owens Corning
• PPG Industries Inc.
• Primus Power
• Siemens Energy
• Sumitomo Chemical Co.Ltd
• The Lubrizol Corporation
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Solar Energy Storage Market:
o Lead Acid
o Lithium Ion
o Flow Battery
o Others
Market Segment By Installation with focus on market share, consumption trend, and growth rate of Solar Energy Storage Market:
o On grid
o Off grid
Parameters Details
Market Size (2022) $ 10.5 Billion
CAGR (2023 to 2033) 9.2%
Market Segmentation Type, Installation
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Solar Energy Storage Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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