Solar Batteries Market – Progress 2021, COVID Influence, Development Evaluation Report 2027 – openPR

The global solar battery market is expected to grow at a CAGR of around 15.5% in the forecast period (2021-2027). One of the key drivers for the market growth is the increasing demand for sustainable energy storage solutions as the governments of different countries promote clean energy and sustainable energy sources. Therefore, the demand for solar batteries is expected to increase over the forecast period. For example, in June 2021, the U.S. Department of Energy (DOE) recently announced that 235 small businesses from 42 states will receive $ 54 million in critical startup funding for 266 projects developing proof-of-concept prototypes for a variety of innovative projects and implement solutions needed to achieve net zero emissions by 2050. With this federal funding round, the department can bring the next generation of the clean energy transition onto the market.

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Increasing acquisitions, product developments and collaborations between the most important market participants are also driving the growth of the market. In September 2019, for example, Panasonic added its latest energy storage system for residential buildings, EverVoltTM, to its solar portfolio at Solar Power International 2019. EverVoltTM is available in AC and DC coupled versions and offers an optimized flexible solution for homeowners 'and budgets' energy needs. With the introduction of EverVoltTM, homeowners will get one step closer to grid independence and see faster returns on their solar investment. In addition, EverVoltTM users can store unused electricity for later use or sell excess electricity back to the local utility for income.

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Market coverage

The available market number – 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 issues of the report

· What is the market growth rate?

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

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

How has COVID-19 affected the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

· Who is the market leader?

· How are the actors addressing the challenges in order to keep growth going?

· Where is the investment opportunity?

Global Solar Batteries Market Reporting Segment

By type

· Lead-acid battery

· Lithium-ion battery

· Others

According to end user

· Telecommunications industry

· House and living

· Automotive applications

Global Segment of the Solar Batteries Market report by region

North America

· United States

· Canada


· Great Britain

· 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 energy systems

GS Yuasa Corp.

Iron Edison Battery Company, LLC

LG Corp.

Kokam Co.

MaxPower, Inc.

· Okaya Power Pvt. GmbH.

· PAE GmbH.

Panasonic Corp.

Samsung SDI Co., Ltd.

· Schneider Electric SE

· Sealed energy systems

· SMA Solar Technology AG

· Sullivan solar energy

Tesla, Inc.

Toshiba Corp.

Trojan Battery CO LLC

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Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Contact number: +91 7803040404

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

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