Solar Energy Storage Market 2020 Global Industry Trends | Growth Dynamics To 2025 – Market Research Posts

Asia Pacific solar energy storage market is anticipated to exceed 40% by 2025. Stringent government norms coupled with public and private investments in renewable energy solutions across the region inculcating partial decarbonization activities will positively influence the business outlook. Growing investor inclination toward new renewable projects after post-COP21 agreement has witnessed a rapid expansion of the conventional bond industry. The existing regulatory policies and fiscal incentives across the region favor these prospects. Moreover, solar is a relatively abundant and effective energy source which enhances its penetration in many countries inducing long-term policies to emphasize renewable growth in their overall conventional energy portfolio.

Large scale investments has benefitted lithium ion segment on account of their deployment across a wide range of applications. Rapid inclination toward cost reduction potential through an increase in competitive supply chains, material improvements and scale of production capacity will positively influence the product demand. In addition, large scale technological development of Evs favored by ongoing solar integration will augment the industry dynamics.

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The global solar energy storage market size is expanding at an unprecedented pace owing to the increased adoption of renewable energy sources by various sectors of the economy to replace the traditional forms of energy usage. Additionally, numerous initiatives of businesses and government agencies to explore sustainable and efficient power sources and their storage has contributed to the enhancement of solar energy storage market share.

The demand for electric batteries to reduce the fuel cost has also witnessed a considerable growth mainly due to the proliferation of electric vehicles, which has driven companies to integrate storage units that are performance oriented. Consequentially, the usage of lithium ion battery storage systems across various business verticals is increasing. Apparently, these batteries are gradually replacing their substitutes for solar storage in grid connection.

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.

Prominent solar energy storage market players include Carnegie Clean Energy, BMW, Kokam, BYD, Primus Power, Samsung, Maxwell Technologies, EnerSys, LG Chem, Leclanche, FIAMM, Vionx BAE, Saft, Adara Power, Ecoult and Aquion.

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Product flexibility, competitive pricing, reliability and brand value are few key factors to validate solar energy storage market competitiveness. Moreover, extensive R&D investments and self-attained product patents coupled with flexible process implications across the integrated distribution channels, have further augmented the business portfolio.

Table of Contents (ToC) of the report:

Chapter 4    Global Solar Energy Storage Market, By Composition

4.1    Global Solar Energy Storage market share by composition, 2018 & 2025

4.2    Lead acid

4.2.1    Global market from lead acid, 2014 – 2025

4.2.2    Global market from lead acid, by region, 2014 – 2025

4.3    Lithium ion

4.3.1    Global market from lithium ion, 2014 – 2025

4.3.2    Global market from lithium ion, by region, 2014 – 2025

4.4    Flow battery

4.4.1    Global market from flow battery, 2014 – 2025

4.4.2    Global market from flow battery, by region, 2014 – 2025

4.5    Others

4.5.1    Global market from others, 2014 – 2025

4.5.2    Global market from others, by region, 2014 – 2025

Chapter 5    Global Solar Energy Storage Market, By Capacity

5.1    Global solar energy storage market share by capacity, 2018 & 2025

5.2    Up to 50 kW

5.2.1    Global market from up to 50 kW, 2014 – 2025

5.2.2    Global market from up to 50 kW, by region, 2014 – 2025

5.3    51 to 250 kW

5.3.1    Global market from 51 to 250 kW, 2014 – 2025

5.3.2    Global market from 51 to 250 kW, by region, 2014 – 2025

5.4    251 to 500 kW

5.4.1    Global market from 251 to 500 kW, 2014 – 2025

5.4.2    Global market from 251 to 500 kW, by region, 2014 – 2025

5.5    501 to 1000 kW

5.5.1    Global market from 501 to 1000 kW, 2014 – 2025

5.5.2    Global market from 501 to 1000 kW, by region, 2014 – 2025

5.6    1001 to 2500 kW

5.6.1    Global market from 1001 to 2500 kW, 2014 – 2025

5.6.2    Global market from 1001 to 2500 kW, by region, 2014 – 2025

5.7    2501 to 5000 kW

5.7.1    Global market from 2501 to 5000 kW, 2014 – 2025

5.7.2    Global market from 2501 to 5000 kW, by region, 2014 – 2025

5.8    5001 to 10000 kW

5.8.1    Global market from 5001 to 10000 kW, 2014 – 2025

5.8.2    Global market from 5001 to 10000 kW, by region, 2014 – 2025

5.9    > 10000 kW

5.9.1    Global market from > 10000 kW, 2014 – 2025

5.9.2    Global market from > 10000 kW, by region, 2014 – 2025

Chapter 6    Global Solar Energy Storage Market, By Installation

6.1    Global solar energy storage market share by installation, 2018 & 2025

6.2    On-grid

6.2.1    Global market from on-grid, 2014 – 2025

6.2.2    Global market from on-grid, by region, 2014 – 2025

6.3    Off-grid

6.3.1    Global market from off-grid, 2014 – 2025

6.3.2    Global market from off-grid, by region, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/solar-energy-storage-market

Source: https://marketresearchposts.com/2020/08/07/solar-energy-storage-market-2020-global-industry-trends-growth-dynamics-to-2025/

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