According to a market report by Lucintel, the future of the global solar battery market looks promising with opportunities in the industrial, commercial, and residential markets. The global solar battery market is expected to reach an estimated $1 billion by 2030 with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are the augmenting demand for renewable energy, expanding awareness of the benefits of solar batteries, and rising need to reduce carbon emissions.
A more
than 150-page report to understand trends, opportunity and forecast in global solar
battery market to 2030 by type (lead acid, lithium-ion, and flow battery), end
use (industrial, commercial, and residential), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, the lithium-ion segment is expected
to witness the highest growth over the forecast period as they are more durable
and have a longer lifespan than traditional lithium-ion batteries.
Download
sample by clicking on solar battery market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period due to high demand for energy to support economic growth, and expanding
number of solar power projects in the region.
Enersys,
Exide Industries, LG Electronics, Loom Solar, Luminous, Okaya, Panasonic, SAFT,
Samsung, BAE Batterien are the major suppliers in the solar battery market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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