Solar Energy Storage Market By Type (Lead Acid, Lithium Ion, Flow Battery, Others), By Installation (On grid, Off grid): Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global solar energy storage market size was valued at $9.8 billion in 2021, and is projected to reach $20.9 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

Solar energy is stored in a battery by pumping solar energy into battery to initiate a chemical reaction among the component of the battery and discharge the power as per requirement. It is made of lithium ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major installations of solar battery include solar charging stations, storage for power plants, and storage system for off-grids.

The solar energy storage market is segmented on the basis of type, installation, and region. On the basis of type, the market is categorized into lead acid, lithium ion, flow battery, and others. On the basis of installation, the market is divided into on grid and off grid. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global solar energy storage market forecast profiles leading players that include ADARA POWER,BASF SE, BMW, ENERSYS, Evonik Industries AG, KOKAM, Leclanche SA, LG CHEM, LG Electronics, MAXWELL TECHNOLOGIES, Owens Corning, PPG Industries, Inc., PRIMUS POWER, SAMSUNG, Siemen, Sumitomo Chemical Co., Ltd, and THE LUBRIZOL CORPORATION. The global solar energy storage market report provides in-depth competitive analysis as well as profiles of these major players.

Rise in demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage installation is expected to drive the solar energy storage market growth. Moreover, the installation of solar battery can effectively reduce carbon footprints. Implementation of solar energy storage battery can make a nation energy independent and reduce the dependence on imported fossil energy resources. Furthermore, growing interest of industry players toward renewable energy storage solutions is expected to increase investment opportunities during the forecast timeframe. For instance, countries, such as the UK and Portugal, are encouraging capacity auctions for solar battery storage instead of conventional energy storage systems. Such developments are projected to positively impact the market growth.

However, the initial installation cost is a burden for small & medium-sized enterprises. At the current stage, financing for solar project requires selling of assets to aggregators to maintain sufficient liquid capital to develop the next project and cover operational overhead. These factors together may negatively impact the solar energy storage market growth.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar energy storage market analysis from 2021 to 2031 to identify the prevailing solar energy storage market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solar energy storage market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solar energy storage market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Lead Acid
Lithium Ion
Flow Battery
Others

By Installation

On grid
Off grid

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Enersys
- Kokam
- SAMSUNG
- ADARA POWER
- BASF SE
- BMW
- EVONIK INDUSTRIES AG
- Leclanche 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

Product Code: A17238

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Key Regulation Analysis
3.9.Patent Landscape
3.10.Pricing Analysis

CHAPTER 4: SOLAR ENERGY STORAGE MARKET, BY TYPE

4.1 Overview
- 4.1.1 Market size and forecast
4.2 Lead Acid
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
4.3 Lithium Ion
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
4.4 Flow Battery
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
4.5 Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country

CHAPTER 5: SOLAR ENERGY STORAGE MARKET, BY INSTALLATION

5.1 Overview
- 5.1.1 Market size and forecast
5.2 On grid
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
5.3 Off grid
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country

CHAPTER 6: SOLAR ENERGY STORAGE MARKET, BY REGION

6.1 Overview
- 6.1.1 Market size and forecast
6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Type
- 6.2.3 North America Market size and forecast, by Installation
- 6.2.4 North America Market size and forecast, by country
  - 6.2.4.1 U.S.
  - 6.2.4.1.1 Market size and forecast, by Type
  - 6.2.4.1.2 Market size and forecast, by Installation
  - 6.2.4.2 Canada
  - 6.2.4.2.1 Market size and forecast, by Type
  - 6.2.4.2.2 Market size and forecast, by Installation
  - 6.2.4.3 Mexico
  - 6.2.4.3.1 Market size and forecast, by Type
  - 6.2.4.3.2 Market size and forecast, by Installation
6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Type
- 6.3.3 Europe Market size and forecast, by Installation
- 6.3.4 Europe Market size and forecast, by country
  - 6.3.4.1 Germany
  - 6.3.4.1.1 Market size and forecast, by Type
  - 6.3.4.1.2 Market size and forecast, by Installation
  - 6.3.4.2 France
  - 6.3.4.2.1 Market size and forecast, by Type
  - 6.3.4.2.2 Market size and forecast, by Installation
  - 6.3.4.3 Italy
  - 6.3.4.3.1 Market size and forecast, by Type
  - 6.3.4.3.2 Market size and forecast, by Installation
  - 6.3.4.4 Spain
  - 6.3.4.4.1 Market size and forecast, by Type
  - 6.3.4.4.2 Market size and forecast, by Installation
  - 6.3.4.5 UK
  - 6.3.4.5.1 Market size and forecast, by Type
  - 6.3.4.5.2 Market size and forecast, by Installation
  - 6.3.4.6 Rest of Europe
  - 6.3.4.6.1 Market size and forecast, by Type
  - 6.3.4.6.2 Market size and forecast, by Installation
6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Type
- 6.4.3 Asia-Pacific Market size and forecast, by Installation
- 6.4.4 Asia-Pacific Market size and forecast, by country
  - 6.4.4.1 China
  - 6.4.4.1.1 Market size and forecast, by Type
  - 6.4.4.1.2 Market size and forecast, by Installation
  - 6.4.4.2 Japan
  - 6.4.4.2.1 Market size and forecast, by Type
  - 6.4.4.2.2 Market size and forecast, by Installation
  - 6.4.4.3 India
  - 6.4.4.3.1 Market size and forecast, by Type
  - 6.4.4.3.2 Market size and forecast, by Installation
  - 6.4.4.4 South Korea
  - 6.4.4.4.1 Market size and forecast, by Type
  - 6.4.4.4.2 Market size and forecast, by Installation
  - 6.4.4.5 Australia
  - 6.4.4.5.1 Market size and forecast, by Type
  - 6.4.4.5.2 Market size and forecast, by Installation
  - 6.4.4.6 Rest of Asia-Pacific
  - 6.4.4.6.1 Market size and forecast, by Type
  - 6.4.4.6.2 Market size and forecast, by Installation
6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Type
- 6.5.3 LAMEA Market size and forecast, by Installation
- 6.5.4 LAMEA Market size and forecast, by country
  - 6.5.4.1 Brazil
  - 6.5.4.1.1 Market size and forecast, by Type
  - 6.5.4.1.2 Market size and forecast, by Installation
  - 6.5.4.2 South Africa,
  - 6.5.4.2.1 Market size and forecast, by Type
  - 6.5.4.2.2 Market size and forecast, by Installation
  - 6.5.4.3 Saudi Arabia
  - 6.5.4.3.1 Market size and forecast, by Type
  - 6.5.4.3.2 Market size and forecast, by Installation
  - 6.5.4.4 Rest of LAMEA
  - 6.5.4.4.1 Market size and forecast, by Type
  - 6.5.4.4.2 Market size and forecast, by Installation

CHAPTER 7: COMPANY LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES

8.1 Enersys
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
8.2 Kokam
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
8.3 SAMSUNG
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
8.4 ADARA POWER
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
8.5 BASF SE
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
8.6 BMW
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
8.7 EVONIK INDUSTRIES AG
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
8.8 Leclanche SA
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
8.9 LG Chem Ltd
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments
8.10 LG Electronics Inc.
- 8.10.1 Company overview
- 8.10.2 Company snapshot
- 8.10.3 Operating business segments
- 8.10.4 Product portfolio
- 8.10.5 Business performance
- 8.10.6 Key strategic moves and developments
8.11 MAXWELL TECHNOLOGIES
- 8.11.1 Company overview
- 8.11.2 Company snapshot
- 8.11.3 Operating business segments
- 8.11.4 Product portfolio
- 8.11.5 Business performance
- 8.11.6 Key strategic moves and developments
8.12 Owens Corning
- 8.12.1 Company overview
- 8.12.2 Company snapshot
- 8.12.3 Operating business segments
- 8.12.4 Product portfolio
- 8.12.5 Business performance
- 8.12.6 Key strategic moves and developments
8.13 PPG Industries, Inc.
- 8.13.1 Company overview
- 8.13.2 Company snapshot
- 8.13.3 Operating business segments
- 8.13.4 Product portfolio
- 8.13.5 Business performance
- 8.13.6 Key strategic moves and developments
8.14 Primus Power
- 8.14.1 Company overview
- 8.14.2 Company snapshot
- 8.14.3 Operating business segments
- 8.14.4 Product portfolio
- 8.14.5 Business performance
- 8.14.6 Key strategic moves and developments
8.15 Siemens Energy
- 8.15.1 Company overview
- 8.15.2 Company snapshot
- 8.15.3 Operating business segments
- 8.15.4 Product portfolio
- 8.15.5 Business performance
- 8.15.6 Key strategic moves and developments
8.16 Sumitomo Chemical Co., Ltd
- 8.16.1 Company overview
- 8.16.2 Company snapshot
- 8.16.3 Operating business segments
- 8.16.4 Product portfolio
- 8.16.5 Business performance
- 8.16.6 Key strategic moves and developments
8.17 The Lubrizol Corporation
- 8.17.1 Company overview
- 8.17.2 Company snapshot
- 8.17.3 Operating business segments
- 8.17.4 Product portfolio
- 8.17.5 Business performance
- 8.17.6 Key strategic moves and developments