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Market Research Report
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1032663

U.S. Solar Battery Market by Type (Lead Acid, Lithium Ion, Flow Battery, and Others) and End user (Residential, Commercial, and Industrial): U.S. Opportunity Analysis and Industry Forecast, 2021-2030

Published: | Allied Market Research | 127 Pages | Delivery time: 2-3 business days

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U.S. Solar Battery Market by Type (Lead Acid, Lithium Ion, Flow Battery, and Others) and End user (Residential, Commercial, and Industrial): U.S. Opportunity Analysis and Industry Forecast, 2021-2030
Published: August 31, 2021
Allied Market Research
Content info: 127 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The U.S. solar battery market was valued at $16.9 million in 2020, and is projected to reach $37.7 million by 2030, growing at a CAGR of 8.2% from 2021 to 2030.

Solar battery is used for storage of excess solar power. Generally, solar battery is installed with inverter. It is rechargeable and can be generally used in solar panel systems. For industrial applications, solar battery can be used with other renewable power sources such as hydropower and wind power. In future, solar battery will be used with other renewable power sources as a part of renewable electricity mix to provide sustainable energy solutions. Some of the major applications of solar battery include solar charging stations, storage for power plants, and storage system for off-grids.

Rise in demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage is expected to drive the market growth. Moreover, the application of solar battery can effectively reduce carbon footprints. Implementation of solar battery can make a nation energy independent and reduce the dependence on imported fossil energy resources. The aim of meeting the climate change goal is boosting the implementation of solar projects in states such as California which is increasing the demand for solar batteries. Factors restraining the growth of the local manufacturers are the cheap imported solar batteries. In addition, the decrease in private investment owing to outbreak of COVID-19 might hinder the demand for solar batteries.

The study is segmented on the basis of type lead acid, lithium ion, flow battery, and others) and end user industrial, commercial, and residential. Additionally, the report includes key drivers, restraints, and opportunities in the market. The study also includes in-depth information of value chain analysis and patent analysis in the market.

Key benefits for stakeholders

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2021 to 2030 to determine the prevailing opportunities.

The study provides a comprehensive analysis of the factors that drive and restrict the growth of the market.

Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

Profiles of leading players operating in the U.S. solar battery market are provided to understand the competitive scenario.

The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.

Key market segments

By Type

  • Lead Acid
  • Lithium Ion
  • Lithium Iron Phosphate
  • Lithium Manganese Oxide
  • Lithium NMC Oxide
  • Flow Battery
  • Others

By End User

  • Residential
  • Commercial
  • Industrial
  • Key market players
  • Adara power
  • Aims Power
  • BBI Battery
  • Enersys
  • Fortress Power
  • Goal Zero
  • Panasonic Corporation
  • Power Sonic Corporation
  • Tesla. Inc
  • Simpliphi Power, Inc
  • Sunpower
  • Solaredge Technologies Inc
  • U.S. Battery Manufacturing Co.
  • Other players in the value chain of the market are Enphase Energy, and others.
Product Code: A13108

TABLE OF CONTENTS

CHAPTER 1:INTRODUCTION

  • 1.1.Report description
  • 1.2.Key benefits for stakeholders
  • 1.3.Key market segments
  • 1.4.Research methodology
    • 1.4.1.Primary research
    • 1.4.2.Secondary research
    • 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

  • 2.1.Key findings of the study
  • 2.2.Key findings
    • 2.2.1.Top investment pockets
  • 2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

  • 3.1.Market definition and scope
  • 3.2.Porter's five forces analysis
  • 3.3.Market dynamics
    • 3.3.1.Drivers
      • 3.3.1.1.Supportive government regulations for use of photovoltaic technology
      • 3.3.1.2.Growing interest toward renewable energy storage solutions
    • 3.3.2.Restraint
      • 3.3.2.1.High initial installation cost
    • 3.3.3.Opportunity
      • 3.3.3.1.Advancements in energy backup systems
  • 3.4.Value chain
  • 3.5.Impact of Key Regulation
  • 3.6.Patent Analysis, (2012-2020)
  • 3.7.Impact of COVID-19 outbreak on the U.S. Solar Battery market

CHAPTER 4:U.S. SOLAR BATTERY MARKET, BY TYPE

  • 4.1.Overview
    • 4.1.1.Market size and forecast
  • 4.2.Lithium ion
    • 4.2.1.Key market trends, growth factors, and opportunities
    • 4.2.2.Market size and forecast, by type
      • 4.2.2.1.Lithium iron phosphate
      • 4.2.2.2.Lithium manganese oxide
      • 4.2.2.3.Lithium NMC oxide
      • 4.2.2.4.Others
  • 4.3.Lead acid
    • 4.3.1.Key market trends, growth factors, and opportunities
  • 4.4.Flow battery
    • 4.4.1.Key market trends, growth factors, and opportunities
  • 4.5.Others
    • 4.5.1.Key market trends, growth factors, and opportunities

CHAPTER 5:U.S. SOLAR BATTERY MARKET, BY END USER

  • 5.1.Overview
    • 5.1.1.Market size and forecast
  • 5.2.Industrial
    • 5.2.1.Key market trends, growth factors, and opportunities
  • 5.3.Residential
    • 5.3.1.Key market trends, growth factors, and opportunities
  • 5.4.Commercial
    • 5.4.1.Key market trends, growth factors, and opportunities

CHAPTER 6:COMPETITIVE LANDSCAPE

  • 6.1.Introduction
    • 6.1.1.Market player positioning, 2020
  • 6.2.Top winning strategies
    • 6.2.1.Top winning strategies, by year
    • 6.2.2.Top winning strategies, by company
    • 6.2.3.Top winning strategies, by company
  • 6.3.Product mapping of industry participants
  • 6.4.Competitive heatmap

CHAPTER 7:COMPANY PROFILES

  • 7.1.ADARA POWER
    • 7.1.1.Company overview
    • 7.1.2.Company snapshot
    • 7.1.3.Product portfolio
  • 7.2.Aims Power
    • 7.2.1.Company overview
    • 7.2.2.Key executive
    • 7.2.3.Company snapshot
    • 7.2.4.Product portfolio
  • 7.3.Concorde Battery
    • 7.3.1.Company overview
    • 7.3.2.Key executive
    • 7.3.3.Company snapshot
    • 7.3.4.Product portfolio
  • 7.4.ENERSYS
    • 7.4.1.Company overview
    • 7.4.2.Company snapshot
    • 7.4.3.Operating business segments
    • 7.4.4.Product portfolio
    • 7.4.5.Business performance
  • 7.5.Fortress Power
    • 7.5.1.Company overview
    • 7.5.2.Key executive
    • 7.5.3.Company snapshot
    • 7.5.4.Product portfolio
    • 7.5.5.Key strategic moves and developments
  • 7.6.Goal Zero LLC
    • 7.6.1.Company overview
    • 7.6.2.Key executive
    • 7.6.3.Company snapshot
    • 7.6.4.Operating business segments
    • 7.6.5.Business performance (NRG Energy, Inc.)
  • 7.7.Panasonic Corporation
    • 7.7.1.Company overview
    • 7.7.2.Key executive
    • 7.7.3.Company snapshot
    • 7.7.4.Operating business segments
    • 7.7.5.Product portfolio
    • 7.7.6.Business performance
    • 7.7.7.Key strategic moves and developments
  • 7.8.Power Sonic Corporation
    • 7.8.1.Company overview
    • 7.8.2.Key executive
    • 7.8.3.Company snapshot
    • 7.8.4.Operating business segments
    • 7.8.5.Product portfolio
    • 7.8.6.Key strategic moves and developments
  • 7.9.Tesla, Inc.
    • 7.9.1.Company overview
    • 7.9.2.Key executive
    • 7.9.3.Company snapshot
    • 7.9.4.Operating business segments
    • 7.9.5.Product portfolio
    • 7.9.6.R&D expenditure
    • 7.9.7.Business performance
    • 7.9.8.Key strategic moves and developments
  • 7.10.Simpliphi Power, Inc.
    • 7.10.1.Company overview
    • 7.10.2.Key executive
    • 7.10.3.Company snapshot
    • 7.10.4.Product portfolio
    • 7.10.5.Key strategic moves and developments
  • 7.11.SunPower Corporation
    • 7.11.1.Company overview
    • 7.11.2.Key executive
    • 7.11.3.Company snapshot
    • 7.11.4.Operating business segments
    • 7.11.5.Product portfolio
    • 7.11.6.R&D expenditure
    • 7.11.7.Business performance
    • 7.11.8.Key strategic moves and developments
  • 7.12.SolarEdge Technologies Inc.
    • 7.12.1.Company overview
    • 7.12.2.Key executive
    • 7.12.3.Company snapshot
    • 7.12.4.Operating business segments
    • 7.12.5.Product portfolio
    • 7.12.6.R&D expenditure
    • 7.12.7.Business performance
    • 7.12.8.Key strategic moves and developments
  • 7.13.U.S. Battery Manufacturing Co.
    • 7.13.1.Company overview
    • 7.13.2.Key executive
    • 7.13.3.Company snapshot
    • 7.13.4.Product portfolio

LIST OF TABLES

  • TABLE 01.U.S. SOLAR BATTERY MARKET, BY TYPE, 2020-2030 (MW)
  • TABLE 02.U.S. SOLAR BATTERY MARKET, BY TYPE, 2020-2030 ($MILLION)
  • TABLE 03.U.S. LITHIUM-ION SOLAR BATTERY MARKET, BY TYPE, 2020-2030 (MW)
  • TABLE 04.U.S. LITHIUM-ION SOLAR BATTERY MARKET, BY TYPE, 2020-2030 ($MILLION)
  • TABLE 05.U.S. SOLAR BATTERY MARKET, BY END USER, 2020-2030 (MW)
  • TABLE 06.U.S. SOLAR BATTERY MARKET, BY END USER, 2020-2030 ($MILLION)
  • TABLE 07.ADARA POWER: COMPANY SNAPSHOT
  • TABLE 08.ADARA POWER: PRODUCT PORTFOLIO
  • TABLE 09.AIMS: KEY EXECUTIVES
  • TABLE 10.AIMS: COMPANY SNAPSHOT
  • TABLE 11.AIMS: PRODUCT PORTFOLIO
  • TABLE 12.CONCORDE: KEY EXECUTIVES
  • TABLE 13.CONCORDE: COMPANY SNAPSHOT
  • TABLE 14.CONCORDE BATTERY: PRODUCT PORTFOLIO
  • TABLE 15.ENERSYS: COMPANY SNAPSHOT
  • TABLE 16.ENERSYS: OPERATING SEGMENTS
  • TABLE 17.ENERSYS: PRODUCT PORTFOLIO
  • TABLE 18.ENERSYS: OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 19.FORTRESS: KEY EXECUTIVES
  • TABLE 20.FORTRESS: COMPANY SNAPSHOT
  • TABLE 21.FORTRESS: PRODUCT PORTFOLIO
  • TABLE 22.FORTRESS: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 23.GOAL ZERO: KEY EXECUTIVES
  • TABLE 24.GOAL ZERO: COMPANY SNAPSHOT
  • TABLE 25.NRG ENERGY, INC.: OPERATING SEGMENTS
  • TABLE 26.NRG ENERGY: NET SALES, 2018-2020 ($MILLION)
  • TABLE 27.PANASONIC: KEY EXECUTIVES
  • TABLE 28.PANASONIC: COMPANY SNAPSHOT
  • TABLE 29.PANASONIC: OPERATING SEGMENTS
  • TABLE 30.PANASONIC: PRODUCT PORTFOLIO
  • TABLE 31.PANASONIC: NET SALES, 2018-2020 ($MILLION)
  • TABLE 32.PANASONIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 33.PS CORPORATION: KEY EXECUTIVES
  • TABLE 34.PS CORPORATION: COMPANY SNAPSHOT
  • TABLE 35.PS CORPORATION: OPERATING SEGMENTS
  • TABLE 36.PS CORPORATION: PRODUCT PORTFOLIO
  • TABLE 37.PS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 38.TESLA: KEY EXECUTIVES
  • TABLE 39.TESLA: COMPANY SNAPSHOT
  • TABLE 40.TESLA: OPERATING SEGMENTS
  • TABLE 41.TESLA: PRODUCT PORTFOLIO
  • TABLE 42.TESLA: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • TABLE 43.TESLA: NET SALES, 2018-2020 ($MILLION)
  • TABLE 44.TESLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 45.SIMPLIPHI: KEY EXECUTIVES
  • TABLE 46.SIMPLIPHI: COMPANY SNAPSHOT
  • TABLE 47.SIMPLIPHI: PRODUCT PORTFOLIO
  • TABLE 48.SIMPLIPHI: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 49.SUNPOWER: KEY EXECUTIVES
  • TABLE 50.SUNPOWER: COMPANY SNAPSHOT
  • TABLE 51.SUNPOWER: OPERATING SEGMENTS
  • TABLE 52.SUNPOWER: PRODUCT PORTFOLIO
  • TABLE 53.SUNPOWER: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • TABLE 54.SUNPOWER: NET SALES, 2018-2020 ($MILLION)
  • TABLE 55.SUNPOWER: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 56.SOLAREDGE: KEY EXECUTIVES
  • TABLE 57.SUNPOWER: COMPANY SNAPSHOT
  • TABLE 58.SOLAREDGE: OPERATING SEGMENTS
  • TABLE 59.SOLAREDGE: PRODUCT PORTFOLIO
  • TABLE 60.SOLAREDGE: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • TABLE 61.SOLAREDGE: NET SALES, 2018-2020 ($MILLION)
  • TABLE 62.SOLAREDGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 63.U.S. BATTERY: KEY EXECUTIVES
  • TABLE 64.U.S. BATTERY: COMPANY SNAPSHOT
  • TABLE 65.U.S. BATTERY: PRODUCT PORTFOLIO

LIST OF FIGURES

  • FIGURE 01.KEY MARKET SEGMENTS
  • FIGURE 02.U.S. SOLAR BATTERY MARKET SNAPSHOT, BY SEGMENTATION, 2021-2030
  • FIGURE 03.TOP INVESTMENT POCKETS, BY TYPE
  • FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
  • FIGURE 05.LOW BARGAINING POWER OF BUYERS
  • FIGURE 06.MODERATE THREAT OF SUBSTITUTES
  • FIGURE 07.MODERATE THREAT OF NEW ENTRANTS
  • FIGURE 08.HIGH INTENSITY OF RIVALRY
  • FIGURE 09.U.S. SOLAR BATTERY: MARKET DYNAMICS
  • FIGURE 10.U.S. SOLAR BATTERY MARKET: VALUE CHAIN
  • FIGURE 11.PATENT ANALYSIS, BY COUNTRIES
  • FIGURE 12.U.S. SOLAR BATTERY MARKET, BY TYPE, 2021-2030 ($MILLION)
  • FIGURE 13.U.S. SOLAR BATTERY MARKET, BY END USER, 2021-2030 ($MILLION)
  • FIGURE 14.MARKET PLAYER POSITIONING, 2020
  • FIGURE 15.TOP WINNING STRATEGIES, BY YEAR, 2018-2021
  • FIGURE 16.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021
  • FIGURE 17.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021
  • FIGURE 18.PRODUCT MAPPING OF INDUSTRY PARTICIPANTS
  • FIGURE 19.COMPETITIVE HEATMAP OF KEY PLAYERS
  • FIGURE 20.ENERSYS: REVENUE, 2018-2020 ($MILLION)
  • FIGURE 21.ENERSYS: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 22.ENERSYS: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 23.NRG ENERGY: NET SALES, 2018-2020 ($MILLION)
  • FIGURE 24.NRG ENERGY: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 25.PANASONIC: NET SALES, 2018-2020 ($MILLION)
  • FIGURE 26.PANASONIC: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 27.PANASONIC: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 28.TESLA: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • FIGURE 29.TESLA: NET SALES, 2018-2020 ($MILLION)
  • FIGURE 30.TESLA: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 31.TESLA: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 32.SUNPOWER: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • FIGURE 33.SUNPOWER: NET SALES, 2018-2020 ($MILLION)
  • FIGURE 34.SUNPOWER: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 35.SUNPOWER: REVENUE SHARE BY CONTRACT WITH CUSTOMERS, 2020 (%)
  • FIGURE 36.SOLAREDGE: R&D EXPENDITURE, 2018-2020 ($MILLION)
  • FIGURE 37.SOLAREDGE: NET SALES, 2018-2020 ($MILLION)
  • FIGURE 38.SOLAREDGE: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 39.SOLAREDGE: REVENUE SHARE BY REGION, 2020 (%)