Global Industry Analysts Predicts the World Solar Batteries Market to Reach $15.8 Billion by 2026

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Jul 04, 2022, 10:45 ET

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Solar Batteries - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Global Industry Analysts Predicts the World Solar Batteries Market to Reach $15.8 Billion by 2026

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Edition: 6; Released: January 2022
Executive Pool: 361
Companies: 54 - Players covered include A123 Systems LLC; Alpha Technologies, Inc.; BAE Batterien GmbH; Battery Energy Power Solutions Pty; Betta Batteries Europe BV; BYD Co., Ltd.; C&D Technologies, Inc.; East Penn Manufacturing Co., Inc.; EnerSys; Exide Technologies; GS Yuasa Corporation; HBL Power Systems Ltd.; LG Chem; SAFT; Samsung SDI Co., Ltd; Systems Sunlight S.A. and Others.
Coverage: All major geographies and key segments
Segments: Battery Technology (Lithium-Ion Batteries, Lead-Acid Batteries, Sodium-based Batteries)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Solar Batteries Market to Reach $15.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Solar Batteries estimated at US$6.8 Billion, is projected to reach a revised size of US$15.8 Billion by 2026, growing at a CAGR of 15% over the analysis period. Lithium-Ion Batteries, one of the segments analyzed in the report, is projected to record a 18.1% CAGR and reach US$9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lead-Acid Batteries segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $3.6 Billion by 2026
The Solar Batteries market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2026 trailing a CAGR of 20% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 13.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.

Sodium-based Batteries Segment to Reach US$2.9 Billion by the year 2026
In the global Sodium-based Batteries segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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