Solar Energy Storage Market to Witness Steady Growth through 2028

Stratview Research has recently published a report on the Solar Energy Storage Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The Market is Segmented by Composition Type (Lead Acid, Lithium Ion, Flow Battery, and Others), by Capacity Type (Up to 50kW, 51 to 250 kW, 251 to 500 kW, 501 to 1000 kW, 1001 to 2500 kW, 2501 to 5000 kW, 5001 to 10000 kW, and >10000 kW), by Installation Type (On-grid and and Off-grid), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Solar Energy Storage Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Solar Energy Storage Market was estimated to grow from USD 416.4 million in 2021 to USD 3528.33 million in 2028. And this market witnessed an impressive CAGR of 35.7% during the forecast period.

Some of the companies drive the market growth:

  • BMW

  • BYD

  • Kokam

  • Carnegie Clean Energy

  • Primus Power

  • Maxwell Technologies

  • Samsung

  • LG Chem

  • EnerSys

  • Leclanche

  • BAE

  • Saft


  • Vionx

  • Adara Power

  • Aquion

  • Ecoult.

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Segments' Analysis

By Composition Type

The market is segmented as lead acid, lithium-ion, flow battery, and others. The lead acid battery storage segment is expected to witness significant growth rate in the market during the assessment period owing to its good cost-performance ratio across a broad range of applications. Furthermore, lead acid batteries are the first rechargeable batteries to be deployed in wide-scale uses, thereby driving the growth of the segment.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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