Global Solar Energy and Battery Storage Market Analysis and Forecast, 2022-2028
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The global Solar Energy and Battery Storage Market is expected to grow at a CAGR of 7.8% over the forecast period of 2022-2028.
Market Scope & Overview
The global Solar Energy and Battery Storage Market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. RationalStat practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Solar Energy and Battery Storage Market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.
The global Solar Energy and Battery Storage Market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
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Key Market Segmentation and Companies
RationalStat has segmented the global Solar Energy and Battery Storage Market based on type, installation, and region.
- By Type
- Lead Acid
- Lithium Ion
- Flow Battery
- Others
- By Installation
- On grid
- Off grid
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
- Leading Companies and Market Players
- PPG Industries, Inc.
- Sumitomo Chemical Co., Ltd
- LG Chem Ltd
- Owens Corning
- BASF SE
- LG Electronics Inc.
- Leclanché SA
- MAXWELL TECHNOLOGIES
- Enersys
- The Lubrizol Corporation
To customize reports as per your needs, speak to our analyst
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-2066 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Application Analysis
10. Parent Market Overview: Global Renewable Energy Market
11. Segmental Analysis
11.1.Global Solar Energy and Battery Storage Market by Type
11.1.1. Segment Overview
11.1.1.1. Lead Acid
11.1.1.2. Lithium Ion
11.1.1.3. Flow Battery
11.1.1.4. Others
11.2.Global Solar Energy and Battery Storage Market by Installation
11.2.1. Segment Overview
11.2.1.1. On grid
11.2.1.2. Off grid
11.3.Global Solar Energy and Battery Storage Market by Region
11.3.1. North America
11.3.2. Latin America
11.3.3. Western Europe
11.3.4. Eastern Europe
11.3.5. Asia Pacific
11.3.6. Middle East & Africa
12. Regional Analysis
12.1.North America Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Solar Energy and Battery Storage Market by Type
12.1.3. North America Solar Energy and Battery Storage Market by Installation
12.1.4. North America Solar Energy and Battery Storage Market by Country
12.1.4.1. US
12.2.Latin America Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Solar Energy and Battery Storage Market by Type
12.2.3. Latin America Solar Energy and Battery Storage Market by Installation
12.2.4. Latin America Solar Energy and Battery Storage Market by Country
12.2.4.1. Brazil
12.2.4.2. Mexico
12.2.4.3. Rest of Latin America
12.3.Western Europe Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Solar Energy and Battery Storage Market by Type
12.3.3. Western Europe Solar Energy and Battery Storage Market by Installation
12.3.4. Western Europe Solar Energy and Battery Storage Market by Country
12.3.4.1. Germany
12.3.4.2. UK
12.3.4.3. France
12.3.4.4. Spain
12.3.4.5. Italy
12.3.4.6. Benelux
12.3.4.7. Nordic
12.3.4.8. Rest of Western Europe
12.4.Eastern Europe Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Solar Energy and Battery Storage Market by Type
12.4.3. Eastern Europe Solar Energy and Battery Storage Market by Installation
12.4.4. Eastern Europe Solar Energy and Battery Storage Market by Country
12.4.4.1. Russia
12.4.4.2. Poland
12.4.4.3. Rest of Eastern Europe
12.5.Asia Pacific Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Solar Energy and Battery Storage Market by Type
12.5.3. Asia Pacific Solar Energy and Battery Storage Market by Installation
12.5.4. Asia Pacific Solar Energy and Battery Storage Market by Country
12.5.4.1. China
12.5.4.2. Japan
12.5.4.3. India
12.5.4.4. South Korea
12.5.4.5. Australia
12.5.4.6. ASEAN
12.5.4.7. Rest of Asia-Pacific
12.6.Middle East & Africa Solar Energy and Battery Storage Market Analysis and Forecast 2019-2028
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Solar Energy and Battery Storage Market by Type
12.6.3. Middle East & Africa Solar Energy and Battery Storage Market by Installation
12.6.4. Middle East & Africa Solar Energy and Battery Storage Market by Country
12.6.4.1. GCC
12.6.4.2. South Africa
12.6.4.3. Turkey
12.6.4.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1.Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2.Competitive Benchmarking
13.3.Key Strategy Analysis
13.4.Company Profiles
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Financials
13.4.1.4. Recent Developments
13.4.2. Sumitomo Chemical Co., Ltd
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Financials
13.4.2.4. Recent Developments
13.4.3. LG Chem Ltd
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Key Financials
13.4.3.4. Recent Developments
13.4.4. Owens Corning
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Key Financials
13.4.4.4. Recent Developments
13.4.5. BASF SE
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Financials
13.4.5.4. Recent Developments
13.4.6. LG Electronics Inc.
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Financials
13.4.6.4. Recent Developments
13.4.7. Leclanché SA
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Financials
13.4.7.4. Recent Developments
13.4.8. MAXWELL TECHNOLOGIES
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Financials
13.4.8.4. Recent Developments
13.4.9. Enersys
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Financials
13.4.9.4. Recent Developments
13.4.10. The Lubrizol Corporation
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Financials
13.4.10.4. Recent Developments
A comprehensive list of Solar Energy and Battery Storage brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
14. Disclaimer
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Research Methodology
Complete Table of Contents, List of Charts and Tables
Exclusive Facts & Illustrations
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