Solar Energy Storage Market by End-user, Installation Sites and Geography-Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 173 SKU: IRTNTR74658

Solar Energy Storage Market Analysis Report 2023-2027

The solar energy storage market size is estimated to grow at a CAGR of 9% between 2022 and 2027. The market size is forecast to increase by USD 5,508.04 million. The growth of the market depends on several factors, including a reduction in the costs of solar PV systems, a rise in global energy demand and growth in government support.

Solar Energy Storage Market Overview :

  • The market segmentation by End-user (utilities, residential, and commercial and industrial) 
  • The utility segment is fastest growing segment during the forecast year
  • The utility segment  was the largest segment and was valued at  USD 4365.07 million in 2017
  • The Regional Analysis consists of APAC, North America, Europe, Middle East and Africa, and South America
  • APAC is is most dominating region during the forecast period
  •  It also includes an in-depth analysis of drivers (factors influencing market growth), trends (emerging patterns or shifts in consumer behavior), and challenges (barriers or obstacles faced by the industry)

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Solar Energy Storage Market Trends 

 A key factor shaping the  solar energy storage market growth is the increasing investment in renewable energy sources. Renewable energy sources plays a crucial role due to the e global shift toward achieving a sustainable and less carbon-intensive environment. There has been an increasing demand for renewable energy sources due to a sharp reduction in the cost of solar PV systems and wind power systems.

Furthermore, there is a rise in nvestments in clean energy significantly across the world. For instance, according to the IEA, the annual global energy investment increased to USD 1.9 trillion in 2021, rebounding nearly 10% from 2020. The investment in renewable power was boosted by record spending on solar PV, of which China accounted for the highest share in 2021. Thus the increase in use of renewable energy sources, such as solar PV and wind with the support of several government investments is expected to drive the solar energy storage market growth during the forecast period.v

Largest-Growing Segments 

End-User Analysis

The market share growth by the utilities segment will be significant during the forecast period. Due to the stringent regulations put forth by governments to reduce carbon emissions during power generation, several countries have been transitioning to include renewable power in the grid. However, utilities have invested substantially in fossil fuel-based power generation as  fossil fuels have been traditionally used to produce electricity.

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 Energy storage is one of the important aspects in helping governments decarbonize economies, due to the rise in the use of renewables, such as solar and wind energy, which are intermittent sources of power generation. For instance, energy use in Hawaii has historically been linked to the expensive import of polluting diesel fuel. Due to this, there has been a large-scale adoption of rooftop solar as well as batteries to create dispatchable solar power plants. The battery systems are expected to reduce the dependency on fossil fuels in Hawaii, particularly during the peak demand time or when solar production is low. In January 2019, Hawaiian Electric Co. Inc. contracted PPAs for 75 MW of solar projects, including battery storage, with developer Clearway Energy Group (Clearway). Clearway was awarded two grid-scale, solar-plus-storage projects on the island of Oahu. Thus such factors are expected to drive the growth of the utilities segment which in turn will drive the solar energy storage market growth during the forecast period.

Solar Energy Storage Market Regional Analysis

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APAC is estimated to contribute 59% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the key contributors to solar energy storage market growth include countries like South Korea, Japan, and China. For instance, China is planning to build large cities, factories, and supporting elements such as infrastructure, housing, research and development centers, and universities with significant energy storage capacity. There has been an increasing adoption of solar PV systems by the residential and utility sectors in Japan due to the efforts undertaken taken by the government to boost renewable power generation. Thus, such factors are expected to drive the solar energy storage market growth during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of solar energy storage market witnessed a significant slowdown due to the lockdowns and stringent social distancing norms which halted the production operations of manufacturing industries in APAC. As a result, it reduced the demand for solar energy storage systems from the commercial and industrial sectors during the first half of 2020. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of operations in the commercial and industrial sectors. Such factors are expected to drive the market during the forecast period.

Solar Energy Storage Market Dynamic

Key Solar Energy Storage Market Driver

One of the key factors driving the solar energy storage market growth is the rise in global energy demand.Over the past decade, the cost of solar PV modules and associated equipment has declined, making solar energy economically competitive with traditional sources. Factors contributing to cost reduction include economies of scale from increased manufacturing capacities and declining energy storage costs. This integration of solar PV with affordable energy storage technologies enhances reliability and flexibility, driving market growth. The adoption of solar energy has increased globally, leading to a higher demand for efficient energy storage solutions. This trend is expected to continue driving the growth of the global solar energy storage market. China and the US are expected to contribute significantly to this growing energy demand. Global electricity demand has also experienced substantial growth, doubling between 1990 and 2020. In 2021, global electricity demand expanded by 4.5% and is forecasted to grow twice as fast as overall energy demand, with a projected increase of over 25% by 2040. This surge in global electricity demand is primarily driven by emerging economies like China and India.

Major Solar Energy Storage Market Challenge

The challenges associated with solar energy storage is one of the key challenges hindering the solar energy storage market growth. Even though there is a growing popularity for energy storage, there is still a considerable lack of utility-scale energy storage solutions.

Factors such as cost, technological readiness, safety concerns, and quantification of storage value significantly impact the deployment of energy storage. Also, one of the main factors which increase the cost of solar ESSs is the high capital expenditure involved in manufacturing solar batteries. Furthermore, the lack of awareness regarding the benefits and functioning of solar ESSs in countries such as India, resulted in delays in granting permits as local authorities are unfamiliar with ESSs. Hence, such factors are expected to hinder the solar energy storage market growth during the forecast period.

Solar Energy Storage Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Solar Energy Storage Market Customer Landscape

Major Solar Energy Storage Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acciona SA: The company offers solar energy storage solutions based on three complementary and synergistic technologies photovoltaic panels, concentrated solar energy with standard Rankine cycles and energy storage with molten salts and batteries.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Abengoa SA
  • Acciona SA
  • AEG Power Solutions BV
  • Aura Power Developments Ltd.
  • BASF SE
  • BYD Co. Ltd.
  • Canadian Solar Inc.
  • Enact Systems Inc.
  • EnerSys
  • General Electric Co.
  • Helios New Energy Technology Australia Pty. Ltd.
  • Leclanche SA
  • LG Electronics Inc.
  • Primus Power Solutions
  • Samsung Electronics Co. Ltd.
  • SMA Solar Technology AG
  • SolarEdge Technologies Inc.
  • Tesla Inc.
  • TotalEnergies SE
  • ABB Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The solar energy storage market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Utilities
    • Residential
    • Commercial and industrial
  • Installation Sites Outlook (USD Million, 2017 - 2027)
    • On-grid
    • Off-grid
  • Geography Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Solar Energy Storage Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2023-2027

USD 5508.04 million

Market structure

Fragmented

YoY growth 2022-2023(%)

8.52

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 59%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abengoa SA, Acciona SA, AEG Power Solutions BV, Aura Power Developments Ltd., BASF SE, BYD Co. Ltd., Canadian Solar Inc., Enact Systems Inc., EnerSys, General Electric Co., Helios New Energy Technology Australia Pty. Ltd., Leclanche SA, LG Electronics Inc., Primus Power Solutions, Samsung Electronics Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Tesla Inc., TotalEnergies SE, and ABB Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Solar Energy Storage Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Installation Sites
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global solar energy storage market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global solar energy storage market 2017 - 2021 ($ million)
    • 4.2 By End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – By End-user Segment 2017 - 2021 ($ million)
    • 4.3 By Installation site Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – By Installation site Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Utilities - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Utilities - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Utilities - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Utilities - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Utilities - Year-over-year growth 2022-2027 (%)
    • 6.4 Residential - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.5 Commercial and industrial - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Commercial and industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Commercial and industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Commercial and industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Commercial and industrial - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Installation Sites

    • 7.1 Market segments
      • Exhibit 48: Chart on Installation Sites - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Installation Sites - Market share 2022-2027 (%)
    • 7.2 Comparison by Installation Sites
      • Exhibit 50: Chart on Comparison by Installation Sites
      • Exhibit 51: Data Table on Comparison by Installation Sites
    • 7.3 On-grid - Market size and forecast 2022-2027
      • Exhibit 52: Chart on On-grid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on On-grid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on On-grid - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on On-grid - Year-over-year growth 2022-2027 (%)
    • 7.4 Off-grid - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Off-grid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Off-grid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Off-grid - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Off-grid - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Installation Sites
      • Exhibit 60: Market opportunity by Installation Sites ($ million)
      • Exhibit 61: Data Table on Market opportunity by Installation Sites ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key news
              • Exhibit 118: ABB Ltd. - Key offerings
              • Exhibit 119: ABB Ltd. - Segment focus
            • 12.4 Abengoa SA
              • Exhibit 120: Abengoa SA - Overview
              • Exhibit 121: Abengoa SA - Product / Service
              • Exhibit 122: Abengoa SA - Key news
              • Exhibit 123: Abengoa SA - Key offerings
            • 12.5 Acciona SA
              • Exhibit 124: Acciona SA - Overview
              • Exhibit 125: Acciona SA - Business segments
              • Exhibit 126: Acciona SA - Key news
              • Exhibit 127: Acciona SA - Key offerings
              • Exhibit 128: Acciona SA - Segment focus
            • 12.6 AEG Power Solutions BV
              • Exhibit 129: AEG Power Solutions BV - Overview
              • Exhibit 130: AEG Power Solutions BV - Product / Service
              • Exhibit 131: AEG Power Solutions BV - Key offerings
            • 12.7 Aura Power Developments Ltd.
              • Exhibit 132: Aura Power Developments Ltd. - Overview
              • Exhibit 133: Aura Power Developments Ltd. - Product / Service
              • Exhibit 134: Aura Power Developments Ltd. - Key offerings
            • 12.8 BYD Co. Ltd.
              • Exhibit 135: BYD Co. Ltd. - Overview
              • Exhibit 136: BYD Co. Ltd. - Business segments
              • Exhibit 137: BYD Co. Ltd. - Key news
              • Exhibit 138: BYD Co. Ltd. - Key offerings
              • Exhibit 139: BYD Co. Ltd. - Segment focus
            • 12.9 Canadian Solar Inc.
              • Exhibit 140: Canadian Solar Inc. - Overview
              • Exhibit 141: Canadian Solar Inc. - Business segments
              • Exhibit 142: Canadian Solar Inc. - Key news
              • Exhibit 143: Canadian Solar Inc. - Key offerings
              • Exhibit 144: Canadian Solar Inc. - Segment focus
            • 12.10 EnerSys
              • Exhibit 145: EnerSys - Overview
              • Exhibit 146: EnerSys - Business segments
              • Exhibit 147: EnerSys - Key offerings
              • Exhibit 148: EnerSys - Segment focus
            • 12.11 General Electric Co.
              • Exhibit 149: General Electric Co. - Overview
              • Exhibit 150: General Electric Co. - Business segments
              • Exhibit 151: General Electric Co. - Key news
              • Exhibit 152: General Electric Co. - Key offerings
              • Exhibit 153: General Electric Co. - Segment focus
            • 12.12 Helios New Energy Technology Australia Pty. Ltd.
              • Exhibit 154: Helios New Energy Technology Australia Pty. Ltd. - Overview
              • Exhibit 155: Helios New Energy Technology Australia Pty. Ltd. - Product / Service
              • Exhibit 156: Helios New Energy Technology Australia Pty. Ltd. - Key offerings
            • 12.13 LG Electronics Inc.
              • Exhibit 157: LG Electronics Inc. - Overview
              • Exhibit 158: LG Electronics Inc. - Product / Service
              • Exhibit 159: LG Electronics Inc. - Key offerings
            • 12.14 Samsung Electronics Co. Ltd.
              • Exhibit 160: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 161: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 162: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 163: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 164: Samsung Electronics Co. Ltd. - Segment focus
            • 12.15 SMA Solar Technology AG
              • Exhibit 165: SMA Solar Technology AG - Overview
              • Exhibit 166: SMA Solar Technology AG - Business segments
              • Exhibit 167: SMA Solar Technology AG - Key offerings
              • Exhibit 168: SMA Solar Technology AG - Segment focus
            • 12.16 SolarEdge Technologies Inc.
              • Exhibit 169: SolarEdge Technologies Inc. - Overview
              • Exhibit 170: SolarEdge Technologies Inc. - Product / Service
              • Exhibit 171: SolarEdge Technologies Inc. - Key offerings
            • 12.17 Tesla Inc.
              • Exhibit 172: Tesla Inc. - Overview
              • Exhibit 173: Tesla Inc. - Business segments
              • Exhibit 174: Tesla Inc. - Key news
              • Exhibit 175: Tesla Inc. - Key offerings
              • Exhibit 176: Tesla Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              solar energy storage market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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