Solar Energy Storage Market size to rise at 35% CAGR to 2025

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Asia Pacific Solar Energy Storage Market share has witnessed a commendable expansion till 2025 owing to increasing use of renewable sources of energy

Solar Energy Storage Market in 2018 valued over USD 170 million and is predicted to grow over 35% CAGR by 2025. Strict regulatory norms in line with rising environmental concerns to reduce emissions through the installation of effective energy conservation measures will boost the industry growth. Moreover, ongoing technological advancements & upgrades to provide a cost-competitive business outlook will augment the industry dynamics.

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The global solar energy storage market size is expanding at an unprecedented pace owing to the increased adoption of renewable energy sources by various sectors of the economy to replace the traditional forms of energy usage. Additionally, numerous initiatives of businesses and government agencies to explore sustainable and efficient power sources and their storage has contributed to the enhancement of solar energy storage market share.

Off-grid conventional energy solutions, including mini-grids & stand-alone systems, to provide access to energy have appeared as a prominent, cost-competitive solution. Solar energy storage market is driven by growing inclination toward research and development have decreased technology costs which favor the innovation in financing catering & delivery models including local entrepreneurs, private sector & the communities. Henceforth, positive consumer tendencies along with positive industry and regulatory outlook to incorporate a sustainable energy scenario will complement business outlook.

The Li-ion batteries require low maintenance and do not require scheduled recycling. Their self-discharge technique is less as compared to other batteries making them well suited for modern fuel gauge applications. Several automotive companies are preferring Li-ion batteries, for instance, Toyota has deployed solar rooftops at its facilities and aims to explore synergies with lithium ion batteries. These module-based batteries will be provided with stationary storage for solar energy which may reduce the cost of energy storage. The need to store solar energy for further use by way of charging the electric vehicles will propel solar energy storage market outlook over the forecast years.

Browse key industry insights spread across 276 pages with 328 market data tables & 41 figures & charts from the report, “Solar Energy Storage Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/solar-energy-storage-market

Asia Pacific solar energy storage market is anticipated to exceed 40% by 2025. Stringent government norms coupled with public and private investments in renewable energy solutions across the region inculcating partial decarbonization activities will positively influence the business outlook. Growing investor inclination toward new renewable projects after post-COP21 agreement has witnessed a rapid expansion of the conventional bond industry. The existing regulatory policies and fiscal incentives across the region favor these prospects.

Several investments from major companies like Samsung, LG Chem, BMW, Maxwell Technologies, Primus Power and others have eased the availability of efficient storage solutions and created future opportunities in the sector. According to a report by Global Market Insights Inc., solar energy storage market is estimated to exceed an annual installation of 3 GW by 2025.

Table Of Content For This Research Report:

Chapter 5 Global Solar Energy Storage Market, By Capacity
5.1 Global solar energy storage market share by capacity, 2018 & 2025
5.2 Up to 50 kW
5.2.1 Global solar energy storage market from up to 50 kW, 2014 – 2025
5.2.2 Global solar energy storage market from up to 50 kW, by region, 2014 - 2025
5.3 51 to 250 kW
5.3.1 Global solar energy storage market from 51 to 250 kW, 2014 – 2025
5.3.2 Global market from 51 to 250 kW, by region, 2014 - 2025
5.4 251 to 500 kW
5.4.1 Global market from 251 to 500 kW, 2014 – 2025
5.4.2 Global market from 251 to 500 kW, by region, 2014 - 2025
5.5 501 to 1000 kW
5.5.1 Global market from 501 to 1000 kW, 2014 – 2025
5.5.2 Global market from 501 to 1000 kW, by region, 2014 - 2025
5.6 1001 to 2500 kW
5.6.1 Global market from 1001 to 2500 kW, 2014 – 2025
5.6.2 Global market from 1001 to 2500 kW, by region, 2014 - 2025
5.7 2501 to 5000 kW
5.7.1 Global market from 2501 to 5000 kW, 2014 – 2025
5.7.2 Global market from 2501 to 5000 kW, by region, 2014 - 2025
5.8 5001 to 10000 kW
5.8.1 Global market from 5001 to 10000 kW, 2014 – 2025
5.8.2 Global market from 5001 to 10000 kW, by region, 2014 - 2025
5.9 > 10000 kW
5.9.1 Global market from > 10000 kW, 2014 – 2025
5.9.2 Global market from > 10000 kW, by region, 2014 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solar-energy-storage-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
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