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Global Solar Energy Storage Market: By Storage Material: Water, Molten Salt, PCM, Others; By Technology: Sensible Heat, Latent Heat, Thermochemical, Others; By Application: Power Generation, District Heating & Cooling, Process Heating & Cooling; By End Use: Residential & Commercial, Industrial, Utility; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape & Supplier Analysis; Events and Developments

Global Solar Energy Storage Market Key Insights:

 

  • Market Overview
  • Market Opportunities
  • Regional Market Analysis
  • Historical Market Size 2015-2019
  • Competitive Landscape
  • SWOT Analysis
  • Market Forecast 2020-2025
  • Events and Developments
  • Market Indicators

 

Market Outlook

The global solar energy storage market is estimated to grow in the forecast period of 2020-2025 at a CAGR of 61%. The market is driven by the rising demand for global energy.

Global Solar Energy Storage Report and Forecast 2020-2025

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Properties and Applications

The solar energy storage is referred to as the device which works by discarding excess electricity and then storing it.

The market is segmented based on storage materials, technology, applications, and end-uses.

Based on the storage material, the industry is segmented into:

  • Water
  • Molten Salt
  • PCM
  • Others

Based on technology, the industry is categorised into:

  • Sensible Heat
  • Latent Heat
  • Thermochemical
  • Others

Based on applications, the industry is divided into:

  • Power Generation
  • District Heating and Cooling
  • Process Heating and Cooling

Based on end-uses, the industry is divided into:

  • Residential and Commercial
  • Industrial
  • Utility

The EMR report looks into the regional markets of solar energy storage like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The global solar energy storage market is being driven by the escalated energy demand globally. The industry is further enhanced by the rising investments in renewable energy sources. China and the United States represent the largest energy demand. The industry growth is expected to be enhanced by the predicted demand from the emerging economies. The electrification of transportation and heat sector, the digitalization of modern economies, and an increase in the number of electronically connected devices is expected to accelerate the industry growth of solar energy storage. The industries are adopting electric motor systems, further propelling the industry growth.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global solar energy storage market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BYD Company Ltd. 
  • Primus Power 
  • LG Chem 
  • EnerSys [NYSE: ENS] 
  • Leclanché 
  • Saft 
  • Adara Power
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Report:

  • How has the global solar energy storage industry performed in the previous years (2015-2019)?
  • What is the forecast assessment of the industry for 2020-2025?
  • What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major price indicators of the global industry?
  • What are the major demand indicators of the global industry?
  • Who are the key manufacturers of solar energy storage in the global industry?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the global industry?

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Solar Energy Storage Market Analysis
    6.1    Global Solar Energy Storage Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Global Solar Energy Storage Market Breakup by Storage Material
        6.2.1    Water
        6.2.2    Molten Salt 
        6.2.3    PCM
        6.2.4    Others
    6.3    Global Solar Energy Storage Market Breakup by Storage Material: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Water
        6.3.2    Molten Salt 
        6.3.3    PCM
        6.3.4    Others
    6.4    Global Solar Energy Storage Market Breakup by Technology
        6.4.1    Sensible Heat
        6.4.2    Latent Heat
        6.4.3    Thermochemical
        6.4.4    Others
    6.5    Global Solar Energy Storage Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    Sensible Heat
        6.5.2    Latent Heat
        6.5.3    Thermochemical
        6.5.4    Others 
    6.6    Global Solar Energy Storage Market by Application
        6.6.1    Power Generation
        6.6.2    District Heating & Cooling
        6.6.3    Process Heating & Cooling
    6.7    Global Solar Energy Storage Market by Application: Historical Market (2015-2019) & Forecast (2020-2025)
        6.7.1    Power Generation
        6.7.2    District Heating & Cooling
        6.7.3    Process Heating & Cooling
    6.8    Global Solar Energy Storage Market by End Use
        6.8.1    Residential & Commercial
        6.8.2    Industrial
        6.8.3    Utility
    6.9    Global Solar Energy Storage Market by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
        6.9.1    Residential & Commercial
        6.9.2    Industrial
        6.9.3    Utility
    6.10    Global Solar Energy Storage Market by Region
        6.10.1    North America
            6.10.1.1    United States of America
            6.10.1.2    Canada
        6.10.2    Europe
            6.10.2.1    Germany
            6.10.2.2    United Kingdom
            6.10.2.3    France
            6.10.2.4    Italy
            6.10.2.5    Others
        6.10.3    Asia Pacific
            6.10.3.1    China
            6.10.3.2    Japan
            6.10.3.3    India
            6.10.3.4    ASEAN
            6.10.3.5    Others
        6.10.4    Latin America
            6.10.4.1    Brazil
            6.10.4.2    Argentina
            6.10.4.3    Mexico
            6.10.4.4    Others
        6.10.5    Middle East & Africa
            6.10.5.1    Saudi Arabia
            6.10.5.2    United Arab Emirates
            6.10.5.3    Nigeria
            6.10.5.4    South Africa
            6.10.5.5    Others
    6.11    Global Solar Energy Storage Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.11.1    North America
            6.11.1.1    United States of America
            6.11.1.2    Canada
        6.11.2    Europe
            6.11.2.1    Germany
            6.11.2.2    United Kingdom
            6.11.2.3    France
            6.11.2.4    Italy
            6.11.2.5    Others
        6.11.3    Asia Pacific
            6.11.3.1    China
            6.11.3.2    Japan
            6.11.3.3    India
            6.11.3.4    ASEAN
            6.11.3.5    Others
        6.11.4    Latin America
            6.11.4.1    Brazil
            6.11.4.2    Argentina
            6.11.4.3    Mexico
            6.11.4.4    Others
        6.11.5    Middle East & Africa
            6.11.5.1    Saudi Arabia
            6.11.5.2    United Arab Emirates
            6.11.5.3    Nigeria
            6.11.5.4    South Africa
            6.11.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Value Chain Analysis
10    EMR’s Key indicators for Demand
11    EMR’s Key Indicators for Price
12    Competitive Landscape & Supplier Analysis

    12.1    BYD Company Ltd. [002594 (SHE)]
        12.1.1    Company Overview
        12.1.2    Financial Analysis
    12.2    Primus Power
        12.2.1    Company Overview
        12.2.2    Financial Analysis
    12.3    LG Chem [051910 (KRX)]
        12.3.1    Company Overview
        12.3.2    Financial Analysis
    12.4    EnerSys [ENS (NYSE)]
        12.4.1    Company Overview
        12.4.2    Financial Analysis
    12.5    Leclanché [LECN (SWX)]
        12.5.1    Company Overview
        12.5.2    Financial Analysis
    12.6    Saft
        12.6.1    Company Overview
        12.6.2    Financial Analysis
    12.7    Adara Power
        12.7.1    Company Overview
        12.7.2    Financial Analysis
    12.8    Others
13    Events and Developments

Introduction

EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.

Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each market and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with market insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:

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Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future market growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.

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