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Solar Energy Storage Market by End-Users and Geography - Global Forecast and Analysis 2019-2023 - Product Image

Solar Energy Storage Market by End-Users and Geography - Global Forecast and Analysis 2019-2023

  • ID: 4792912
  • Report
  • June 2019
  • Region: Global
  • 126 pages
  • TechNavio
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FEATURED COMPANIES

  • BYD Co. Ltd.
  • Fluence Energy LLC
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • MORE
Global Solar Energy Storage Market: About this market

Solar energy storage is a technology in which the energy storage device is charged by a connected solar system and reserves energy for later consumption. This solar energy storage market analysis considers sales from end-users including commercial and industrial, utilities, and residential. Our analysis also considers the sales of solar energy storage in the Americas, APAC, and EMEA. In 2018, the commercial and industrial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing use of solar power by commercial real estate developers will play a significant role in the commercial and industrial segment to maintain its market position. Also, our global solar energy storage market report looks at factors such as reduction in cost of solar PV systems, rise in global energy demand, and growth in government support. However, stringent regulations against lead pollution, competition from alternative energy sources, and challenges associated with solar energy storage may hamper the growth of the solar energy storage industry over the forecast period.

Global Solar Energy Storage market: Overview

Rise in global energy demand

With the growth in economic activities in countries such as India and China and rising population, the initiatives from governments to encourage the use of solar energy in industries is also increasing. These industries are engaging with solar and storage stakeholders and experiencing a decline in the costs of solar PV systems. This will boost the adoption of solar energy in the commercial and industrial sector and lead to the expansion of the global solar energy storage market at a CAGR of over 63% during the forecast period.

Increasing investments in renewable energy sources

With the growing need to decarbonize the environment and achieve sustainability, governments are taking initiatives to reduce the cost of wind power systems and solar PV systems. This is resulting in an increased adoption of renewable energy sources across the world. Consequently, the demand for solar energy storage systems will increase and have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global solar energy storage market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar energy storage manufacturers, that include BYD Co. Ltd., Fluence Energy LLC, LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.

Also, the solar energy storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BYD Co. Ltd.
  • Fluence Energy LLC
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Commercial and industrial - Market size and forecast 2018-2023
  • Utilities - Market size and forecast 2018-2023
  • Residential - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Rising adoption of clean energy technologies
  • Increasing investment in renewable energy sources
  • Growing popularity of microgrids and zero energy buildings
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BYD Co. Ltd.
  • Fluence Energy LLC  
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
PART 14: EXPLORE

List of Exhibits:
Exhibit 01: Global energy storage market
Exhibit 02: Segments of global energy storage market
Exhibit 03: Market characteristics
Exhibit 04: Market characteristics analysis
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 (GW)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: End-user - Market share 2018-2023 (%)
Exhibit 19: Comparison by end-user
Exhibit 20: Commercial and industrial - Market size and forecast 2018-2023 (GW)
Exhibit 21: Commercial and industrial - Year-over-year growth 2019-2023 (%)
Exhibit 22: Utilities - Market size and forecast 2018-2023 (GW)
Exhibit 23: Utilities - Year-over-year growth 2019-2023 (%)
Exhibit 24: Residential - Market size and forecast 2018-2023 (GW)
Exhibit 25: Residential - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by end-user
Exhibit 27: Customer landscape
Exhibit 28: Customer landscape analysis
Exhibit 29: Market share by geography 2018-2023 (%)
Exhibit 30: Geographic comparison
Exhibit 31: APAC - Market size and forecast 2018-2023 (GW)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Americas - Market size and forecast 2018-2023 (GW)
Exhibit 34: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 35: EMEA - Market size and forecast 2018-2023 (GW)
Exhibit 36: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendor landscape analysis
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: BYD Co. Ltd. - Vendor overview
Exhibit 47: BYD Co. Ltd. - Business segments
Exhibit 48: BYD Co. Ltd. - Organizational developments
Exhibit 49: BYD Co. Ltd. - Geographic focus
Exhibit 50: BYD Co. Ltd. - Segment focus
Exhibit 51: BYD Co. Ltd. - Key offerings
Exhibit 52: Fluence Energy LLC  - Vendor overview
Exhibit 53: Fluence Energy LLC  - Organizational developments
Exhibit 54: Fluence Energy LLC  - Key offerings
Exhibit 55: LG Chem Ltd. - Vendor overview
Exhibit 56: LG Chem Ltd. - Business segments
Exhibit 57: LG Chem Ltd. - Organizational developments
Exhibit 58: LG Chem Ltd. - Geographic focus
Exhibit 59: LG Chem Ltd. - Segment focus
Exhibit 60: LG Chem Ltd. - Key offerings
Exhibit 61: Panasonic Corp. - Vendor overview
Exhibit 62: Panasonic Corp. - Business segments
Exhibit 63: Panasonic Corp. - Organizational developments
Exhibit 64: Panasonic Corp. - Geographic focus
Exhibit 65: Panasonic Corp. - Segment focus
Exhibit 66: Panasonic Corp. - Key offerings
Exhibit 67: Samsung SDI Co. Ltd. - Vendor overview
Exhibit 68: Samsung SDI Co. Ltd. - Business segments
Exhibit 69: Samsung SDI Co. Ltd. - Organizational developments
Exhibit 70: Samsung SDI Co. Ltd. - Geographic focus
Exhibit 71: Samsung SDI Co. Ltd. - Segment focus
Exhibit 72: Samsung SDI Co. Ltd. - Key offerings
Exhibit 73: Validation techniques employed for market sizing
Exhibit 74: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BYD Co. Ltd.
  • Fluence Energy LLC
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • MORE
The following companies are recognised as the key players in the global solar energy storage market: BYD Co. Ltd., Fluence Energy LLC, LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing investments in renewable energy sources”.

According to the report, one of the major drivers for this market is the rise in global energy demand.

Further, the report states that one of the major factors hindering the growth of this market is the challenges associated with solar energy storage.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BYD Co. Ltd.
  • Fluence Energy LLC
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
Note: Product cover images may vary from those shown
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