Solar Energy Storage Battery Market is segmented By Battery (Lithium-ion Batteries, Lead-acid Batteries, Flow Batteries, Others), By Application (Comm....
Market Size in USD
CAGR4.1%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 4.1% |
Market Concentration | High |
Major Players | Tesla Inc., LG Chem Ltd., BYD Company Ltd., Samsung SDI Co., Ltd., Panasonic Corporation |
The solar energy storage battery market is estimated to be valued at USD 15.45 Bn in 2024 and is expected to reach USD 20.45 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The solar energy storage battery market is expected to witness steady growth over the forecast period owing to rising global deployment of solar panels.