At a CAGR of 8.2%, the U.S. Solar Battery Market Expected to Reach $37.7 million by 2030

Research Report on U.S. Solar Battery Market to Discover Industrial Insights

PORTLAND, OREGON, UNITED STATES, October 25, 2023 /EINPresswire.com/ -- Some of the states in the U.S. are boosting their solar energy capacity which might increase the demand for solar batteries. California plans to boost its solar power capacity in 2021 to meet the target of 50% renewable generation by 2025. In addition, the California Independent System Operator (CAISO) is also aiming to add 2.5 GW of battery storage capacity. The U.S. solar battery market was valued at $16.9 million in 2020 and is projected to reach $37.7 million by 2030, growing at a CAGR of 8.2% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/13473

Solar battery is generally used to store solar power and discharge the power as per requirement. It is made of lithium-ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major applications of solar batteries include solar charging stations, storage for power plants, and storage systems for off-grid.

The U.S. solar battery market is segmented on the basis of type, end-user, and region. On the basis of type, the market is categorized into lithium-ion, lead acid, flow battery, and others. Various end users of solar batteries studied in the U.S. solar battery market include residential, industrial, and commercial. The U.S. solar battery market share is analyzed for each and every segment.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/13473

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The U.S. Solar Battery industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐔.𝐒. 𝐒𝐨𝐥𝐚𝐫 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Goal Zero LLC
Fortress Power
Concorde Battery
SunPower Corporation
Power Sonic Corporation
Simpliphi Power, Inc.
Tesla, Inc.
Aims Power
ADARA POWER
U.S. Battery Manufacturing Co.
Panasonic Corporation
SolarEdge Technologies Inc.
ENERSYS

Other players in the U.S. solar battery market are Enphase Energy and others.

Based on the type, the lithium-ion segment garnered a 79.3% share in 2020, in terms of volume, and is expected to grow a CAGR of 7.7% from 2021 to 2030. This is attributed to the high charge and discharge efficiencies of lithium-ion batteries, which help in harvesting large amounts of energy. For instance, the average efficiency of lithium-ion battery is 90-95%, whereas for lead acid it is around 80-85%.

Furthermore, the industrial segment is the leading end user of solar batteries. This is attributed to strong demand from various industrial end users for additional energy storage solutions.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/13473

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

- The report outlines the current U.S. solar battery market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The U.S. solar battery market size is provided in terms of volume and revenue.
- On the basis of type, the flow battery segment is expected to grow at a CAGR of 5.9%, in terms of revenue, during the forecast period.
- On the basis of end users, the commercial segment gained a 32.1% share in 2020 in terms of revenue.
- On the basis of type, the lead acid battery segment garnered a share of 3.5% in 2020 in terms of revenue.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐍𝐚𝐧𝐨 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/nano-battery-market-to-reach-28-1-bn-globally-by-2030-at-18-6-cagr-allied-market-research-301385461.html

𝟐. 𝐆𝐫𝐢𝐝 𝐒𝐜𝐚𝐥𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/grid-scale-battery-market-to-reach-31-0-billion-globally-by-2032-at-18-2-cagr-allied-market-research-301934998.html

𝟑. 𝐋𝐢𝐭𝐡𝐢𝐮𝐦-𝐈𝐨𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐅𝐨𝐫 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/09/21/2747592/0/en/Lithium-Ion-Battery-For-Consumer-Electronics-Market-to-Reach-18-8-Billion-Globally-by-2032-at-14-5-CAGR-Allied-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn