Albany, NY -- (SBWIRE) -- 07/14/2017 -- A Solar photovoltaic system, also known as PV system or solar power system, is a system designed to provide usable solar power by means of photovoltaics (PV). The solar PV systems can be broadly classified in residential, commercial and industrial (C&I), and utility segments. The residential solar PV systems are generally mounted on rooftops to save land space. They are small-scale electricity generation systems, not exceeding 20 kilowatts (kW) capacity. Residential solar power plants can be grid-connected or can be installed as decentralized microgrids. The cost of installing a solar PV system is relatively high in the residential segment due to the economies of scale.
The global residential solar energy storage market to grow at a CAGR of 67.82% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global residential solar energy storage market for 2017-2021. To calculate the market size, the report considers the cumulative installations and excludes aftermarket/ services market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Residential Solar Energy Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- East Penn Manufacturing
- LG Chem
- Panasonic
- redT energy storage
- SAMSUNG SDI
- Saft
- sonnen
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Other prominent vendors
- A123 Systems
- ACME
- Adara Power
- BYD
- Daimler
- Enphase Energy
- e-On Batteries
- E3/DC
- Exide Technologies
- Fronius International
- GESS
- GS Yuasa International
- HOPPECKE Batterien
- IBC SOLAR
- KOSTAL Solar Electric
- KYOCERA
- Nedap
- neovoltaic
- Primus Power
- Redflow
- Sharp Electronics
- Sinetech
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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