+68% CAGR Growth to Be Archived by Residential Solar Energy Storage System Market According to New Research
Houston, TX -- (SBWire) -- 06/09/2018 --Our analysts forecast the Global Residential Solar Energy Storage System Market to grow at a CAGR of +68% over the period 2018-2023.
This market research analysis identifies the rising energy costs as one of the primary growth factors for this market. The rising energy cost has led to the adoption of energy conservation measures to control the increased energy expenditure. Residential systems with solar and energy storage can protect themselves from grid power outages and achieve energy independence. The addition of an energy storage will increase PV penetration since it increases self-consumption and also helps in avoiding the rising energy bills.
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The market study covers the present scenario and growth prospects of the global residential solar energy storage system market for 2017-2021. The report also lists Li-ion battery and lead-acid batteries as the two major technology segments, of which the Li-ion battery market accounted for more than 48% of the market share in 2016. The report also looks into influential external factors likely to affect the development of the Global Residential Solar Energy Storage System Market in the coming years.
Key Players Profiled in this Report:
BYD, Samsung SDI, C&D Technologies, Exide Technologies, GS Yuasa, LG Chem, Panasonic, VARTA Microbattery and others.
United States, North America, China, Europe, Japan, Southeast Asia and India.
Vendors in the Global Residential Solar Energy Storage System Market are increasingly introducing business intelligence solution that allows businesses to work with data collected from a number of diverse sources. As businesses gain more confidence about the reliability of data-driven decisions undertaken by software solutions in real time, self-service business analytics solutions will gain more prominence in the global business intelligence market in the next few years.
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Definitions and specifications are included in the introduction of the report, through its overview. These definitions allow a user to better understand the terminologies used in the rest of the report and consequently gather information at a faster and smoother rate. The overview also provides a list of various end users, which further helps the user understand the global Residential Solar Energy Storage System market's industry chain structure.
With this report, organization can have easy access to the details that will have the most substantial bearing on the overall development of the Global Residential Solar Energy Storage System Market or the sectors that matter the most to organizations. The data in the report is gathered with the intent of providing necessary market information to vendors operating in this market.
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Table of Contents
Global Residential Solar Energy Storage System Market Research Report
Chapter 1 Global Residential Solar Energy Storage System Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Residential Solar Energy Storage System Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Historical and projected information pertaining to cost, capacity, gross margin, imports and exports, company contact information, growth drivers and restraints, market position, production value, products, demand, and others have been included while evaluating the different regional market. A SWOT analysis of the upcoming projects being undertaken in the global Residential Solar Energy Storage System market identifies and evaluates the weaknesses, strengths, threats, and opportunities of the new projects.
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