Global Solar Battery Market Research and Forecast, 2018-2023

INDORE, India - March 14, 2019 - PRLog -- "Rise in deployment of the microgrids to have positive impact on the solar battery market growth"

According to OMR analysis, the global solar battery market is estimated to grow significantly during the forecast period 2018-2023. The global solar battery market is segmented on the basis of type, end-user and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

The factors which are expected to propel the growth of the market include rising demand for solar battery by telecom sector and surging demand for environment friendly battery across the globe. Furthermore, government support and incentive for solar systems installations is also driving the solar battery market across the globe. However, the market is likely to get hampered by factors such as higher cost of installation and power storage challenges. Besides this, the market is likely to have many opportunities because of factors such as significant rise in electric vehicle market and increase in microgrid deployment across the globe. Surging electronic vehicles demand across the globe is likely to boost the market. As per International Energy Agency (IEA), electric vehicles market witnessed record global sales of around 1.1 million electric cars in 2017 which is 54% more as compared to 2016. This has led to a global electric car stock of more than 3 million. These facts and figures reflect the significant demand of electric vehicle across the globe which might spur the solar batteries demand in these vehicles.

Furthermore, increasing demand from the telecommunication sector is one of the major factors for the rise in the solar battery market. Companies, with the growth of telecommunication sector have started installing new base transceiver stations (BTS) for supporting the rapid increase in traffic. Telecom operators need to install base station at remote locations for providing better coverage. For this, the telecom service providers are using hybrid system for powering the base stations. For instance, in February 2016, Bharti Airtel, predicted to power around 40,000 telecom towers using battery- hybrid, lithium-ion and solar-hybrid technologies in order to reduce CO2 emission by 70% in 2018.

The report covers
Comprehensive research methodology of global solar battery market.
This report also includes a detailed and extensive market overview with analyst insights & key market trends.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global solar battery market.
Insights about market determinants which are stimulating the global solar battery market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Full report of global solar battery market is available at https://www.omrglobal.com/industry-reports/solar-battery-...

For related reports please visit https://www.omrglobal.com/reports-category/energy/

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