The market value of batteries used in solar systems worldwide stood at roughly 52 billion U.S. dollars in 2023 and is forecast to reach some 154 billion U.S. dollars in 2031. Solar panels account for the largest share of the global solar energy systems market value.
More information about the global market for solar energy systems can be found here.
Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
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Extrapolate. (March 11, 2024). Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/
Extrapolate. "Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)." Chart. March 11, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/
Extrapolate. (2024). Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/
Extrapolate. "Market Value of Batteries Used in Solar Systems Worldwide from 2021 to 2023, with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/
Extrapolate, Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/ (last visited December 22, 2024)
Market value of batteries used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1457483/global-market-size-solar-batteries/
