28 Dec '16, 1am

Technavio expects global solar batteries market growth of over 16% through 2020…

According to a market research study released by Technavio (London, UK), the global solar batteries market is expected to grow at a CAGR of more than 16% during the forecast period 2016–2020. As of 2015, lithium-ion batteries occupied 37% of the total market. These batteries have high energy density leading to increased charge and discharge capabilities as well. Because of these attractive features, they are increasingly being adopted into electronic devices like laptops, smartphones, notebooks, and tablets. However, the application base of these batteries is broadening and is expected to dominate solar photovoltaic (PV) power systems in the coming years. The Americas will dominate the solar batteries market “The solar batteries market in the Americas is predicted to grow steadily during the forecast period, registering a CAGR of over 14%,” says Thanikachalam Chandrasekara...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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