U.S. Solar Battery Market to Surge at a Robust Pace in Terms of Revenue Over 2030

Technotrends19 Apr, 2023Business

The U.S. solar battery market was valued at $16.9 million in 2020 and is projected to reach $37.7 million by 2030, growing at a CAGR of 8.2% from 2021 to 2030. The solar battery is generally used to store solar power and discharge the power as per requirement. It is made of lithium-ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major applications of solar batteries include solar charging stations, storage for power plants, and storage system for off-grids.