$113.4 Million Solar Battery Global Market to 2027 - Opportunity Analysis and Industry Forecasts Dublin, June 16, 2021 (GLOBE NEWSWIRE) -- The "Solar Battery Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com''s offering. The global solar battery market was valued at $113.4 million in 2019, and is projected to reach $360.4 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027. Solar battery is used for storage of excess solar power. Generally, solar battery is installed with inverter. It is rechargeable and can be generally used in solar panel systems. For industrial applications, solar battery can be used with other renewable power sources such as hydropower and wind power. In future, solar battery will be used with other renewable power sources as a part of renewable electricity mix to provide sustainable energy solutions. Some of the major applications of solar battery include solar charging stations, storage for power plants, and storage system for off-grids. Rise in demand for eco-friendly and cost-effective energy solutions for industrial and commercial energy storage is expected to drive the market growth.