Solar Generator Market Analysis

Type (Below 40KWH, 40-80 KWH, 80-150 KWH, Over 150 KWH)

80-150 KWH segment is likely to capture over 40.1% solar generator market share by 2037. This is widely preferred in residential and small commercial applications as this range is well-suited, giving a perfect balance between power output and cost. For instance, a normal residential solar generator system can store 100 kWh of energy and can power an average-sized home with ease, it hence becomes very effortless for every homeowner who intends to cut down his reliance on the grid for electricity supply. The dominance of the 80-150 kWh segment is further cemented by its wide usage basis in regions with medium-level energy requirements, such as single-family homes and small businesses.

By Application (Oil and Gas Industry, Electrical Industry, Residential, Commercial, Government, Academics)

The residential segment in solar generator market is expected to witness significant growth during the forecast period due to a rise in demand for renewable sources of energy, reduction of cost in solar panels, and government incentives for the installation of solar energy by homeowners. Residential solar generators provide power for homes for lighting, heating, and cooling purposes, and also for charging electric vehicles. The commercial and industrial sectors also hold a sizeable share due to the increasing trend of using solar energy in offices, warehouses, and manufacturing sectors. The dominant share held by the residential sector is poised to continue with the rise in demand for the need to employ sustainable and efficient sources of energy in the residential sector.

Battery type (Lead-acid and lithium-ion)

The lithium-ion batteries segment in dominates the solar generator market attributable to their advanced features such as superior energy density, long life cycle, along high discharge rates, hence making it favorable for storing solar energy. It features effective energy storage solutions which makes it viable for utilization across various applications and creating more demand in the market. For instance, in July 2024, the Chinese Academy of Sciences (CAS) researchers discovered that discarded solar panels can be instrumental in creating lithium batteries which can be further used for EVs and grid-scale energy storage.

Our in-depth analysis of the global solar generator market includes the following segments: