Residential Solar Energy Storage Market 2021: COVID-19 Impact Size, Sales Revenue, Comprehensive Research Study Focus on Opportunities, Demand, Growth, Application and Forecast to 2023

 

Market Highlights

Global Residential Solar Energy Storage Market is projected to be valued at USD 100 Million by 2026, with 14% CAGR during the forecast period, 2020–2026. Residential solar energy storage equipment is used to store solar energy harnessed from solar panels. Energy storage can be defined as a technology that provides a source of power as and when required without backsliding to conventional energy sources. These energy systems are efficient and can be used whenever needed.

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In 2019, Asia-Pacific dominated the global residential solar

energy storage market in terms of share: MRFR

The global residential solar energy storage market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. This is primarily as countries in the region are extensively focused on developing solar energy sources to reduce carbon emissions. In Asia-Pacific, China held the largest share in the market and is expected to grow at the fastest CAGR during the forecast period, due to the availability of low-cost equipment in the country. In North America, the US held the largest market share in 2019 and is expected to grow at the fastest rate during the forecast period, primarily due to the high demand for off-grid electricity. In Europe, Germany held the largest market share in 2019 due to extensive government support to adopt solar energy. While the residential solar energy storage market is expected to grow at the fastest CAGR in Italy during the forecast period due to the increasing demand for electricity in the country. In the Middle East & Africa region, Saudi Arabia held the largest market share in 2019 due to the increasing need for renewable electricity in the country. However, the residential solar energy storage market is expected to grow at the fastest CAGR in UAE, as the country’s government is focused on increasing its share of renewable energy in the nation’s energy mix.

The global residential solar energy storage market has been segmented based on battery type and installation. Based on the battery type, the global market is divided into lead-acid, lithium-ion, sodium-sulfur, and others. The lead-acid segment is expected to hold a larger share of the market during the forecast period due to the increasing installations of residential solar equipment. Based on the installation, the global market is segmented into the rooftop and ground-mounted. The rooftop segment is expected to grow with the highest CAGR during the forecast period as residential end-users are increasingly focusing on the adoption of off-grid electricity.

Global Residential Solar Energy Storage Market is expected to grow at 14% CAGR during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global residential solar energy storage market, tracking three market segments across five geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global residential solar energy storage market by battery type, installation, and region.

·        
Battery Type

·         Lead-Acid

·         Lithium-ion

·         Sodium Sulfur

·         Others

·         Installation

·         Roof Top

·         Ground Mounted

·         By Region

·         North America 

·         Asia-Pacific 

·         Europe

·         Middle East & Africa

·         South America

 

Key Players

The key players operating in the global residential solar energy storage market are ABB, LG Chem, Samsung SDI Co., Ltd, General Electric, Tesla, AEG Power Solutions, NextEra Energy, Inc., Abengoa, BrightSource Energy, Inc., Acciona, Evergreen Solar, Alpha Technologies, SunPower Corporation, and Solarwatt.

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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Zero Trust Security Market Latest Innovations, Revenue, Price and Gross Margin Study with Forecasts to 2022 | COVID-19 Analysis of Zero Trust Security Market

 

Zero Trust Security Market Research Report- Forecast till 2025

Market Highlights

As per the research by Market Research Future Reports (MRFR), the global zero trust security market is anticipated to record a CAGR of 15.4% and value USD 32.15 billion by the end of 2025. The increasing target-based cyber-attacks is the most significant factor driving the global zero trust security market 2020. Moreover, there has been an increasing initiative by governments that are augmenting the global zero-trust security market. Moreover, it integrates various technologies. It assures reliability, simple, and cost-effectiveness, which is estimated to be a significant factor in driving the global market. Besides, there has been development in machine learning, which further makes the security sector stronger. In addition, the established and the upcoming entities are inclining towards the cloud-based technology, which is likely to augment the market. The competitors are adopting innovative methods to retain their position in the market. However, the inefficient budgets allotted by the SMEs can act as a restricting factor in the market expansion.

The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.

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Segmentation:

The worldwide zero trust security market can be segmented on the grounds of solution type, deployment, authentication type, organization size, and region.

Based on solution type, the global zero trust security market can be classified into security policy management, network security, data security, API security, endpoint security, security analytics, security orchestration automation and response (SOAR), and others.

Based on deployment, the worldwide zero trust security market can be classified into on-premise and cloud.

Based on the authentication type, the worldwide zero trust security market can be classified into multi-factor authentication and single-factor authentication.

Based on organization size, the worldwide zero trust security market can be classified into small- and medium-sized enterprises (SME) and large enterprises.

Based on vertical, the worldwide zero trust security market can be classified into IT & telecom, banking, financial services, and insurance, government & defense, healthcare, retail & e-commerce, energy & power, and others.

On the basis of region, the worldwide zero trust security market can be classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis

The regional study of North America, Europe, Asia-Pacific, the Middle East & Africa, and South America has been conducted. The market is estimated to expand significantly during the forecast period. As per the analysis by MRFR, North America is estimated to seize the maximum market share since it is the most technically developed region. Besides, the adoption of digitalization is very fast, which augments the market region. Among all nations, the US makes the most significant contribution to market expansion. On the other hand, the Asia-Pacific region is anticipated to be the fastest-growing market during the assessment period. The most significant reason for market expansion is the increasing adoption of cloud-based technologies, which has resulted in frequent cyber-attacks.

However, the outbreak of pandemic coronavirus has affected several regional markets. The constant lockdown observed in several regions has changed the structure of the existing market.

Key Players

The established competitors of the worldwide zero-trust security market are IBM Corporation (US), Cisco Systems, Inc (US), Akamai Technologies (US), Check Point Software Technologies (Israel), Google (US), Pulse Secure (US),  Symantec Corporation (US), Palo Alto Networks, Inc. (US), OKTa (US), Forcepoint (US), Cloudflare (US),  Centrify (US), Illumio (US), Cyxtera Technologies (US), Sophos Group PLC (UK) and a few others.

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Zero Trust Security Market Research Report: By Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Solution Type (Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation and Response (SOAR), Security Policy Management, Others), Deployment (On-Premises and Cloud), Organization Size (SME and Large Enterprise), Vertical (Banking, Financial Services and Insurance, IT & Telecom, Government & Defense, Energy & Utilities, Healthcare, Retail & E-commerce, and others), Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) - Forecast till 2025

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Email: sales@marketresearchfuture.com

Zero Trust Security Market Application, Solutions, Developments Status, Innovative Technologies, Segmentation, Trends and Business Opportunities 2018-2025 | COVID-19 Analysis

 

Zero Trust Security Market Research Report- Forecast till 2025

Market Highlights

According to Market Research Future, the global zero trust security market has been segmented based on solution, organization size, authentication type, deployment, vertical, and region/country.

Zero trust access security gives access only to the network and cloud resources to authorized users. The access provided is limited to the accomplishment of the tasks. It strictly enforces data security and threat prevention policies. The zero-trust security solutions work with the assumption that the cyber attackers are present both inside and outside of the network, and thus, the users or machines should not be automatically trusted.

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Segmentation:

By authentication type, the global zero-trust security market has been divided into single-factor authentication and multi-factor authentication. The multi-factor authentication segment is expected to have a larger market share during the forecast period as multi-factor authentication (MFA) is one of the core features of zero-trust security. In this process, a user is authenticated with more than one way; such as only entering a password is not enough to gain access. In addition to entering a password, the users are required to enter a code that has been sent to another device, such as an SMS on mobile phone or email verification. Thus, users are verified in two ways.

By solution type, the global zero trust security market has been divided into data security, network security, API security, security analytics, endpoint security, security orchestration automation and response (SOAR), security policy management and others. The network security segment is expected to have the largest market size during the forecast period, as it is the most important and core feature of the zero-trust security model.

Based on organization size, the global zero trust security market has been categorized as large enterprise and small- and medium-sized enterprises (SMEs). The large enterprise segment is expected to account for the larger market share during the review period. These enterprises adopt the solutions to protect their network, end-points, data centers, devices, users, and applications from unauthorized usage and malicious ransomware attacks.

Based on deployment, the global zero-trust security market has been divided into on-premise and cloud. The cloud segment is expected to grow with a faster CAGR during the review period as these offer the benefits of cloud technology such as speed, scalability, and enhanced IT security which attract SMEs as well as large enterprises.

On the basis of vertical, the global zero trust security market has been divided banking, financial services, and insurance, IT & telecom, government & defense, energy & power, healthcare, retail & e-commerce, and others. The BFSI vertical is expected to register the highest CAGR during the forecast period due to advanced features such as ‘least-privilege access’ provided by zero trust security and also these firms are investing in cyber solutions to keep their network secure.

By region, the global zero trust security market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis

By region, the global zero trust security market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to be the largest market due to the presence of a large number of zero-trust security vendors in the region and the need of large enterprises as well as SMEs for a solution that offers an effective authentication process.

Key Players

The Key Players in the Global Zero Trust Security Market are Cyxtera Technologies (US), Illumio (US), Symantec Corporation (US), OKTa (US), Cloudflare (US), Check Point Software Technologies (Israel), Pulse Secure (US), Palo Alto Networks, Inc. (US), Cisco Systems, Inc (US), IBM Corporation (US), Akamai Technologies (US), Google (US), Forcepoint (US), Centrify (US) and Sophos Group PLC (UK).

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 Zero Trust Security Market Research Report: By Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Solution Type (Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation and Response (SOAR), Security Policy Management, Others), Deployment (On-Premises and Cloud), Organization Size (SME and Large Enterprise), Vertical (Banking, Financial Services and Insurance, IT & Telecom, Government & Defense, Energy & Utilities, Healthcare, Retail & E-commerce, and others), Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) - Forecast till 2025

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                    

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com