Global Residential Solar Energy Storage Market 2017-2021 - Product Image

Global Residential Solar Energy Storage Market 2017-2021

  • ID: 4332739
  • Report
  • Region: Global
  • 78 pages
  • TechNavio
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FEATURED COMPANIES

  • A123 Systems
  • Adara Power
  • Daimler
  • East Penn Manufacturing
  • e-On Batteries
  • Fronius International
  • MORE
About Residential Solar Energy Storage

A Solar photovoltaic system, also known as PV system or solar power system, is a system designed to provide usable solar power by means of photovoltaics (PV). The solar PV systems can be broadly classified in residential, commercial and industrial (C&I), and utility segments. The residential solar PV systems are generally mounted on rooftops to save land space. They are small-scale electricity generation systems, not exceeding 20 kilowatts (kW) capacity. Residential solar power plants can be grid-connected or can be installed as decentralized microgrids. The cost of installing a solar PV system is relatively high in the residential segment due to the economies of scale.

The analysts forecast the global residential solar energy storage market to grow at a CAGR of 67.82% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global residential solar energy storage market for 2017-2021. To calculate the market size, the report considers the cumulative installations and excludes aftermarket/ services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Residential Solar Energy Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • East Penn Manufacturing
  • LG Chem
  • Panasonic
  • redT energy storage
  • SAMSUNG SDI
  • Saft
  • sonnen
Other prominent vendors
  • A123 Systems
  • ACME
  • Adara Power
  • BYD
  • Daimler
  • Enphase Energy
  • e-On Batteries
  • E3/DC
  • Exide Technologies
  • Fronius International
  • GESS
  • GS Yuasa International
  • HOPPECKE Batterien
  • IBC SOLAR
  • KOSTAL Solar Electric
  • KYOCERA
  • Nedap
  • neovoltaic
  • Primus Power
  • Redflow
  • Sharp Electronics
  • Sinetech
  • SENEC
  • SMA Solar Technology
  • Sony Energy Devices
  • Tesla
  • Trojan Battery Company
  • VARTA
  • ViZn Energy Systems
  • ZEN Energy
Market drivers
  • Reduction in PV and energy storage systems costs
  • For a full, detailed list, view the full report
Market challenges
  • Availability of alternative technologies
  • For a full, detailed list, view the full report
Market trends
  • Residential energy storage as virtual power plants
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the Key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A123 Systems
  • Adara Power
  • Daimler
  • East Penn Manufacturing
  • e-On Batteries
  • Fronius International
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Solar PV market overview
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by technology
  • Global residential solar energy storage market by technology
  • Global residential solar Li-ion battery market
  • Global residential solar lead-acid battery market
PART 07: Geographical segmentation
  • Global residential solar energy storage market by geography
  • Residential solar energy storage market in EMEA
  • Residential solar energy storage market in APAC
  • Residential solar energy storage market in the Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Residential energy storage as virtual power plants
  • Market attracting new vendors
  • Increasing green construction spending and zero energy homes
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • East Penn Manufacturing
  • LG Chem
  • Panasonic
  • redT energy storage
  • SAMSUNG SDI
  • Saft
  • sonnen
  • List of abbreviations
List of Exhibits
Exhibit 01: Solar power plant overview
Exhibit 02: Global solar PV market 2016-2021 (GW)
Exhibit 03: Market overview
Exhibit 04: Global residential energy storage market 2016-2021 ($ millions)
Exhibit 05: Solar PV penetration level
Exhibit 06: Services provided by energy storage
Exhibit 07: Five forces analysis
Exhibit 08: Global residential solar energy storage market by technology 2016 and 2021 (%)
Exhibit 09: Global residential solar energy storage market by technology 2016-2021 ($ millions)
Exhibit 10: Global residential solar Li-ion battery market 2016-2021 ($ millions)
Exhibit 11: Global residential solar lead-acid battery market 2016-2021 ($ millions)
Exhibit 12: AGM and gel lead-acid battery in comparison to flooded lead-acid battery
Exhibit 13: Global residential solar energy storage market by geography 2016 and 2021 (%)
Exhibit 14: Global residential solar energy storage market by geography 2016-2021 ($ millions)
Exhibit 15: Residential solar energy storage market in EMEA 2016-2021 ($ millions)
Exhibit 16: Residential solar energy storage market in APAC 2016-2021 ($ millions)
Exhibit 17: Residential solar energy storage market in the Americas 2016-2021 ($ millions)
Exhibit 18: Indexed cost of solar PV system 2008-2015
Exhibit 19: Savings from feed-in without energy storage and with energy storage
Exhibit 20: Average electricity price in EU and US 2012-2015 ($/kWh)
Exhibit 21: Challenges faced while using Li-ion batteries
Exhibit 22: Recycling effects of lead-acid batteries
Exhibit 23: Electricity generation efficiency 2015 (%)
Exhibit 24: Power generation pattern by 1 kW solar module in a day
Exhibit 25: Major virtual power plants across the world
Exhibit 26: Green construction spending in residential US 2010-2016 ($ millions)
Exhibit 27: Other prominent vendors (indicative list)
Exhibit 28: East Penn Manufacturing: Key products
Exhibit 29: LG Chem: Key products
Exhibit 30: Panasonic: Key products
Exhibit 31: redT energy storage: Key products
Exhibit 32: Samsung SDI: Key products
Exhibit 33: Saft: Key products
Exhibit 34: sonnen: Key products
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FEATURED COMPANIES

  • A123 Systems
  • Adara Power
  • Daimler
  • East Penn Manufacturing
  • e-On Batteries
  • Fronius International
  • MORE
New Report Released: – Global Residential Solar Energy Storage Market 2017-2021

The author of the report recognizes the following companies as the key players in the global residential solar energy storage market: East Penn Manufacturing, LG Chem, Panasonic, redT energy storage, SAMSUNG SDI, Saft, and sonnen.

Other Prominent Vendors in the market are: A123 Systems, ACME, Adara Power, BYD, Daimler, Enphase Energy, e-On Batteries, E3/DC, Exide Technologies, Fronius International, GESS, GS Yuasa International, HOPPECKE Batterien, IBC SOLAR, KOSTAL Solar Electric, KYOCERA, Nedap, neovoltaic, Primus Power, Redflow, Sharp Electronics, Sinetech, SENEC, SMA Solar Technology, Sony Energy Devices, Tesla, Trojan Battery Company, VARTA, ViZn Energy Systems, and ZEN Energy.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is residential energy storage as virtual power plants. With solar power prices spiraling down, there has been a steady increase in PV adoption, which has led to a continuous increase in the number of installations in the residential and commercial sectors. However, the highly intermittent nature of standalone solar power system is a major concern. Power output from solar PV is dependent on factors such as efficiency of the panel, solar irradiation of the region, and the degree of shading that varies as per the time of day and the amount of cloud covering the region.”

According to the report, one of the major drivers for this market is Reduction in PV and energy storage systems costs. Worldwide, the growing focus of countries in terms of shifting to renewable power generation has led to millions of PV systems to be deployed across the world, to meet the power needs. In countries where feed-in tariffs exist, excess power is sent to the grid in exchange for a small compensation. Energy storage systems are complementing the solar PV systems by storing the excess power for later use, thereby increasing renewable power penetration as well as increasing the use of cheaper and cleaner power.

Further, the report states that one of the major factors hindering the growth of this market is Availability of alternative technologies. One of the biggest challenges energy storage systems face is its competition with well-established power sources, such as diesel generators and upcoming technologies including fuel cells that are cleaner and have higher efficiency.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • East Penn Manufacturing
  • LG Chem
  • Panasonic
  • redT energy storage
  • SAMSUNG SDI
  • Saft
  • sonnen
  • A123 Systems
  • ACME
  • Adara Power
  • BYD
  • Daimler
  • Enphase Energy
  • e-On Batteries
  • E3/DC
  • Exide Technologies
  • Fronius International
Note: Product cover images may vary from those shown
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