+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Residential Energy Storage Market by Power Rating (3-6 kW, 6-10 kW, 10-20 kW), Connectivity (On-Grid, Off-Grid), Technology (Lead-Acid, Lithium-Ion), Ownership (Customer, Utility, Third-Party), Operation (Standalone, Solar), and Region - Forecast to 2028

  • PDF Icon

    Report

  • 258 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 4769511
Description Jump to:

Declining Costs of Lithium-Ion Batteries to Drive Residential Energy Storage Market Growth Over the Coming Years

At a CAGR of 18.3% over the forecast period, the global residential energy storage market is anticipated to increase from an estimated USD 898 million in 2023 to USD 2.08 billion by 2028. Expanding demand for energy production from renewable sources, along with expanding investments in the renewables industry, are the main market drivers.

6-10 kW, by power rating, is expected to be the largest and the fastest-growing market from 2023 to 2028

The residential energy storage market is categorized by application into three segments: 3-6 kW, 6-10 kW, and 10-20 kW. Among these segments, the 6-10 kW segment is projected to hold the largest market share and exhibit a high CAGR during the forecast period. This dominance can be attributed to the reduced reliance on grid supply enabled by energy storage systems, which serve as backup power sources in the event of grid outages. By offering backup capabilities, the 6-10 kW segment provides homeowners with increased energy security and resilience.

The lithium-ion segment, by technology, is expected to be the fastest-growing market from 2023 to 2028

Lithium-ion and lead-acid batteries make up the two technology segments of the residential energy storage market. The market for lithium-ion batteries is expected to grow most rapidly. The strong growth rate can be due to the rising number of lithium-ion battery manufacturing facilities and high expenditure in their R&D.

Customer-owned, by ownership type, is expected to be the largest and the fastest-growing market from 2023 to 2028

The residential energy storage market is categorized based on ownership type, including customer-owned, utility-owned, and third-party-owned systems. Among these segments, the customer-owned segment is projected to experience the highest growth rate during the forecast period, closely followed by the utility-owned segment. This dominance can be attributed to the advantages customers gain, such as lower energy bills and increased energy independence, through the implementation of residential energy storage solutions. By owning their energy storage systems, residential customers can optimize their energy usage, store excess energy, and rely less on external energy sources, leading to greater cost savings and enhanced self-sufficiency.

Breakdown of Primaries

To gather and authenticate essential qualitative and quantitative information and evaluate future market prospects, comprehensive in-depth interviews have been conducted. These interviews involved key industry participants, subject-matter experts, C-level executives from prominent market players, industry consultants, and other relevant experts. The primary interviews were strategically distributed among these stakeholders to ensure a comprehensive and well-rounded understanding of the market dynamics, trends, and potential opportunities.

Breakup of Primaries

  • By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
  • By Designation: C-Level - 30%, Director Level - 25%, and Others - 45%
  • By Region: Europe - 35%, North America - 26%, Asia-Pacific - 25%, Middle East & Africa - 8% and South America - 6 %

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2018. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

A few key players with extensive regional coverage dominate the residential energy storage market. These leading market players include Tesla (US), VARTA AG (Germany), Enphase Energy (US), BYD Company Ltd (China), Sonnen GmbH (Germany), LG Energy Solution (South Korea), and other notable companies.

Research Coverage

The report encompasses a comprehensive analysis of the residential energy storage market, covering various aspects such as power rating, connectivity type, operation type, ownership type, technology, and regional forecasts. It provides a detailed qualitative and quantitative assessment of the market, offering a thorough understanding of its dynamics. The report examines the key market drivers, restraints, opportunities, and challenges, offering valuable insights for stakeholders. Additionally, it delves into crucial aspects of the market, including a competitive landscape analysis, market dynamics, estimation of market value, and future trends in the residential energy storage sector.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the relay market and provides them information on key market drivers, restraints, challenges, and opportunities.

Analysis of key drivers (growing investments in R&D of lithium-ion batteries for renewable energy source, the growing adoption of renewable energy sources, such as solar power, is driving the demand for residential energy storage systems), restraints (high upfront cost of residential energy storage systems and limited subsidies, tax credits, or rebate programs can make the systems less financially attractive for homeowners), opportunities (advanced software and control systems can optimize energy usage, intelligently manage charging and discharging, and enable participation in demand response programs), and challenges (limited energy density and capacity which will impact the duration and power output during extended outages or high-demand periods) influencing the growth of the residential energy storage market.

Product Development/ Innovation: Residential energy storage systems utilize rechargeable batteries to store energy from solar arrays or electric grids, enabling them to efficiently perform tasks like peak shaving and load shifting. Thanks to advanced technology-based batteries, these systems overcome the limitations of traditional methods and offer greater flexibility and efficiency in managing energy usage. Residential energy storage market lithium-ion (Li-ion) batteries have a lifespan ranging from 5 to 15 years and an efficiency range of 85% to 98%. Rapid technological advancements and significant cost reductions have made these batteries appear to be very promising. The production and development of electric vehicles (EVs), particularly those spearheaded by Tesla, is expected to have a significant impact on Li-ion battery prices. It is anticipated that this cost decrease will spread to other Li-ion battery uses, such as laptops, portable electronics, and power-generating electronics.

Market Development: The residential energy storage sector aim to increase the availability of energy storage systems in new geographic regions. Key players are actively expanding their market presence, both domestically and internationally, to access untapped customer bases and leverage regional incentives and policies. Sonnen, a company specializing in intelligent energy storage solutions for residential applications, offers products like the SonnenBatterie. These solutions are designed to seamlessly integrate with renewable energy sources and provide grid services, demonstrating their commitment to enhancing renewable energy adoption and grid integration.

Market Diversification: The residential energy storage market involves diversifying the range of products, services, and target customer segments to cater to a wider spectrum of consumer needs and preferences. Tesla holds a significant position in this market, offering the Powerwall product line, which includes various models with different capacities to meet diverse customer requirements. Enphase Energy, on the other hand, is recognized for its expertise in microinverter technology and provides residential energy storage solutions through the Enphase Encharge product line. Additionally, Enphase Energy offers comprehensive monitoring and maintenance services for their systems.

Competitive Assessment: An in-depth assessment reveals the market shares, growth strategies, and service offerings of key players in the residential energy storage market. Prominent companies such as Tesla (US), Sonnen GmbH (Germany), Enphase Energy (US), BYD Company Ltd. (China), and LG Energy Solution (South Korea) among others demonstrate notable positions in the residential energy storage market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Residential Energy Storage Market Segmentation
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Residential Energy Storage Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primaries: by Company, Designation, and Region
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Residential Energy Storage Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Residential Energy Storage Market: Top-Down Approach
2.3.3 Demand-Side Metrics
Figure 6 Residential Energy Storage Market: Demand-Side Analysis
Figure 7 Metrics Considered for Analyzing and Assessing Demand for Residential Energy Storage Systems
2.3.3.1 Assumptions for Demand-Side Analysis
2.3.3.2 Calculations
2.3.4 Supply-Side Analysis
Figure 8 Key Metrics Considered for Assessing Supply of Residential Energy Storage
Figure 9 Residential Energy Storage Market: Supply-Side Analysis
2.3.4.1 Assumptions and Calculations
Figure 10 Company Revenue Analysis, 2022
2.3.5 Forecast

3 Executive Summary
Table 1 Residential Energy Storage Market Snapshot
Figure 11 6 to <10 kW Segment to Account for Largest Share of Residential Energy Storage Market, by Power Rating, Throughout Forecast Period
Figure 12 Lithium-Ion Battery-Powered Residential Energy Storage Systems to Dominate Market Throughout Forecast Period
Figure 13 Customer-Owned Segment to Lead Residential Energy Storage Market, by Ownership Type, During Forecast Period
Figure 14 Solar and Storage Systems Segment to Account for Larger Market Share
Figure 15 On-Grid Residential Energy Storage Systems to Capture Larger Market Share
Figure 16 Europe Dominated Residential Energy Storage Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in Residential Energy Storage Market
Figure 17 Declining Costs of Lithium-Ion Batteries to Drive Residential Energy Storage Market Growth in Coming Years
4.2 Residential Energy Storage Market, by Region
Figure 18 North America to Witness Highest Growth in Residential Energy Storage Market During Forecast Period
4.3 Residential Energy Storage Market, by Power Rating
Figure 19 6 to <10 kW Segment Dominated Residential Energy Storage Market in 2022
4.4 Residential Energy Storage Market, by Ownership Type
Figure 20 Customer-Owned Residential Energy Storage Systems Held Largest Market Share in 2022
4.5 Residential Energy Storage Market, by Connectivity Type
Figure 21 On-Grid Segment Accounted for Larger Market Share in 2022
4.6 Residential Energy Storage Market, by Technology
Figure 22 Lithium-Ion Technology Accounted for Larger Market Share in 2022
4.7 Residential Energy Storage Market, by Operation Type
Figure 23 Solar and Storage Systems Held Larger Market Share in 2022

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Residential Energy Storage Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Government Initiatives Pertaining to Energy Storage Projects
5.2.1.2 Significant Demand for Electric Vehicles
Figure 25 Global Electric Vehicle Sales and Market Share, 2020-2022
5.2.1.3 Increased Investments in R&D of Lithium-Ion Batteries
Figure 26 Declining Cost of Lithium-Ion Batteries (2013-2021)
5.2.2 Restraints
5.2.2.1 Lack of Battery Disposal and Recycling Standards
5.2.2.2 High Initial Investment
Table 2 Cost of Residential Energy Storage Systems Offered by Key Players
5.2.3 Opportunities
5.2.3.1 Rising Demand for Grid Energy Storage Systems
5.2.3.2 Increasing Installation of Solar PV Modules
Figure 27 Solar PV Installation, by Geography, 2019-2021
5.2.4 Challenges
5.2.4.1 Safety Concerns for Lithium-Ion Batteries
5.2.4.2 Aging of Lithium-Ion Batteries
5.3 Trends/Disruptions Impacting Customers’ Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Residential Energy Storage System Providers
Figure 28 New Revenue Pockets for Providers of Residential Energy Storage Systems
5.4 Supply Chain Analysis
Figure 29 Residential Energy Storage Market: Supply Chain Analysis
5.4.1 Raw Material Suppliers
5.4.2 Battery Manufacturers
5.4.3 Software Suppliers
5.4.4 Energy Storage System Suppliers
5.5 Ecosystem Analysis
Table 3 Residential Energy Storage Market: Ecosystem
5.6 Trade Analysis
Table 4 Import Scenario for HS Code 850650, by Country, 2020-2022 (USD)
Figure 30 Import Data for Top Five Countries, 2018-2022 (USD Thousand)
Table 5 Export Scenario for HS Code 850650, by Country, 2020-2022 (USD)
Figure 31 Export Data for Top Five Countries, 2018-2022 (USD Thousand)
5.7 Market Map
Figure 32 Residential Energy Storage: Market Map
5.8 Technology Analysis
5.8.1 Lithium-Ion
5.8.2 Lead-Acid
5.8.3 Technological Advancements
5.9 Key Conferences and Events, 2022-2023
Table 6 Residential Energy Storage Market: List of Conferences and Events
5.10 Patent Analysis
5.10.1 List of Major Patents
Table 7 Residential Energy Storage Systems: Innovations and Patent Registrations, June 2020-June 2023
5.11 Pricing Analysis
5.11.1 Average Selling Price of Energy Storage Systems Offered by Key Players, by Power Rating
5.11.2 Average Selling Price Trend
Figure 33 Cost of Residential Energy Storage Systems, 2019-2021
5.12 Tariff and Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Standards and Regulations
Table 12 Residential Energy Storage Market: Standards and Regulations
5.13 Case Study Analysis
5.13.1 CMEEC Aims to Energize Customers and Ensure Community Prosperity by Providing Lower-Cost Energy Solutions
5.13.1.1 Problem Statement
5.13.1.2 Solution
5.13.2 BYD Company Ltd. Launched New Battery Box System Compatible with All PV Solar Inverters
5.13.2.1 Problem Statement
5.13.2.2 Solution
5.13.3 E3/DC Fulfilled Demand of Homeowner Who Wanted to Achieve 80% of Energy Self-Sufficiency with Solar Power
5.13.3.1 Problem Statement
5.13.3.2 Solution
5.14 Porter's Five Forces Analysis
Figure 34 Residential Energy Storage Market: Porter's Five Forces Analysis
Table 13 Residential Energy Storage Market: Porter's Five Forces Analysis
5.14.1 Threat of New Entrants
5.14.2 Bargaining Power of Buyers
5.14.3 Bargaining Power of Suppliers
5.14.4 Threat of Substitutes
5.14.5 Intensity of Competitive Rivalry
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
Figure 35 Influence of Stakeholders on Buying Process, by Technology
Table 14 Influence of Stakeholders on Buying Process of Top 2 Technologies (%)
5.15.2 Buying Criteria
Figure 36 Key Buying Criteria for Top Technology-based Residential Energy Storage Systems
Table 15 Key Buying Criteria, by Technology

6 Residential Energy Storage Market, by Technology
6.1 Introduction
Figure 37 Residential Energy Storage Market, by Technology, 2022
Table 16 Residential Energy Storage Market, by Technology, 2018-2022 (USD Million)
Table 17 Residential Energy Storage Market, by Technology, 2023-2028 (USD Million)
6.2 Lithium-Ion
6.2.1 Higher Energy Density to Drive Growth
Table 18 Lithium-Ion: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 19 Lithium-Ion: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
6.3 Lead-Acid
6.3.1 Long Lifespan of Lead-Acid Batteries to Drive Growth
Table 20 Lead-Acid: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 21 Lead-Acid: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)

7 Residential Energy Storage Market, by Power Rating
7.1 Introduction
Figure 38 6 to <10 kW Segment Accounted for Largest Share of Residential Energy Storage Market in 2022
Table 22 Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 23 Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
7.2 3 to <6 kW
7.2.1 Growing Demand for Systems with Lowest Power Input to Stimulate Market Growth
Table 24 3 to <6 kW: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 25 3 to <6 kW: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
7.3 6 to <10 kW
7.3.1 Long-Duration Power Outages to Promote Use of Systems with 6 to <10 kW Power Rating
Table 26 6 to <10 kW: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 27 6 to <10 kW: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
7.4 10 to 20 kW
7.4.1 Need for High-Power Appliances Boosting Demand for Systems with High Power Rating
Table 28 10 to 20 kW: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 29 10 to 20 kW: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)

8 Residential Energy Storage Market, by Ownership Type
8.1 Introduction
Figure 39 Customer-Owned Segment Dominated Residential Energy Storage Market in 2022
Table 30 Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 31 Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
8.2 Customer-Owned
8.2.1 Ability to Resolve Issues of Overvoltage and Imbalance of Energy Supply and Demand to Drive Growth
Table 32 Customer-Owned: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 33 Customer-Owned: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
8.3 Utility-Owned
8.3.1 Global Renewable Energy Generation Initiatives to Boost Installation of Utility-Owned ESS
Table 34 Utility-Owned: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 35 Utility-Owned: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
8.4 Third-Party-Owned
8.4.1 High Upfront Cost and Low Per Capita Income to Boost Demand for Third-Party-Owned ESS
Table 36 Third-Party-Owned: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 37 Third-Party-Owned: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)

9 Residential Energy Storage Market, by Operation Type
9.1 Introduction
Figure 40 Residential Energy Storage Market, by Operation Type, 2022
Table 38 Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 39 Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
9.2 Standalone Systems
9.2.1 Lower Upfront Costs of Standalone Systems to Drive Market Growth
Table 40 Standalone Systems: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 41 Standalone Systems: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
9.3 Solar and Storage Systems
9.3.1 High Requirement for Energy Self-Sufficiency to Boost Demand for Solar and Storage Systems
Table 42 Solar and Storage Systems: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 43 Solar and Storage Systems: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)

10 Residential Energy Storage Market, by Connectivity Type
10.1 Introduction
Figure 41 Residential Energy Storage Market, by Connectivity Type, 2022
Table 44 Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Million)
Table 45 Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Million)
10.2 On-Grid
10.2.1 Rising Use of On-Grid Battery Storage Systems to Reduce Energy Bills
Table 46 On-Grid: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 47 On-Grid: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
10.3 Off-Grid
10.3.1 Focus on Environmental Conservation to Promote Use of Off-Grid Systems
Table 48 Off-Grid: Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 49 Off-Grid: Residential Energy Storage Market, by Region, 2023-2028 (USD Million)

11 Residential Energy Storage Market, by Region
11.1 Introduction
Figure 42 Europe Dominated Residential Energy Storage Market in 2022
11.1.1 Recession Impact: Introduction
Table 50 Residential Energy Storage Market, by Region, 2018-2022 (Mw)
Table 51 Residential Energy Storage Market, by Region, 2023-2028 (Mw)
Table 52 Residential Energy Storage Market, by Region, 2018-2022 (USD Million)
Table 53 Residential Energy Storage Market, by Region, 2023-2028 (USD Million)
11.2 North America
Figure 43 North America: Snapshot of Residential Energy Storage Market, 2022
11.2.1 Recession Impact: North America
Table 54 North America: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 55 North America: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 56 North America: Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 57 North America: Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
Table 58 North America: Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 59 North America: Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
Table 60 North America: Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 61 North America: Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
Table 62 North America: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 63 North America: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
Table 64 North America: Residential Energy Storage Market, by Country, 2018-2022 (Mw)
Table 65 North America: Residential Energy Storage Market, by Country, 2023-2028 (Mw)
Table 66 North America: Residential Energy Storage Market, by Country, 2018-2022 (USD Thousand)
Table 67 North America: Residential Energy Storage Market, by Country, 2023-2028 (USD Thousand)
11.2.2 US
11.2.2.1 High Sales of Solar and Storage Systems to Boost Market Growth
Table 68 US: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 69 US: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 70 US: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 71 US: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.2.3 Canada
11.2.3.1 Supportive Policies Promoting Installation of ESS to Drive Market Growth
Table 72 Canada: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 73 Canada: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 74 Canada: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 75 Canada: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.2.4 Mexico
11.2.4.1 Strong Focus on Improving Power Quality and Reducing Electricity Costs to Drive Market Growth
Table 76 Mexico: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 77 Mexico: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 78 Mexico: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 79 Mexico: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3 Asia-Pacific
Figure 44 Asia-Pacific: Snapshot of Residential Energy Storage Market, 2022
11.3.1 Recession Impact: Asia-Pacific
Table 80 Asia-Pacific: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 81 Asia-Pacific: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 82 Asia-Pacific: Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 83 Asia-Pacific: Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
Table 84 Asia-Pacific: Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 85 Asia-Pacific: Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
Table 86 Asia-Pacific: Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 87 Asia-Pacific: Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
Table 88 Asia-Pacific: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 89 Asia-Pacific: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
Table 90 Asia-Pacific: Residential Energy Storage Market, by Country, 2018-2022 (Mw)
Table 91 Asia-Pacific: Residential Energy Storage Market, by Country, 2023-2028 (Mw)
Table 92 Asia-Pacific: Residential Energy Storage Market, by Country, 2018-2022 (USD Million)
Table 93 Asia-Pacific: Residential Energy Storage Market, by Country, 2023-2028 (USD Million)
11.3.2 China
11.3.2.1 Rising Need for Grid Stability to Boost Market
Table 94 China: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 95 China: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 96 China: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 97 China: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3.3 India
11.3.3.1 Utilization of Distributed Renewables Energy Technology to Spur Demand for ESS
Table 98 India: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 99 India: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 100 India: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 101 India: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3.4 Japan
11.3.4.1 R&D Efforts by Battery Providers to Support Market Growth
Table 102 Japan: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 103 Japan: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 104 Japan: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 105 Japan: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3.5 South Korea
11.3.5.1 Need to Improve Power Quality and Reliability to Drive Market
Table 106 South Korea: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 107 South Korea: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 108 South Korea: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 109 South Korea: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3.6 Australia
11.3.6.1 Launch of Incentives to Install Battery-Powered Energy Storage Systems to Drive Market Growth
Table 110 Australia: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 111 Australia: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 112 Australia: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 113 Australia: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.3.7 Rest of Asia-Pacific
Table 114 Rest of Asia-Pacific: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 115 Rest of Asia-Pacific: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 116 Rest of Asia-Pacific: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 117 Rest of Asia-Pacific: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4 Europe
Figure 45 Europe: Snapshot of Residential Energy Storage Market, 2022
11.4.1 Recession Impact: Europe
Table 118 Europe: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 119 Europe: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 120 Europe: Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 121 Europe: Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
Table 122 Europe: Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 123 Europe: Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
Table 124 Europe: Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 125 Europe: Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
Table 126 Europe: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 127 Europe: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
Table 128 Europe: Residential Energy Storage Market, by Country, 2018-2022 (kW)
Table 129 Europe: Residential Energy Storage Market, by Country, 2023-2028 (kW)
Table 130 Europe: Residential Energy Storage Market, by Country, 2018-2022 (USD Thousand)
Table 131 Europe: Residential Energy Storage Market, by Country, 2023-2028 (USD Thousand)
11.4.2 Germany
11.4.2.1 Adoption of Rooftop Solar Energy Systems to Accelerate Market Growth
Table 132 Germany: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 133 Germany: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 134 Germany: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 135 Germany: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.3 Italy
11.4.3.1 Superbonus 110% Scheme to Accelerate Market Growth
Table 136 Italy: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 137 Italy: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 138 Italy: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 139 Italy: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.4 UK
11.4.4.1 Strong Focus on Achieving Grid Independence to Drive Demand for Residential Energy Systems
Table 140 UK: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 141 UK: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 142 UK: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 143 UK: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.5 Austria
11.4.5.1 High Difference Between Retail Electricity Prices and Subsidized Feed-In Tariff to Foster Market Growth
Table 144 Austria: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 145 Austria: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 146 Austria: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 147 Austria: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.6 France
11.4.6.1 Significant Efforts to Reduce Greenhouse Gas Emissions to Propel Market Growth
Table 148 France: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 149 France: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 150 France: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 151 France: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.7 Netherlands
11.4.7.1 Withdrawing from Net-Metering Schemes to Support Installation of ESS
Table 152 Netherlands: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 153 Netherlands: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 154 Netherlands: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 155 Netherlands: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.8 Switzerland
11.4.8.1 Government Incentives and Supportive Policy Framework to Drive Market Growth
Table 156 Switzerland: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 157 Switzerland: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 158 Switzerland: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 159 Switzerland: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.9 Spain
11.4.9.1 Favorable National Incentive Package to Install PV Modules to Fuel Market Growth
Table 160 Spain: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 161 Spain: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 162 Spain: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 163 Spain: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.10 Belgium
11.4.10.1 Investment in Virtual Power Plants to Boost Market Growth
Table 164 Belgium: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 165 Belgium: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 166 Belgium: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 167 Belgium: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.11 Poland
11.4.11.1 Government Subsidies to Install Solar Panels to Support Market Growth
Table 168 Poland: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 169 Poland: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 170 Poland: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 171 Poland: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.12 Czech Republic
11.4.12.1 Favorable Regulations for Installation of Smart Home Energy Management Systems to Stimulate Market Growth
Table 172 Czech Republic: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 173 Czech Republic: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 174 Czech Republic: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 175 Czech Republic: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.13 Bulgaria
11.4.13.1 High Investment in Renewable Energy Projects to Propel Market Growth
Table 176 Bulgaria: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 177 Bulgaria: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 178 Bulgaria: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 179 Bulgaria: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.14 Hungary
11.4.14.1 Increased Installed Capacity of Solar Power Plants to Drive Market
Table 180 Hungary: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 181 Hungary: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 182 Hungary: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 183 Hungary: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.4.15 Romania
11.4.15.1 Advancements in Battery Technology to Spur Demand for Battery-Powered ESS
Table 184 Romania: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 185 Romania: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 186 Romania: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 187 Romania: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.5 Middle East & Africa
Figure 46 Middle East & Africa: Snapshot of Residential Energy Storage Market, 2022
11.5.1 Recession Impact: Middle East & Africa
Table 188 Middle East & Africa: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 189 Middle East & Africa: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 190 Middle East & Africa: Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 191 Middle East & Africa: Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
Table 192 Middle East & Africa: Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 193 Middle East & Africa: Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
Table 194 Middle East & Africa: Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 195 Middle East & Africa: Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
Table 196 Middle East & Africa: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 197 Middle East & Africa: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
Table 198 Middle East & Africa: Residential Energy Storage Market, by Country, 2018-2022 (Mw)
Table 199 Middle East & Africa: Residential Energy Storage Market, by Country, 2023-2028 (Mw)
Table 200 Middle East & Africa: Residential Energy Storage Market, by Country, 2018-2022 (USD Thousand)
Table 201 Middle East & Africa: Residential Energy Storage Market, by Country, 2023-2028 (USD Thousand)
11.5.2 Saudi Arabia
11.5.2.1 Increasing Energy Prices and Rising Need for Renewable Power Generation to Boost Market Growth
Table 202 Saudi Arabia: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 203 Saudi Arabia: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 204 Saudi Arabia: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 205 Saudi Arabia: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.5.3 UAE
11.5.3.1 Grid Stability and Flexibility Through ESS to Accelerate Market Growth
Table 206 UAE: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 207 UAE: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 208 UAE: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 209 UAE: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.5.4 South Africa
11.5.4.1 Grid Connectivity and Proposed Solar and Storage Projects to Fuel Market
Table 210 South Africa: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 211 South Africa: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 212 South Africa: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 213 South Africa: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.5.5 Rest of Middle East & Africa
Table 214 Rest of Middle East & Africa: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 215 Rest of Middle East & Africa: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 216 Rest of Middle East & Africa: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 217 Rest of Middle East & Africa: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.6 South America
Figure 47 South America: Snapshot of Residential Energy Storage Market, 2022
11.6.1 Recession Impact: South America
Table 218 South America: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 219 South America: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 220 South America: Residential Energy Storage Market, by Power Rating, 2018-2022 (USD Million)
Table 221 South America: Residential Energy Storage Market, by Power Rating, 2023-2028 (USD Million)
Table 222 South America: Residential Energy Storage Market, by Ownership Type, 2018-2022 (USD Million)
Table 223 South America: Residential Energy Storage Market, by Ownership Type, 2023-2028 (USD Million)
Table 224 South America: Residential Energy Storage Market, by Operation Type, 2018-2022 (USD Million)
Table 225 South America: Residential Energy Storage Market, by Operation Type, 2023-2028 (USD Million)
Table 226 South America: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 227 South America: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
Table 228 South America: Residential Energy Storage Market, by Country, 2018-2022 (Mw)
Table 229 South America: Residential Energy Storage Market, by Country, 2023-2028 (Mw)
Table 230 South America: Residential Energy Storage Market, by Country, 2018-2022 (USD Million)
Table 231 South America: Residential Energy Storage Market, by Country, 2023-2028 (USD Million)
11.6.2 Brazil
11.6.2.1 Need to Handle Power Outages to Create Demand for ESS
Table 232 Brazil: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 233 Brazil: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 234 Brazil: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 235 Brazil: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.6.3 Chile
11.6.3.1 Need for Energy Backup to Spur Demand for ESS
Table 236 Chile: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 237 Chile: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 238 Chile: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 239 Chile: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)
11.6.4 Rest of South America
Table 240 Rest of South America: Residential Energy Storage Market, by Technology, 2018-2022 (USD Thousand)
Table 241 Rest of South America: Residential Energy Storage Market, by Technology, 2023-2028 (USD Thousand)
Table 242 Rest of South America: Residential Energy Storage Market, by Connectivity Type, 2018-2022 (USD Thousand)
Table 243 Rest of South America: Residential Energy Storage Market, by Connectivity Type, 2023-2028 (USD Thousand)

12 Competitive Landscape
12.1 Overview
Table 244 Key Developments in Residential Energy Storage Market, 2019 to 2023
12.2 Market Evaluation Framework
Table 245 Market Evaluation Framework, 2019-2023
12.3 Share Analysis of Key Players, 2022
Table 246 Residential Energy Storage Market: Degree of Competition
Figure 48 Market Share Analysis of Top Players in Residential Energy Storage Market, 2022
12.4 Segmental Revenue Analysis of Top Market Players
Figure 49 Segmental Revenue Analysis, 2018-2022
12.5 Recent Developments
12.5.1 Deals
Table 247 Residential Energy Storage Market: Deals, 2019-2023
12.5.2 Other Developments
Table 248 Residential Energy Storage Market: Other Developments, 2019-2023
12.5.3 Product Launches/Developments
Table 249 Residential Energy Storage Market: Product Launches/Developments, 2019-2023
12.6 Company Evaluation Matrix
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Companies
12.6.4 Participants
Figure 50 Residential Energy Storage Market: Company Evaluation Matrix, 2022
Table 250 Power Rating Footprint of Companies
Table 251 Technology Footprint of Companies
Table 252 Ownership Type Footprint of Companies
Table 253 Connectivity Type Footprint of Companies
Table 254 Operation Type Footprint of Companies
Table 255 Regional Footprint of Companies
12.7 Startup/SME Evaluation Matrix
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 51 Residential Energy Storage Market: Startup/SME Evaluation Matrix, 2022
12.8 Competitive Benchmarking
Table 256 Residential Energy Storage Market: List of Key Startups/SMEs
Table 257 Ownership Type Footprint of Companies (Startups)
Table 258 Technology Footprint of Companies (Startups)
Table 259 Power Rating Footprint of Companies (Startups)
Table 260 Operation Type Footprint of Companies (Startups)
Table 261 Connectivity Type Footprint of Companies (Startups)
Table 262 Regional Footprint of Companies (Startups)

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats)*
13.1 Key Players
13.1.1 Tesla
Table 263 Tesla: Business Overview
Figure 52 Tesla: Company Snapshot
Table 264 Tesla: Product Launches/Product Developments
Table 265 Tesla: Deals
Table 266 Tesla: Other Developments
13.1.2 Panasonic Holdings Corporation
Table 267 Panasonic Holdings Corporation: Business Overview
Figure 53 Panasonic Holdings Corporation: Company Snapshot
Table 268 Panasonic Holdings Corporation: Deals
13.1.3 BYD Company Ltd.
Table 269 BYD Company Ltd.: Business Overview
Figure 54 BYD Company Ltd.: Company Snapshot
Table 270 BYD Company Ltd.: Product Launches/Product Developments
Table 271 BYD Company Ltd.: Deals
13.1.4 Enphase Energy
Table 272 Enphase Energy: Business Overview
Figure 55 Enphase Energy: Company Snapshot
Table 273 Enphase Energy: Deals
Table 274 Enphase Energy: Other Developments
13.1.5 Sonnen GmbH
Table 275 Sonnen GmbH: Business Overview
Table 276 Sonnen GmbH: Product Launches/Product Development
Table 277 Sonnen GmbH: Deals
Table 278 Sonnen GmbH: Other Developments
13.1.6 Varta AG
Table 279 Varta AG: Business Overview
Figure 56 Varta AG: Company Snapshot
13.1.7 Delta Electronics, Inc.
Table 280 Delta Electronics, Inc.: Business Overview
Figure 57 Delta Electronics, Inc.: Company Snapshot
13.1.8 Huawei Technologies Co. Ltd.
Table 281 Huawei Technologies Co. Ltd.: Business Overview
Figure 58 Huawei Technologies Co. Ltd.: Company Snapshot
Table 282 Huawei Technologies Co. Ltd.: Product Launches/Product Developments
Table 283 Huawei Technologies Co. Ltd.: Deals
13.1.9 Eaton
Table 284 Eaton: Business Overview
Figure 59 Eaton: Company Snapshot
Table 285 Eaton: Deals
Table 286 Eaton: Product Developments/Product Launches
13.1.10 SMA Solar Technology AG
Table 287 SMA Solar Technology AG: Business Overview
Figure 60 SMA Solar Technology AG: Company Snapshot
Table 288 SMA Solar Technology AG: Product Launches/Product Developments
Table 289 SMA Solar Technology AG: Other Developments
13.1.11 LG Energy Solution
Table 290 LG Energy Solution: Business Overview
Figure 61 LG Energy Solution: Company Snapshot
13.1.12 GoodWe
Table 291 GoodWe: Business Overview
13.1.13 E3/DC
Table 292 E3/DC: Business Overview
13.1.14 Alpha ESS Co. Ltd.
Table 293 Alpha ESS Co. Ltd.: Business Overview
Table 294 Alpha ESS Co. Ltd.: Deals
13.1.15 RCT-Power
Table 295 RCT-Power: Business Overview
13.1.16 Solarwatt
Table 296 Solarwatt: Business Overview
Table 297 Solarwatt: Deals
Table 298 Solarwatt: Other Developments
13.1.17 Senec
Table 299 Senec: Business Overview
Table 300 Senec: Product Launches/Product Developments
13.1.18 Shanghai Pytes Energy Co. Ltd.
Table 301 Shanghai Pytes Energy Co. Ltd.: Business Overview
13.2 Other Players
13.2.1 Pylon Technologies Co. Ltd.
13.2.2 Victron Energy
13.2.3 Dyness
13.2.4 Tesvolt AG
13.2.5 Turbo Energy - Solar Innovation
13.2.6 BST Power (Shenzhen) Limited
13.2.7 WECO Srl
13.2.8 Powervault
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 KnowledgeStore: The Subscription Portal
14.4 Customization Options

Executive Summary

Companies Mentioned

  • Alpha ESS Co. Ltd.
  • BST Power (Shenzhen) Limited
  • BYD Company Ltd.
  • CMEEC
  • Delta Electronics, Inc.
  • Dyness
  • E3/DC
  • Eaton
  • Enphase Energy
  • GoodWe
  • Huawei Technologies Co. Ltd.
  • LG Energy Solution
  • Panasonic Holdings Corporation
  • Powervault
  • Pylon Technologies Co. Ltd.
  • RCT-Power
  • Senec
  • Shanghai Pytes Energy Co. Ltd.
  • SMA Solar Technology AG
  • Solarwatt
  • Sonnen GmbH
  • Tesla
  • Tesvolt AG
  • Turbo Energy - Solar Innovation
  • Varta AG
  • Victron Energy
  • WECO Srl

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages258
PublishedJuly 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 0.89 Billion
Forecasted Market Value ( USD ) by 2028 $ 2.08 Billion
Compound Annual Growth Rate18.3%
Regions CoveredGlobal
No. of Companies Mentioned27

Related Topics

Related Reports

Global Residential Energy Storage Market by Power Rating (10-29 kW, 3-6 kW, 6-10 kW), Technology (Lead-Acid, Lithium-Ion), Connectivity Type, Operation Type, Ownership Type - Forecast 2024-2030 - Product Image

Global Residential Energy Storage Market by Power Rating (10-29 kW, 3-6 kW, 6-10 kW), Technology (Lead-Acid, Lithium-Ion), Connectivity Type, Operation Type, Ownership Type - Forecast 2024-2030

  • Report
  • 183 Pages
  • Global
From
Residential Energy Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F - Product Image

Residential Energy Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

  • Report
  • 185 Pages
  • Global
From
Global Residential Energy Storage Market Size, Share & Industry Trends Analysis Report By Connectivity, By Power Rating (6-10 kW, 3-6 kW, and 10-20 kW), By Technology, By Operation, By Ownership Type, By Regional Outlook and Forecast, 2023 - 2030 - Product Image

Global Residential Energy Storage Market Size, Share & Industry Trends Analysis Report By Connectivity, By Power Rating (6-10 kW, 3-6 kW, and 10-20 kW), By Technology, By Operation, By Ownership Type, By Regional Outlook and Forecast, 2023 - 2030

  • Report
  • 310 Pages
  • Global
From
Residential Energy Storage Market - Forecasts from 2023 to 2028 - Product Image

Residential Energy Storage Market - Forecasts from 2023 to 2028

  • Report
  • 140 Pages
  • Global
From
Residential Energy Storage - Global Strategic Business Report - Product Image

Residential Energy Storage - Global Strategic Business Report

  • Report
  • 371 Pages
  • Global
From

About the Residential Energy Storage Market

The Residential Energy Storage market is a segment of the larger Energy Storage market, which encompasses the use of energy storage technologies to store energy for later use. Residential Energy Storage systems are typically used to store energy generated from renewable sources such as solar and wind, allowing homeowners to store energy for later use. This can help reduce energy costs and increase energy independence. Residential Energy Storage systems can also be used to provide backup power in the event of a power outage. Some companies in the Residential Energy Storage market include Tesla, LG Chem, Sonnen, BYD, and Panasonic. Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.