Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Residential Energy Storage Market by Type (Li-ion Battery Energy Storage, Lead Acid Battery Energy Storage, Others), By Application (On-grid, Off-grid) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Residential Energy Storage Market by Type (Li-ion Battery Energy Storage, Lead Acid Battery Energy Storage, Others), By Application (On-grid, Off-grid) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153488 3300 Energy & Power 377 237 Pages 5 (46)
                                          

The global residential energy storage market is expected to grow at a CAGR of around 16.5% during the forecast period, from 2021 to 2030. The residential energy storage market is driven by the increasing demand for renewable energy sources and the need for grid stability. The residential energy storage market is segmented on the basis of type, application, and region. The lion battery segment accounted for a major share in 2017 owing to its high efficiency and low cost per kWh stored. In terms of application, off-grid applications are expected to dominate the global residential energy storage market during the forecast period due to their high growth potential in emerging economies such as India and China. -The residential energy storage market is expected to grow at a CAGR of over 50% from 2017 to 2022. -The residential energy storage market is expected to grow at a CAGR of over 50% from 2017 to 2022.-The growth in the residential energy storage market can be attributed to the increasing demand for renewable sources of power, such as solar and wind, which are not always available due to weather conditions. -Residential Energy Storage systems provide backup power during outages or when there is an insufficient supply of electricity from renewable sources. This helps reduce dependence on fossil fuels and reduces greenhouse gas emissions by reducing reliance on coal or natural gas plants that produce electricity when renewables are unavailable.

Industry Growth Insights published a new data on “Residential Energy Storage Market”. The research report is titled “Residential Energy Storage Market research by Types (Li-ion Battery Energy Storage, Lead Acid Battery Energy Storage, Others), By Applications (On-grid, Off-grid), By Players/Companies Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Residential Energy Storage Market Research Report

By Type

Li-ion Battery Energy Storage, Lead Acid Battery Energy Storage, Others

By Application

On-grid, Off-grid

By Companies

Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

237

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Residential Energy Storage Industry Outlook


Global Residential Energy Storage Market Report Segments:

The global Residential Energy Storage market is segmented on the basis of:

Types

Li-ion Battery Energy Storage, Lead Acid Battery Energy Storage, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

On-grid, Off-grid

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Samsung SDI
  2. LG Chem
  3. Hitachi
  4. Kokam
  5. Fluence Energy
  6. LSIS
  7. SMA Solar Technology
  8. NGK
  9. General Electric
  10. Primus
  11. Panasonic
  12. BYD
  13. Younicos
  14. ABB
  15. Saft Batteries
  16. Lockheed Martin Energy
  17. Eos Energy Storage
  18. Con Edison Solutions

Global Residential Energy Storage Market Overview


Highlights of The Residential Energy Storage Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Li-ion Battery Energy Storage
    2. Lead Acid Battery Energy Storage
    3. Others
  1. By Application:

    1. On-grid
    2. Off-grid
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Residential Energy Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Residential Energy Storage Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Residential energy storage (RES) is a technology that allows homeowners and businesses to store solar or wind energy generated during the daytime for use at night or during periods of high demand. This can reduce reliance on fossil fuels, lower electricity bills, and create local jobs.

Some of the major companies in the residential energy storage market are Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions.

The residential energy storage market is expected to grow at a compound annual growth rate of 16.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Residential Energy Storage Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Residential Energy Storage Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Residential Energy Storage Market - Supply Chain
   4.5. Global Residential Energy Storage Market Forecast
      4.5.1. Residential Energy Storage Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Residential Energy Storage Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Residential Energy Storage Market Absolute $ Opportunity

5. Global Residential Energy Storage Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Residential Energy Storage Market Size and Volume Forecast by Type
      5.3.1. Li-ion Battery Energy Storage
      5.3.2. Lead Acid Battery Energy Storage
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Residential Energy Storage Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Residential Energy Storage Market Size and Volume Forecast by Application
      6.3.1. On-grid
      6.3.2. Off-grid
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Residential Energy Storage Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Residential Energy Storage Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Residential Energy Storage Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Residential Energy Storage Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Residential Energy Storage Demand Share Forecast, 2019-2026

9. North America Residential Energy Storage Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Residential Energy Storage Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Residential Energy Storage Market Size and Volume Forecast by Application
      9.4.1. On-grid
      9.4.2. Off-grid
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Residential Energy Storage Market Size and Volume Forecast by Type
      9.7.1. Li-ion Battery Energy Storage
      9.7.2. Lead Acid Battery Energy Storage
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Residential Energy Storage Demand Share Forecast, 2019-2026

10. Latin America Residential Energy Storage Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Residential Energy Storage Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Residential Energy Storage Market Size and Volume Forecast by Application
      10.4.1. On-grid
      10.4.2. Off-grid
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Residential Energy Storage Market Size and Volume Forecast by Type
      10.7.1. Li-ion Battery Energy Storage
      10.7.2. Lead Acid Battery Energy Storage
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Residential Energy Storage Demand Share Forecast, 2019-2026

11. Europe Residential Energy Storage Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Residential Energy Storage Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Residential Energy Storage Market Size and Volume Forecast by Application
      11.4.1. On-grid
      11.4.2. Off-grid
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Residential Energy Storage Market Size and Volume Forecast by Type
      11.7.1. Li-ion Battery Energy Storage
      11.7.2. Lead Acid Battery Energy Storage
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Residential Energy Storage Demand Share, 2019-2026

12. Asia Pacific Residential Energy Storage Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Residential Energy Storage Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Residential Energy Storage Market Size and Volume Forecast by Application
      12.4.1. On-grid
      12.4.2. Off-grid
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Residential Energy Storage Market Size and Volume Forecast by Type
      12.7.1. Li-ion Battery Energy Storage
      12.7.2. Lead Acid Battery Energy Storage
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Residential Energy Storage Demand Share, 2019-2026

13. Middle East & Africa Residential Energy Storage Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Residential Energy Storage Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Residential Energy Storage Market Size and Volume Forecast by Application
      13.4.1. On-grid
      13.4.2. Off-grid
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Residential Energy Storage Market Size and Volume Forecast by Type
      13.7.1. Li-ion Battery Energy Storage
      13.7.2. Lead Acid Battery Energy Storage
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Residential Energy Storage Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Residential Energy Storage Market: Market Share Analysis
   14.2. Residential Energy Storage Distributors and Customers
   14.3. Residential Energy Storage Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Samsung SDI
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. LG Chem
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Hitachi
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Kokam
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Fluence Energy
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. LSIS
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. SMA Solar Technology
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. NGK
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. General Electric
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Primus
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Panasonic
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. BYD
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Younicos
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. ABB
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Saft Batteries
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Lockheed Martin Energy
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Eos Energy Storage
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Con Edison Solutions
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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